PM Meets Instagram, YouTube & Adobe Chiefs at WAVES Event: Report
In a significant gathering, Prime Minister Narendra Modi recently met with the chiefs of Instagram, YouTube, and Adobe on the sidelines of the WAVES (World Artificial Intelligence and Machine Learning for Social Emphasis) event in Mumbai. The roundtable discussion, which was exclusively reported by Moneycontrol, focused on the opportunities and challenges facing India’s creative industries, including the impact of Artificial Intelligence (AI).
The meeting, which was attended by Instagram chief Adam Mosseri, YouTube CEO Neal Mohan, and Adobe CEO Shantanu Narayen, also touched upon the copyright infringement threat posed by AI tools. The discussion aimed to explore ways to harness the potential of AI while mitigating its negative consequences.
According to the report, the Prime Minister emphasized the importance of leveraging technology to drive innovation and growth in India’s creative industries. He highlighted the need for a collaborative approach between government, industry, and academia to address the challenges posed by AI and emerging technologies.
The conversation also delved into the potential of AI in the creative sector, including its applications in film, music, and visual arts. The industry leaders shared their insights on how AI can enhance the creative process, improve efficiency, and open up new opportunities for artists and creators.
However, the meeting also touched upon the concerns surrounding AI-powered tools that can generate and manipulate content, potentially infringing on copyrights. The industry leaders acknowledged the need for robust measures to prevent misuse and ensure that creators receive fair compensation for their work.
The WAVES event, which was organized by the Ministry of Electronics and Information Technology (MeitY), brought together prominent thought leaders and industry experts to explore the potential of AI and ML in various sectors. The event aimed to identify strategies for harnessing the benefits of AI while minimizing its risks and ensuring that the technology is used in a responsible and ethical manner.
The meeting between the Prime Minister and the industry leaders is seen as a significant step towards fostering collaboration and coordination between the government and the private sector. It demonstrates the government’s commitment to supporting India’s creative industries and promoting innovation and entrepreneurship in the country.
In recent years, India has emerged as a major hub for creative industries, with a growing number of startups and entrepreneurs specializing in AI-powered solutions for film, music, and visual arts. The government has been actively promoting these industries through initiatives such as the National Film Development Corporation (NFDC) and the Indian Film and Television Producers Council (IFTPC).
The Prime Minister’s meeting with the industry leaders is also seen as a reflection of the government’s efforts to position India as a global leader in the creative industries. The country has been making significant strides in film, music, and visual arts, with Indian content gaining popularity worldwide.
In conclusion, the meeting between the Prime Minister and the industry leaders at the WAVES event highlights the importance of collaboration and coordination between the government and the private sector. It demonstrates the government’s commitment to supporting India’s creative industries and promoting innovation and entrepreneurship in the country. As AI continues to transform the creative sector, it is essential for the government to work closely with industry leaders to ensure that the technology is used in a responsible and ethical manner.
