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Re-imagining Algorithmic Fairness in India and Beyond

arXiv.org Artificial Intelligence

Conventional algorithmic fairness is West-centric, as seen in its sub-groups, values, and methods. In this paper, we de-center algorithmic fairness and analyse AI power in India. Based on 36 qualitative interviews and a discourse analysis of algorithmic deployments in India, we find that several assumptions of algorithmic fairness are challenged. We find that in India, data is not always reliable due to socio-economic factors, ML makers appear to follow double standards, and AI evokes unquestioning aspiration. We contend that localising model fairness alone can be window dressing in India, where the distance between models and oppressed communities is large. Instead, we re-imagine algorithmic fairness in India and provide a roadmap to re-contextualise data and models, empower oppressed communities, and enable Fair-ML ecosystems.


Startups Seek High-Tech Solutions For Massive Food Waste

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Startups and venture capital are pouring into what might seem an unlikely place: India's vast, outdated agriculture industry. Seizing on controversial new deregulation, entrepreneurs are selling farmers apps to connect them to big buyers nationwide and using artificial intelligence (AI) to improve the rickety supply chains that lose one-fourth of India's produce to wastage. Enormous amounts of India's grain, fruit and vegetables rot between farm and table because of manual handling, repeated loading and unloading, poor inventory management, lack of adequate storage and slow movement of goods. This rate of wastage from faulty supply chains is four to five times that of most large economies, experts say. Prime Minister Narendra Modi's government introduced changes it calls a watershed that will "remove middlemen and let farmers sell their produce directly to buyers," improving their prospects, especially in far flung areas.


Artificial intelligence can play critical role in fraud detection in banking

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With more users now banking online, the risk of being duped by fraudsters is higher than before. A May survey by ACI Worldwide and YouGov found that 32% Indians were using digital payments more, while 31% were recently targeted by a card or digital payments fraud or know someone who was. According to a 2019 RBI report, losses due to banking frauds have grown by 73.8%. Dilip Asbe, MD, CEO, National payments Corporation of India (NPCI), said that many banks in India have already launched fraud detection robo advisory services for investments. Asbe was speaking at the global AI summit RAISE (Responsible AI for social Empowerment), being held online from October 5-9. Also, speaking at the summit, T Rabi Shankar, executive director at the Reserve Bank of India (RBI), agreed that AI backed robo advisory services have a lot of potential.


Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom

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Pune: Artificial Intelligence (AI) and data could add $450-$500 billion to India's GDP by 2025, industry body Nasscom said in a report. According to the'Unlock Value from Data and AI: The Indian Opportunity' report, this could in turn aid India's economic growth and recovery. Nasscom's action plan recommends focusing on five key areas -- strategy, data, technology stack, talent and execution. According to the report, if India acts quickly, it can become a leader in building a holistic data utilization and AI effort, especially as countries emerge from the pandemic and global economic slowdown. The action plan and report has been reviewed by industry leaders including N. Chandrasekaran, Chairman of Tata Sons; Rishad Premji, Chairman, Wipro; UB Pravin Rao, Chairman, Nasscom and Anant Maheshwari, President, Microsoft India.


Artificial Intelligence could add $450-$500 billion to GDP by 2025: Nasscom

#artificialintelligence

Pune: Artificial Intelligence (AI) and data could add $450-$500 billion to India's GDP by 2025, industry body Nasscom said in a report. According to the'Unlock Value from Data and AI: The Indian Opportunity' report, this could in turn aid India's economic growth and recovery. Nasscom's action plan recommends focusing on five key areas -- strategy, data, technology stack, talent and execution. According to the report, if India acts quickly, it can become a leader in building a holistic data utilization and AI effort, especially as countries emerge from the pandemic and global economic slowdown. The action plan and report has been reviewed by industry leaders including N. Chandrasekaran, Chairman of Tata Sons; Rishad Premji, Chairman, Wipro; UB Pravin Rao, Chairman, Nasscom and Anant Maheshwari, President, Microsoft India.


AI, machine learning can help achieve $5 trillion target: Piyush Goyal - ET CIO

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Commerce and industry minister Piyush Goyal on Monday said artificial intelligence (AI) and machine learning can help India achieve the $5 trillion economy benchmark over the next five years. "Our government believes artificial intelligence, in different forms, can help us achieve the $5 trillion benchmark over the next five years, but also help us do it effectively and efficiently," Goyal said while inaugurating the National Stock Exchange (NSE) Knowledge Hub. The hub is an AI-powered learning ecosystem for the banking, financial services and insurance (BFSI) sector. The minister referred to an Accenture report that said AI and machine learning have the potential to contribute nearly $1 trillion to the Indian economy by 2035 and said the Knowledge Hub created by NSE will fill in the gaps and help the financial sector to move into the future. Goyal said Prime Minister Narendra Modi sat through a whole day with officials from various ministries to get the sense of urgency to understand the importance of AI and how it can help put the Indian economy on the fast track.


AI, machine learning can help achieve $5 trillion target: Piyush Goyal

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NEW DELHI: Commerce and industry minister Piyush Goyal on Monday said artificial intelligence (AI) and machine learning can help India achieve the $5 trillion economy benchmark over the next five years. "Our government believes artificial intelligence, in different forms, can help us achieve the $5 trillion benchmark over the next five years, but also help us do it effectively and efficiently," Goyal said while inaugurating the National Stock Exchange (NSE) Knowledge Hub here. The hub is an AI-powered learning ecosystem for the banking, financial services and insurance (BFSI) sector. The minister referred to an Accenture report that said AI and machine learning have the potential to contribute nearly $1 trillion to the Indian economy by 2035 and said the Knowledge Hub created by NSE will fill in the gaps and help the financial sector to move into the future. Goyal said Prime Minister Narendra Modi sat through a whole day with officials from various ministries to get the sense of urgency to understand the importance of AI and how it can help put the Indian economy on the fast track.


Why 2019 was a good year for startups

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By Padmaja Ruparel 2019 saw the Indian entrepreneurial ecosystem make a paradigm shift. The country's startup landscape saw the emergence of seven new unicorns and value creation of $90 billion. Little wonder, then, that India is globally ranked third in its number of startups, behind only the US and China. The first half of 2019 saw $3.9 billion invested across 292 domestic investment deals, marking an increase of more than 44% over the same period in 2018. Emerging startups also benefited from the windfall.


10th-Largest Indian State to Release Policy for Blockchain and AI

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The Indian state of Tamil Nadu is reportedly working on a state-level policy for blockchain technology and artificial intelligence (AI). On Oct. 31, local news outlet The Times of India reported that Tamil Nadu, the 10th-largest state in India, is working on separate policies for blockchain and AI which could be released as soon as the next 10 days. Tamil Nadu's blockchain and AI policies are expected to establish ground rules on how the state government can apply the emerging technologies for service delivery and solving governance issues. Santosh Misra, CEO of the state's e-Governance Agency commented: "We are working on separate policies on blockchain and AI. The AI policy is going to be perhaps the world's first policy addressing safe and ethical use of AI [...] No state or country has announced a standalone policy to address the safety and ethics associated with AI, and we have no precedence for it."


Dhanteras 2019: Gold prices float around Rs 38,000 in Diwali week

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Technology skills such as Artificial Intelligence/Machine Learning (AI/ML), digital marketing and design thinking will be important to drive the future growth, finds a survey by ed-tech firm Great Learning. The analysis of 307 corporates (ranging from small and medium enterprises (SMEs) to large corporate) focussed on finding out top skills that organisations will need to drive future performance and how they may plan to bridge the impending skill deficit among their ranks. As per the survey, 25 per cent of all companies believe AI/ML are the most crucial skills needed to ensure an organisation's future growth. Digital marketing emerged second with 19 per cent finding it most crucial. Prime Minister Narendra Modi on Tuesday met with the members of JP Morgan's International Council in New Delhi and discussed his vision for making India a USD 5 trillion economy by 2024.