Romesh Wadhwani, Chairman, Symphony AI, talks about AI revolution, its potential and the threats it can pose in the future
Wadhwani believes it is India’s responsibility to be among the top three in the AI race while facing competition from China and the US
Wadhwani says, that to become one of the top leaders in AI, India is going to require massive national-scale initiatives for the application of AI
Atomic energy is much easier to regulate, because it is limited by the billions of dollars required to create infrastructure. Those restrictions do not apply to AI, says Wadhwani
Since AI has become open-source, everyone has access to the same large language model, even bad actors. That is why it is important to regulate the technology
Wadhwani believes AI needs to be regulated for safety. He says ‘it needs more than just guardrails. It needs to be regulated for effectiveness and the field of purpose.’
Wadhwani believes that AI will not affect jobs in the agricultural sector, construction sector and even blue-collar jobs in the manufacturing sector
Most white-collar jobs in the IT, legal, financial sectors and the creative communities will witness disruptions. The software sector will also see disruptions because of generative AI, adds Wadhwani
Wadhwani pointed out that China has been quick on its feet to regulate AI and even made a roadmap to make the best of it