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G20 and Artificial Intelligence: Risks and Opportunities

by 10 September 2023No Comments

G20 e Artificial intelligence: Risks and Opportunities

Ursula von der Leyen, President of the European Commission, expressed a balanced point of view on artificial intelligence during the third working session of the G20. According to von der Leyen, artificial intelligence (AI) has the potential to both take risks and offer significant opportunities. With this in mind, he emphasized the importance of conscious regulation.

The Urgent Need for Regulation in AI

“It is crucial to exploit rapidly evolving technology like AI in a responsible way,” von der Leyen said. This statement is even more significant when AI developers themselves are also calling for effective regulation from world leaders. “In the European Union, we have already taken concrete steps in this direction, presenting the first law dedicated to AI in 2020. Our goal is to facilitate innovation while ensuring an environment of trust,” added the President.

A New Global Framework for AI

Not only the EU, but also its global partners, should work together to develop a regulatory framework that manages the risks associated with AI. “I believe it is essential for Europe and its international partners to develop new global standards. These should focus both on mitigating risks and promoting investments in safe and reliable AI systems,” suggested von der Leyen.

Stimulating Emerging Economies through Digital Public Infrastructures

Another focal point of the President's speech was the role of digital public infrastructure in stimulating emerging economies.

Revolutionary Potential of Digital Infrastructures

“Digital public infrastructure represents a huge stimulus for growing economies,” said von der Leyen. In an increasingly connected world, digitalisation can represent a significant leap forward for developing nations. “The potential is immense, and the investments needed are relatively modest compared to the long-term benefits,” he explained.

Building a Trustworthy Digital Infrastructure

The key to success, according to von der Leyen, lies in building public digital infrastructures that are both interoperable and reliable. “It is essential to develop a system that is open to everyone, from citizens to businesses, and that guarantees reliability and security. Only in this way can we hope to bridge the digital divide and promote inclusive economic growth,” concluded the President of the European Commission.

In the current context, Ursula von der Leyen's words could not be more relevant. As AI continues to shape different aspects of our lives, from healthcare to education and the economy, robust regulation and robust digital infrastructure will be key to ensuring the benefits outweigh the risks.

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