So check this out, more than 1,000 policymakers, business leaders and investors are getting together in Hong Kong to talk about the big trends that are gonna shake up our world. It’s all being organized by the Future Investment Initiative Institute, and you wanna know who’s backing that think tank? Saudi Arabia’s Public Investment Fund, that’s who.
They’re getting real into the ethics of AI and how we’re gonna handle those regulations. ChatGPT is still getting off the ground, and we’re being reminded that we can’t stunt the growth of AI just because some bad apples might misuse it. If we play our cards right, technology could make us more efficient, help us live longer, reduce waste, and even support the environment.
Goldman Sachs is saying that this AI investment is gonna hit close to $200 billion by 2025, and generative AI, which uses machine learning to create original content, could up global labor productivity by over 1% a year. Pretty wild, right?
But as with any new tech, we’ve gotta keep things safe, and for that, we’re gonna need transparent and communicative regulators. They’re gonna play a key role in keeping AI on the right track, according to some of the big players in the field. And guess what? We need everyone – the government, the media, regulators – to work together. Over-regulating too early is not gonna cut it!
And speaking of regulations, they’re talking about adding a human touch to AI development. We should be all about human values over efficiency and money, said one of the panelists. And, let’s not forget, technology can be a force for good and democratize opportunities. That’s a big deal. One VP mentioned how the pandemic really pushed remote work into the forefront, and it’s a reminder that we have to make sure tech benefits everyone, not just a select few. We gotta lay down the groundwork to make AI a level playing field for everyone, you dig?