Reliance Industries (RIL) Chairman Mukesh Ambani on Monday said that the time is ripe for India to become a world leader in artificial intelligence (AI) and the tools are also ready to make the country lead globally in the field.
Speaking at ‘RAISE 2020’, a virtual summit on AI organised by the Ministry of Electronics and IT and NITI Aayog, the RIL Chief termed intelligent data as ‘digital capital’ and said that in the coming decades nations will increasingly compete on digital capital.
“India has the unique advantage to harness its enormous digital capital for AI-driven development, which is bottom-up and inclusive. This is because of our twin strengths of democracy and demography,” he said.
He exuded confidence that the government will introduce a sound data regulation framework to protect this national resource and ensure data privacy.
“Therefore, the time is ripe, and the tools are ready to make India a world leader in Artificial Intelligence, and to make AI work for all Indians,” Ambani said.
He noted that the crucial components are in place to make India a premier ‘digital society’.
India’s economy and society will together generate data at an explosive and exponential rate, he said.
Stressing on the significance of Artificial Intelligence (AI) and India’s growing role in the segment, Prime Minister Narendra Modi on Monday cautioned against weaponisation of AI by “non-state actors”.
In his address at the inaugural session of ‘RAISE 2020’, a virtual summit on AI, Modi said that using AI properly remains a collective responsibility.
“It remains our collective responsibility to ensure trust in how AI is used. Algorithm transparency is key to establishing this trust. Equally important is accountability. We must protect the world against weaponisation of AI by non-state actors,” he said.
Non-state actors generally refer to organisations and individuals that are not affiliated with, directed by, or funded through any government.
Modi also stressed that despite the growing significance of AI, human creativity and human emotions continue to be humanity’s greatest strength.
“They are our unique advantage over machines,” he said.
Emphasising on the govenrment’s push towards technology and AI, the Prime Minister said: “We want India to become a global hub for AI. Many Indians are already working on this. I hope many more do so in the times to come.”
He said that AI can play a major role in agriculture, creating next generation urban infrastructure and making disaster management systems stronger.
Modi also said that the National Educational Technology Forum is being formed, which will create an ‘e-Education’ unit to boost the digital infrastructure, digital content and capacity.
Reliance Industries Ltd (RIL) Chairman Mukesh Ambani said on Monday that AI and other associated technologies of the 4th Industrial Revolution will vastly expand the capacity to solve most complex and pressing problems before India and the world.
In his address at the inaugural session of Responsible AI for Social Empowerment (RAISE 2020) global summit, organised by the Indian government, Ambani said artificial intelligence is indispensable for India’s tryst with her digital destiny.
“In the past, nations have competed on physical capital, financial capital, human capital and intellectual capital. But, in the coming decades… nations will increasingly compete on Digital Capital,” he said.
Ambani said India has the unique advantage to harness its enormous Digital Capital for AI-driven development, which is bottom-up and inclusive.
“We are confident that the government will introduce a sound data regulation framework to protect this national resource and ensure data privacy,” he said.
He said the time is ripe, and the tools are ready to make India a world leader in Artificial Intelligence, and to make AI work for all Indians.
“In the coming decades, the total non-biological intelligence will exceed the rational intelligence of the entire human population. But this does not mean that AI will replace the human mind. It never can. It never will,” Ambani said.
“Rather, AI and other associated technologies of the 4th Industrial Revolution will vastly expand our capacity to solve most complex and pressing problems before India and the world,” he added.