- The initiative will prioritize three main areas: ensuring safe systems and technologies, promoting sustainable applications and transformation, and contributing to resilient governance and regulation.
- The alliance aims to accelerate the development of ethical guidelines and governance frameworks for generative AI and maximize the economic and social value it can create.
- The World Economic Forum invites stakeholders from various sectors, including businesses, academia and regulatory bodies, to contribute their expertise and insights to the initiative.
The World Economic Forum (WEF) has launched the AI Governance Alliance in bid to accelerate the development of ethical guidelines and governance frameworks for generative AI and maximse the economic and social value it can create.
The alliance will provide guidance on the responsible design, development and deployment of artificial intelligence systems and prioritise three main areas – ensuring safe systems and technologies, promoting sustainable applications and transformation, and contributing to resilient governance and regulation.
Moreover, the alliance aims to address today’s most critical issues as humanity approaches a potentially transformative socio-economic era.
A significant stride
“The AI Governance Alliance marks a significant stride towards responsible and ethical advancements in generative AI technology. Given its potential to transform businesses and societies, it is crucial that generative AI be developed and deployed with an unwavering focus on societal progress and human-centric principles,” Jeremy Jurgens, Managing Director at the World Economic Forum, said.:
By bringing together influential regional voices and multiple stakeholders globally, the alliance seeks to harness the benefits of generative AI systems and technologies while ensuring equitable and sustainable global impacts.
“As a society, we must be clear-eyed about both the promise and the perils of generative AI and work together to ensure AI is always in service to humanity. The AI Governance Alliance is an important forum to bring together perspectives from around the world, connecting industry, governments and civil society to better answer how we can govern AI responsibly and do so at the pace of technological change,” Brad Smith, Vice-Chair and President of Microsoft, said.
Stakeholders invited
The World Economic Forum invites stakeholders from various sectors, including businesses, academia and regulatory bodies, to contribute their expertise and insights to the initiative.
Kent Walker, President, Global Affairs of Google and Alphabet, said that the alliance will help ensure that AI is developed and used boldly and responsibly.
“We look forward to engaging with governments and civil society to establish 21st-century frameworks for 21st-century technologies. We’re seeing remarkable technological advances, and we welcome the AI Governance Alliance’s plans to further opportunity, responsibility and security – working together to build AI that helps everyone.”
Nick Clegg, President, Global Affairs, Meta Platforms, said that it’s vital that powerful new technologies are developed openly, not just behind-closed-doors in Silicon Valley.
Realizing the immense potential of generative AI while mitigating the risks will take hard work and a spirit of “openness and collaboration” across the tech industry, governments and civil society.
“AI technologies are quickly reshaping our world. We have an opportunity to create ethical guardrails and policy frameworks that will inform how generative AI is designed and deployed. The World Economic Forum is creating the AI Governance Alliance to address responsible generative AI, and IBM looks forward to contributing our own expertise to this work” Gary Cohn, Vice Chairman, IBM, said.
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