World Bank to mobilize $10 toward climate action for every $1 received in grant money

DUBAI: The future success of world governance will depend to a large extent on how governments and commercial organizations embrace technology, not least artificial intelligence as well, delegates told the opening session of the 10th World Government Summit in the United Arab Emirates. I was told.

In his opening remarks, Mohammed Abdullah Al-Gargawi, UAE Minister of Cabinet Affairs and WGS Chairman, said: “When we launched (WGS) in 2013, we faced a number of challenges, some of which were due to the failure of governments to Cause had effect.”

Addressing the session at Madinat Jumeirah in Dubai on Monday, he said there have been several incidents in recent years that have led to unforeseen costs, notably the war in Ukraine, which has been responsible for a large wave of refugees, Already run a $2.8 trillion bill.

He pointed out that the world was facing the highest food cost in 60 years and that the cost of climate change was continuing to rise.

However, Al-Gargawi warned that while conflict was currently the main reason for refugee migration, it was rapidly moving to a situation where most refugees would be due to climate change.

While geopolitical issues will continue to hinder progress, the lack of influence in the virtual world will lead to even greater shifts in power, he said. “Ownership of data is power.”

He said that it would take 300 billion pages to print all the information on the Internet and that number continues to grow, adding that the world needs to fully understand AI and get a grip on its capabilities.

To give an idea of ​​its power, he said that in the future 90 percent of media in all aspects including press releases, opinion columns and even news stories will be produced by AI.

Geopolitical issues will become a thing of the past. There will be a new techno-political war,” al-Gargawi said.

He said that countries and organizations that failed to embrace the new technological era would lag behind and look like “prehistoric times”.

Klaus Schwab, founder and executive chairman of the World Economic Forum, said that when it comes to deglobalization of the world, deglobalization is the way for humanity to progress and the planet to continue.

“We are moving from a world with one dominant superpower to one where many countries and organizations are competing for power,” he said.

Schwab said it was important that the world worked and developed with technological changes rather than trying to heal from the effects of the crisis. “You can’t catch up with new technology, you have to be at the forefront.”

He said that it is important to master leadership in the technological world.

“We need to understand how these technologies work and dispel the fear. Governments need to show that technology can work for good,” he said.