WEF Responsible AI Development

On Nov. 17, WEF held AI governance summit for global leaders.

  • WEF held AI Governance Summit bringing together over 200 influential global leaders.
  • Summary
  • Over 200 leaders came together at the World Economic Forum’s AI Governance Summit to promote responsible development and deployment of generative AI.
  • Participants called to establish a robust international AI governance framework.
  • Key topics of the forum discussion included the importance of closing the digital divide and trade-offs in open-source technology and a focus on regulatory frameworks.
  • It was noted that is essential to recognize open source and innovation debate centers to address scrutiny of foundation model releases, involving concerns on risks.
  • As well as transparency and governance, and requiring clear definitions and thoughtful consideration of benefits and downsides for frontier model safety and innovation.
  • The forum participants acknowledged importance of data, cloud services, training infrastructure and computational power as crucial to bridging the digital divide.
  • Also, advancing global AI governance, developing adaptive regulations, harmonizing standards and fostering ongoing discussions for effective international mechanisms.
  • Promoting global access to vital digital/AI resources with public-private collaboration.

Regulators WEF
Entity Types Corp
Reference PR, 11/17/2023
Functions Compliance; Legal; Operations; Reporting; Technology
Countries Global Regulator
Category Global Standards Body
Products AI; Corporate
Regions Global
Rule Type Guidance
Rule Date 11/17/2023
Effective Date 11/17/2023
Rule Id 191642
Linked to N/A
Reg. Last Update 11/17/2023
Report Section International

Last substantive update on 11/20/2023