The Nordic countries are well equipped to take the lead on responsible use of artificial intelligence. This sets them up for a competitive advantage.
Artificial intelligence (AI) and generative AI may unlock 4.4 trillion US dollars in efficiency and productivity gains. A prerequisite is that the technology is safe, secure, and trusted. Here, both regulators and private actors play an important role.
Responsible AI use gives organizations the opportunity to secure a competitive advantage through efficiency gains, and by increasing customers’ trust.
The Nordic countries are well placed to become a lighthouse of responsible AI thanks to their digitally savvy population, technological advancement, and tradition of social responsibilities and security. If they act now, they could capture a large share of AI’s value pool, and at the same time commit to their tradition of social responsibility.