The report, "Adopting AI Responsibly: Guidelines for Procurement of AI Solutions by the Private Sector," is a collaboration between the World Economic Forum and GEP. The report highlights the importance of responsible AI procurement by private sector organizations, as the global AI market is expected to expand at a compound annual growth rate of 37.3% from 2023 to 2030. The report provides a framework for businesses to consider when acquiring AI solutions, including business strategy, commercial strategy, data strategy, ethics and sustainability, governance, risk and compliance, and concludes with a call for greater responsibility in AI procurement.
