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Google CEO announces $120M fund for global AI education, training
Pichai also calls for smart regulation to avoid an AI divide

Google CEO announces $120M fund for global AI education, training

Sep 22, 2024
11:41 am

What's the story

Google's CEO, Sundar Pichai, has announced a new initiative to promote artificial intelligence (AI) education and training worldwide. The announcement was made at the UN Summit of the Future, where Pichai highlighted AI as "the most transformative technology yet." He outlined four key areas where AI could significantly contribute to sustainable development: information accessibility in native languages, scientific research acceleration, climate disaster monitoring and alerts, and economic advancement.

AI challenges

Pichai acknowledges potential risks of AI technology

While emphasizing the potential benefits of AI, Pichai also acknowledged its associated risks. He specifically mentioned deepfakes as a significant challenge posed by this technology. However, he did not discuss the impact of AI on climate change during his address at the summit. His focus remained on highlighting the transformative power of AI and its role in driving global development.

AI funding

Google sets up global AI opportunity fund

To prevent a worldwide "AI divide," Pichai revealed that Google is establishing a $120 million Global AI Opportunity Fund. This fund aims to "make AI education and training available in communities around the world." The tech giant plans to collaborate with local non-profits and NGOs for this initiative, ensuring widespread access to AI education across different regions.

Regulatory appeal

Calls for smart product regulation in AI sector

Pichai also stressed the need for "smart product regulation that mitigates harms and resists national protectionist impulses." He warned that without such measures, regulation could potentially "widen an AI divide and limit AI's benefits." This statement underscores Google's commitment to ensuring the responsible and equitable use of AI technology across the globe.