
The genie is out of the bottle: time for the world to agree on AI guardrails
- Generative AI is quickly changing our world but we still have a small window to ensure its development is aligned with our shared interests and values
Virtually all technological advances have had both positive and negative effects on society. On one hand, they have bolstered economic productivity and income growth, expanded access to information and communication technologies, extended human lifespans and improved overall well-being.
On the other hand, they have led to worker displacement, wage stagnation, greater inequality and an increasing concentration of resources among individuals and corporations.
The risks already posed by advanced AI, and those that are reasonably foreseeable, are considerable. Beyond the widespread reorientation of labour markets, large-language-model systems can increase the spread of disinformation and perpetuate harmful biases.
The open letter, and the heated debate it has triggered, underscores the urgent need for stakeholders to engage in a wide-ranging good-faith process aimed at aligning robust shared guidelines for developing and deploying advanced AI.
Proposals for AI and digital-services governance are emerging, including in the United States and the European Union. Organisations like the World Economic Forum are also making contributions.
In 2021, the forum launched the Global Coalition for Digital Safety, which aims to unite stakeholders in tackling harmful content online and facilitate the exchange of best practices to regulate online safety. The forum subsequently created the Digital Trust Initiative, to ensure that advanced technologies like AI are developed with the public’s best interests in mind.
Now, the forum is calling for urgent public-private cooperation to address the challenges that have accompanied the emergence of generative AI and to build consensus on the next steps for developing and deploying the technology.
To facilitate progress, the forum, in partnership with AI Commons – a non-profit organisation supported by AI practitioners, academia, and NGOs focused on the common good – will hold a global summit on generative AI in San Francisco on April 26-28. Stakeholders will discuss the technology’s impact on business, society and the planet, and work together to devise ways to mitigate negative effects on third parties and deliver safer, more sustainable and more equitable outcomes.
Generative AI will change the world, whether we like it or not. At this pivotal moment in the technology’s development, a cooperative approach is essential to enable us to do everything in our power to ensure the process is aligned with our shared interests and values.
Klaus Schwab is founder and executive chairman of the World Economic Forum
Cathy Li is head of AI, data and metaverse and a member of the executive committee at the World Economic Forum


