PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
In a significant development, Prime Minister Narendra Modi met with the chiefs of Instagram, YouTube, and Adobe on the sidelines of the WAVES event in Mumbai. According to a report by Moneycontrol, the roundtable discussion focused on the opportunities and challenges facing India’s creative industries, including the impact of Artificial Intelligence (AI) and the copyright infringement threat posed by AI tools.
The WAVES event, which stands for Women, Action, and the Valley in Electronics, is an annual conference that brings together industry leaders, entrepreneurs, and innovators to discuss the latest trends and innovations in the tech and entrepreneurship ecosystem. This year’s event was held in Mumbai and saw the presence of several prominent executives and thought leaders from the industry.
The meeting between the Prime Minister and the CEOs of Instagram, YouTube, and Adobe was a significant one, given the importance of these platforms in shaping the digital landscape. Adam Mosseri, the CEO of Instagram, was present at the meeting, along with Neal Mohan, the CEO of YouTube, and Shantanu Narayen, the CEO of Adobe.
During the roundtable discussion, the focus was on the opportunities and challenges facing India’s creative industries. The discussion was facilitated by industry experts and thought leaders, who provided valuable insights and perspectives on the current state of the industry.
One of the key topics that was discussed during the meeting was the impact of Artificial Intelligence (AI) on the creative industries. AI has the potential to revolutionize the way we create and consume content, but it also poses significant challenges, particularly in terms of copyright infringement. The CEOs of Instagram, YouTube, and Adobe expressed concerns about the threat posed by AI tools, which can create and distribute content at an unprecedented scale, often without proper attribution or compensation.
The Prime Minister and the CEOs also discussed the potential of AI to create new opportunities for India’s creative industries. With AI, India can leapfrog traditional methods of content creation and distribution and create new forms of content that are more engaging, interactive, and immersive. However, this also requires a careful balancing act between the benefits of AI and the need to protect intellectual property rights.
The meeting also touched upon the topic of digital literacy and the need to educate creators and consumers about the benefits and risks of AI. The CEOs of Instagram, YouTube, and Adobe emphasized the importance of digital literacy in ensuring that creators can harness the potential of AI while also protecting their rights.
The Prime Minister and the CEOs also discussed the role of India’s creative industries in driving economic growth and employment. The creative industries have the potential to create new jobs and stimulate economic growth, but they also require a supportive ecosystem that enables creators to thrive.
In conclusion, the meeting between the Prime Minister and the CEOs of Instagram, YouTube, and Adobe was a significant one, given the importance of these platforms in shaping the digital landscape. The discussion focused on the opportunities and challenges facing India’s creative industries, including the impact of Artificial Intelligence (AI) and the copyright infringement threat posed by AI tools. The Prime Minister and the CEOs emphasized the need for a careful balancing act between the benefits of AI and the need to protect intellectual property rights.
