Artificial Intelligence & Generative AI Opportunities & Challenges

Chat GPT has been all the rage lately and Artificial Intelligence track at #TiEcon 2023 will highlight the latest advances in AI.  In this post, I will share info on AI and Generative AI and in the next post, I will share some info on exciting AI tracks at TiEcon 2023. Please see both posts for complete details on the tracks at TiEcon.

Simply put, AI combines advances in computer science with robust datasets to enable problem-solving. Assigning repetitive cumbersome tasks to the machines enables for error free processing and enables research and development processes to be speedy and more efficient. However, traditional AI was not very creative and people complained that a lot of garbage-in frequently resulted in more garbage out.

Generative AI algorithms offer a superior way, enabling machines to generate new outputs based on the data they have been trained on. Whereas traditional AI systems recognize patterns and offer outputs, Generative AI systems can recognize patterns and can make new predictive content in the form of images, text, audio, and more.  

Generative AI technology is increasingly going to be used in all industries. For instance, in the field of drug discovery, it can be trained to sift through vast amounts of documents and data and  predict drug efficacy and side effects within a short time, saving enormous resources and time. This in turn could result in lower drug prices and speedier availability of effective drugs, thus saving lives. Generative AI has implications in diverse fields such as art, music, fashion, gaming, cybersecurity and more. By allowing teams to simulate products in virtual environments and for complex problems to be solved more quickly it can save resources, accelerate speed of innovation and improve accuracy. 

Please see next post on details on AI tracks at #TiEcon 2023, the largest entrepreneurship conference to take place in Santa Clara, CA in May, 2023 and register for the conference at http://www.tiecon.org .

Internationally Famous Ronnie Screwvala, to give Keynote Address at TiEcon 2013 – Preview

UTV was a humble cable distribution venture in 1981, in India.  It would have been hard to imagine UTV to be a multi-media conglomerate it is today.  Last year, Walt Disney acquired a controlling stake in UTV for reported $454 million.  Walt Disney India’s Managing Director Ronnie Screwvala, founder of UTV and a serial entrepreneur, will be giving a keynote address at www.tiecon.org , May 15, 16, 2013.

I am looking forward to Screwvala share a few details about the secret sauce that has led to UTV’s tremendous national and international success.  Undoubtedly, being affiliated with Disney must provide a huge international reach and marketing expertise.  But content is the ultimate king and what is UTV’s strategic thinking behind content, to now reach its international audience?  The 2012 Oscar entry Barfi and current hit Kai Po Che (movie review – http://bit.ly/YVGeEO ) are examples of themes and content that equally resonate with domestic and international audience alike.

Screwvala’s reach is enormous.  He was named 100 most influential people in the world, on Time 100, in 2009 and was listed amongst 25 Asia’s Most Powerful, by Fortune Magazine.  He was named Entrepreneur of the year by Ernst and Young.   Screwvala’s new holding company Unilazer Ventures, with Rs. 1,000 crores, has been in discussions about growth investments in online fashion brands Zovi and SherSingh, among others.

Besides for profit deals and ventures, besides influencing fashion and form, Screwvala has also recently established a social work initiative called Swades, with an aim to transform and scale the influence of NGOs.  The goal is that after the NGO does the development work for 3-5 years in a village, the village can be left empowered as a self-sufficient community that can prosper without any more help from outside.  Screwvala is putting in $100 million and plans to raise another $100 million, with a total of Rs. 1 billion for the initiative.

UTV is active in four verticals, consumer products, new media & gaming, TV (nine channels include the Disney network) and film.  It seems, Screwvala will continue to enthrall and influence, dazzle and educate many, both in India and internationally.  Don’t miss a chance to hear Screwvala speak at TiEcon, 2013.  Perhaps he may share a secret or two on how to succeed at entrepreneurship beyond your imagination. Register for the conference at www.tiecon.org .

See my earlier preview articles on other TiEcon 2013 keynotes on Data Wizard D. J. Patil at http://bit.ly/YYyOxd and Bharat Desai, Chairman Syntel, at http://bit.ly/13HmSrQ .