DUBAI: Artificial intelligence can redefine societies but needs “proper guardrails” to be used for the common good, the head of a top management firm’s AI division has said.
Jad Haddad, partner and global head of Quotient, AI by Oliver Wyman, was speaking at the World Governments Summit in Dubai on Thursday.
His firm and the summit co-launched a report, “AI: A Roadmap for Governments,” highlighting the urgent need for governments to develop strategies for the responsible deployment of AI.
“This report highlights the urgent need for governments to act decisively in creating frameworks that not only foster innovation, but also address the ethical and societal risks associated with AI, ensuring it serves the common good,” Haddad said.
Amid rapid evolution in AI, the report underscores both the transformative potential and significant risks the technology poses to society.
With more than one-third of the world’s countries already publishing national AI strategies, the report highlights AI as a strategic technology poised to redefine industries, governance and global competitiveness.
WGS’ managing director, Mohamed Al-Sharhan, said: “The future of AI demands a unified global response.”
The report is a crucial blueprint for policymakers that guides them through the complexities of the technology, Al-Sharhan said.
It also highlights the importance of aligning academic institutions, launching talent programs and establishing public-private collaborations to effectively navigate the complexities of AI adoption worldwide.
The report calls for building robust regulatory frameworks to protect citizens and ensure equitable access to AI technologies.
“Without proper guardrails, AI could become the biggest threat to privacy and democracy that we have ever faced,” Haddad said.
