👉 Global Trends in AI Governance, by The World Bank Group

👉As per the report, Artificial intelligence (AI) is sparking interest among policymakers globally as a powerful tool to unlock new opportunities for sustainable development. Over 70 countries have already published AI policies or initiatives,with numerous more in progress around the world.

AI technology and applications are developing at record pace, as evidenced by the rapid and widespread adoption of generative AI (GenAI) – new tools and applications which create original text, audio, image, and video content. One striking benchmark is to consider the pace at which various technologies have permeated our lives. It took 75 years for fixed telephones to reach 100 million users globally. In contrast, mobile phones achieved this milestone in just 16 years, and the internet took only 7 years. The Apple store took 2 years, and strikingly, ChatGPT reached this number in a mere two months.

This unprecedented rate of adoption not only showcases the transformative potential of AI but also sets the stage for a major shift in global connectivity and economic systems

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