On Thursday, Sam Altman, CEO of OpenAI, the firm behind ChatGPT, met with Prime Minister Narendra Modi in New Delhi.
This week, Mr. Altman is traveling to six countries. In addition to India, he was scheduled to visit Israel, Jordan, Qatar, the UAE, and South Korea.
Mr Altman said they discussed the AI opportunities in front of the country during a session at IIIT Delhi.
In addition, Altman stressed the need for global regulation, which prevents some of the downsides.
According to Mr Altman, his company is currently self-regulating.
The GPT project took almost eight months to complete. We built the technology, worked with organizations to figure out what limits should be set and tested them all. We do believe that coordination is important. So self-regulation is important. That’s something we’re trying to provide. “The world shouldn’t be left entirely in the hands of companies,” Mr Altman said during the session.
According to Mr Altman, the first thing he will do in India is fund startups.
The quality of Indian startups always amazed and impressed him, he said, adding that he had met some of them.
AI-based utilities can leverage huge potential in India due to the country’s strong IT industry and a large data set. AI, however, is still in its infancy.
It was a pleasure to speak with you @sama. AI can have a great deal of impact on India’s tech ecosystem, especially among its youth. In his tweet, PM Modi said, “We welcome all collaborations that will accelerate our digital transformation so that our citizens can be empowered.”
In February this year, the government cited NASSCOM data to estimate the overall AI employment in India at 416,000. It is estimated that the sector will grow at a rate of 20-25 percent.
By 2035, AI is expected to contribute USD 957 billion to the Indian economy.
In many nations around the world, AI technologies are being used to improve service delivery and reduce human intervention, but job losses remain a concern.