ANI
09 Jun 2023, 10:33 GMT+10
New Delhi [India], June 9 (ANI): OpenAI Chief Executive Officer Sam Altman, whose company deals with artificial intelligence technologies and has created ChatGPT, met Prime Minister Narendra Modi here in New Delhi on Thursday and discussed the need for global regulation.
Altman is on a six-nation tour this week. Besides India, he was set to be in Israel, Jordan, Qatar, the UAE, and South Korea.
During a session af IIIT Delhi, Altman said they discussed about the opportunities in front of the country and what the country should do in AI.
"We also felt the need to think about global regulation, which prevents some of the downsides from happening," Altman said.
Altman said that his company was currently doing self-regulation.
"We spent almost 8 months on GPT for making sure that it was safe enough to release. We build the technology, and we have worked with organisations to figure out what the limits should be and tested them all. We do think that coordination is important. So self-regulation is important. It is something that we want to offer. The world should not be left entirely in the hands of the companies," Altman said at the session.
Talking about his plan for India, Altman said that the first thing he will do in India is to fund startups.
"We were always amazed and quite grateful for the quality of Indian startups," he said, adding that he had met some startups in India.
Given India's strong IT industry and a large set of data, AI-based utilities can leverage huge potential in the country. However, AI is still in its early stages.
"Thank you for the insightful conversation @sama. The potential of AI in enhancing India's tech ecosystem is indeed vast and that too among the youth in particular. We welcome all collaborations that can accelerate our digital transformation for empowering our citizens," PM Modi wrote on Twitter.
The government quoting NASSCOM data in February this year said the overall AI employment in India is estimated at about 416,000 professionals. The growth rate for the sector is estimated at about 20-25 per cent.
Further, AI is expected to contribute an additional USD 957 billion to India's economy by 2035.
Many nations the world over have been using AI technologies for better service delivery and to reduce human intervention but fears of job cuts remain as the technology evolves. (ANI).Get a daily dose of Israel Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Israel Herald.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...