Explore Business Standard
Billionaire Mukesh Ambani on Saturday said India must become a world leader in artificial intelligence, but stressed the need for greater empathy in adopting new-age tech. The Chairman and Managing Director of Reliance Industries said the largest Indian corporate is at the "doorstep" of solving India's energy challenge with solar energy and storage solutions. Speaking at an event here on the occasion of the International Human Solidarity Day, Ambani said RIL's telecom arm Jio has catapulted India into the digital mainstream of the world by laying the foundation with its services. "... of course we need AI. We (India) must become world leaders in AI. But above all, we need empathy and compassion even more," Ambani said. "By combining intelligence with empathy, prosperity with purpose, India can present a new model of development to the rest of the world," the richest Indian said. He said there were many "disbelievers" about the telecom business even within RIL. In an apparent refe
Artificial intelligence is a force multiplier in the education sector but unethical use of AI tools for cheating, data and privacy breach is a matter of concern, according to educationist Shishir Jaipuria. Jaipuria, Chairman of the Seth Anandram Jaipuria Group of Educational Institutions, said the purpose of education is to nurture knowledgeable, skilled, conscientious and emotionally strong individuals who go on to make a positive impact on society, but the rat race defeats it and pushes students to take extreme steps. The advent and prevalence of artificial intelligence has been a watershed moment in the history of human progress. AI is not just transforming industries, but also reshaping the jobs of the future. Its integration and application in the education sector will have far-reaching implications," Jaipuria told PTI. AI platforms allow schools to map each child's learning style, identify the learning gaps, and recognise the strengths and weaknesses to optimise learning ...
Adoption of Artificial Intelligence (AI) in India's 64 million Micro, Small and Medium Enterprises (MSMEs) alone could unlock over USD 500 billion in economic value, but the country must pivot from an "adopt-first" to an "invent-first" mindset to realise this potential, according to a new report. The report, titled "India's Triple AI Imperative: Succeeding with AI in India", released by Boston Consulting Group (BCGX) and Federation of Indian Chambers of Commerce & Industry (FICCI), noted that while India has one of the world's fastest-growing AI markets, it faces significant gaps in deep innovation and value realisation. BCG X is the technology build, design, and innovation arm of Boston Consulting Group (BCG). "A particularly untapped opportunity lies in India's 64 million MSMEs. AI adoption in this segment alone could unlock over USD 500 billion in economic value, through productivity gains, cost savings, and improved access to credit," the report stated. However, the findings ..