Science & Tech

The Arms Race in Artificial Intelligence (AI) and India

Hosting the G20 leaders’ summit later this year will provide India with an excellent opportunity to showcase its capabilities and contributions to information technology and the digital economy. The most advanced weapons will not be the largest bombs, tanks, or missiles, but AI-powered applications and devices used to wage and win wars. To protect itself from the potential consequences of an AI war, India must face the challenge.

What precisely is Artificial Intelligence (AI)?

  • AI is a set of technologies that enables machines to act with greater intelligence and to mimic human abilities to sense, comprehend, and act.
  • Natural language processing and inference engines can help AI systems analyse and comprehend the data they collect.
  • An AI system can also act in the physical world by utilising technologies such as expert systems and inference engines.
  • These human-like abilities are enhanced by the ability to learn from experience and continuously adapt over time.
  • AI systems are increasingly being used to supplement these capabilities in a variety of industries.

Recent advances in artificial intelligence

  • AI has advanced significantly in recent years: There is widespread concern that as AI becomes more prevalent, both blue-collar and white-collar workers will be replaced and rendered unemployed. Nonetheless, despite criticism in some parts of the world, artificial intelligence (AI) has grown significantly in recent years.
  • Size of the Global Market: According to a recent Bloomberg report, the global AI market is expected to be worth $65.48 billion in 2020 and $1,581.70 billion by 2030.
  • Applications and global impact: The growing impact of artificial intelligence (AI) on banking and financial markets, e-commerce, education, gaming, and entertainment is altering the global order.
  • Motivating factors: Greater data availability, higher computing power, and advancements in AI algorithms are the driving forces behind the evolution of AI growth.
  • Many people believe that artificial intelligence has little impact on their daily lives; however, we all interact with AI through social media, transportation, banking, cell phones, smartwatches, and other devices.

Where does India stand in the AI ecosystem?

  • Investments in India are growing: According to a Nasscom report, investments in AI applications in India are expected to grow at a compound annual growth rate (CAGR) of 30.8 percent to $881 million by 2023.
  • India’s contribution: According to the report, despite a massive increase in global investments in AI, India’s contribution has remained at 1.5 percent.
  • Artificial Intelligence (AI) Centers of Excellence: The finance minister announced the government’s intention to establish three Centres of Excellence for artificial intelligence (AI) in prestigious educational institutions in India during his Budget 2023-24 speech.

@the end

Lately, India has made significant advances in digital technology. It is currently the world’s third-largest startup hub, and it is home to many leading technology companies. However, in terms of overall AI capabilities, India continues to lag behind China. China is at the forefront of AI research and development, including the creation of intelligent robots, autonomous systems, and intelligent transportation systems. The current trajectory of AI development suggests that it will shape future economies and national security, as well as influence global politics.

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