By prioritizing ethics and sustainable development, providing technical assistance, and coordinating responses to potential risks, multilateral development banks can help ensure that artificial general intelligence is developed and used in a way that benefits everyone and minimizes potential harms.

The world is experiencing a remarkable technological revolution that is altering the course of human history. The internet and computing power have already transformed the way we interact with each other and the world around us, and even greater advancements are on the horizon. Thanks to neuromorphic networks and quantum computing, our capacity to analyze and process information has been expanded. This has led to the emergence of artificial intelligence (AI), which has revolutionized the way we interact with technology.

With technologies like voice and image recognition and deep learning algorithms, AI has become an incredibly powerful tool. The emergence of web 3.0 has further accelerated this revolution with the widespread adoption of blockchain, virtual and augmented realities and tokenization. Telecommunications networks are being replaced by fiber and 5G networks, transforming every corner of the world into supercomputers.

The confluence of unlimited data processing and storage capacity, terrestrial supercomputers, and web 3.0 has paved the way for the massive irruption of artificial general intelligence (AGI): a computational system that can generate new scientific knowledge and perform any human tasks. AGI has also been defined alternatively as an autonomous system that surpasses human capabilities at most of the economically valuable work. While it is impossible to predict when AGI will arrive, we are getting closer.

The exponential learning speed of current AI model has increased by a factor of 100 million in the last ten years, and AGIs are being fed with all the data available on the internet. This has the potential to create unimaginable breakthroughs in scientific discovery, from creating crops resistant to climate change to developing new medicines. Read more…

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