Dr. Omkar Rai’s Post

While #airegulation efforts made the headlines mostly in the European Union recently it is not the only part of the world where political leaders take a stance. Just like in the EU the intention to require governmental approvals for #aimodel launches in #India triggered reactions from the business community, including concerns that such regulation may hinder the ability to innovate and compete in the global race to #aiadoption. #indianbusiness #articialintelligence #ai #automation #regulation

The rise of #artificialintelligence (AI) in the past few years has created growing excitement about its potential to revolutionise entire industries. At its best, #AI offers individuals and companies the power to augment human intelligence and automate complex tasks, enabling organisations to operate more efficiently and make data-driven decisions. This has made many ambitious companies interested in how to leverage #AI into their workflow, yet the adoption level is still low. Nine out of ten leading businesses invest in #AI technologies, according to a survey, but less than 20% have deployed AI capabilities in their operations. By 2030, the growth in #AI technology has the potential to contribute $15.7 trillion to the global economy and as such it has become imperative for more companies to adopt this technology. Founded in 2023 by Kehinde Olateru (CEO), Adegbenga Agoro (CTO), and Sola Adebayo (Chief Product Officer), #ZeroComplexAI, is an emerging #AI startup that’s solving this problem. #ZeroComplexAI simplifies AI integration for businesses by supercharging their current digital infrastructure with AI capabilities via its #AI #Workflows. Its #AI workflows enable businesses to improve their efficiency, lower operating costs, and ultimately increase revenue which drives growth. #AfricanTech #AfricanStartups #AfricanInnovation

The UK Government Investments (UKGI) is creating an investment-friendly environment for artificial intelligence as part of its 10-year strategy to make the country "the world's best place to live and work with AI." However, if this is to succeed, consumer confidence must be bolstered with appropriate regulation of the technology, and as adoption gathers pace, new investments in high performance infrastructure will be vital to underpin its success. In his latest blog, Kao Data Business Development Director Tom Bethell explores the #startups helping the UK win the #generativeai race, and shares how the success of home-grown AI is  helping to push the country to the top of the world rankings for private AI investment. Read more on Marketing Stockport, here - https://lnkd.in/e-TEHBXk #HighPerformanceDCs, #HPC, #AI, #machinelearning, #datacentre, #KaoInManchester, GOV.UK, Department for Science, Innovation and Technology

In 2024, the tech industry stands at a significant crossroads. Integrating AI into core strategies goes beyond just speeding up transformations; it's a chance to gain an advantage by leveraging emerging technologies and models. The study highlights a keen awareness among industry leaders regarding the efficiency potential of AI, with 65% of tech CEOs stressing the urgency of prompt GenAI action to prevent competitors from gaining a strategic edge. Explore more insights by delving into the details here. #EYTech #GenAI #EYInsights

The 'other' emerging story in AI this week is the continued reports from #Sifted (link below) that the adoption of the EU AI Act may be delayed due to concerns that proposed final amendments, which would put additional requirements specifically on foundation model developers, would be overly detrimental to AI startups and SMEs, thereby stifling innovation. The concerns from policymakers centre on whether these additional requirements should apply on a blanket or targeted basis; and if a targeted approach is to be used, should the criteria focus on the use-case of the model, or the size of the developer/model. It will be interesting to see how this plays out for a number of reasons including: 1) Will the EU AI Act increase the number of concessions made to AI startups and SMEs in this vital area? 2) How will the UK, with its "pro-innovation" approach, address this issue, given pressures from some circles for additional compliance requirements on foundation model developers? 3) What will the impact be for investors targeting AI startups in the foundation model developer space? There is reportedly an informal deadline of 6 December to finalise negotiations this year, so we may get more information/clarity soon. Ben Williams Ali Woodcock-West Alexander Taylor #euaiact #airegulation #aistartups #genai

India's recent shift in its approach towards artificial intelligence (AI) regulation marks a significant departure from its earlier stance, introducing a requirement for "significant" technology companies to seek government approval before launching new AI models. This new advisory, issued by the Ministry of Electronics and IT, not only mandates that AI products and services avoid bias, discrimination, and threats to electoral integrity but also signals a broader intention towards tighter regulation in the future. The directive, which has sparked surprise and criticism from both local startups and global industry leaders, suggests a move to ensure greater oversight in the deployment of AI technologies, amidst concerns over their potential societal impacts. This pivot has stirred debates on the balance between innovation and regulation, reflecting broader global discussions on the governance of emerging technologies. What are your thoughts on this? #ainews #artificialintelligence #technology #innovation

🌐 EU Leading the Way in AI Governance The European Union is on the cusp of establishing global benchmarks for AI governance with its pioneering legislation. Initially applauded for its comprehensiveness, the legislation is now under scrutiny as the generative AI landscape unfolds. Key Points: 🚀 Generative AI's Strategic Role: Integration into the European economy signifies both technological progress and a strategic move for global competitiveness. ⚖️ Balancing Regulation: The EU's AI Act, introduced in 2021, aims for safe, ethical, and lawful AI usage. However, the evolving AI landscape prompts a call for a more flexible regulatory approach. 💡 Generative AI's Potential: McKinsey's report highlights generative AI's trillion-dollar potential across sectors, emphasizing its role in boosting labor productivity and contributing to sustainable economic prosperity. ⚙️ Balancing Act: Striking a balance between regulation and innovation is crucial. Regulations must ensure safety without stifling innovation, requiring dynamic and adaptable approaches. 🌍 Global Impact: The final AI Act will shape Europe and set a precedent globally. Crafting legislation with foresight is essential for harnessing the full potential of generative AI. 🚀 Join the conversation and delve deeper into the dynamics of AI regulation and innovation. Read the full article and stay tuned for the latest updates in the world of AI. https://lnkd.in/gqB2XunB 🚀 Experience the future firsthand at Tech Tour Growth Deeptech 2024. Meet over 180 game-changers and pioneers in the world of Deeptech innovation. https://lnkd.in/guwzCgBT 📬 Subscribe below to our newsletter for the latest updates, insights, and content from our community. https://lnkd.in/euJrGXP #ai #innovation #regulation #europe #generativeai #techtrends #entrepreneurs #investors #investment #funding #entrepreneurship #tech #digital #deeptech #startup #founder #venturecapital #vc #funding

How might AI overset a declining population in Europe? Europe at Crossroads: Navigating AI Regulations and Innovation for Future Prosperity #ai #artificalintelligence #leadership #innovation #ChatGPT #futureofwork #GenerativeAI #businessautomation #digitaltransformation #processautomation #ibm IBM #chatbot #startup #marketing #strategy #business #publicsector #technology #metaverse #airegulation #llm

In a visionary statement that has set the tech world abuzz, Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, has announced that Reliance is poised to usher in a new era of AI accessibility. With ambitions as bold as they are, Ambani proclaimed that Reliance is not just a conglomerate; it's a new-age tech firm with a mission to bring artificial intelligence (AI) to everyone, everywhere. The significance of this announcement cannot be overstated. AI, often regarded as the technology of the future, has already begun to transform industries, power innovation, and enhance our daily lives. However, access to AI has, until now, been somewhat limited, often reserved for tech giants and elite institutions. Ambani's declaration marks a monumental step towards democratizing AI, making it available to individuals, businesses, and communities across the globe. Here's what you need to know about Reliance's grand vision: AI for Everyone: Reliance envisions a future where AI is not the exclusive domain of tech-savvy experts but a tool that empowers people from all walks of life. Whether you're a small business owner, a student, a healthcare professional, or anyone with a curiosity for AI, Reliance aims to make AI accessible and user-friendly. AI Everywhere: The promise of AI transcends geographical boundaries. Reliance's commitment to bringing AI everywhere means that it will be available to individuals in urban centers and remote villages alike. This inclusivity can bridge digital divides and foster equitable opportunities for all. Empowering Innovation: By democratizing AI, Reliance is unleashing the potential for innovation on a global scale. Start-ups, entrepreneurs, and creative minds will have access to the tools they need to develop groundbreaking AI applications that can address a myriad of challenges and enhance our lives. AI-Driven Solutions: Imagine AI-powered solutions for agriculture to optimize crop yields, healthcare to diagnose diseases more accurately, education to personalize learning experiences and much more. Reliance's AI initiative promises to drive solutions that can positively impact numerous sectors. Collaboration and Partnerships: Mukesh Ambani emphasized the importance of collaboration and partnerships in making AI accessible. Reliance is actively seeking to work with experts, researchers, and businesses worldwide to achieve this ambitious goal. As we look ahead to a future where AI becomes an integral part of our lives, Reliance's commitment to making this technology accessible to everyone is a commendable step. The possibilities are limitless, and the potential to address pressing global challenges through AI-driven innovation is within reach. Stay tuned for more updates as Reliance's journey towards democratizing AI unfolds. This is not just a tech revolution; it's a revolution for everyone, everywhere. #RelianceAI #AIforAll #TechInnovation 🌐🤖✨

📢Have you heard? The European Commission is building a new 𝗗𝗮𝘁𝗮 𝗛𝘂𝗯, a key feature to be added to the 𝗘𝗨 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗣𝗹𝗮𝘁𝗳𝗼𝗿𝗺. This Data Hub will give innovative firms access to specific sets of synthetic supervisory data for the purpose of testing new applications and training their AI/ML models. The Data Hub will make it easier to develop products that depend on data-intensive AI systems. Want to know more about synthetic supervisory data and the Hub generally, visit the latest version of the Platform here👉https://europa.eu/!mXVxpq   If you’re interested in participating in the Data Hub as a regulator or an innovator, especially as a start-up or SME, feel free to reach out at 📧 eu-digital-finance-platform@ec.europa.eu.   #DataHub #DigitalFinance #startups #SME #AI #MachineLearning   More information: 💻Digital Finance Strategy of September 2020 👉https://europa.eu/!nqHbMQ 🌐EU Digital Finance Platform 👉https://europa.eu/!mXVxpq 📲 European Data Strategy 👉https://europa.eu/!pYfkFw 📜European Data Governance Act 👉https://europa.eu/!YnJf7H