All videos

AI is the word of the year, says Collins Dictionary

Artificial intelligence (AI) has taken center stage in 2023, prompting significant discussion and debate. Its rapid advancements have brought both excitement and concern, highlighting its potential for both immense benefit and potential misuse.

AI's impact on our lives

AI has permeated our daily lives, automating tasks, analyzing vast amounts of data, and even assisting us in creative endeavors. It can write text, translate languages, generate music, and even create special effects and entire movies. The Beatles' recent single release is a testament to AI's capabilities, as it utilized AI to isolate John Lennon's vocals from the band's original recordings.

Ethical concerns and regulatory efforts

However, AI's power comes with a caveat. The technology has been used to clone people's voices and images without their consent, creating 'deep fakes' that can deceive and misinform. In response, regulators are scrambling to establish guidelines that ensure AI remains a force for good.

The European Union has proposed an AI Act to curb misinformation, discrimination, and copyright infringements. Additionally, the World Economic Forum has launched the AI Governance Alliance, a collaborative effort among industry leaders, governments, academic institutions, and civil society organizations. This alliance aims to promote responsible global design and the release of transparent and inclusive AI systems.

Have you read?
Emerging Technologies

Why Africa could provide the next semiconductor ecosystem for the chip business

Nii Simmonds and Ayodele Okeowo

July 17, 2024

About Us



Partners & Members

  • Sign in
  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum