Can AI help reduce the global wealth inequality?

Posted by World Summit AI on Sep 6, 2018 5:32:54 PM
World Summit AI

Countries, like companies, are fighting to be the best in AI. 

 Whether San Francisco, or Amsterdam, London or Montreal, governments know that if they can position their big cities as the global AI epicentre, their national economy will grow exponentially.

With the AI industry set to be worth $36 billion by 2025 - it’s not surprising. When a city bags the next big Google/ IBM/ Microsoft office, or launches the next big start up, it attracts investment, business tourism, clients and the global press.

AI can help economies grow exponentially….so can it also help reduce the global wealth inequality? What if the next generation of world changing data scientists was reared in a developing nation like Ethiopia? iCog Labs, for example, is a team of software professionals dedicated to advancing the frontier of artificial intelligence - and is based in Ethiopia. What comes out of that lab could, in theory, transform Ethiopia’s economy.

 The power of AI comes in many shapes and sizes…especially if it’s democratised.

 Can AI help reduce the global wealth inequality? Share your thoughts with the World Summit AI community, simply add a comment below. 

 World Summit AI 2018 will tackle head-on the most burning AI issues and set the global AI agenda for 2019 and beyond. Join us and the global AI community in Amsterdam! 

 

Topics: Artificial Intelligence, AI ethics