PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
The WAVES event in Mumbai recently saw an exciting convergence of minds when Prime Minister Narendra Modi met with the CEOs of three global giants – Instagram, YouTube, and Adobe. The exclusive roundtable discussion brought together Adam Mosseri, CEO of Instagram; Neal Mohan, CEO of YouTube; and Shantanu Narayen, CEO of Adobe, to explore the opportunities and challenges facing India’s creative industries. The conversation was peppered with insights on the impact of Artificial Intelligence (AI) on the sector, including the copyright infringement threat posed by AI tools.
The meeting, which was organized by the Confederation of Indian Industry (CII), aimed to facilitate a dialogue between key stakeholders from the government, industry, and academia. The event was attended by prominent industry leaders and innovators, who shared their perspectives on the future of India’s creative landscape.
According to reports, the PM emphasized the need for India’s creative industries to leverage technology to increase their global competitiveness. He highlighted the potential of AI to transform industries such as entertainment, education, and healthcare, while also posing new challenges in terms of copyright infringement and intellectual property protection.
The CEOs of the three global giants shared their own experiences and insights on the impact of AI on their respective industries. Adam Mosseri, CEO of Instagram, spoke about the platform’s efforts to promote digital literacy and online safety, particularly among young users. He emphasized the importance of collaboration between governments, industries, and civil society to address the challenges posed by AI.
Neal Mohan, CEO of YouTube, discussed the platform’s commitment to promoting creators and artists from India and around the world. He highlighted the role of YouTube as a platform for creatives to showcase their work, connect with audiences, and build sustainable careers. Mohan also emphasized the need for creators to adapt to the changing landscape of online content consumption, driven by the rise of AI-powered recommendation algorithms.
Shantanu Narayen, CEO of Adobe, spoke about the company’s efforts to develop AI-powered tools for creatives, such as its Sensei platform. He emphasized the potential of AI to augment human creativity, rather than replace it, and highlighted the need for creatives to develop new skills to work effectively with AI-powered tools.
The roundtable discussion also touched upon the issue of copyright infringement posed by AI tools. The CEOs emphasized the importance of addressing this issue through a combination of technological solutions, legal frameworks, and educational initiatives. The PM emphasized the need for industry-wide cooperation to develop standards and best practices for AI-powered content creation and dissemination.
The WAVES event was a significant milestone in India’s journey towards leveraging technology to drive innovation and growth. The meeting between the PM and the CEOs of Instagram, YouTube, and Adobe underscored the importance of collaboration between the government, industry, and academia to address the challenges and opportunities posed by AI.
In conclusion, the PM’s meeting with the CEOs of Instagram, YouTube, and Adobe was a powerful symbol of India’s commitment to embracing technology and innovation. The roundtable discussion highlighted the potential of AI to transform India’s creative industries, while also emphasizing the need for industry-wide cooperation to address the challenges posed by AI-powered content creation and dissemination.
