Artificial Intelligence (AI) is expected to change the face of the world as far as economic transformation is concerned. However, along with the many positives, there are a huge number of negatives that will cost humanity all the benefits and, in fact, it is widely feared that it could even trigger Armageddon. In this scenario, many AI leaders put their faith in countries coming up with some proper AI regulations. Now, Microsoft CEO Satya Nadella has emphasized the importance of the two countries, India and the US, collaborating to shape the rules of governance so that only good prevails. Nadella added that a “consensus” on AI is needed not just by these two leading countries, but also at multilateral levels. Nadella was addressing a gathering of business leaders from consultancies, legal firms and information technology companies.
“I think it's imperative that India and the United States in particular are able to work together on what the rules are, what the rules are, instead of breaking them down,” Nadella said.
He said it was also necessary to ensure the rapid “diffusion” of technology, which would help the world have an “equal distribution of economic growth”. Currently, Nadella is in India and he insists that new-age technology can “equally distribute” growth. And for that, a huge effort has to be spent to adequately skill the workforce in India. And in this regard, Nadella said that Microsoft will provide expertise in AI to 20 lakh Indians by 2025. The skills thus imparted will ensure that the workforce “thrives”, he said.
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Nadella pointed out that this new technology would help boost GDP growth in India and called it one of the world's high growth markets. He cited some data to back up this claim from the Ministry of Electronics and Information Technology (Meity) which said that AI GDP will be USD 500 billion by 2025 and the total GDP will be USD 5 trillion.
The Microsoft CEO said that efforts are being made to increase power generation from renewable sources, India also needs to focus on grid stability, and technology also plays an important role in this.
Nadella listed several companies in India that are jumping into AI and they include Tata Group's Air India, cigarette maker ITC, textiles player Arvind, Infosys and HCL Technologies. All of them are using AI tools for organizational initiatives, he said. Nadella added that building your own AI applications is not easy.
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