Source: Forbes

Forbes explores the emerging field of prosocial AI—artificial intelligence designed to benefit society—and its potential as a driver for economic prosperity. The article outlines four key ways that prosocial AI can stimulate inclusive economic growth, focusing on healthcare, education, environmental sustainability, and financial accessibility.

Legal experts discuss the importance of establishing regulatory frameworks that incentivize the development of AI tools aimed at social good while ensuring compliance with data protection laws and ethical standards. The article also highlights concerns around algorithmic bias, transparency, and equitable access to AI technologies, emphasizing the need for accountability in AI systems that impact vulnerable populations.

The piece concludes by calling for stronger public-private partnerships to fund and regulate prosocial AI initiatives, ensuring that technological innovation contributes to economic and social well-being.