India AI Summit: Ashwini Vaishnaw Calls AI 5th Industrial Revolution, Shares Plans for UPI-Like AI Platform

During the second day of India's inaugural AI Impact Summit, Union Minister Ashwini Vaishnaw emphasized the transformative potential of artificial intelligence, dubbing it the '5th Industrial Revolution'. He outlined India's ambition to emerge as a leader in AI technology and shared plans for a new AI platform akin to the Unified Payments Interface (UPI), aimed at enhancing accessibility and integration of AI solutions across various sectors. Vaishnaw also raised alarms over the risks posed by deepfakes and stressed the necessity for stringent regulatory frameworks to address such challenges, ensuring that AI development aligns with ethical standards and public safety. This summit marks a significant step in India's journey to harness AI for economic growth and innovation, reflecting the government's commitment to fostering a robust digital ecosystem.