New Delhi, Feb 17 (IANS) Union Minister Ashwini Vaishnaw stated on Tuesday that the five-day AI Impact Summit presents a distinctive opportunity for India’s technologically adept youth to develop solutions for worldwide challenges. He also expressed pride in hosting the largest gathering of technology leaders related to Artificial Intelligence (AI).

Speaking to the media, the Union Minister for Electronics and Information Technology said the AI Summit offers a huge investment opportunity, and India is likely to draw investments of more than $ 200 billion over the next two years.

He credited Prime Minister Narendra Modi for “democratising” the technology with his vision, stating that the focus of the five-day AI Impact Summit is to tackle the diverse challenges faced by India’s large population and to seek comprehensive solutions.

Speaking to IANS, Ashwini Vaishnaw said that global leaders, tech gurus from within and across the globe, have congregated at the AI summit, and together they will deliberate, discuss and develop tech-based solutions for the host of problems plaguing the world today.

He said that India’s youth have a ‘unique and golden’ opportunity to contribute to shaping the world of Artificial Intelligence (AI) by making innovative solutions in the field of deep-tech and shaping the digital world worldwide.

Describing the ongoing summit as the biggest AI Summit, he said that the country’s youth are filled with energy and enthusiasm and are raring to make a mark with their expertise and endeavour.

“India’s youth are tech-savvy; they adapt to new technology. They should harness the potential of AI and related tools and build solutions while sticking to the highest ethical standards,” he added.

The Union Minister also advocated for strong and robust regulatory mechanisms to ensure that the technology is not misused and remains limited to larger human good.

Acknowledging the threat posed by deepfakes, he said that the problem was growing day by day and informed that the government has started a dialogue with the industry on controlling this.

Earlier in the day, PM Modi shared highlights from the ongoing AI Impact Expo, calling it a convergence of “ideas and intent”.

Notably, many heads of state, along with ministerial delegations from more than a dozen countries, have arrived in the capital to participate in the AI Summit. With global leaders and tech giants in attendance, the Summit holds promise for fostering multiple partnerships, thereby reinforcing India’s role in the evolving landscape of technology and governance.

–IANS

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