Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
5 ways AI is doing good in the world right now
WEF | Sean Fleming | Jul 14, 2021
In the wake of the pandemic, a growing number of businesses are speeding up plans to adopt AI and automation, according to the World Economic Forum’s Future of Jobs Report 2020.
As humans and technology increasingly work together, here are five examples of the range of applications for artificial intelligence and where it might do good.
Tackling human trafficking
There could be as many as 45 million enslaved people around the world right now. Many of them will have been the victims of human trafficking, which is one of the most profitable criminal undertakings of our time.
See: How open-source software shapes AI policy
The Global Emancipation Network (GEN) has joined forces with Accenture, Splunk (a data analytics platform) and Graphistry (which develops easy-to-read data visualizations) to create an AI-powered human-trafficking tool.
Called Artemis, it draws in data from sources such as business licenses, and public records like credit defaults and online reviews, among others. Then it identifies businesses and individuals, which it calculates to be those most likely to be involved in human trafficking. Artemis can send alerts to law enforcement agencies, triggering further investigations.
Fighting gender imbalance in the media
Ensuring a more equitable range of voices and faces in the media can only be achieved through an accurate assessment of where change is needed. That’s the view of Swiss multimedia publishing business Ringier, which is using AI to check the gender bias of its output.
The tool it has developed is called EqualVoice and it analyzes the balance of men and women that appear in the articles, features, and clips that appear across the publisher’s brands.
See: Nobel-winning Psychologist: ‘Clearly AI is going to win. How people are going to adjust is a fascinating problem’
The tool tracks gender representation in headlines, photos and captions, as well as throughout the main body of published stories. A report from the World Association of News Publishers says some Ringier-owned titles have achieved a 50:50 female:male split in their readership and that its next goal is to improve gender parity in its newsrooms.
Tracking and responding to COVID-19
AI systems had detected the outbreak of a new, previously unknown pneumonia-like illness in China well before the world realized it was in the midst of a pandemic.
AI-powered early warning systems for disease and infection draw in data from news sites and online sources of information to spot epidemiological patterns; they can then trigger alerts and help healthcare services get ready.
See: Influential economist Daron Acemoglu: Forward Thinking on technology and political economy
The power of AI has also been used to help assess the likely efficacy of specific drugs or treatments for COVID-19 symptoms.
Meanwhile, businesses including IBM, Amazon, Google and Microsoft, are donating their cloud computing resources to enable research institutions to carry out high-performance computational calculations. This has even been mirrored by many private individuals who have joined the Folding@home initiative and made their personal computers available to help collaborative computing efforts take place in the push to manage the pandemic.
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