siliconindia | | FEBRUARY 2024 9balance can lead to transformative improvements without compromising transparency and accountability, important to effective corporate governance".AI's Role in Global CompetitivenessToday's AI landscape undergoes a transformative moment with the sudden leap forward in generative AI technology. IBM, a frontrunner in AI innovation, introduces Watsonx, a next-generation AI platform. Leveraging foundation models, Watsonx offers self-service access to high-quality data, empowering diverse users to collaboratively build generative AI models and traditional machine learning systems. Components like watsonx.ai, watsonx.data, and watsonx.governance aim to make AI accessible, transparent and trustworthy. Infusing foundation models into core AI and automation products, IBM envisions a future where AI is powerful, transparent and available to all.Artificial Intelligence (AI) is rapidly influencing various aspects of our lives, becoming a strategic priority for governments globally. While AI holds the potential to bring significant benefits to both individuals and societies, it also poses ethical and legal challenges related to privacy, non-discrimination and safety. Governments worldwide are adapting their policies to address these concerns, with recent updates from the US, UK, China and the EU. China, notably, has implemented comprehensive regulations on generative AI models, aiming to mitigate associated risks and enforce compliance obligations. In the US, major AI companies have voluntarily committed to implementing watermarking on AI-generated content for safety. The UK proposed a new AI rulebook to enhance public trust, but it labeled AI as a national security threat. Even smaller nations like Australia and Pakistan are introducing AI regulations, allowing AI in schools and finalizing the country's first AI policy, respectively. As AI becomes more accessible globally, governments are navigating its challenges and harnessing its benefits in various sectors.Empowering India through Generative AIGenerative AI is making a big impact in India, and it's not just about the inspiring launches that we hear about. Take LawBot Pro, for example ­ it shows how this AI helps make things more accessible using human-likes language. ChatGPT, a popular AI tool, has hit 100 million users worldwide, showing how everyone's recognizing the changes it brings. People think the generative AI market will grow a lot, reaching USD 51.8 billion by 2028, and it might add a whopping USD 7 trillion to the world's money while making things work 1.5% better in the next ten years. In India, we're using tailor-made generative AI tools like KissanGPT for farming, PolicyGPT in insurance, GitaGPT for our cultural stuff and BharatGPT to help with languages. These tools aren't just elaborate ­ they're helping our country grow and come up with new ideas in different areas. Some tools, like Jugalbandi, are making sure everyone gets a chance to use AI, helping out folks who usually don't get much attention. But, we've got to be smart about it ­ using AI responsibly and working together is key to dealing with the important issues that come with it.DisclosureIndia, with its growing AI ecosystem, stands at the forefront of leveraging generative AI for economic growth, innovation and inclusivity. The transformative solutions offered by generative AI for governments globally sign a new era of efficiency, accessibility and innovation, paving the way for advancements in service delivery and policymaking. As we peer into the future, the responsible use of generative AI and collaborative efforts will be key in unlocking its full potential, addressing ethical considerations and shaping a brighter and more inclusive future for all.
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