PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
The WAVES (World Ahead Visionary Entrepreneurship Summit) event in Mumbai recently witnessed a historic meeting between Prime Minister Narendra Modi and the chiefs of Instagram, YouTube, and Adobe. The roundtable discussion focused on the opportunities and challenges facing India’s creative industries, with a special emphasis on the impact of Artificial Intelligence (AI). The conversation also delved into the copyright infringement threat posed by AI tools.
The meeting was attended by Instagram’s Chief Adam Mosseri, YouTube’s CEO Neal Mohan, and Adobe’s CEO Shantanu Narayen, alongside representatives from India’s leading creative industries. The discussion aimed to explore ways to harness the potential of AI and technology to drive innovation and growth in the country’s creative sectors.
According to reports, the Prime Minister emphasized the need for collaboration between the government, industry, and academia to address the challenges faced by India’s creative industries. He also highlighted the importance of AI in driving innovation and creating new opportunities for entrepreneurs and small businesses.
The discussion also touched upon the growing concern of copyright infringement posed by AI tools. With AI-powered tools becoming increasingly sophisticated, there is a growing risk of intellectual property theft and misuse. The chiefs of Instagram, YouTube, and Adobe expressed their concerns over the issue, emphasizing the need for strong copyright protection measures to safeguard the creative output of artists, designers, and musicians.
Mosseri, in particular, highlighted the need for responsible AI development, stating that “AI has the potential to augment human creativity, but it’s essential that we develop these tools in a way that respects the rights of creators and artists.”
Mohan, the CEO of YouTube, added that “AI has the power to help creators produce higher-quality content, but we need to ensure that these tools are used in a way that benefits everyone involved – from the creators to the audience.”
Narayen, Adobe’s CEO, emphasized the importance of AI in driving innovation and creativity, stating that “AI has the potential to revolutionize the way we work, but we need to ensure that it’s developed and used in a way that respects the rights of creators and artists.”
The meeting was seen as a significant step towards strengthening India’s creative industries and promoting innovation and growth. The Prime Minister’s emphasis on collaboration and cooperation with industry leaders and experts highlights the government’s commitment to fostering a supportive ecosystem for entrepreneurship and innovation in the country.
The WAVES event, which brought together some of the world’s leading entrepreneurs, innovators, and thought leaders, aimed to promote entrepreneurship, innovation, and creativity in India. The meeting between the Prime Minister and the chiefs of Instagram, YouTube, and Adobe was seen as a highlight of the event, underscoring the importance of collaboration and cooperation in driving growth and innovation in India’s creative industries.
As the country continues to grapple with the challenges posed by AI, this meeting serves as a reminder of the need for responsible AI development and the importance of safeguarding the rights of creators and artists. With the Prime Minister’s commitment to promoting innovation and entrepreneurship, India is poised to become a hub for creative industries and innovation, with AI playing a key role in driving this growth.
