Latest news with #AIGovernance
Zawya
3 days ago
- Business
- Zawya
Dubai Culture wins ‘Best AI Governance Framework 2025' at GovTech Innovation Awards
Dubai, United Arab Emirates: Dubai Culture & Arts Authority (Dubai Culture) has been named the winner of the Best AI Governance Framework of 2025 during the GovTech Innovation Forum & Awards, hosted by TahawulTech in Dubai. The annual event honours government entities and IT leaders for driving digital transformation in the UAE and developing innovative solutions to improve the lives of citizens and residents. The recognition celebrates Dubai Culture's AI-driven initiatives that have enhanced cultural accessibility and public engagement. These efforts support the UAE National AI Strategy 2031, which aims to establish the country as a global AI hub by 2031 and embed AI across all sectors. Dubai Culture stood out for adopting cutting-edge practices and integrating AI throughout its core activities while adhering to international standards and complying with national AI governance laws, policies, and regulations. The Authority also achieved ISO 42001:2023 certification for its AI management system, making it the first government entity in Dubai and the first cultural and arts institution worldwide, to receive this certification. It remains committed to empowering creative talent through advanced technological tools.
Al Bawaba
3 days ago
- Business
- Al Bawaba
Dubai Culture Wins ‘Best AI Governance Framework 2025' at GovTech Innovation Awards
Dubai Culture & Arts Authority (Dubai Culture) has been named the winner of the Best AI Governance Framework of 2025 during the GovTech Innovation Forum & Awards, hosted by TahawulTech in Dubai. The annual event honours government entities and IT leaders for driving digital transformation in the UAE and developing innovative solutions to improve the lives of citizens and residents. The recognition celebrates Dubai Culture's AI-driven initiatives that have enhanced cultural accessibility and public engagement. These efforts support the UAE National AI Strategy 2031, which aims to establish the country as a global AI hub by 2031 and embed AI across all sectors. Dubai Culture stood out for adopting cutting-edge practices and integrating AI throughout its core activities while adhering to international standards and complying with national AI governance laws, policies, and regulations. The Authority also achieved ISO 42001:2023 certification for its AI management system, making it the first government entity in Dubai and the first cultural and arts institution worldwide, to receive this certification. It remains committed to empowering creative talent through advanced technological tools.
Korea Herald
30-06-2025
- Business
- Korea Herald
UNESCO rallies global support for ethical AI at Bangkok forum
Four years after UNESCO's AI ethics recommendation adopted, over 1,200 participants convene to discuss progress, challenges BANGKOK — With AI reshaping everything from industries to daily life, UNESCO gathered government officials, business leaders and experts from around the world in Bangkok, calling for stronger international cooperation to steer the ethical development and use of this transformative technology. The third edition of the UNESCO Global Forum on the Ethics of AI drew over 1,200 participants from 88 countries last week in the Thai capital, evaluating how far the world has come since the adoption of the 2021 Recommendation on the Ethics of AI, the first global standard of its kind endorsed by all 194 member states. 'Artificial intelligence is profoundly reshaping how we live, how we work, how we learn, how we connect, how we relate one to another, placing humanity at a historic and critical turning point,' said UNESCO Director General Audrey Azoulay at the opening ceremony on Wednesday. 'It is up to all of us to collectively steer it in an ethical direction according to the values we want to support.' 'It requires international cooperation,' Azoulay urged. 'And this is what UNESCO, our common organization, is working to do: to prepare the world for AI and to prepare AI for the world.' The summit unfolded against the backdrop of escalating AI arms race between the US and China, hindering efforts for collaboration in this rapidly advancing technology where international cooperation is more critical than ever. This tech rivalry between the two superpowers has placed pressure on many countries to take sides. But Thailand, the host nation, said it is not picking one over another. Wisit Wisitsora-At, permanent secretary at Thailand's Ministry of Digital Economy and Society, told the press conference Wednesday that it is not going with either side. 'We can live with the two systems,' he said, adding that Thailand is encouraging domestic investment to build its own AI ecosystem. Thailand used the forum to signal its determination to become a key player in AI innovation. Prime Minister Paetongtarn Shinawatra laid out her country's sweeping AI visions, a $15.4 billion investment in AI infrastructure, development of domestic talent and a national data center. She also reaffirmed Thailand's support for UNESCO's ethics vision. Thailand is developing a tool to track member states' implementation of the AI ethics recommendations and will also launch the region's first AI Governance Practice Center in collaboration with UNESCO, aimed at sharing ethical AI practices and foster collaboration across sectors. 'As leaders, we must ensure that AI delivers real, inclusive, sustainable and lasting benefits for all,' she said. 'AI must be a force for truth, not deception. An instrument for inclusion, not exclusion. And a tool for progress, not peril." No one-size-fits-all in AI governance More than 35 government ministers, mostly from Southeast Asia, Africa and Latin America, participated in the forum, discussing how to translate UNESCO's nonbinding recommendation into real national policy, while sharing their progress on implementation. In an interview with The Korea Herald, Irakli Khodeli, the head of UNESCO's Ethics of AI unit, emphasized that 'finding the right balance between access and sustainability, and between regulation and innovation' is critical in policy innovation But how that balance is defined is up to each country's unique priorities and conditions. 'There is no one strategy that can be taken from one country and applied to the other country, because it is all about their national priorities and the problems that they are facing,' said Khodeli, adding that countries vary widely in their AI purposes, available talent, computational resources and regulatory capacity. 'They are all very different and we work with every country from highly advanced and to countries in a very sort of developmental context,' he said. "We do it on an individual basis because every country is different." Khodeli also underscored the importance of regional cooperation, pointing to initiatives like the EU's AI Act, and collaborative efforts in Africa and Southeast Asia. Such collaboration, he said, helps standardize data practices and makes AI tools more compatible across borders, ultimately benefitting companies and governments alike. Asked about trilateral cooperation among Korea, Japan and China — three technologically advanced but structurally different neighbors — Khodeli was optimistic. 'China, Japan and South Korea have a shared interest to promote this technology for the benefit of their citizens,' he said. 'I think that they can really learn from each other, both in terms of technological innovation and policy innovation.' Ethics impact bottom line The three-day forum also delved into how AI ethics frameworks are being applied across different sectors, from business to academia and civil society. In a session titled 'Rethinking Corporate Responsibility in the Age of AI,' officials from LG AI Research, Microsoft, SAP, Universal Musical Group and the Thomson Reuters Foundation shared efforts to embed ethical principles into their operations. LG AI Research, the sole Korean company participating in the forum, is developing a massive open online course with UNESCO to train AI researchers, developers and policymakers in applying ethical frameworks in their own context. 'We believe creating ethical AI requires planting seed of AI ethics in the minds of those who build AI system,' said Kim Myoung-shin, principal policy officer of LG AI Research. Set to launch in the first half of next year, the course will feature case studies from companies, government and civil society organizations. Panelists also shared challenges in applying ethical safeguards in their businesses. Katie Fowler, director for responsible business at the Thomson Reuters Foundation, said that 'the biggest barrier is money.' 'The imperative for us to build a business case around responsible AI is so incredibly large because executives, boards and investors still want to talk through that lens,' said Fowler. But she stressed that as seen in the fast fashion industry, informed consumer and workforce demand can push companies to change. Jasmine Begum, director of corporate, external and legal affairs for Southeast Asia at Microsoft, echoed Fowlers' stance, adding that ethical practices can align with profitability. 'The more trusted you are, the more transparent you are and you are building that into your entire product development cycle … it matters to the bottom line. It really makes a difference to the business,' said Begum.
Associated Press
23-06-2025
- Business
- Associated Press
Hong Kong AI Governance Expert Releases First-Ever Strategic Blueprint to Reclaim City's Position in Global AI Rankings
AI Leadership Blueprint: Hong Kong's Path to Global Excellence - Provides 12 Policy Recommendations and 5-Year Roadmap to Address Hong Kong's Drop to #16 in Global AI Index. Wanchai, Hong Kong - June 23, 2025 - As Hong Kong faces mounting pressure to regain its competitive edge in artificial intelligence following its slide to 16th place in the 2024 Global AI Index, a new comprehensive guide offers a concrete path forward. " AI Leadership Blueprint: Hong Kong's Path to Global Excellence,' published by AI Governance Architect Alfons Futterer, presents the first Hong Kong-specific strategic framework designed to transform the city from an AI policy follower into a global leader. The 160-page blueprint, released May 12, 2025, addresses a critical gap in Hong Kong's AI ecosystem by providing actionable strategies that adapt Western regulatory frameworks, such as the EU AI Act, to Hong Kong's fast-moving, Asia-based innovation ecosystem. With Singapore and other regional competitors pulling ahead, Hong Kong faces a critical inflection point in its technological trajectory. Addressing Hong Kong's AI Governance Gap: 'Hong Kong has world-class infrastructure and research capabilities but lacks the strategic governance framework to compete with Singapore and other leading AI hubs,' said Futterer. 'This blueprint provides the missing piece – a practical roadmap that policymakers, business leaders, and regulators can implement immediately.' The book tackles Hong Kong's most pressing AI challenges through 12 specific policy recommendations, 7 strategic initiatives, and insights from over 100 expert contributors. Key focus areas include accelerating ISO 42001 compliance for Greater Bay Area businesses, establishing risk-based AI regulatory sandboxes, and creating cross-border governance frameworks that position Hong Kong as the region's AI governance hub. Evidence-Based Strategy with Global Benchmarking: Unlike theoretical policy papers, Futterer's blueprint draws from 5 international case studies and features 18 curated expert quotes, providing readers with proven strategies adapted for Hong Kong's unique regulatory environment. 'The question isn't whether Hong Kong should embrace AI governance – it's whether we'll lead or follow,' Futterer noted. 'This blueprint shows exactly how Hong Kong can reclaim its position as Asia's innovation gateway while maintaining the ethical standards that build long-term trust.' Comprehensive 5-Year Implementation Roadmap: The book's centerpiece is a detailed 5-year leadership roadmap that guides Hong Kong from its current #16 ranking toward top-tier global AI governance. The strategy emphasizes: Critical Timing for Hong Kong's Future: With artificial intelligence reshaping global competitiveness, Hong Kong faces a narrow window to reassert its leadership position. The blueprint arrives as businesses struggle with fragmented AI regulations, while government agencies seek clear implementation strategies for emerging technologies. 'Every month of delay in AI governance allows competitors like Singapore to widen the gap, reinforcing the urgency for decisive action,' Futterer emphasized. 'This blueprint provides the tools for immediate action.' Target Audience and Applications: ' AI Leadership Blueprint: Hong Kong's Path to Global Excellence " is designed for policymakers, regulatory officials, technology leaders, business executives, and academic institutions shaping Hong Kong's AI future. The guide's practical focus makes it essential reading for: Alfons Futterer is the Managing Director of NanoMatriX Technologies Limited. With over 25 years of experience, he has developed solutions to mitigate financial and non-financial risks tied to internal and external threats. At NanoMatriX, he has led innovations in secure document technology, brand protection, and compliance. He is the creator of ComplyNexus, an AI-powered compliance platform that simplifies regulatory processes and supports AI governance and sovereign operations. Alfons is a member of ISACA, the AI Working Group of the Hong Kong German Chamber of Commerce, and the Digital Innovation Council of the European Chamber. He actively promotes ethical AI governance and supports organizations navigating complex regulatory environments. Availability: ' AI Leadership Blueprint: Hong Kong's Path to Global Excellence " (ISBN: 978-9887129400) is available immediately through Amazon and major digital platforms. The first edition spans 160 pages and includes comprehensive appendices with implementation templates and regulatory checklists. Media Contact: Alfons Futterer, Attn: Media Relations Wanchai, Hong Kong, +852 2523 9959, [email protected] Book Information: Amazon AI Leadership Blueprint, Format: Digital and Print, Pages: 160, ISBN-13: 978-9887129400 High-resolution images, author photos, and review copies are available upon request. Media Contact Company Name: Alfons Futterer Contact Person: Media Relations Email: Send Email Phone: +852 2523 9959 City: Wanchai Country: HongKong Website: Source: PRD Marketing Group
Forbes
16-06-2025
- Business
- Forbes
Boards Must Lead AI Governance Or Risk Enterprise Value
AI Governance The headlines are relentless: AI will replace jobs, disrupt industries, and reinvent how we work. We've seen mass layoffs, hiring freezes for entry-level roles, and skyrocketing demand for AI talent. While the fear is real, history offers a reassuring truth: We've been here before. And each time, those who governed the transition—strategically, ethically, and financially—emerged stronger. From the agricultural revolution to the dawn of electricity, technological change has always reshaped how organizations allocate resources, define work, and generate value. The current wave of generative AI is no different—except that this time, CHROs, CFOs, and Boards must act in concert to ensure that the transformation doesn't erode human capital but enhances it. Each major technological leap—from the printing press to the iPhone—has followed a similar pattern: panic, restructuring, adaptation, and eventual uplift. For example: AI may feel unprecedented, but the socio-economic cycle it triggers is strikingly familiar: displacement of routine tasks, creation of new roles, redefinition of value creation, and the urgent need for human adaptation. The current discourse around AI is overly tech-centric. But if history is any guide, what matters more than the technology itself is how leadership governs the transformation. CHROs and CFOs must collaborate to ensure AI delivers sustainable value—not just productivity gains. Last year, Rebecca Ray, Ph.D. and I wrote the definitive guide for Generative AI governance as it impacts HR. We discuss the important context for creating policies in this report: Generative AI: Questions the CHRO Should Ask. According to McKinsey, AI could add $2.6 trillion to $4.4 trillion annually in global productivity—but only if organizations govern adoption well. Boards first need to understand AI (according to Wingard) and then need to integrate its governance in their accountabilities,. This means, they must ask: AI offers the chance to shift the narrative of human capital from cost to investment. With the SEC signaling greater expectations around human capital disclosures, governance structures must now include oversight of AI's impact on workforce strategy and value creation, and reported under Item 101. Like past revolutions, AI isn't simply automating tasks—it's reshaping business models. Roles like prompt engineers and AI ethicists didn't exist two years ago. Medical diagnosis, legal analysis, and marketing content are being transformed—not eliminated. Gartner estimates that by 2026, 25% of all knowledge workers will use AI assistants daily. But that stat misses the bigger issue: What are we doing with the capacity created? Are we redeploying talent into innovation? Are we upskilling them to support new services? Or are we using AI as an excuse to downsize, and in the process, eroding our pipeline of future leaders? HR leaders must connect workforce transitions to enterprise strategy. For example, when the industrial revolution upended artisan trades, guilds evolved into formal apprenticeships. Today, we need digital apprenticeships to ensure long-term talent supply. No revolution succeeded on technology alone. It took policy: workplace protections, educational reform, and economic incentives. The same is true today. AI transitions demand: Boards should treat this as a fiduciary issue. Poorly governed AI can lead to litigation, reputation damage, and attrition—all of which carry quantifiable financial risk. From a programming perspective, AI doesn't just require new tools. It requires new work design. We've seen this before. In the early 20th century, Frederick Taylor's scientific management reshaped factory workflows. In the AI era, we need 'intelligent management': human-centric, flexible, and designed for augmentation, not replacement. That includes: Companies that succeed will design programs that support human agency—not just machine efficiency. This is where CHROs shine: guiding the human behavior required for systems-level transformation. Workforce decisions are no longer 'soft' choices. They are material to enterprise value. Research by Edmans (Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices) shows that firms investing in employee well-being outperform peers in long-term shareholder returns. Just as past technological revolutions rewarded organizations that prioritized workforce adaptation and engagement, today's AI transformation will demand similar investments in human capital to unlock sustainable financial performance. Human capital ROI (HCROI) should become a standard boardroom metric, just like ROE, ROI, etc. A range of informative human capital metrics can be found in the ISO 30414 standard. Ignoring the human dimension of AI puts these outcomes at risk History teaches us is this: Organizations that thrive during upheaval aren't those with the flashiest tech—they're the ones that manage the transition best. That means, for board directors and C-suite executive, they need to: We've been here before. The stakes are high. But so is the opportunity—if we choose to mindfully lead, not simply react.
