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India strengthens its bond with Guyana through cultural heritage and fintech-driven collaboration.

India is entering new era with AI, says PM Modi at GPAI Summit 2023

December 12, 2023
in Fintech
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Prime Minister Narendra Modi on Tuesday evening inaugurated the Global Partnership on Artificial Intelligence (GPAI) Summit, at Bharat Mandapam, New Delhi. Speaking at the event, PM Modi said that we are entering a new era with AI. He added that India is a key player in AI talent and new ideas related to it.

“We are seeing a highly enthusiastic AI innovation spirit in AI,” he said. The PM further added that  the country is fully committed to the responsible and ethical use of AI and informed that the AI Mission will be launched in India to support the startups and innovators of the country. 

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Meanwhile, it can be known that India, as the Incoming Support Chair of GPAI, stands at the forefront, hosting the summit from December 12-14, 2023. The GPAI Summit began today and unites representatives from 28 member countries and the European Union, forging an extraordinary platform for profound discussions on the urgent matters shaping the ever-evolving landscape of Artificial Intelligence (AI).

With a laser focus on healthcare, priority sectors, and responsible AI, the morning sessions showcased the insights of over 25 speakers hailing from diverse countries and fields. In this intellectual tapestry, multiple parallel sessions addressed a myriad of pressing topics, setting the stage for a summit of unprecedented significance.

The morning session of the day, titled ‘Applications of AI in Priority Sectors,’ focused on the challenges and opportunities in the adoption of AI by industries to enhance competitiveness, explore the market potential of AI and promote its uptake across sectors. Keynote speakers included Vijay Shekhar Sharma, CEO of Paytm and Nivruti Rai, MD & CEO of Invest India. 

During the session, the discussion emphasized that Protein Identification and quantification from mass spectrometry data, combined with other omics data, is the solution for creating artificial proteins. The success of AI-powered Farm Assessment (Khet Score) and Monitoring (Khet Score Now), an AI-led historical farm assessment with live monitoring for early risk identification, which outperformed traditional lending bank scores, was discussed. 

The second parallel session on the ‘Responsible AI Working Group’ centered on deliberations about scaling responsible AI solutions in 2023 and the challenges associated with building AI solutions responsibly. Discussions encompassed the ‘COMPREHENSIV – At Home Universal Primary Health Care’ project, which focuses on Global Health, and the Sandbox for Responsible AI Public Procurement. While, the third session of the morning, ‘AI and Global Health: Role of AI In Advancing Healthcare,’ deliberated on the role of AI in advancing healthcare.

Tags: AIartificial intelligenceFintechGPAI SummitPM Narendra Modi

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