The regional gap in AI adoption
To better understand how artificial intelligence (AI) is being adopted differently by nations around the world, we sat down with Virtusa's Executive Vice President of Global Digital Solutions, Frank Palermo. As AI takes a more prevalent role in our society, the issue of ethics and governance has become critical, and policymakers around the globe have a collective responsibility to be forward thinking when deciding how best to regulate it. It is imperative that AI is managed in a way that allows the technology to reach its full potential, while ensuring it doesn't have a negative impact on humans and society. The US has historically left technology companies relatively unimpeded by government oversight or stringent regulation, with the market dominance of the FAANG companies (Facebook, Apple, Amazon, Netflix and Alphabet's Google) serving as a perfect example of this. While China has taken almost the opposite approach, with the Chinese government having a more'hands-on' role, specifically mentioning AI in their'grand vision' for the country, this has somehow still resulted in a similar ecosystem of tech giants, namely the BAT companies (Baidu, Alibaba and Tencent).