PM Meets Instagram, YouTube, and Adobe Chiefs at WAVES Event: Report
The Prime Minister of India, Narendra Modi, recently met with the CEOs of Instagram, YouTube, and Adobe on the sidelines of the WAVES event in Mumbai. The discussion at the roundtable focused on the opportunities and challenges faced by India’s creative industries, including the impact of Artificial Intelligence (AI). The conversation also touched upon the copyright infringement threat posed by AI tools.
The WAVES event, which stands for “World Wide Engagement for Promoting Arts and Entertainment,” is an initiative aimed at promoting India’s creative industries and providing a platform for stakeholders to come together and discuss the future of the sector. The event was attended by industry leaders, policymakers, and artists from across the country.
During the roundtable discussion, PM Modi was joined by Adam Mosseri, the CEO of Instagram, Neal Mohan, the CEO of YouTube, and Shantanu Narayen, the CEO of Adobe. The conversation was centered around the opportunities and challenges faced by India’s creative industries, including the impact of AI.
The use of AI in the creative industry has been a topic of debate in recent times. On one hand, AI has the potential to revolutionize the industry by providing new tools and techniques for content creation. On the other hand, there are concerns about the impact of AI on jobs and the potential for copyright infringement.
AI-powered tools, such as AI-generated music and AI-created art, have the potential to disrupt the traditional creative industries. While AI can help to streamline the content creation process and reduce costs, it also raises questions about the authorship of creative work. Who is responsible for the creation of AI-generated content, and how should it be credited?
The discussion at the WAVES event also touched upon the copyright infringement threat posed by AI tools. The use of AI-powered tools to create and distribute copyrighted content without permission is a growing concern for the creative industry. The industry has been calling for stronger legal protections and penalties for copyright infringement.
The meeting between PM Modi and the CEOs of Instagram, YouTube, and Adobe was seen as an opportunity to discuss the future of India’s creative industries and the role that AI can play in shaping it. The discussion was centered around the need for a balanced approach to AI adoption, one that balances the benefits of AI with the need to protect the rights of creators.
The creative industry is a significant contributor to India’s economy, accounting for around 3% of the country’s GDP. The industry is also a major employer, with millions of people relying on it for their livelihood. The adoption of AI has the potential to transform the industry, but it also raises questions about the impact on jobs and the need for new skills.
The meeting between PM Modi and the CEOs of Instagram, YouTube, and Adobe was seen as a significant step towards promoting the creative industry in India. The event was attended by industry leaders, policymakers, and artists from across the country, and it provided a platform for stakeholders to come together and discuss the future of the sector.
In conclusion, the meeting between PM Modi and the CEOs of Instagram, YouTube, and Adobe was an important step towards promoting the creative industry in India. The discussion centered around the opportunities and challenges faced by the industry, including the impact of AI. The event provided a platform for stakeholders to come together and discuss the future of the sector, and it highlighted the need for a balanced approach to AI adoption.
