Everything in place to make India global leader in AI: Mukesh Ambani

RIL Chairman Mukesh Ambani said that the time is ripe for India to become a world leader in artificial intelligence (AI) and the tools are also ready to make the country lead globally in the field

Mukesh Ambani
Mukesh Ambani | Photo: Bloomberg
IANS New Delhi
2 min read Last Updated : Oct 05 2020 | 9:01 PM IST

Reliance Industries (RIL) Chairman Mukesh Ambani on Monday said that the time is ripe for India to become a world leader in artificial intelligence (AI) and the tools are also ready to make the country lead globally in the field.

Speaking at 'RAISE 2020', a virtual summit on AI organised by the Ministry of Electronics and IT and NITI Aayog, the RIL Chief termed intelligent data as 'digital capital' and said that in the coming decades nations will increasingly compete on digital capital.

"India has the unique advantage to harness its enormous digital capital for AI-driven development, which is bottom-up and inclusive. This is because of our twin strengths of democracy and demography," he said.

He exuded confidence that the government will introduce a sound data regulation framework to protect this national resource and ensure data privacy.

"Therefore, the time is ripe, and the tools are ready to make India a world leader in Artificial Intelligence, and to make AI work for all Indians," Ambani said.

He noted that the crucial components are in place to make India a premier 'digital society'.

India's economy and society will together generate data at an explosive and exponential rate, he said.

--IANS

rrb/sn

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :artifical intelligenceMukesh AmbaniReliance Industries

First Published: Oct 05 2020 | 8:59 PM IST

Next Story