HomeNewsTechnologyGlobal AI Conclave: AI for Bharat will need philanthropic investment in the initial stages, say Accel and Karya

Global AI Conclave: AI for Bharat will need philanthropic investment in the initial stages, say Accel and Karya

Venture capital firm Accel’s founding partner Prashanth Prakash AI models can distil and synthesise information at a simpler level by building new interfaces like chatbots that can communicate through voice in Indian languages

December 19, 2023 / 14:59 IST
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Panel Discussion at Global AI Conclave
The AI for Bharat models’ economics is not viable to be scaled in the initial stages and will require philanthropic investments, said panellists Manu Chopra of Karya.ai and venture capital firm Accel’s founding partner Prashanth Prakash

The AI for Bharat models’ economics is not viable to be scaled in the initial stages and will require philanthropic investments, said panellists Manu Chopra of Karya.ai and venture capital firm Accel’s founding partner Prashanth Prakash at the CNBC18 and Moneycontrol’s Global AI Conclave.

“What I have confidence is that frugal startups are emerging and they are mindful of the AI models they need to build at a cost. It is clear that long-term viability is important and we cannot do an AI operation at Rs 15 as of now,” Prakash said.

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According to Prakash, Google has been intimidating for the poor and people with low literacy levels, and the AI models can distil and synthesise information at a simpler level by building new interfaces like chatbots that can communicate through voice in Indian languages.

The uptake in healthcare is expected to be highest as the perceived value is also higher. For instance, the AI chatbot developed by Karya for Tuberculosis has helped more than a million patients in Karnataka by delivering them information in Kannada.