Google’s Ruth Porat: To unlock AI’s upside, rethink every process

Core Insights - The discussion at the Fortune Global Forum highlighted the dual speeds of AI development: rapid technological breakthroughs versus slower adoption rates, emphasizing the need for a fundamental rethink of processes to fully realize AI's economic benefits [1][2] Group 1: AI's Economic Impact - Ruth Porat, president and chief investment officer of Alphabet and Google, stressed that AI's potential requires a comprehensive evaluation of its implications for businesses and countries [2] - Barclays Group CEO C.S. Venkatakrishnan noted that significant financial commitments and trustworthy partnerships are essential to unlock AI's full potential, particularly in transforming business processes [3][4] Group 2: Human Element and Skills Investment - Saudi Arabia's Minister of Investment, Khalid Al-Falih, emphasized the importance of trust in partnerships and the need to focus on both technology and talent in navigating economic complexities [5][6] - Porat echoed this sentiment, stating that responsible AI execution must include investments in training and education, alongside infrastructure development to support AI expansion [7] Group 3: Infrastructure and Energy - Porat highlighted the potential for 2,500 gigawatts of energy in development in the U.S. that is awaiting grid integration, which is crucial for supporting AI initiatives [7] - Google is addressing the shortage of electricians in the U.S. by creating training programs and is also advancing projects in carbon capture and nuclear energy [8]