DIALOGUES is a platform for diverse perspectives and candid conversations on AI, technology, and society — and our collective responsibility to get it right.
At the World Bank’s 2025 Global Digital Summit, James Manyika, Senior Vice President of Research, Labs, Technology & Society here at Google & Alphabet sat down with Ajay Banga, President of the World Bank for a wide-ranging discussion on the opportunities, challenges, and pace of innovation when it comes to AI technology in both developing and developed markets. This conversation has been condensed to highlight key discussion points and edited for clarity. Listen to the full conversation, moderated by Niala Boodhoo, here.
NIALA (MODERATOR): It's clear that artificial intelligence has the potential to revolutionize our world. But the big question is: how do we not repeat the mistakes that led to the current digital divide when it comes to AI? As the World Bank itself has said in its inaugural Digital Trends and Progress Report, this calls for a new playbook and a new level of cooperation between stakeholders like policymakers and the private sector.
Ajay, last year the World Bank announced the launch of a new digital vertical. Can you give us an update on that and how it fits into the bank's overall mission and vision?
AJAY: The idea of creating a separate digital vertical was not to say that “digital is not an important part of human capital, or prosperity, or development of infrastructure” – it is. But if it gets lost in each of those, it doesn't get the attention that it deserves, given the outsized implications it has for each and every aspect of development. More germane to today's discussion is how do we help get AI to become embedded in countries in the emerging markets? How do we help them meet the challenges of using it? Of not getting left behind? Of creating the right governance and the right rules and the right systems around it?
I see enormous pluses with [AI] in health and agriculture and other areas. The issue is, do we have the right skills and infrastructure in these countries to enable that to happen? On the other side, there is the issue of governance and transparency and data protection and regulations. A friend of mine once said to me that [AI] is so important that not regulating it would be a big error, but not regulating it in the best possible way would be an even bigger error. The difference between this and prior innovations in systems is the speed of which it’s happening.
NIALA (MODERATOR): James, do you want to comment on the speed of innovation, and what you’ve seen in terms of advancement of AI?
JAMES: I did my PHD in AI and Robotics almost 30 years ago and I never could have imagined the progress that we've seen in the last decade. First, the models are getting better, they’re more capable, they’re more natively multimodal (which means they can work with content of any kind, not just text). They’re also becoming what's called agentic, which means it's more than just inputting things and getting outputs out; they can actually take actions on your behalf and be connected with other tools.
The second thing I’d highlight about the pace of progress is that because AI is a general purpose technology, it's starting to impact other adjacent technology. Take for example, robotics. Robotics is going to have massive acceleration. I live in San Francisco, and at Google we introduced driverless cars with Waymo. If you live in San Francisco or LA or Phoenix, you’re probably already riding in these cars. In fact, a couple weeks ago, we reached a milestone where in those three cities, we’re doing 200,000 paid rides in those cities per week
One of the things that's underappreciated is how in the last couple years especially, these models have become a lot more efficient, both in terms of the compute and energy required. We're starting to see huge gains in efficiency.