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News on Medial
AI summit a start but global agreement a distant hope
Economic Times
·
1y ago
Medial
British Prime Minister Rishi Sunak hosted the first AI safety summit, where leaders discussed the regulation of AI. Two key outcomes were the signing of the Bletchley Declaration by 28 nations and the announcement of AI safety institutes by the US and UK. However, disagreements remain over how to regulate AI and who should lead such efforts. Concerns were raised about too much power and data being held in one country, and the potential risks of open-source AI. Achieving a global agreement on AI regulation seems distant.
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Britain’s Big AI Summit Is a Doom-Obsessed Mess
Wired
·
1y ago
Medial
The UK government is hosting a global summit on AI governance but its flagship initiative, a voluntary global register of large AI models, seems toothless as it relies on the goodwill of US and Chinese tech giants. The summit is criticized for its narrow focus on AI-driven cataclysm, overlooking the broader risks and potential of AI technology. Many British AI experts and executives feel excluded from the event, while the government is accused of lacking domestic AI regulation and not doing enough to support its own AI industry. The summit is seen by some as a political move by Prime Minister Rishi Sunak to boost his profile.
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Behind the term sheets: Prime, Lightspeed, Together, and pi Ventures take on the AI ‘hype vs real’ debate at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
·
1m ago
Medial
The ET Soonicorns Summit 2025 in Bengaluru will focus on AI investments in India, spotlighting the debate between foundational and applied AI solutions. Key venture capitalists, including representatives from Prime, Lightspeed, and pi Ventures, will discuss whether current investments fuel genuine AI innovation or chase hype. India's AI sector faces a funding decrease, but deal numbers have risen, indicating robust interest. The summit seeks to guide strategic investment in AI startups aiming for global competitiveness.
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Don’t let regulation fall behind innovation, urges MoS IT Rajeev Chandrasekhar
Economic Times
·
1y ago
Medial
In his UK visit, the Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, highlighted the importance of not allowing regulation to lag behind innovation, particularly in the context of AI and its potential negative impacts. India aims to establish a comprehensive framework for AI regulation in the upcoming December summit, building on the Bletchley Declaration and the Global Partnership on AI (GPAI). The agreement signed by 29 countries emphasizes the need for collaborative efforts in identifying and mitigating risks associated with AI.
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MeitY To Host Global IndiaAI Summit With Eye On Ethical And Inclusive AI Growth
Inc42
·
1y ago
Medial
The Global IndiaAI Summit 2024 will bring together AI experts from various sectors to discuss important issues and challenges in the field. The summit will focus on advancing AI development in areas such as compute capacity, foundational models, datasets, application development, future skills, startup financing, and safe AI. The goal is to position India as a global leader in AI innovation, ensuring equal access to its benefits and promoting socio-economic development throughout the country.
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FTA with India brings 'genuine' competitive advantage, UK Parliament told
Economic Times
·
1m ago
Medial
The Free Trade Agreement (FTA) between India and the UK grants the UK a competitive edge in the manufacturing sector, according to UK Business and Trade Secretary Jonathan Reynolds. The pact, expected to enhance bilateral trade by GBP 25.5 billion annually, is hailed as the best deal India has offered. The agreement significantly reduces tariffs, promoting economic growth and investment. The upcoming UK-India Week will further spotlight these developments as part of the India Global Forum summit.
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Indian VC Shake-Up: Taking Note Of Top-Level VC Exits This Year
Inc42
·
7m ago
Medial
In 2023, the Indian investor ecosystem was in chaos, but now there is hope for a resurgence. Despite partner exits at VC firms, the potential for lucrative returns has attracted attention to the Indian startup IPOs. Additionally, many partners and senior executives have left their positions at VC firms to start their own funds, which has made capital more accessible to Indian founders.
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Accel's Cybersecurity Summit on Jul 30 to focus on AI threats, building global security startups
YourStory
·
20d ago
Medial
The Accel Cybersecurity Summit on July 30 in Bengaluru will address AI-driven threats and aim to establish India as a global cybersecurity innovation hub. It will feature CISOs, cybersecurity founders, cloud architects, policymakers, and investors. The summit will serve as a platform for early-stage security products, with collaborations aimed at developing intelligent, AI-resilient solutions. Workshops, panels, and sessions will explore AI challenges, zero-trust architectures, and global scaling strategies, emphasizing India's potential in cybersecurity.
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Infosys terminates $1.5 billion AI deal with global client
Livemint
·
1y ago
Medial
Infosys has terminated its $1.5 billion agreement with a global company focused on artificial intelligence (AI) solutions. The agreement was signed in September for a 15-year period. The global company has chosen to terminate the Memorandum of Understanding, and the parties will not proceed with the Master Agreement.
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Switzerland, EFTA nations to invest USD 100 Billion in India over 15 Years says Consul General of Switzerland
Livemint
·
5m ago
Medial
Switzerland and other EFTA nations plan to invest USD 100 billion in India over 15 years as part of a Trade and Economic Partnership Agreement (TEPA). Martin U Maier, Switzerland's Consul General in Mumbai, highlighted this during the Global Investors Summit in Bhopal. The initiative aims to boost economic collaboration and encourage Swiss companies to expand in India. Despite global competition, India is becoming a key hub for Swiss business activities and supply chains.
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China accepts invitation to AI summit in Britain: deputy UK PM Oliver Dowden
Economic Times
·
1y ago
Medial
China has accepted Britain's invitation to attend a global summit on artificial intelligence, according to Deputy Prime Minister Oliver Dowden. The summit aims to address the risks associated with AI and promote its safe development, bringing together representatives of AI companies, political leaders, and experts. While China has accepted the invitation, participation from other countries is still being confirmed.
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