Global AI Summit 2024: The Global India AI Summit 2024 is underway on July 3rd and 4th, hosted by the Ministry of Electronics and Information Technology (MeitY). This esteemed gathering in Delhi brings together international delegates, AI experts, and policymakers, highlighting India’s dedication to advancing responsible artificial intelligence (AI) development on a global scale.
Union Minister Ashwini Vaishnaw Highlights AI Regulation Efforts
Union Minister Ashwini Vaishnaw, attending the summit, emphasized the global efforts to regulate AI to mitigate its risks. He stated, “The potential of AI and the corresponding techno-legal steps that societies need to take to contain the risks have been deliberated. Today, we are holding a conference where the experience of the last one year will be discussed, and as you are aware, in many countries, lots of activity related to containing the risks related to AI has happened. There is a regulation… already a law has been passed in the EU. The US has passed an executive order. Globally, the UN has set up a separate body to deliberate about AI. Similarly, many countries are thinking of how to contain the risks. So, this will be one of the major focus of this summit.”
Open AI VP Srinivas Narayanan Praises India’s AI Advancements
Open AI VP Srinivas Narayanan addressed the summit, acknowledging India’s significant contributions to AI development. He said, “We have been developing a growing habit on a leadership team to keep learning from India. We’re keeping India in mind in whatever important decisions we are making… In the last decade, the entire field has witnessed huge progress in AI. In the last five years, we’ve seen huge progress in our ability to build generally intelligent models. We launched GPT just 1.5 years ago. We thought it would be a low-key research preview, but in the last 18 months, we have seen that people are using it in transformative ways, and it’s impacting people’s daily lives, including here in India. This has created a new interface to computing… When you have generally intelligent systems, people are able to put them to use in lots of different applications… We are seeing AI being used in lots of new industries across the world… AI has already added speed and dynamism to the already dynamic entrepreneurial ecosystem in India. Entrepreneurs understand market gaps. They are building innovative products… We’re reducing the cost of intelligence, enabling developers to write code and helping them create completely conversational and natural interfaces to computing…”
Focus on Responsible AI Development
The Global AI Summit 2024 is not just a meeting of minds but a critical juncture for deliberating on the ethical and legal implications of AI. With countries around the world, including the EU and the US, taking legislative steps to regulate AI, the summit serves as a platform for discussing best practices and collaborative efforts to ensure AI benefits society while minimizing risks.
India’s Role in the Global AI Landscape
With worldwide leaders praising India’s innovative advancements, the nation’s influence in the AI space is only increasing. In order to create an atmosphere where technology innovations can flourish ethically, the summit highlights India’s ability to lead the way in AI development and administration.
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