PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
The WAVES event, held in Mumbai, recently played host to a high-profile meeting between Prime Minister Narendra Modi and the CEOs of three prominent tech giants – Adam Mosseri of Instagram, Neal Mohan of YouTube, and Shantanu Narayen of Adobe. The roundtable discussion, which focused on the opportunities and challenges facing India’s creative industries, also delved into the impact of Artificial Intelligence (AI) and the threat it poses to copyright infringement.
The meeting, which was exclusive to Moneycontrol, saw the Prime Minister engage in a thought-provoking conversation with the tech industry leaders. The discussion was centered around the potential of AI to revolutionize India’s creative industries, but also highlighted the need for careful consideration to mitigate the risks associated with AI-powered tools.
“The Prime Minister emphasized the need for India’s creative industries to leverage AI to drive growth and innovation,” said a government official who was present at the meeting. “However, he also stressed the importance of ensuring that the benefits of AI are shared by all, and that the country’s intellectual property rights are protected.”
The meeting was part of the WAVES event, which brought together industry leaders, policymakers, and innovators to discuss the future of India’s creative economy. The event aimed to explore the opportunities and challenges facing the industry, and to identify ways to promote growth and innovation.
The discussion on AI and copyright infringement was a significant aspect of the meeting. With AI-powered tools becoming increasingly sophisticated, there is a growing concern that they could be used to steal and replicate intellectual property, leading to significant losses for creators and innovators.
“The Prime Minister emphasized the need for a collaborative approach to address the challenges posed by AI-powered tools,” said another government official. “He stressed the importance of working closely with the tech industry to develop solutions that balance the benefits of AI with the need to protect intellectual property rights.”
The meeting also touched on the role that India’s creative industries could play in promoting the country’s economic growth. The Prime Minister highlighted the potential for the sector to drive employment and innovation, and emphasized the need for policymakers to provide support and incentives to encourage growth.
“The Prime Minister emphasized the importance of creating an enabling environment for India’s creative industries to thrive,” said a business leader who was present at the meeting. “He called for policymakers to work closely with the industry to address the challenges it faces, and to provide support and incentives to encourage growth and innovation.”
The meeting was seen as a significant opportunity for the Prime Minister to engage with the tech industry and to promote India’s creative economy. The event was attended by a range of industry leaders, policymakers, and innovators, and provided a platform for discussion and collaboration.
In conclusion, the meeting between the Prime Minister and the CEOs of Instagram, YouTube, and Adobe was a significant event that highlighted the importance of collaboration and innovation in driving growth and development. The discussion on AI and copyright infringement was a timely reminder of the need for policymakers and industry leaders to work together to address the challenges posed by this rapidly evolving technology.
