Technology

 As global leaders gather at the United Nations Summit of the Future in New York, tech investor and entrepreneur Rashit Makhat emphasizes that artificial intelligence (AI) will be judged on its ability to address the world's most pressing challenges. The latest Sustainable Development Report reveals that none of the 17 UN Sustainable Development Goals (SDGs) are on track to be achieved by 2030, sparking urgent calls for action.

Makhat, Co-Founder of UAE-based Scalo Technologies, believes AI has transformative potential in sectors like healthcare, food security, and poverty reduction. However, he warns that a lack of global oversight is hindering progress. "AI can accelerate progress on the SDGs, but global collaboration, increased spending on research, and ethical guidelines are essential to unlocking its full potential," Makhat stated.

According to a PwC study, AI could contribute up to $15.7 trillion to the global economy by 2030, yet a McKinsey report highlights the stark reality of unmet needs: 2.2 billion people lack access to safe water, and 3.5 billion lack proper sanitation. AI offers solutions, from using machine learning to direct aid to underprivileged areas, to developing resilient crops and providing early warnings for nutrition crises. However, data scarcity and talent shortages, particularly in developing countries, are major obstacles.

Makhat also emphasized AI’s role in healthcare, with AI-powered systems significantly reducing maternal mortality rates in Kenya and India by providing essential support to expectant mothers. However, challenges such as limited internet access in low-income countries continue to impede progress.

“Generative AI opens new possibilities for social entrepreneurs and innovators across sectors,” Makhat added, “but responsible use and risk management are critical for ensuring a sustainable future.”

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