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NVIDIA CEO urges Indian startups to build local AI economy

NVIDIA CEO urges Indian startups to build local AI economy
'Excited to see Indian startups build the local AI economy': Nvidia CEO Jensen Huang · businesstoday.in

Jensen Huang said India already has a strong technology industry.

He believes this gives Indian startups a good starting point for building AI businesses.

He is excited that local companies can use and improve AI technology.

Huang said AI is still being developed.

He advised regulators to focus on real harm instead of imagined problems.

He also said AI systems should become safer as the technology improves.

According to Huang, AI has already become better at avoiding incorrect answers and using factual information.

He said companies must work on safety even if countries have not yet agreed on global standards.

Key facts

Speaker
Jensen Huang, NVIDIA’s CEO
India’s advantage
Its established information technology industry
Startup opportunity
Indian startups can use and contribute to AI technology while building a local AI economy
Regulatory advice
Regulate practical and actual harm rather than theoretical and hypothetical harm
Safety priority
Advance AI technology so it becomes safer and more useful
Reported AI progress
AI systems have reduced hallucinations and become more grounded in factual information
Company responsibility
Companies should develop AI safely while global standards are still pending

Quotes

Jensen Huang

Nvidia CEO commenting on India’s technology sector and AI startups

“India is one of the world's leading IT industries, and this is the beginning of a new IT platform. I have the benefit of seeing Modi ji a decade ago talking about AI. I’m very excited to see local companies and startups starting in India starting to take advantage of the technology, contributing to the technology, and then building the local AI economy over.”
businesstoday.in
“The technology is in its formative stages, and the advice that I would have is to regulate practical and actual harm and not regulate theoretical and hypothetical harm.”
businesstoday.in

Sources

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