AIMA’s 69th Foundation Day Highlights: In an exclusive fireside chat with Nandan Nilekani, Co-Founder and Chairman, of Infosys Technologies Limited moderated by Nalin Mehta, Managing Editor, Moneycontrol and Non-Resident Senior Fellow, Institute of South Asian Studies, National University of Singapore sheds light on how AI will transform India’s digital public infrastructure? Should India develop its own general-purpose AI models or restrict itself to small, localized AI models? How can India ensure the necessary computing power to transition to an AI-enabled economy?
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AIMA’s 69th Foundation Day Highlights: DPI plus AI is the way forward for a country like India, says Nandan Nilekani
AIMA’s 69th Foundation Day Highlights: In an exclusive fireside chat with Nandan Nilekani, Co-Founder and Chairman, of Infosys Technologies Limited moderated by Nalin Mehta, Managing Editor, Moneycontrol and Non-Resident Senior Fellow, Institute of South Asian Studies, National University of Singapore sheds light on how AI will transform India’s digital public infrastructure? Should India develop its own general-purpose AI models or restrict itself to small, localized AI models? How can India ensure the necessary computing power to transition to an AI-enabled economy?
AIMA’s 69th Foundation Day Live Updates: In the long term, if India does everything right, it can get to 6-8 % growth compounded
In the long term, if India does everything right, it can get to 6-8 per cent growth compounded, says Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: AI is already used in income tax, GST to catch fraud, says Nandan Nilekani
Nandan Nilekani said, "AI is already used in income tax, GST to catch fraud." " New Income tax act is a big step forward because there is lot of simplification." "For ease of doing business, we need to make all these laws very simple, added Nandan Nilekani.
AIMA’s 69th Foundation Day Live Updates: DPI plus AI is the way forward for a country like India, says Nandan Nilekani
When you do large-scale transformation, be it Ayushman Bharat or otherwise, you have to find out ways so that all actors have a stake in the success, said Nandan Nilekani. "I am sure AI can be applied on safety in Railways too, though I am not an expert, added Nandan Nilekani."
AIMA’s 69th Foundation Day Live Updates: Mitigating biases is one of the best reasons for developing homegrown LLMs, says Nandan Nilekani
Nandan Nilekani said," Mitigating biases is one of the best reasons for developing homegrown LLMs. "Among the big 4, they are spending $300billion on building AI," added Nilekani.
AIMA’s 69th Foundation Day Live Updates: Deepfakes are a genuine issue. India is the only country that has a scam category called digital arrest, says Nandan Nilekani
Nandan Nilekani said," Deepfakes are a genuine issue. India is the only country that has a scam category called digital arrest. in some sense, Aadhaar solves the problem of -- if you want to show that someone is a live person, you can Aadhaar authenticate him."
AIMA’s 69th Foundation Day Live Updates: India has been using AI for a long time, says Nandan Nilekani
Nandan Nilekani said," India has been using AI for a long time. Aadhaar authentication uses biometric -- fingerprint, face. One of the concerns is what if someone fakes it. So AI is used to check for liveness."
AIMA’s 69th Foundation Day Live Updates: Not clear if AI can help in creativity. Its more mechanical ,says Nandan Nilekani
Nandan Nilekani said, "Not clear if AI can help in creativity. It is more mechanical. AI has to be trained on a lot of data. We have a very good data protection bill, which will cover AI usage."
69th Foundation Day Live Updates: Nandan Nilekani on Elon Musk's impact on US government
Nandan Nilekani on Elon Musk's impact on US government: What we did over the last 15 years, 1.5 billion people with Aadhaar, 80 million times a day, DBT running into few billions of dollars. But it has not happened in a confrontational way. That is probably the difference.
AIMA’s 69th Foundation Day Live Updates: AI like DPI can be done inclusively so that everyone benefits from it, says Nandan Nilekani
AI like DPI can be done inclusively so that everyone benefits from it, said Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: AI will help human beings to be more productive at their jobs, it is net positive, says Nandan Nilekani
AI will help human beings to be more productive at their jobs, it is net positive, says Nandan Nilekani
I spend 20 per cent of my time on Infosys. 30 per cent of my time on DPIs. Rest of the time I don't do anything, says Nandan Nilekani.
AIMA’s 69th Foundation Day Live Updates: If we do the digital energy grid the way we have designed, the application of AI on it will be easier, says Nandan Nilekani
If we do the digital energy grid the way we have designed, the application of AI on it will be easier, said Nandan Nilekani.
Every consumer of electricity can also be producer and store via rooftop solar panel. Every consumer will be able to buy and sell electricity, says Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: We are taking the crypto capability but we are applying into the regular world, says Nandan Nilekani
Crypto world took concepts like public blockchains, immutability. We are taking the crypto capability but we are applying into the regular world, said Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: Idea of finternet is essentially bringing in the ability to tokenise all kinds of assets, says Nandan Nilekani
The idea of finternet is essentially bringing in the ability to tokenise all kinds of assets, says Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: Govt will be the pioneer in applying AI on scale. Private sector will take it further, says Nandan Nilekani
Nandan Nilekani said that PM Kisan already uses AI. Population scale in operations will come from the government
Govt will be the pioneer in applying AI on scale. Private sector will take it further, added Nilekani
AIMA’s 69th Foundation Day Live Updates: LLMs will be commodities, says Nandan Nilekani
Nandan Nilekani said," LLMs will be commodities. There is a new announcement everyday. Now we can actually build models. But we should not take our eyes off the ball, which is, how is it useful to society, what is it going to do that is going to make a difference."
AIMA’s 69th Foundation Day Live Updates: The technology is moving so quickly that it is dropping in price and becoming more efficient, says Nandan Nilekani
Would I spend a billion dollars to build an LLM? No. But if I can LLM in $50 million, sure, says Nandan Nilekani. The technology is moving so quickly that it is dropping in price and becoming more efficient, added Nilekani
AIMA’s 69th Foundation Day Live Updates: The challenge with AI is to make it work at our population scale, says Nandan Nilekani
The challenge with AI is to make it work at our population scale. That the way we have to go, says Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: The barrier to entry to creating AI model has significantly come down, says Nandan Nilekani
The barrier to entry to creating AI model has significantly come down. The government is focused on the IndiaAI Mission, I think we will see in the next one year very significant models coming from India
AIMA’s 69th Foundation Day Live Updates: What I want to see is the application of AI at the population scale, says Nandan Nilekani
(What I want to see) is the application of AI at the population scale. For instance, in sectors such as education,and agriculture, says Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: Being a leader in AI is important for India, says Nandan Nilekani
Think India will be leader in applying AI on scale, says Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates: AI is extremely important, says Nandan Nilekani
AI is good in its application and usage , says Nandan Nilekani
AIMA’s 69th Foundation Day Live Updates:The cost and time involved in AI development require India
The cost and time involved in AI development require India to find a balance between adapting and creating AI models. India has to ensure access to AI hardware and software amid a global war for AI supremacy.
