PM Modi to inaugurate artificial intelligence 'RAISE' summit today

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Prime Minister Narendra Modi will inaugurate a five-day global virtual summit on artificial intelligence (AI) on Monday. Responsible AI for Social Empowerment or RAISE 2020 is being organised by the government in partnership with the industry and academia. It will aim for the transformation of health, education and agricultural areas.

PM Modi will deliver the keynote address along with minister of electronics and IT Ravi Shankar Prasad, NITI Aayog’s chief executive officer (CEO) Amitabh Kant, Reliance Industries Ltd’s chairperson and managing director Mukesh Ambani, and IBM’s CEO Arvind Krishna.

In June, India along with Australia, the United States, the United Kingdom, Canada, France, Germany, New Zealand and others joined together to create the Global Partnership on Artificial Intelligence (GPAI) for the responsible development and use of AI.

“We firmly believe that AI can help transform lives. India is developing AI-based solutions for social empowerment across spheres like healthcare, education, finance, agriculture and governance. On the strength of its data and innovation prowess, India can become the AI laboratory of the world, delivering intuitive solutions to a wide range of societal issues,” Amitabh Kant, NITI Aayog CEO, said at the press conference.

The aim of the summit is to encourage the discussion on AI in public infrastructure, build responsible AI for social empowerment, transformation and inclusion of society. Vital topics such as data and AI-powered financial services, Atmanirbhar Bharat AI start-up pitch fest, education and awareness for responsible AI, leveraging AI for pandemic preparedness, the impact of data and AI in smart cities and mobility, the role of government in AI enablement, role of data for responsible AI, and building a future-ready agricultural supply chain with AI will be discusses.

So far more than 38,700 stakeholders from across academia, the research industry and governments representatives from 125 countries have registered for the summit.

According to industry analysts the summit will add more than $957 billion to India’s economy by 2035.

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