LI Network
Published on: 11 June 2023 at 19:49 IST
Sam Altman, the CEO of OpenAI, a company specializing in artificial intelligence technologies and the creator of ChatGPT, met with Prime Minister Narendra Modi in New Delhi to discuss the importance of global regulation in the field.
Altman is currently on a tour of six nations, including India, Israel, Jordan, Qatar, the UAE, and South Korea. In a session at IIIT Delhi, Altman highlighted the discussions on the potential opportunities for India and the necessary steps the country should take in the field of artificial intelligence.
During his visit to India, Sam Altman, CEO of OpenAI, emphasized the need for global regulation in the field of artificial intelligence (AI). Altman stated that his company has been engaging in self-regulation and ensuring the safety of their AI technologies.
They have spent extensive time testing and setting limits for their models, involving collaboration with external organizations. Altman stressed the importance of coordination and self-regulation among AI companies to avoid leaving the responsibility solely in their hands.
Altman expressed his admiration for the quality of Indian startups and discussed his plans to support and fund startups in the country.
He acknowledged India’s strong IT industry and the vast potential for AI-based solutions, especially given the country’s large amount of available data. Altman’s discussions with Indian startups focused on leveraging AI to accelerate digital transformation and empower citizens.
Prime Minister Narendra Modi thanked Altman for the insightful conversation and acknowledged the significant potential of AI in enhancing India’s tech ecosystem, particularly among the youth.
The government shared data from NASSCOM, indicating that India has around 416,000 professionals employed in the AI sector, with an estimated growth rate of 20-25 percent. Furthermore, AI is projected to contribute an additional $957 billion to India’s economy by 2035.
While AI technologies have been adopted worldwide to improve service delivery and reduce human intervention, concerns about potential job cuts persist as the technology continues to evolve.