India’s enormous pool of young talent positions it to play a bigger part in the global AI ecosystem, according to experts who spoke on Thursday, as artificial intelligence (AI) is growing into a powerful force in tackling real-world problems—from speeding up scientific discoveries to building more sustainable and clean cities.
Vivek Vyas, Co-Founder of Intuitive AI, stated that the company has created AI-powered waste management solutions that are designed to make cities more environmentally friendly and clean at the World Economic Forum’s (WEF) Annual Meeting of the New Champions, also known as Summer Davos.
The firm, located in Canada, uses artificial intelligence to process and dispose of garbage ecologically. Vyas stated that its AI-powered smart waste management product is designed to be used in public places such as airports, train stations, retail centers, and other places with a lot of foot traffic.
India has a fantastic economy and is currently performing effectively. Its biggest asset is its young, skilled, and clever labor force, according to Vyas.
Dr. Hermann Tribukait, Co-Founder and CEO of Atinary Technologies Inc. , emphasized the revolutionary possibilities of AI in research and innovation, stating that the technology enables scientists to speed up research and development (R&D) and find solutions more quickly.
AI is changing scientific research by accelerating R&D and assisting scientists in finding answers more quickly, according to Tribukait.
He pointed out that more rapid scientific innovation might lead to advancements in crucial areas like medicine, clean energy, and other industries that raise the standard of living.
The creation of science and AI, according to Tribukait, should continue to concentrate on bringing about advantages for humankind.
He added that the development of science and AI should benefit mankind.
According to the Atinary Technologies CEO, India’s expanding innovation ecosystem has a large number of gifted scientists, engineers, and young inventors.
India can make a substantial contribution to worldwide scientific advancement with the correct investment in AI-driven research, Tribukait said.
On Thursday, the Summer Davos, which started on June 23, will come to an end. The theme of the three-day Innovating at Scale conference drew over 1,700 leaders to talk about global economics and innovation.