2023 was generative AI’s year, when the huge potential of the technology began to be realised in real-world settings. 2024 must be the year we get serious about its risks – especially the serious implications it could have for widening existing inequalities and creating new ones.
It is incumbent on international leaders and policymakers to ensure that all of humanity – not just the fortunate few – reap the benefits of AI.
The capabilities of AI systems are maturing, and many in the developed world now use large language models that understand language, generate images and engage in reasoning, in our everyday lives. In the near future, it is expected that these models will support improvements in productivity, boosting economic growth, empowering individuals from the arts to scientific research, and probably helping humankind address large-scale social and technological challenges.
But will these effects be evenly distributed? Will they focus on the needs of communities that are already under-represented? And how can we ensure that the benefits don’t just go to developed countries that have the resources, infrastructure, digital literacy and training to best take advantage of frontier AI?
In terms of AI development, there are several issues that needs to be addressed in terms of access and inclusion.
It is incumbent on leaders and policymakers to ensure that all of humanity – not just the fortunate few – reap the benefits of AI
For example, in terms of development, the majority of training data tends to be based on English-based training data. This is natural as the majority of data produced is linked to English, while it is important to recognise that important local innovations equally can be unlocked when large language models are specialised on low-resource languages where data is not as readily available.
The challenges of unlocking local innovation in AI tends to be paired with inadequate access to internet services, limited computing power, and lacking availability to sectoral training. Those groups and nations that are already struggling to take advantage of current AI systems will probably fall further behind, unless some of these trends are actively reversed.
To redress governments, private-sector leaders and technical experts need to build support for and create rules and norms for the equitable development, distribution and access to AI. They will also need to consider a range of other issues, including bias, privacy, the need for shared, precise terminology, accountability, transparency and the development of trust.
Without some degree of intervention, governance, safeguards, and importantly, consensus, we cannot assure inclusive AI. To address this divide, the World Economic Forum is using its multi-stakeholder model to bring together government and business leaders to ensure key issues such as inclusivity and equitable access are on the AI agenda.
Building on its Presidio AI Framework for Responsible and Optimised AI Development and Deployment, released in June last year, the Forum’s AI Governance Alliance is bringing experts from different sectors together to promote cross-border data quality and availability. It aims to mobilise resources to explore the benefits of AI in important sectors such as education and health care.
The AI Governance Alliance is advancing a three-pronged approach to ensure the equitable distribution of the technology worldwide. The Briefing Paper Series, published during our annual meeting, present recommendations on safe systems and technologies, responsible applications and transformations, and resilient governance and regulation.
Among the central tenets identified to success are the need for standardised perspectives on the model lifecycle, inculcating shared responsibility, taking steps to proactively manage risk, ensuring multi-stakeholder governance, communicating transparently, and advocating for international co-ordination and standards to help prevent fragmentation.
Generative AI is rapidly becoming a defining feature of modernity. Unlike other technologies of national and international importance, AI can be used by anyone with access worldwide. The issue is to ensure that it is a part of everyone’s future, and this can only be achieved if we build in inclusivity now.
Open, transparent innovation and international collaboration are essential to AI’s continued responsible development to ensure that it upholds shared human values and promotes inclusive societal progress. To date, this has been shown to be lacking, but we are well placed to see where the problems lie and how they can be addressed.
We have a narrow window in which to act, underscoring why we need to work quickly, efficiently and together during 2024.
ICC Intercontinental Cup
UAE squad Rohan Mustafa (captain), Chirag Suri, Shaiman Anwar, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Saqlain Haider, Ahmed Raza, Mohammed Naveed, Imran Haider, Qadeer Ahmed, Mohammed Boota, Amir Hayat, Ashfaq Ahmed
Fixtures Nov 29-Dec 2
UAE v Afghanistan, Zayed Cricket Stadium, Abu Dhabi
Hong Kong v Papua New Guinea, Sharjah Cricket Stadium
Ireland v Scotland, Dubai International Stadium
Namibia v Netherlands, ICC Academy, Dubai
Results
4pm: Maiden (Dirt) Dh165,000 1,600m
Winner: Moshaher, Pat Dobbs (jockey), Doug Watson (trainer).
4.35pm: Handicap (D) Dh165,000 2,200m
Winner: Heraldic, Richard Mullen, Satish Seemar.
5.10pm: Maiden (Turf) Dh165,000 1,600m
Winner: Rua Augusta, Harry Bentley, Ahmad bin Harmash.
5.45pm: Handicap (D) Dh190,000 1,200m
Winner: Private’s Cove, Mickael Barzalona, Sandeep Jadhav.
6.20pm: Handicap (T) Dh190,000 1,600m
Winner: Azmaam, Jim Crowley, Musabah Al Muhairi.
6.55pm: Handicap (D) Dh190,000 1,400m
Winner: Bochart, Richard Mullen, Satish Seemar.
7.30pm: Handicap (T) Dh190,000 2,000m
Winner: Rio Tigre, Mickael Barzalona, Sandeep Jadhav.
About Tenderd
Started: May 2018
Founder: Arjun Mohan
Based: Dubai
Size: 23 employees
Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
RESULT
Copa del Rey, semi-final second leg
Real Madrid 0
Barcelona 3 (Suarez (50', 73' pen), Varane (69' OG)
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Score
Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Planes grounded by coronavirus
British Airways: Cancels all direct flights to and from mainland China
Hong Kong-based Cathay Pacific: Cutting capacity to/from mainland China by 50 per cent from Jan. 30
Chicago-based United Airlines: Reducing flights to Beijing, Shanghai, and Hong Kong
Ai Seoul: Suspended all flights to China
Finnair: Suspending flights to Nanjing and Beijing Daxing until the end of March
Indonesia's Lion Air: Suspending all flights to China from February
South Korea's Asiana Airlines, Jeju Air and Jin Air: Suspend all flights
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What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
RESULT
Chelsea 2
Willian 13'
Ross Barkley 64'
Liverpool 0
EXPATS
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'Gehraiyaan'
Director:Shakun Batra
Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa
Rating: 4/5