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World AI Cooperation Organization marks milestone in AI development: int'l delegates

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China

China

World AI Cooperation Organization marks milestone in AI development: int'l delegates

2026-07-18 22:45 Last Updated At:07-19 10:57

The newly-established World Artificial Intelligence Cooperation Organization (WAICO) marks a major milestone in AI development and a significant step toward global AI governance, international delegates said on Friday.

Twenty-nine countries on Thursday signed an agreement in Shanghai on establishing WAICO, an independent intergovernmental international organization headquartered in Shanghai.

The organization aims to promote international cooperation and global governance on AI, ensuring that AI is beneficial, safe and fair, thereby promoting its healthy and orderly development to benefit all humanity.

"I think this organization reinforces the need for multilateral cooperation. So you have 29 countries that have come together. I think yesterday's developments underline the importance of the capacity-building that countries around the world are facing an AI divide. There are some countries that do not have the talent, the datasets, the computer infrastructure, the access to the right models, and therefore efforts such as these can help bridge the AI divide," said UN Under-Secretary-General and Special Envoy for Digital and Emerging Technologies Amandeep Singh Gill.

Alaa Abdulaal, chief of Digital Economy Intelligence at the Digital Cooperation Organization, also hailed the launch, saying that cooperation is vital to ensure that no country is structurally excluded from the evolving digital landscape.

"Any initiative that is targeted for opening dialogues and innovation and conversation between countries to make sure that everyone is participating in the digital economy is a huge milestone. Whenever we have cooperation, whenever we have different countries, different representation, making sure that no one is left outside AI, it is a huge achievement, definitely," said Abdulaal.

World AI Cooperation Organization marks milestone in AI development: int'l delegates

World AI Cooperation Organization marks milestone in AI development: int'l delegates

World Artificial Intelligence Cooperation Organization marks milestone in AI development: int'l delegates

World Artificial Intelligence Cooperation Organization marks milestone in AI development: int'l delegates

Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.18 percent to 3,830.45 points.

The Shenzhen Component Index closed 0.34 percent higher at 12,901.95 points.

Turnover of stocks covered by these two indices totaled about 1.41 trillion yuan (around 209.16 billion U.S. dollars), down from 1.7 trillion yuan on the previous trading day.

Shares in the electronic components, batteries and real estate sectors led the gains, while those related to lab-grown diamonds, genetically modified organisms and corn were among the biggest decliners.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.09 percent on Tuesday to close at 3,142.56 points.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.69 percent higher at 1,848.72 points on Tuesday.

Chinese shares close higher Tuesday

Chinese shares close higher Tuesday

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