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The AI Governance Alliance of the World Economic Forum recently said there is a need for a global effort in order to create equitable access to advanced Artificial Intelligence. Artificial Intelligence has the potential to address global challenges, but at the same time, it poses risks by widening existing digital divides or making new ones, according to the alliance at the WEF annual meeting.

The alliance also released a series of three new reports on advanced AI focusing on generated AI governance, unlocking its value and a framework for responsible AI development and development. The alliance unites governments, businesses, and experts in shaping responsible AI development applications and governance, ensuring equitable distribution and enhanced access to this path-departing technology.

Cathy Li, Head of AI, Data and Metaverse, WEF, said, "The AI Governance Alliance is uniquely positioned to play a crucial role in furthering greater access to AI-related resources, thereby contributing to a more equitable and responsible AI ecosystem globally." She further said, "We must collaborate among governments, the private sector and local communities to ensure the future of AI benefits all."

AI Governance Alliance called upon experts from several industries to address the critical areas that included enhancing data quality and availability across nations, improving access to computational resources and adapting foundation models to suit local needs and challenges. There was also a strong emphasis on education and the development of local expertise to build and navigate local AI ecosystems efficiently.

Besides these goals, the alliance said there is also a need to establish new institutional frameworks and public-private partnerships along with executing multilateral controls to support and enhance these efforts.

According to the experts, AI has the potential to address global challenges, as well as it holds risks of widening existing digital divides or creating new ones.

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