Five of the biggest and influential technology companies have come together to back up the creation of a project that would further explain the importance of artificial intelligence (AI).

Amazon, DeepMind/Google, Facebook, IBM, and Microsoft have announced the creation of 'Partnership on Artificial Intelligence to Benefit People and Society (Partnership on AI),' which seeks to address opportunities and challenges with AI technologies for the benefit of the people and society. The organization promised to come up with series of research in the field of artificial intelligence to recommend best practices in areas, such as ethics, fairness and inclusivity. Partnership in AI will also collaborate on transparency, privacy, and interoperability of AI and its trustworthiness, reliability, and robustness.

"We believe that artificial intelligence technologies hold great promise for raising the quality of people's lives and can be leveraged to help humanity address important global challenges such as climate change, food, inequality, health and education," Partnership on AI's website said.

It could be remembered that early September, The New York Times had already leaked that Google, Facebook, Microsoft, IBM and Amazon were discussing an AI-related project, such as the impact of A.I. on jobs, transportation and even warfare.

The said report also said that though the group has not come up yet with the specifics matters to be included in the partnership, they are clear in one thing and that is to ensure that the Partnership on AI will focus on the benefits it could give to many people and that would not hurt them.

"AI technologies hold tremendous potential to improve many aspects of life, ranging from healthcare, education, and manufacturing to home automation and transportation," the official press release said.

The five giants are expected to invite academics, non-profits, and specialists in policy and ethics to join the Board of the organization. As founding members of the organization, Amazon, DeepMind/Google, Facebook, IBM, and Microsoft promised to contribute to the partnership financial and research resources. In addition, they are also expected to share leadership with independent third-parties such as academics, user group advocates, and industry domain experts.