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Excessive focus on regulation will hamper India’s AI potential: Nasscom chief
Economic Times
·
1y ago
Medial
Nasscom President, Debjani Ghosh, warns that excessive focus on regulation could hinder India's AI potential. She suggests that getting the government distracted with regulation will delay progress. Ghosh emphasizes the need to think about deploying AI at scale, rather than being driven by fear. While acknowledging the importance of a governance framework, she believes that regulations should adapt to the rapidly changing nature of AI and advocates for embracing the regulatory sandbox approach as mainstream regulation.
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India to focus more on AI applications unlike West: Debjani Ghosh
Economic Times
·
1y ago
Medial
India's approach to artificial intelligence (AI) regulation differs from Europe and the US, with a focus on AI applications rather than building large language models, according to Debjani Ghosh, president of IT industry body Nasscom. A committee set up by Prime Minister Narendra Modi has completed a study on regulatory approaches and recommended a different approach that may involve tweaking existing regulations instead of regulating the technology itself. Ghosh also emphasized the need to focus on applied AI, rather than just building AI models, to achieve India's goals in the field.
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Zee partners with NASSCOM to propel generative AI startups in India
IndianStartupNews
·
1y ago
Medial
Zee Entertainment Enterprises Ltd. has formed a strategic partnership with NASSCOM to support the Generative AI Foundry program. The initiative aims to foster innovation and growth in the startup ecosystem, particularly in the field of artificial intelligence. ZEE's Technology and Innovation Centre will focus on developing generative AI solutions for the Indian media and entertainment sector. The collaboration aims to integrate advanced AI technologies into the industry, revolutionizing consumer experiences. A recent workshop brought together 14 startups from the NASSCOM program to identify areas of interest and potential partnerships.
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US removes ‘safety’ from AI Safety Institute
The Verge
·
2m ago
Medial
The US Department of Commerce has rebranded its AI Safety Institute to the Center for AI Standards and Innovation (CAISI), shifting focus from general safety to addressing national security risks and opposing excessive international regulation. Announced by Secretary of Commerce Howard Lutnick, the change aims to boost US innovation and establish AI standards dominance. This move aligns with the Trump administration's broader strategy to accelerate the growth of American AI firms and technologies.
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India's approach to AI regulation is pro-innovation: IndiaAI CEO
YourStory
·
2m ago
Medial
India's AI strategy prioritizes pro-innovation and light-touch regulation to encourage responsible and safe applications benefiting common people, according to IndiaAI CEO Abhishek Singh. Emphasizing extensive consultations to adapt UNESCO's AI readiness assessment to India’s unique ecosystem, the focus is on inclusive, ethical AI solutions, especially for healthcare and agriculture. With rising investments and models, the focus should now shift from discussions to practical, responsible AI deployment, including developing tools to detect bias and deep fakes.
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Former Google CEO warns of ‘Bin Laden scenario’ for AI: ‘They could misuse it and do real harm’ | Mint
Livemint
·
5m ago
Medial
Former Google CEO Eric Schmidt warns of potential AI misuse by rogue states, highlighting a "Bin Laden scenario" where AI could harm innocents. He cautions against North Korea, Iran, or Russia developing harmful AI weapons. While advocating government oversight of AI firms, Schmidt opposes excessive regulation, fearing it may stifle innovation. He supports the U.S. strategy of restricting microchip exports to certain countries, slowing AI advancement to prevent misuse and secure economic growth.
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OpenAI fiasco triggers serious calls for guardrails around AI industry
Economic Times
·
1y ago
Medial
The OpenAI fiasco, involving the dismissal and subsequent return of Sam Altman, has drawn attention to the need for regulating the AI industry. Governments and regulators are now more vocal about implementing guardrails on AI. France, Germany, and Italy have agreed on AI regulation, while businesses and tech groups caution against excessive regulation of foundation models. In India, concerns over deepfakes have prompted the government to give social media platforms a deadline to address the spread of altered audio/video content. The government plans to draft new rules to curb deepfakes and strengthen the reporting process.
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Nasscom anticipates more layoffs across IT services industry in the near term - The Economic Times
Economic Times
·
9d ago
Medial
Nasscom anticipates job cuts in India’s IT sector as AI and automation reshape services, with TCS recently announcing 12,000 layoffs. The shift towards product-aligned delivery models and the demand for agility and innovation are driving this change. Reskilling is crucial, with over 1.5 million professionals trained in AI. The future will favor specialized, deep-domain skills, highlighting the need for workforce transformation to adapt to evolving client expectations and technological advancements.
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MSMEs struggle to adopt AI: Nasscom report
YourStory
·
1y ago
Medial
A recent report by NASSCOM reveals that 72% of micro, small, and medium enterprises (MSMEs) in India are demanding AI training programs for their workforce. The report highlights the challenges and opportunities faced by tech MSMEs in adopting AI. The potential of AI in content creation, marketing, customer engagement, and product development is recognized by over half of the respondents. However, limited awareness, budget constraints, and concerns about data privacy and security hinder AI adoption among MSMEs. The report recommends a focus on MSMEs for increased accessibility and tailored use cases to demonstrate AI's benefits.
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‘AI, quantum pivotal to India’s Mission 2047’: Report
Economic Times
·
5m ago
Medial
A Nasscom and Bain & Company report highlights that advancements in AI, quantum technology, and digital manufacturing are crucial for India to become a developed economy by 2047. Cloud computing and AI will enhance India's IT ecosystem, and developing tech capabilities will transform service delivery. Key sectors include services, electronics, energy, and chemicals. A focus on infrastructure, skill-building, and innovation can position India as a global technology leader, supporting sustainable economic growth and exceeding $23 trillion GDP by 2047.
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Google has appointed a chief AI architect.
The Verge
·
1m ago
Medial
Google has appointed Koray Kavukcuoglu as its chief AI architect. Currently serving as the chief technology officer at Google DeepMind, Kavukcuoglu will focus on integrating AI models with Google’s products to enhance efficiency and speed up development. Despite taking on this new role, he will continue his work as Google DeepMind's CTO. This strategic move aims to streamline the incorporation of AI advancements across Google’s offerings.
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