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Need guardrails to support ethical AI development, say leaders at Nasscom event

Economic Times

Economic Times · 1y ago

Need guardrails to support ethical AI development, say leaders at Nasscom event

Global leaders and policymakers have emphasized the need to establish ethical guidelines and regulations for the responsible development and use of artificial intelligence (AI) technology. Prime Minister Narendra Modi, while addressing the Nasscom Technology and Leadership Forum, stressed the importance of ensuring transparency and aligning AI with democratic values. Speakers at the event also discussed the potential negative consequences of AI misuse due to various interests and values. The Indian AI market is projected to reach $17 billion by 2027, with an increasing demand for AI talent. Collaboration on AI policy development globally was also advocated during the event.

Related News

ET Soonicorns Summit 2024: Can AI ever be ethical?

Economic Times

Economic Times · 10m ago

ET Soonicorns Summit 2024: Can AI ever be ethical?

The ET Soonicorns Summit 2024 in Bengaluru discussed the ethical implications of AI and its role in India's AI policy and global regulations. The discussion revolved around the cost of ethical AI and the need for transparency in training data. The idea of AI cities, where AI models can be tested for safety and ethicality, was proposed. It was emphasized that AI companies need to prioritize guardrails and data sanctity. India's regulatory approach was considered relaxed to allow for more learning and involvement before establishing an ethical framework.

Global Delegates join forces to strengthen Startup Mahakumbh

Inshorts · 4m ago

Global Delegates join forces to strengthen Startup Mahakumbh

Key delegates from across the globe gathered at Vanijya Bhawan to expand Startup Mahakumbh worldwide. Supported by DPIIT, FICCI, and NASSCOM, the event focused on global collaboration. With 11 sector-focused pavilions, it aims to boost startup growth and investment. Startup Mahakumbh is a major event uniting startups, investors, and industry leaders to drive innovation and entrepreneurship.

From algorithms to unicorn ambitions: The AI scale blueprint for India’s startups to be unveiled at ET Soonicorns Summit 2025 - The Economic Times

Economic Times

Economic Times · 2d ago

From algorithms to unicorn ambitions: The AI scale blueprint for India’s startups to be unveiled at ET Soonicorns Summit 2025 - The Economic Times

The ET Soonicorns Summit 2025 in Bengaluru will focus on the pivotal role of artificial intelligence in transforming soonicorns—high-potential startups—into unicorns. The event will discuss AI investments, the development of Indian large language models, job impacts, and ethical considerations, providing a roadmap for AI-driven startups. With India hosting 121 unicorns, the summit will cover AI's contribution to scaling startups, culminating in discussions about India's ability to challenge global AI leaders.

Excessive focus on governance a hindrance to AI progress: panel

Economic Times

Economic Times · 1y ago

Excessive focus on governance a hindrance to AI progress: panel

Governance of artificial intelligence (AI) has become too much of a focus for large companies, hindering experimentation and progress in the field, according to experts at the Nasscom Technology and Leadership Forum. They argue that there is a need to move beyond abstract discussions and address specific concerns around security. While the ethical use of AI is important, the panel suggests that the fear-driven narrative and abstract concepts surrounding AI need to be replaced with a more positive and specific approach. The experts also highlight the importance of developing AI startups in India and investing in data infrastructure.

Startups Must Adhere To Self-Regulating Ecosystem: Amitabh Kant

Inc42 · 1y ago

Startups Must Adhere To Self-Regulating Ecosystem: Amitabh Kant

The first-ever 'Startup Mahakumbh' event brought together startups, investors, incubators, accelerators, and industry leaders in India. Former CEO of NITI Aayog, Amitabh Kant, highlighted the need for a self-regulating ecosystem among startups to ensure transparency and ethical behavior. Kant mentioned challenges faced by leading startups in terms of regulations and financial management. Over 1,000 startups, 1,000 investors, 500 incubators and accelerators, 5,000 conference delegates, and 40,000 business visitors participated in the event, which included sessions on various sectors such as AI, agritech, fintech, and D2C.

Taiwan president tells Pope Francis she supports his AI concerns

Economic Times

Economic Times · 1y ago

Taiwan president tells Pope Francis she supports his AI concerns

The article discusses how the President of Taiwan expressed her support for Pope Francis' concerns about artificial intelligence (AI). During a meeting at the Vatican, the President reiterated her commitment to promoting ethical guidelines for AI development to ensure its responsible and beneficial use. This highlights the growing global attention towards addressing the ethical implications and potential risks associated with AI technology.

Governments, firms should spend more on AI safety, top researchers say

Economic Times

Economic Times · 1y ago

Governments, firms should spend more on AI safety, top researchers say

Top AI researchers have called for governments and companies to allocate at least one-third of their AI research and development funding towards ensuring the safety and ethical use of AI systems. The letter, signed by renowned AI experts, stated that governments should also make companies legally liable for harms caused by AI systems. Currently, there are no comprehensive regulations focusing on AI safety. The call comes ahead of the international AI Safety Summit in London.

Researchers say guardrails built around AI systems are not so sturdy

Economic Times

Economic Times · 1y ago

Researchers say guardrails built around AI systems are not so sturdy

The researchers from Princeton University, Virginia Tech, Stanford University, and IBM have highlighted concerns about the guardrails implemented to prevent AI systems from generating harmful content. The research suggests that while companies attempt to curb the misuse of AI, the complexity of chatbot technology makes it challenging to contain their behavior. OpenAI's release of the AI chatbot ChatGPT and Meta's open-source AI technology have sparked a debate on the privacy of AI code. Furthermore, fine-tuning AI systems for specific purposes may remove guardrails, enabling the generation of toxic material.

Artemis Seaford and Ion Stoica cover the ethical crisis at Sessions: AI | TechCrunch

TechCrunch · 1m ago

Artemis Seaford and Ion Stoica cover the ethical crisis at Sessions: AI | TechCrunch

Artemis Seaford, Head of AI Safety at ElevenLabs, and Ion Stoica, co-founder of Databricks, will speak at TechCrunch Sessions: AI, addressing ethical challenges in AI. Seaford focuses on media authenticity and safety, while Stoica offers insights into scalable AI infrastructure. Together, they’ll discuss embedding safety into AI development, examining industry and regulatory roles. The event aims to provide a comprehensive exploration of AI’s future with insights from top technologists and researchers.

Silicon Valley's elite are moralizing about the future of AI

Business Insider

Business Insider · 1y ago

Silicon Valley's elite are moralizing about the future of AI

The lawsuit between Elon Musk's Neuralink and OpenAI has sparked a debate about the future of artificial general intelligence (AGI) and the role of open versus closed models. Musk argues that OpenAI has strayed from its mission to benefit humanity and instead prioritizes profits. The clash has led to discussions about the ethical implications and national security considerations of AI development. Silicon Valley leaders, including Marc Andreessen and Vinod Khosla, have expressed their opinions on the matter, highlighting the need for transparency and the involvement of a larger community in AI development. The outcome of the legal battle will have significant implications for the AI industry as a whole.

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