AI Steals the Show at WEF 2024

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THE WEEKLY NEWSLETTER OF AIM. Sunday, Jan 21, 2024 | Was this email forwarded to you? Sign up here By Amit Naik AI dominated the discussions at the Davos World Economic Forum 2024. AIM noted that most of the talk revolved around the urgency of AI adoption, its impact on education and reskilling of the workforce, regulation and responsible use of AI, implications on jobs and more. As per the latest IMF report 'Gen-AI: Artificial Intelligence and the Future of Work', AI exposure in India remains at about 26% compared to advanced economies at 60%. The report further noted that a significant portion of the workforce in India is engaged in crafts, agriculture, and low-skilled work, which fall into the low-exposure category.  If these numbers are accurate, then the next few years will be crucial for India to accelerate AI adoption across industries. "If you embrace artificial intelligence, you will be complete. If you do not and you're late, you will be finished. And if you reject it altogether, you will be completely finished," cautioned Omar Sultan Al Olama, the minister of state for artificial intelligence in the United Arab Emirates.  IBM chief Arvind Krishna believes that AI in its current form will generate $4 trillion of annual productivity before the end of the decade. "​​That is incredible economic competitiveness for companies and nations," he said, citing a productivity increase of 20-30-40% in coding. He also noted a similar trend in customer service and digital jobs.  In conversation with WEF chairperson Klaus Schwab, Microsoft chief Satya Nadella shared how generative AI is going to impact industries and jobs and how AI can be the growth driver for many economies.  "Inflation adjusted, there is no economic growth in the world. It is a pretty disappointing state. The developed world may have negative economic growth," said Nadella, adding that he is optimistic about AI being a general-purpose technology that can drive economic growth.  Another notable discussion at WEF revolved around the workings of open-source and closed-door AI models. "OpenAI does not have a monopoly on good ideas. They're not going to get to AGI by themselves, in fact, they're using PyTorch, and Transformers, which was published by many of us. They're profiting from the open research landscape," said Meta AI chief Yann LeCun, emphasising the role of open-source AI models and how they shape cultures, languages, and values.  Upcoming innovations and LLM scaling were discussed extensively, too. "This year, we'll see the image processing revolution, autonomous agents going off and doing the work for us, and edge AI on our own devices — all these vectors of innovation," said DeepLearning.AI chief Andrew Ng. Aiden Gomez, CEO and founder of Cohere echoed this sentiment, saying, "We're not done with scaling LLMs; we still need to push up." The NYT copyright case also came up at the event. "We wanted to pay The New York Times a lot of money to display their content," said OpenAI's Sam Altman, adding that the case came as a surprise for them.  Check out all the notable talks at WEF 2024 here. AI Forum for India. Our Discord Community for AI Ecosystem, In collaboration with NVIDIA. Join Today >> TOP STORIES OF THE WEEK >> How Generative AI is Changing the Role of Data Scientists Let's put it out straight: The role of data scientists is not fading away anytime soon. Instead, it will continue to evolve, especially with the emergence of new generative AI tools. Check out how the roles are changing here.  The Real Reason Behind Big Tech's Recent Mass Layoffs Recently, several big tech companies, including Google, Amazon and others, have laid off a significant number of employees. While some of them cite AI advancements as a reason for the layoffs, this isn't universally the case, and sometimes it is because of the quarterly-driven results for cost-cutting and restructuring. Read the full article here.  PEOPLE & TECH >> [Exclusive] Amit Sheth on Making India the AI Hub of the World Amit Sheth, the chair and founding director of the Artificial Intelligence Institute at the University of Southern Carolina (AIISC), shared with AIM the details of his recent meeting with Indian Prime Minister Narendra Modi at the Global AI Summit, where they discussed at length the knowledge economy and AI initiatives that India can build. Read the full interview here.   What Annoys Subbarao the Most? The AI field is one crowded place these days, with almost everyone donning the hat of an 'AI expert'. In order to separate the wheat from the chaff and get some clarity, AIM got in touch with Subbarao Kambhampati, professor of AI at Arizona State University for the past 32 years, and asked him what are the things that he loves, and what gets his goat. Read more here. Meet BharatGPT's GPU Buddy  AIM recently got in touch with Vishnu Vardhan, the founder of Vizzhy, a healthcare-focused company that is partnering with the creators of BharatGPT to help them build generative AI solutions. Check out the full interview here. AIM VIDEOS >> Evolution of BI & AI in Data Solutions  In the latest AIM Podcast, Sunil Vadgama, the director of customer success at MicroStrategy, shares the importance of AI and BI in business growth and decision-making in today's dynamic business landscape.  AIM EVENTS >> MLDS 2024  India's biggest generative AI conference is barely a month away. Have you booked your spots yet for some insightful sessions, presentations and networking?  Date: February 1-2, 2024  Location: NIMHANS Convention Centre, Bengaluru Register now.  AIM SHOTS >> AI is now helping people quit smoking. Quitbit, an LLM-based chatbot developed by Fred Hutch Cancer Research Centre has integrated ChatGPT to provide users with a virtual counsellor.  NVIDIA recently introduced ChatQA, a family of conversational question-answering (QA) models, aiming to achieve GPT-4-level accuracies. MIT, in collaboration with Limor Apelbaum of the Department of Radiation Oncology at Harvard University, has come up with two new AI-powered models — PrismNN and PrismLR— for the early detection of pancreatic cancer.  Andrew Ng's DeepLearning.AI, in collaboration with Google Cloud, has come up with a free short course, LLMOps. Learn more about the course here.  Just a few days after releasing Kan-Llama [ಕನ್-LLama], an Indic LLM based on a Kannada token, the researchers have released a playground to test the model. Download our mobile app Access our stories, video content and events on the go. Stay Connected info@analyticsindiamag.com © 2023 Analytics India Magazine Pvt Ltd and/or its affiliates. All rights reserved. For more information, email info@analyticsindiamag.com

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