INDIAai launched the Generative AI Report

INDIAai launched the Generative AI Report

• 💥INDIAai, the Government of India's National AI Portal, conducted various studies and discussions with experts in Generative AI, AI Policy, Governance, Ethics, and academia to explore its impact and opportunities in India. Artificial intelligence has been around for decades, but the increasing popularity of Generative AI tools like Chat GPT and Midjourney, along with tech giants incorporating these models, has made AI, especially Generative AI, significantly influential in our daily lives and beyond.

• 💥Generative AI technologies like GPT-3 and DALL-E-2 have seen explosive growth, and experts predict that they will drive AI innovation and investment in the next decade. Investment in AI is expected to reach $422.37 billion by 2028 at a compound annual growth rate of 39.4%.

• 💥Generative AI technologies are viewed as the future of generating content like text, images, and code, offering cost-effective and high-value solutions. They can produce results that are sometimes indistinguishable from human creations. However, due to their rapid advancement, the potential risks they pose are still being explored. China has taken legal measures to mitigate these risks, including watermarking the output, auditing algorithms, and seeking user approval for data usage in training these models.

• 💥Generative AI models can have a wide-ranging socioeconomic impact, posing potential risks to our country's unity and national fabric. Ensuring ethical and responsible use of these models becomes crucial. Additionally, concerns arise over the rights, attribution, and intellectual property of AI-generated works that imitate individual human creators, adding further ethical complexities.

• 💥INDIAai organized a series of roundtable discussions to address concerns related to Generative AI. The first roundtable, held on January 31, 2023, reviewed the current state of Generative AI and its growing significance. The second roundtable, conducted on February 28, 2023, delved deeper into ethical challenges and the need for regulatory frameworks. The third roundtable, held on April 24, 2023, explored the economic implications and potential transformative impact of Generative AI on various sectors of the Indian economy.

• 💥The outcomes, insights, and analysis derived from the Roundtables and INDIAai's research on the impact of Generative AI in India will be compiled into a comprehensive report. This report aims to offer valuable information for policymakers, entrepreneurs, academicians, and students, helping them understand the implications of Generative AI and make informed decisions in their respective domains.

Published By :INDIAai
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