Experts discuss fears about AI, its utility in scaling businesses

A panel of government officials and experts from diverse professions gathered on Wednesday to discuss the emergence of artificial intelligence, its regulation, and application for scaling businesses. They also addressed concerns regarding the technology’s ethical use and loss of jobs. The ‘AI Convergence Summit’ organised by Cygnis featured representatives from fintech, e-commerce, product design, gaming and edtech companies and software houses. In his keynote address, Muhammad Usman Jadoon, Pakistan’s deputy permanent representative to the UN, spoke about the global impact of AI and how it could “herald a new era” by transforming our lives. He said the UN is working on bringing all countries to the table to regulate AI and ensure its equitable use. The UN is looking at the technology from three perspectives: peace and security, human rights and how to promote AI for sustainable development.