Today in AI: AI can be major threat says Ashwini Vaishnaw, Climate tech to be big next year, Meta backs Gen AI for grievance redressal

AI can be a major threat to humanity, deepfakes create disturbances in society: Ashwini Vaishnaw

In the case of AI, there are multiple threats. This is a significantly more complex thing compared to privacy regulation because AI can be a major threat to humanity itself, says Vaishnaw.

• We are open to every possible solution because this poses a big threat to democracy and our social institutions. I am glad that all platforms have responded in a mature and responsible manner.


• The next meeting is scheduled for the first week of December. During that time, we will discuss the steps the platforms are willing to take on their own.

Gen AI, climate tech and fintech main themes for next year: Accel’s Prashanth Prakash

There are over 1 lakh registered startups in the country of which around 20,000 are in Bengaluru, per Prakash who admitted that 2023 was a “humbling year” for the Indian startup ecosystem.

• Prakash added that around $25 billion has been invested into developing and building Gen AI but that capital is yet to come to India, underscoring that there is potential in the world's third-largest startup ecosystem. Gen AI will disrupt the entire marketing stack and will also change the way healthcare companies function, including drug discovery.


• At another industry event recently, Prakash said manufacturing-focused startups received $8 billion in investments over the past seven years. There are around 1,000 startups building in sectors like construction, food processing, textile, chemicals and toys, among others. The global packaging market, electric vehicles (EV) and batteries are other upcoming spaces.

Meta to support project for using Gen AI in consumer grievance redressal

The research project will explore how LLMs can assist consumers or judicial authorities in the context of ongoing oversight and control by human decision makers.

• Social network major Meta has said it will support a National Law School of India University’s research project for using generative AI technologies to enhance efficiency in the consumer grievance redressal system.


• NLSIU and IIT Bombay will also release a white paper explaining the risk mitigation approaches implemented and how responsible design principles have been deployed at every layer of the stack.