In a recent address, Prime Minister Narendra Modi underscored the importance of establishing a global framework for the ethical use of Artificial Intelligence (AI) and called for a concerted effort to address concerns related to biases in modern technologies. Recognizing the need for integrated solutions, he also called for a similar approach to deal with challenges posed by cryptocurrencies.
Addressing the B20 Summit India 2023, Modi emphasized the need for a global framework that considers the interests of all stakeholders in the cryptocurrency space. With the increasing popularity of cryptocurrencies, there is a pressing need to ensure an integrated and balanced approach to this matter. Moreover, Modi also highlighted the ethical considerations associated with AI, particularly issues related to algorithm bias and its societal implications. He called for collaborative efforts between business communities and governments to promote the ethical use of AI under a global framework.
Modi stressed the importance of businesses going beyond their focus on brand and sales and instead adopting an ecosystem-based approach that benefits the long-term interests of all stakeholders. He emphasized the significance of improving the purchasing power of individuals and fostering consumer-centric businesses to drive sustainable growth. In this regard, Modi proposed the establishment of an “International Consumer Care Day” to strengthen trust between businesses and consumers and promote consumer rights.
Furthermore, Modi highlighted the role of India’s private sector and micro, small, and medium enterprises (MSMEs) in the success of the Chandrayaan-3 mission, showcasing the synergy between science and industry. He also emphasized India’s attractiveness for the global business community, citing its young talent pool and digital revolution.
In conclusion, Modi’s call for a global framework on cryptocurrencies and ethical use of AI reflects the need for collaborative efforts to navigate the challenges and maximize the potential benefits of these technologies. By adopting an integrated approach and prioritizing ethical considerations, businesses and governments can create a sustainable and inclusive future.
1. What did Prime Minister Narendra Modi call for in his recent address?
Prime Minister Narendra Modi called for a global framework for the ethical use of Artificial Intelligence (AI) and urged the development of an integrated approach to address issues concerning cryptocurrencies.
2. What are the ethical considerations mentioned by Modi regarding AI?
Modi highlighted concerns related to algorithm bias and its impact on society, emphasizing the need to resolve these issues collectively under a global framework.
3. What approach did Modi suggest for businesses?
Modi urged businesses to adopt an ecosystem-based approach that focuses on long-term benefits and improving the purchasing power of individuals. He emphasized the importance of going beyond brand and sales to create consumer-centric businesses.
4. What is the proposed “International Consumer Care Day”?
Modi proposed the establishment of an “International Consumer Care Day” to strengthen trust between businesses and consumers and address consumer rights issues.
5. What role did India’s private sector and MSMEs play in the Chandrayaan-3 mission?
India’s private sector and micro, small, and medium enterprises (MSMEs) contributed essential components to the Chandrayaan-3 mission, demonstrating the success of collaboration between science and industry.