American and Nigerian AI companies will work together for economic gain

The partnership’s stated goals include deepening economic connections and establishing a framework for the trustworthy, transparent, and safe use of artificial intelligence.

America and Nigeria are about to have talks on the future of the digital economy, new technologies, and AI development in order to find out how they might work together.

The Deputy Chief of Mission of the U.S. Embassy, Mr. Arthur Brown, disclosed this information at the Abuja closing ceremony of a four-day workshop on national artificial intelligence strategy. The U.S.-Nigeria Bi-National Commission is organizing a summit in Abuja, and top U.S. government officials will be meeting there within two weeks, according to Brown.

The United States plans to organize an artificial intelligence conference in Lagos to build on the momentum from a four-day workshop, according to the deputy chief of mission, who provided further information about the next gathering.

The partnership’s stated goals include deepening economic connections and establishing a framework for the trustworthy, transparent, and safe use of artificial intelligence. Through its many agencies, Brown said that the US is ready to work with Nigeria as fair partners to promote projects in areas like research, innovation, talent development, and infrastructure.

He reaffirmed the continued economic cooperation between the US government and Nigeria and praised Nigeria for supporting a landmark UN resolution on artificial intelligence.

Speaking at the end of the workshop, Dr. Bosun Tijani, the Minister of Communications Innovation and Digital Economy, stressed that African leaders and governments must act decisively to back their ambitions and plans.

Researchers at PricewaterhouseCoopers estimated that by 2030, AI may add $15.7 trillion to the world economy. Of this, $3 trillion would come from increased productivity and $9.1 trillion would come from brand-new products and services.

While discussing the expected increase in both income and employment opportunities, Tijani stressed that Nigeria should not put an emphasis on increasing its revenue but rather on creating efficient regulations for artificial intelligence (AI), seeing it as an essential instrument to boost efficiency in all areas of work.

The Nigeria Communications Commission (NCC), in conjunction with the National Information Technology Development Agency (NITDA) and the Ministry of Science and Technology (Ministry), organized a four-day workshop on artificial intelligence (AI) to develop a cooperative strategy for introducing AI throughout the country.

As part of its efforts to become an AI powerhouse in Africa, Nigeria just launched the world’s first multilingual large language model (LLM) after a four-day AI workshop.

The government of Nigeria reached out to internationally acclaimed professionals with experience in the Nigerian market and scientists with Nigerian ancestry in August 2023 to help develop the country’s national AI strategy.

Also Read: Binance Co-Founder Is Certain About Changpeng Zhao’s Situation Prior to His Sentence