Ladies and Gentlemen, I am happy to be here today at the inauguration of the Wadhwani Institute of Artificial Intelligence. Let me begin by congratulating Romesh Wadhwani ji and Sunil Wadhwani ji,The Government of Maharashtra, and Mumbai University for coming together to make this Institute a reality. This is a prime example of how the public sector and the private sector can combine with good intention to build a world-class institute aimed at benefiting the poor. I have had various interactions with Indian diaspora across the globe during the last three and a half years or so. I have felt an intense desire, to make a contribution to India.

Artificial Intelligence (AI) is a disruptive force that is defining the Fourth Industrial Revolution (4IR) and promises to change nearly every aspect of business and society. Most agree its impact will be profound--nearly 3 in 4 (72%) of business leaders (reports the PwC Consumer Intelligence Series survey on AI) believe AI will be the business advantage of the future. But AI technologies (including machine learning, deep learning, natural language processing and generation, autonomous systems, robotics, virtual assistants) are so complex and advancing so quickly it's impossible to pin down what will happen over the next 5 to 10 years. But you can--and should--anticipate what's coming in the near-term so you can prepare your business and workforce for a world in which AI is the engine that drives exponential amounts innovation. In fact, a recent PwC study forecasted that AI will contribute $15.7 trillion to global GDP by 2030.

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Hyderabad: Allaying fears of job loss due to increasing use of newage technologies like artificial intelligence, machine learning and others, Union Minister of Information Technology Ravi Shankar Prasad said that the Government has set up multiple committees on artificial intelligence, mapping technologies, cyber security for large scale implementation. Likening digital governance to good governance, he said India saved Rs 7000 crore by removing middlemen in delivery of government services. Various welfare programmes are being taken to doorsteps of people. "Technology should reach ordinary citizens. Story of India will be replicated on many parts," he said at the inaugural WCIT 2018 event at HICC. "There is no need to dear job losses due to artificial intelligence. There was a similar thing when computers came. But now they have revolutionised many sectors. Power of technology has to be harnessed and transition has to handled well," he said.

Mumbai: In a first in the country, the State government will be setting up an institute for artificial intelligence (AI) in Mumbai. Chief Minister Devendra Fadnavis will unveil the plan for the institute during the Magnetic Maharashtra Summit, and at the Global Economic Conference in Canada next month. "We have discussed cooperation in artificial intelligence and other port-led development. Maharashtra has already become the first state to unveil a FinTech Policy," said the Chief Minister, while setting up a joint working group for AI cooperation with the government of Canada on Tuesday. The meeting between Canadian Minister of International Relations, Christine St-Pierre, and Mr. Fadnavis was held on AI cooperation in the industrial and service sectors.

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Capitalism has been the most successful economic and political system in the history of humanity. It has pushed private companies to innovate and create new products and services that, in turn, has helped billions of people to see huge improvements to their quality of life worldwide. After the world wars, the growth of businesses in capitalist societies needed human labor to grow, creating a sizable and healthy middle class in the process. Hundreds of millions of people moved from living in tiny shacks and apartments to living in their own houses and driving their own cars to work. The work itself, thanks to the progress of technology, was becoming gradually cleaner, more interesting and more dependent on using one's brain instead of hands.

Prime Minister Narendra Modi on Sunday said that with Artificial Intelligence (AI), bots and robots, productivity will increase, but warned of rising apprehensions of'human redundancy' as the mind and machines would compete directly. For avoiding this scenario, he urged that AI should be Made in India and Made to Work for India and asked the students and teachers to identify the grand challenges facing the country that can be resolved by applications of AI....

Prime Minister Narendra Modi on Sunday said that with Artificial Intelligence (AI), bots and robots, productivity will increase, but warned of rising apprehensions of'human redundancy' as the mind and machines would compete directly. For avoiding this scenario, he urged that AI should be Made in India and Made to Work for India and asked the students and teachers to identify the grand challenges facing the country that can be resolved by applications of AI.

Released in 2015, Domingos's book is an introduction to machine learning and how it relates to everyday life. The answer to all the learning problems of AI technology, argues Domingos, a professor of computer science at the University of Washington, is an ultimate "master" algorithm that gives itself feedback to develop endlessly. He writes: "If it exists, the Master Algorithm can derive all knowledge in the world--past, present, and future--from data. Inventing it would be one of the greatest advances in the history of science."