During the recent Global IndiaAI Summit, the session “IndiaAI: From Seed to Scale—Empowering India’s Startup Ecosystem” shed light on the vibrantly evolving AI ecosystem in India and startup financing. During the session, Abhishek Singh, Additional Secretary of @GoI_MeitY
, said,
POLICY
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India’s AI Startup Ecosystem Growth and Government Support
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Revolut simplifies share structure for regulatory compliance with SoftBank
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– Revolut wouldn't have gotten this had it not simplified share structure w/ SoftBank. The venture backed fintech had lots of share classes. This was inconsistent w/ PRA rules
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India allocates Rs 551.75 crore to advance AI research
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The Union Government has allocated Rs 551.75 crore to the IndiaAI Mission, emphasizing its commitment to advancing artificial intelligence research and applications. This initiative aims to position India as a global leader in AI. Click on the link to know more
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OpenAI API Data Privacy Policy Clarification
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We don't train on this data (or any other data submitted via our API):
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Corporate Digital Responsibility and AI Ethics Leadership
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Great share,
@Ronald_vanLoon — corporate digital responsibility is critical. -
AI News: OpenAI Scrutiny, Llama 3.1, Video Tools, Jobs
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Top stories in AI today: -Senators demand answers on OpenAI's practices
-Meta's Llama 3.1 takes on GPT-4o
-Create 8-second clips with new AI video model
-Adobe’s new AI features for Photoshop
-5 new AI tools & 4 new AI jobs Read more: http://
therundown.ai/p/senators-dem
and-answers-openai-practices
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Global AI Summit Emphasizes Innovation-Friendly Regulatory Frameworks
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During the recent Global IndiaAI Summit, the panel “Collaborative AI on Global Partnership” emphasized the need for regulatory frameworks that do not hinder innovation. Dignitaries from ministries and international corporations participated in the session, focusing on the future
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AI Companies Ignoring Intellectual Property Rights
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And the overt ignoring of IP when it doesn’t suit AI companies.
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Meta’s Multimodal LLaMA AI Model Faces EU Regulatory Challenges
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Meta's latest breakthrough in AI #technology, the multimodal LLaMA model, is making waves! (But the #EU may not be able to take advantage of it!) https://
theverge.com/2024/7/18/2420
1041/meta-multimodal-llama-ai-model-launch-eu-regulations
… This new AI model promises to revolutionize how we interact with technology by seamlessly integrating -
Meta’s Llama 3.1 Open-Source Release and AI Regulation Concerns
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Thank you Meta and the Llama team for your huge contributions to open-source! Llama 3.1 with increased context length and improved capabilities is a wonderful gift to everyone. I hope foolish regulations don't like California's proposed SB1047 don't stop such innovations.