By THE NEWSMAN OF INDIA.COM|
Ashishkumar Chauhan, MD & CEO of NSE Limited, has authored a thought-provoking feature on the unfolding story of Artificial Intelligence. In his article, he discusses how AI is set to transform lives and economies, the shifting global technology landscape, and the emerging democratization of AI models. Chauhan emphasizes that India, with its strong adaptability and IT expertise, is poised to be one of the biggest beneficiaries of this technological revolution, even as the world prepares for the next phase—where AI converges with Robotics.

AI story till now. It is still unfolding.

AI is a very useful technology and will change life transformationally in next few years and decades. It will generate substantial productivity gains in most areas like electricity, telecom or IT did.

In AI, Large US companies and Government of US tried to project it as a matter of large investments rather than use of brains. Extremely Costly hardware, trillion dollar models etc were to some extent part of the hype, awe and shock model US adopts to control most new technologies to keep small countries and small companies out.

In last 3 years since ChatGPT started, it was a constant reminder every day that countries like China are enemies because they also have AI capabilities they built over last twenty years using government planning and coordination.

It was also projected that Countries like India are losers is AI field – because they are neither like US which can spend trillions of USD or are like china where government capabilities of to direct investments and efforts are immense.

AI field has been changing fast and becoming democratised every day. Democratisation of technology brings down costs of new technologies with each passing day. The AI tech waves are coming faster at a pace that no one is able to control or even comprehend let alone own.

Last few weeks have proved that much more effective hundreds of open weight AI models coming out of China and other countries don’t require large compute also that has been projected by US AI groups. These Chinese models are being proved to be equal or better in their effectiveness for purpose.

Broadly, the hype, shock and awe part of the US AI story has been punctured substantially in last few weeks. Repercussions will be felt over next several years.

User countries like India would be the beneficiaries. For example, over last 60 years, India didn’t invent computer chips, most computer languages, databases, network equipments etc. Despite that India has been one of the winners of the IT race in the world over last several decades.

I am becoming more confident that India will be the biggest winner of AI race as the most adaptive country for Informarion technology in next 20-30 years. Indian policy makers, organisations and individuals will have to work hard, coordinate and make the best out of this extremely fast evolving situation.

Next race is already building up. Robotics between US and China. How do we get prepared and how do we combine Robotics with AI to be the biggest beneficiaries of this new fast moving race needs to be thought through.