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2. AI in Economic Development
Another key area of focus was the potential of AI to drive economic growth, industrial innovation, and labor market changes. AI is expected to transform industries such as manufacturing, finance, and healthcare by enhancing efficiency, reducing costs, and creating new economic opportunities.
Discussions covered case studies from different countries on how AI is being used to optimize resource allocation, automate supply chains, and revolutionize customer interactions. Experts warned, however, that while AI can drive growth, it also poses risks of job displacement and socioeconomic inequalities if not managed effectively.
3. Ethical and Societal Implications of AI
With AI becoming increasingly powerful, ethical considerations have become a global concern. The conference explored the implications of AI-driven surveillance, bias in machine learning algorithms, and the need for responsible AI development.
Panelists debated regulatory measures that should be implemented to ensure AI technologies are developed and deployed in ways that respect human rights, privacy, and ethical standards. Discussions also covered the cultural and religious dimensions of AI, particularly in societies with conservative values, where issues such as digital ethics and automation in traditional industries were examined.