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5 Things about AI you may have missed today: India’s AI potential, Samsung rushes into medical AI, and more

AI roundup: India is embracing new technologies such as AI with full force. By acknowledging the efforts, Prime Minister Narendra Modi said that the country will be leading the world in AI. In other news, Samsung and Deloitte invested in Medical AI Startup PocketHealth to explore how AI could boost the healthcare sector. Check out more news about AI from today, March 20, 2024.1. PM Narendra Modi on the potential of AI in India PM Modi, while addressing the Startup Mahakumbh event, highlighted India's capabilities to lead…

Excessive focus on regulation will hamper India’s AI potential: Nasscom chief

India's potential in artificial intelligence will be hindered if there is excessive focus on regulation, Debjani Ghosh, president of technology industry body Nasscom, said on Friday.“The best way to distract the government is to get them focused on regulation. It will take them years and years to figure out what to do and how to do it,” she said at an event in New Delhi.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied…

Gen AI technology: Generative AI can add cumulative $1.2-1.5 trillion to India’s GDP by FY30: EY

Generative artificial intelligence (Gen AI) has the potential to add a cumulative USD 1.2-1.5 trillion to India's Gross Domestic Product over the next seven years, according to a report by EY India.The report, titled 'The AIdea of India: Generative AI's potential to accelerate India's digital transformation', provided insights into the industry's preparedness and challenges in embracing Gen AI. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern UniversityKellogg Post Graduate…

AI has power to create a 3-day work week says Microsoft co-founder Bill Gates

The impact and potential of artificial intelligence have always been a part of the conversations where many experts believe it could overpower humans. Others have speculated that AI capabilities and intelligence will take away half of the jobs. However, Microsoft co-founder Bill Gates, in a podcast, said that AI will not take jobs, but will "change it forever." Know more about the podcast and what comments Gates made about AI and a 3-day work week.Will AI create a 3-day work week?Bill Gates recently appeared on Trevor…

Elon Musk and Jane Fraser Are Just Some of the CEOs Hoping to Woo China’s Xi

Executives from Microsoft Corp., Citigroup Inc., Exxon Mobil Corp. and other large multinationals are converging on San Francisco this week for an audience with Chinese President Xi Jinping and other Asian leaders as long-frosty US-China relations show only tentative signs of warming.For many corporations, the agenda is simple: They're ready to get back to business. A CEO summit on the sidelines of the Asia-Pacific Economic Cooperation meeting will coincide with the most challenging trade climate in a generation.…

AI holds massive potential for malicious use, but who will be held accountable?

While generative AI is rapidly advancing, it also raises concerns about its potential to be used maliciously. Generative artificial intelligence (AI) models may be susceptible to bias, as they learn patterns and generate output/predictions based on the data they are trained on. If the training data is biased or incomplete, the model's output can also be incorrect/biased. Also, given that AI language models can generate human-like text and can be trained to impersonate the writing style of humans, there are also serious…