T&T may be at the stage where it is behind the eight ball in terms of artificial intelligence (AI) trends, but with the right regulations, this country could become a hub for AI development.
This is the view of Trinidadian AI expert Christopher Boodoosingh, CEO and founder of local company Wimco.
“I see a lot of regulations coming in across the board already. Europe is setting all kinds of regulations. America is going to come in very soon, and every country is going to lay regulations. You asked me a really good question. How do we get ahead?” said Boodoosingh.
“We can get ahead if we set the right regulations, we can invite AI companies over time. If we’re open to these discussions. These companies do want friendly governments that, kind of like offshore banking, there will be offshore data banking, which companies will seek out countries that will give the right runway to do this in the right way.”
Boodoosingh said sooner rather than later most of the world would be adopting AI, as he has already seen part of the transition.
“Everybody’s going to organically use the same services just like we do when we all go away, and we use Uber Eats, and we all use Uber and we use Airbnb, a service that, once upon a time was a novel idea, and then it became very common to be used. And now AI services will be common, just like Airbnb,” said Boodoosingh, who is a graduate of the University of Southern California where he studied electrical engineering.
In 2021, Wimco was formed as he recognised the potential of AI.
He cited ways in which AI will become pervasive as he explained that soon, every single insurance company will use AI bolt-on actuary scientists, and every single business, such as banks, will have an AI that does something.
“Every single company that manages security cameras will have an AI that that’s checking those cameras to see if anything bad is going on, instead of humans, you know, this is going to be AI running on top of everything eventually. And Trinidadians will be using it, just like everybody else, but they’re not going to be on top of it, in front of it, managing it or owning it.”
Boodoosingh and Wimco have been pioneering the development of green AI computer infrastructure, which is geared towards increasing efficiency within AI systems, and has served as the building blocks that give AI applications such as ChatGPT the capacity to function.
Boodoosingh’s work in the field over the past three years saw him invited as a guest speaker at the Nordic Blockchain Conference held from June 19 to 20 in Copenhagen, Denmark.
He spoke during the panel discussion Blockchain and AI, where he showcased his innovative work in the industry as well as discussed potential approaches that could be adopted in Europe.
“The reason why I’m here is because Europe has reached the point where they know they’re starting to get left behind if they don’t do something about this. And I am one of the few (AI) builders that is not out of America, mostly guys that build AI are Americans in this industry,” he said.
However, Boodoosingh noted that like Europe, T&T was a step behind in terms of investing in AI.
“They asked me the same thing, like, why is Europe behind? And I told them, just follow the money. I mean, right now 60 cents out of every dollar invested in AI is from an American company. So of course, Europe is behind,” he explained noting that the largest investments in AI so far came out of the United States and China.
Boodoosingh’s talk at the conference placed focus on the transformative impact of AI on the business landscape across all industries.
He stressed that AI is the most influential technology ever. In Boodoosingh’s estimation, AI will have a greater impact than the discovery of oil or the invention of the internet.
In particular, he stressed that AI has the ability to replicate high-level tasks previously performed by professionals, which could significantly reduce labour costs by up to 70 per cent.
This, he explained, has made AI an attractive option for corporations seeking to boost their bottom line by increasing revenue potential as companies would be less constrained by human resources and the overheads tied to waged labour.
“The reality is the motor came around, and we stopped feeding animals, corn, rice, wheat and grain or whatever they needed, to get that work done and we started to get it done on motors fed by oil. Well, the machine for intelligence has now been created and is now scaling (the workload). Every day there is more and more of them, and eventually, all the jobs that were done by intelligent people are going to get done on AI and the world is just going to have a lot more abundance in everything,” said Boodoosingh, who admitted that this transition may not be smooth for some but it would create new opportunities for people to explore.
He also explained that regulations would be important as AI, while currently holding great potential, was very much at the formative stage in terms of usage for good or bad. He said it would require a responsible approach to ensure that AI is not used in a negative or adverse way.
“The reality of the situation is AI is basically just scaling intelligence, right! It is what we feed the AI. We are responsible as a human being for what we feed it,” said Boodoosingh.
“We are responsible as a caretaker of the system for feeding it the right information and setting the right parameters. We can make toxic products if we are toxic individuals, and we can make good products if we are good individuals.
"Just like being a parent, it honestly is the same thing. So let’s just hope that the people that get the power, are responsible parents. Because its just like raising children. And I’m not responsible for all the parents out there, but I am one of them. “
Earlier this month Media Insite’s conference “The Power of Perception: Media Intelligence for Enhanced Engagement,” the topic of AI, the regulation of AI and its potential impact on workers was raised with Trinidad and Tobago Chamber of Industry and Commerce President Kiran Maharaj urged local stakeholders to UNESCO’s plan to develop an AI roadmap policy.
Maharaj said at that event, “I think everybody, every company every CSO, every NGO, every government entity, everybody should be looking at that roadmap. That’s because the point here is that if we are not cautious as a region, our culture and our contents can be monetised elsewhere, and people are going to be out of jobs if it’s done the wrong way.”