‘Global AI Opportunity Fund’ worth $120 million unveiled by Sundar Pichai

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'Global AI Opportunity Fund' worth $120 million unveiled by Sundar Pichai
'Global AI Opportunity Fund' worth $120 million unveiled by Sundar Pichai

Sundar Pichai, CEO of Alphabet and Google, unveiled a $120 million ‘Global AI Opportunity Fund’ at the United Nations Future Summit in the United States.

Pichai said that the initiative will invest “one hundred and twenty million dollars

to make AI education and training available in communities around the world. We’re providing this in local languages, in partnership with non-profits and NGOs”.

The 79th United Nations General Assembly (UNGA) in New York has brought together leaders from all over the world, including the inaugural “Summit of the Future”.

Speaking at the event, Pichai said that “growing up in Chennai, India, with my family, the arrival of each new technology improved our lives in meaningful ways.”

“The technology that changed my life the most was the computer. I didn’t have much access to one growing up. When I came to graduate school in the US, there were labs full of machines I could use anytime I wanted – it was mind blowing. Access to computing inspired me to pursue a career where I could bring technology to more people,” he mentioned.

Currently, 15 Google products serve more than half a billion consumers and organizations. Six of them, including Search, Maps, and Drive, serve more than 2 billion people.

Pichai stated that the business has invested in AI research, tools, and infrastructure for the past two decades.

“Using AI, in just the last year, we have added 110 new languages to Google Translate, spoken by half a billion people around the world. That brings our total to 246 languages, and we’re working toward 1,000 of the world’s most spoken languages,” informed the Google CEO.

According to some research, artificial intelligence (AI) might enhance global labour productivity by 1.4 percentage points and global GDP by 7% during the next decade.

AI is improving operations and logistics in emerging markets, addressing difficulties such as connection, infrastructure, and transportation congestion.

Pichai emphasized the importance of developing, deploying, and using AI ethically from the outset.

“We’re guided by our AI Principles, which we published back in 2018. And we work with others across the industry, academia, the UN, and governments in efforts like the Frontier Model Forum, the OECD, and the G7 Hiroshima Process,” he said.

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