PM meets Instagram, YouTube & Adobe chiefs at WAVES event: Report
The WAVES (World Artificial Intelligence and Entertainment Summit) event in Mumbai recently witnessed a unique gathering of industry leaders, where the Prime Minister of India, Narendra Modi, met with the chiefs of Instagram, YouTube, and Adobe to discuss the opportunities and challenges for India’s creative industries. The roundtable conversation, which was reported by Moneycontrol, focused on the impact of Artificial Intelligence (AI) on the industry, including the threat posed by AI tools to copyright infringement.
The meeting was attended by Instagram chief Adam Mosseri, YouTube CEO Neal Mohan, and Adobe CEO Shantanu Narayen, along with representatives from India Inc. The discussion was a significant one, given the rapidly evolving landscape of the creative industries and the need for stakeholders to work together to address the challenges and harness the opportunities presented by AI.
The conversation at the roundtable was centered around the potential of AI to transform the creative industries, including music, film, and literature. The industry leaders discussed the ways in which AI can be used to create new and innovative content, as well as the potential for AI-powered tools to enhance the creative process.
However, the meeting also touched on the darker side of AI’s impact on the creative industries, namely the threat posed by AI-generated content to copyright infringement. The use of AI tools to generate music, images, and videos has the potential to undermine the intellectual property rights of creators, and the industry leaders acknowledged the need for urgent action to address this issue.
The Prime Minister’s meeting with the industry leaders comes at a time when India is looking to establish itself as a major player in the global creative industries. The country has been investing heavily in its creative infrastructure, including the development of new technologies and the establishment of new creative hubs.
The use of AI in the creative industries is a key area of focus for the Indian government, which sees the technology as having the potential to drive innovation and growth in the sector. The government has been working to promote the adoption of AI by Indian companies, including through the development of new AI-powered tools and the provision of funding for AI-related research and development.
The meeting at the WAVES event was seen as an important step in this process, bringing together key industry leaders to discuss the opportunities and challenges presented by AI. The industry leaders agreed that AI has the potential to revolutionize the creative industries, but also acknowledged the need for urgent action to address the challenges posed by AI-generated content.
The meeting was also seen as an opportunity for the industry leaders to discuss their experiences of using AI in their respective companies. The CEOs of Instagram, YouTube, and Adobe shared their insights on the ways in which AI is being used to enhance the creative process, as well as the challenges they have faced in implementing AI-powered tools.
The discussion was also focused on the need for collaboration between industry leaders, governments, and educators to ensure that the creative industries are well-equipped to take advantage of the opportunities presented by AI. The industry leaders acknowledged that AI is not a panacea for the challenges faced by the creative industries, but rather a tool that must be used in conjunction with human creativity and ingenuity.
In conclusion, the meeting between the Prime Minister of India and the chiefs of Instagram, YouTube, and Adobe at the WAVES event was a significant one, bringing together key industry leaders to discuss the opportunities and challenges presented by AI in the creative industries. The conversation was focused on the potential of AI to transform the creative industries, as well as the need for urgent action to address the challenges posed by AI-generated content.
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