PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
The WAVES event, a platform that brings together industry leaders and innovators to discuss the latest trends and opportunities in the digital space, recently witnessed a historic moment as Prime Minister Narendra Modi met with the chiefs of Instagram, YouTube, and Adobe. The roundtable discussion, attended by Adam Mosseri, CEO of Instagram, Neal Mohan, CEO of YouTube, and Shantanu Narayen, CEO of Adobe, focused on the opportunities and challenges facing India’s creative industries, including the impact of Artificial Intelligence (AI).
The meeting, which took place on the sidelines of the WAVES event in Mumbai, was a significant milestone in the country’s journey towards embracing digital transformation. The discussion was centered around the potential benefits and challenges that AI presents to India’s creative industries, including the threat of copyright infringement posed by AI tools.
As reported by Moneycontrol, the Prime Minister emphasized the importance of intellectual property rights and the need for creators to be protected from the misuse of AI tools. The CEOs of the three companies shared their perspectives on the issue, highlighting the need for a balance between innovation and intellectual property protection.
Adam Mosseri, CEO of Instagram, emphasized the importance of transparency in AI-driven content creation and the need for platforms to be transparent about the use of AI algorithms. Neal Mohan, CEO of YouTube, highlighted the role of AI in improving content discovery and recommendation on the platform, while also stressing the need for creators to be aware of the potential risks of AI-driven content.
Shantanu Narayen, CEO of Adobe, discussed the role of AI in creative workflows and the opportunities it presents for designers, artists, and other creatives. He also emphasized the importance of ethical AI development and the need for companies to be responsible in their use of AI technology.
The discussion also touched on the potential benefits of AI in India’s creative industries, including the ability to improve content creation and distribution, enhance storytelling, and improve customer engagement. The CEOs also emphasized the need for creators to be aware of the potential benefits and challenges of AI and to be proactive in developing their skills to stay ahead of the curve.
The meeting was seen as a significant step forward in promoting India’s creative industries and its digital transformation. The Prime Minister’s emphasis on intellectual property rights and the need for creators to be protected from the misuse of AI tools sent a strong message to the industry about the importance of innovation and creativity.
The CEOs of the three companies also highlighted the potential for collaboration between India and the global digital industry. They emphasized the need for countries to work together to develop standards and regulations for AI and intellectual property protection, and to promote innovation and creativity in the digital space.
In conclusion, the meeting between the Prime Minister and the CEOs of Instagram, YouTube, and Adobe at the WAVES event was a significant moment in India’s journey towards embracing digital transformation. The discussion highlighted the opportunities and challenges facing India’s creative industries, including the impact of AI and the need for intellectual property protection. The meeting also emphasized the potential for collaboration between India and the global digital industry and the need for countries to work together to develop standards and regulations for AI and intellectual property protection.
