Developing countries will miss out if they can’t adapt to AI for growth: ADB president

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ADB is working hard to strengthen the capacity of the developing member countries to deploy responsible AI solutions that follow an ethical framework and drive inclusive growth, the president said

Asian Development Bank (ADB) President Masatsugu Asakawa on Saturday highlighted harnessing AI for inclusive growth and the need to adopt digital technology and ensure its careful and equitable use.

“Artificial Intelligence offers tremendous potential to drive growth and help address development challenges in areas like healthcare, agriculture, and climate change,” he said, shedding light on priorities for the future.

The ADB president added that developing countries will miss out if they are not able to adopt this technology.

There are also risks from AI, such as bias and lack of transparency, he said while speaking at the formal opening session of the 57th Annual Meeting at Concert Hall in Tbilisi.

Georgia’s Prime Minister Irakli Kobakhidze, among others, was present. A colourful event showcasing the rich Georgian culture followed. Read More