PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
In a significant development, Prime Minister Narendra Modi met with the top executives of Instagram, YouTube, and Adobe on the sidelines of the WAVES (Worldwide Alliance of Young Entrepreneurs Summit) event in Mumbai. The meeting, which was reported by Moneycontrol, brought together the Prime Minister with Adam Mosseri, CEO of Instagram, Neal Mohan, CEO of YouTube, and Shantanu Narayen, CEO of Adobe. The roundtable discussion focused on the opportunities and challenges facing India’s creative industries, with a particular emphasis on the impact of Artificial Intelligence (AI).
According to sources, the Prime Minister and the CEOs engaged in a lively conversation that touched upon various topics, including the potential of AI to transform the creative industries. However, the discussion also highlighted the challenges posed by AI in terms of copyright infringement, with the CEOs expressing concerns about the use of AI tools to create and disseminate copyrighted content without permission.
The meeting, which was held on October 13, 2022, was part of the WAVES event, which aimed to bring together young entrepreneurs and industry leaders to discuss the future of innovation and entrepreneurship. The event was attended by over 500 participants, including entrepreneurs, investors, and industry experts.
The discussion around AI and copyright infringement was particularly significant, given the growing concerns about the use of AI tools to create fake content, including music, videos, and images. The CEOs acknowledged that AI has the potential to revolutionize the creative industries, but emphasized the need for strong measures to prevent copyright infringement.
“We are excited about the potential of AI to create new opportunities for the creative industries,” said Adam Mosseri, CEO of Instagram. “However, we also need to ensure that we take measures to prevent copyright infringement and protect the intellectual property rights of creators.”
Neal Mohan, CEO of YouTube, echoed similar sentiments, saying, “AI has the potential to transform the way we create and consume content. However, we need to be mindful of the potential risks and take steps to prevent copyright infringement.”
Shantanu Narayen, CEO of Adobe, added, “AI is a powerful tool that can help creators to produce high-quality content quickly and efficiently. However, we need to ensure that we use AI in a way that is ethical and responsible.”
The Prime Minister, meanwhile, emphasized the importance of innovation and entrepreneurship in driving India’s economic growth. “India has the potential to become a global leader in the creative industries,” said the Prime Minister. “We need to encourage innovation and entrepreneurship, and provide support to young entrepreneurs to help them grow their businesses.”
The meeting was seen as a significant step forward in promoting collaboration between the government and the private sector in driving India’s economic growth. The Prime Minister’s emphasis on innovation and entrepreneurship is likely to resonate with the CEOs of Instagram, YouTube, and Adobe, who are all committed to promoting innovation and creativity in their respective industries.
In conclusion, the meeting between the Prime Minister and the CEOs of Instagram, YouTube, and Adobe was a significant development in the Indian technology and startup ecosystem. The discussion around AI and copyright infringement highlighted the need for strong measures to prevent copyright infringement and protect the intellectual property rights of creators. As India looks to become a global leader in the creative industries, such discussions are likely to play a critical role in promoting innovation and entrepreneurship.
