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Development Of AI Has Raised Questions About Responsibility: Industry Leaders

Inc42 · 1y

Industry leaders discussing responsible AI practices and its impact on the job market highlighted the need for regulations and data privacy at Inc42's GenAI Summit in Bengaluru. While AI has the potential to improve lives, questions regarding responsible and ethical use of AI-driven systems have arisen. Panelists from MakeMyTrip, LimeChat, and Darwinbox emphasized the importance of trustworthy data and understanding AI outcomes. The debate of AI replacing jobs was also addressed, with the consensus that AI will work alongside humans and create new job opportunities. The GenAI sector in India is experiencing significant growth with over 100 startups raising more than $600 million since 2019.