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Utilizing AI’s Strengths for Positive Impact: The Key Regulatory Considerations


In a recent Euronews Debates panel discussion, experts tackled the issue of AI governance and the geographic concentration of AI’s economic and social benefits in the Global North. While AI brings opportunities for innovation in solving critical challenges, it also raises concerns such as misinformation, weapon development, and economic inequality. Proper regulation is crucial to ensure AI is used for good.

The panel included experts like Yi Zeng and Rose Luckin, who highlighted the benefits of AI in areas such as biodiversity, education, and healthcare. However, concerns were raised about the potential misuse of AI in warfare and the need for global regulation to prevent such scenarios.

Governments worldwide are working on regulations for AI, such as the EU AI ACT and proposed regulations in the US and China. The UN has also issued recommendations for AI governance, including the creation of an international scientific panel.

The panel discussed the dominance of Big Tech companies in the AI space, with North America and China expected to see the largest GDP gains from AI. Open source AI was proposed as a solution to create a fairer system, allowing for modifications and sharing of AI models. Experts like Amr Awadallah and Rose Luckin emphasized the opportunities that open source AI presents, particularly for less developed countries to leapfrog in AI technology.

Overall, the panel stressed the need for global cooperation and regulation to ensure AI is used ethically and for the benefit of all, while exploring opportunities for innovation and collaboration in the AI space.

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Photo credit www.euronews.com

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