On Thursday, Microsoft, a multinational technology company, said artificial intelligence could contribute up to $15.7 trillion to the global economy by 2030.
A commercial lawyer with Microsoft Africa, Theo Watson, said this in his presentation, ‘AI Opportunity in Africa’ at the African AI Journalists Academy via Microsoft Team.
While emphasising the opportunities AI could bring to Africa, Mr Watson said that of the $15.7 trillion AI could generate, $1.2 trillion could be generated in Africa.
He noted that the $1.2 trillion represented a 5.6 per cent increase in the continent’s GDP by 2030.
Mr Watson, however, emphasised the need for responsible regulation of artificial intelligence to accelerate its opportunities and reap its benefits.
According to him, as the world navigates this AI-powered future, our journey must be underpinned by responsible and sustainable innovation.
He said this would ensure that AI’s progress in the nation remained aligned with human values and societal norms.
“Responsible and sustainable innovation will ensure that AI progress aligns with the needs that define Africa’s vastly diverse cultures. This involves a deep engagement with the continent’s unique challenges, recognising their complexity and prioritising those that AI can help solve.
“Also, collaborating with relevant stakeholders will be key to ensuring that AI solutions are not just technologically advanced but also culturally attuned and genuinely beneficial to African societies,’’ the lawyer said.
Mr Watson stressed that building trust and security was vital, and Microsoft’s responsible AI journey started in 2016. He said the Microsoft AI journey was accompanied by its AI principles of fairness, rehabilitation and safety, privacy and security, inclusiveness, transparency and accountability.
Akua Gyekye, Microsoft Africa’s government affairs director, said the world was changing, industries were transforming rapidly, and drivers of economic growth were evolving.
Mr Gyekye said technology was addressing socioeconomic delivery issues, such as health, education, and agriculture, and that the impact was real.
According to her, Thekwini Metropolitan Municipality in South Africa is leveraging AI to reduce water wastage and provide innovative water and sanitation services to its growing population.
“Farmers in Nigeria and Kenya are getting customised advice on farming based on AI, advice on soil and weather data. This helps them to make evidence- driven decisions and increase yields using technology to do the research and help find the right use of AI to boost productivity of their workforce,” she said.
However, Mr Gyekye highlighted some blueprints for governing AI that could accelerate opportunities in Africa, noting that this included promoting transparency and ensuring academic and public access to AI.
