Maximizing the potential of disruptive technologies like artificial intelligence will require the right regulations and transparency on data usage, experts suggested at a forum in Singapore on Saturday. In a session of the Singapore Summit titled "Fostering inclusive growth: redefining policies and harnessing technological advancements to address societal challenges," the panelists were challenged with questions from the audience on how AI can be used for the good of society, as opposed to creating mass joblessness. Joseph Tsai, executive vice chairman of Chinese e-commerce giant Alibaba Group, said companies and their management teams "need to establish trust with the people who entrust them with data." Tsai gave an example of sharing encrypted data with a rural cooperative to develop a lending model that manages credit risk, giving farmers access to the financial market. Meanwhile, Antoine Blondeau, co-founder and co-chairman of AI company Sentient Technologies, said that while there is merit to the notion that AI will take jobs away from people, it will not happen overnight.