WEF panel explores ethical AI implementation to drive efficiency, growth

Industry leaders at the 2025 World Economic Forum in Davos explored how artificial intelligence (AI) is reshaping business models and driving growth across sectors. (Screen shot)
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Updated 21 January 2025
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WEF panel explores ethical AI implementation to drive efficiency, growth

  • AI is automating tasks and driving exponential growth, freeing human talent for more complex work
  • Successful AI adoption requires ethical, transparent practices and strong leadership, business figures say

DUBAI: Industry leaders at the 2025 World Economic Forum in Davos have explored how artificial intelligence is reshaping business models and driving growth across sectors.

AI has evolved from an emerging technology into a transformative force capable of driving efficiency, innovation and growth, as highlighted in a panel discussion on Tuesday. However, to unlock the technology’s full potential, the panel highlighted the need for responsible, ethical and equitable implementation.

Transforming Industries

AI is revolutionizing how businesses operate by automating tasks, improving efficiency and enabling groundbreaking advancements, Julie Sweet, chair and CEO of Accenture, said.

“In most cases, AI isn’t replacing people, it’s replacing tasks or parts of the processes ... you can then create new opportunities for your people,” Sweet said, adding that AI frees up human talent for more complex work, allowing businesses to rethink their processes entirely.

Matt Garman, CEO of Amazon Web Services, said that AI is “not just doing something 5 percent better, it’s doing something 1,000 percent better or more,” highlighting the technology’s ability to deliver exponential improvements.

Responsible AI

While AI promises tremendous benefits, its success depends on how it is implemented.

Sweet highlighted the importance of building trust in AI through responsible practices.

“Building trust by treating AI like other programs ... it’s going to be absolutely critical,” she said.

For AI to be widely accepted, businesses must develop transparent frameworks and ensure that the technology is deployed ethically, she added.

Leadership and Collaboration

AI’s true value can only be unlocked when companies embrace leadership and collaboration, the panel was told.

Paul Hudson, CEO of Sanofi, said that AI adoption must come from the top.

“The biggest mistake CEOs make is ... they delegate AI to CDOs. If you delegate to a CDO, you have automatically lost,” Hudson said, adding that leadership is essential to integrating AI across organizations.

Meanwhile, Sweet added that AI innovation happens through partnerships. “Any company that says they can innovate only internally is, by definition, not innovating,” she said.

Technology Equity and Global Impact

As AI transforms industries, it must be accessible to all, Amin Nasser, president and CEO of Aramco, said.

Nasser called for technology equity, warning: “If we don’t ensure access to AI, we’ll end up with technology poverty, increasing the divide.”

AI has the potential to address global challenges, from energy security to healthcare, but it must be deployed responsibly to avoid widening inequality, he added.


‘Future cities will be built for visitors, not just residents,’ Saudi tourism minister tells Arab News

Updated 10 November 2025
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‘Future cities will be built for visitors, not just residents,’ Saudi tourism minister tells Arab News

RIYADH: Saudi Arabia is positioning itself at the forefront of the global travel evolution by designing destinations that will target the tourists of the future, the Kingdom’s tourism minister has said.

Ahmed Al-Khateeb added that sustainability would serve as the guiding principle behind Saudi Arabia’s role in tomorrow’s global travel landscape.

Travelers’ habits and the tourism industry’s revenue sources have shifted dramatically in recent years, he told Arab News in an interview.

“People used to travel in groups. Today, they are traveling in smaller groups. Hotels used to make most of their revenues from rooms — now, they are making more from lounges and restaurants.”

And younger generations, empowered by technology, are also redefining how travel is planned and experienced, Al-Khateeb added. “They are driving their own itineraries on the go, which puts pressure on traditional travel companies that once organized large group trips. We are witnessing big shifts in the global travel market.”

Among the world’s fastest-growing tourism markets, China and India are reshaping international travel flows. “China has become the most important source market for outbound travelers, while India is expected to double its number of travelers in the coming years,” the minister said. “This opens a major opportunity for the Middle East — and Saudi Arabia in particular — to emerge as a top destination for international tourists.”

Since 2019, Saudi Arabia has recorded the fastest tourism growth among all G20 nations, said Al-Khateeb. “We have a very strong domestic market and a very strong religious market. Now, we have opened our doors for leisure, business and holiday travelers — whether they seek the Red Sea coast, the southern mountains, our major cities or our beautiful islands.”

Yet the Kingdom’s long-term vision for tourism extends far beyond the present, with destinations being built to serve both visitors and residents sustainably, he added.

“In the 1950s and 1960s, cities were built for residents,” Al-Khateeb said. “Today, in places like Greece, visitors outnumber residents three to one. The cities of the future must be designed for visitors as well — and that’s what we are doing in Saudi Arabia.”

Sustainability has become a non-negotiable element of all tourism development in the Kingdom, he added. “In the last two decades, sustainability has become extremely important. As we build new destinations like the Red Sea, we are fully aligned with sustainability regulations. Whatever we build today is environmentally friendly, ensuring not only environmental, but also social and economic sustainability.”

This principle lies at the heart of Vision 2030’s tourism transformation: “Sustainability is at our forefront whenever we build or operate any new destination,” he added.