What Are the Three Key Objectives of the Upcoming ‘AI Impact Summit’ in Davos?
Synopsis
Key Takeaways
- Impact: Using AI to enhance economic efficiency and productivity.
- Accessibility: Ensuring AI solutions are available for India and the Global South.
- Safety: Developing guidelines and safety measures to mitigate AI risks.
- Investment: Anticipated announcements of significant investments in AI.
- Global Collaboration: Partnerships with leading tech firms to advance AI development.
Davos, Jan 21 (NationPress) The forthcoming AI Impact Summit in New Delhi next month is set with a distinct emphasis on three main objectives, as India increasingly establishes itself as a reliable global partner through its sovereign models, safety frameworks, and robust semiconductor ecosystem, according to Union Minister Ashwini Vaishnaw.
The primary goal of the Summit is impact — examining how AI models, applications, and the entire AI ecosystem can enhance efficiency, boost productivity, and generate a multiplier effect on the economy.
Accessibility is the second key objective, particularly for India and the Global South, Vaishnaw pointed out.
He drew comparisons to India's achievements with UPI and the Digital Public Infrastructure (DPI) stack, suggesting that the world is now looking to India to determine whether a similar, scalable, and affordable framework can be established for AI.
The final objective highlighted by Vaishnaw is safety. He underscored the importance of addressing concerns surrounding AI by instituting suitable guardrails, guidelines, and safety measures. He asserted that India should also develop its regulatory and safety framework for AI.
The AI Impact Summit will attract global leaders and tech innovators, with announcements regarding investments and the launch of India’s AI models.
With nearly 200,000 startups, India ranks among the top three global startup ecosystems. The minister emphasized that 24 Indian startups are engaged in chip design, a challenging area for startups, with 18 having secured venture capital funding, demonstrating strong confidence in India's deep-tech capabilities.
Vaishnaw elaborated on India’s semiconductor strategy, stating that approximately 75% of global chip volume is within the 28nm to 90nm range, which includes applications in electric vehicles, automotive, railways, defense systems, telecom, and a significant portion of consumer electronics.
India aims to master manufacturing in this segment before moving to advanced nodes. Collaborating with industry partners like IBM, India has a well-outlined plan to progress from 28nm to 7nm by 2030, and 3nm by 2032.
Additionally, Vaishnaw met with Google Cloud CEO Thomas Kurian in Davos, where Google reaffirmed its commitment to India’s AI ecosystem, including a $15 billion AI data center in Vizag, Andhra Pradesh, and collaborations with Indian startups. He also discussed social media safety from deepfakes and AI-generated content with Joel Kaplan, Chief Global Affairs Officer at Meta.