| We’re not waiting for AI’s future to unfold, but we’re actively shaping it: Sridhar Babu |
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| In an insightful interview, Telangana IT Minister Sridhar Babu discussed the state’s proactive approach to shaping the future of artificial intelligence (AI) through initiatives like the Global AI Summit 2024 and the development of AI City. He emphasized that Telangana is not passively waiting for the future of AI to unfold but actively shaping it, reflecting Alan Kay's philosophy: "the best way to predict the future is to invent it." |
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| The AI City is a cornerstone of Telangana's strategy to enhance its role in the global AI ecosystem. With cutting-edge research facilities, innovation labs, and startup incubators, the AI City aims to create a collaborative environment for AI professionals and entrepreneurs. This initiative aligns with the state’s ambition to drive innovation across various sectors, including finance, healthcare, and manufacturing. |
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| Babu highlighted that the Global AI Summit 2024 will be a crucial milestone in establishing Hyderabad’s presence in the global AI market, which is projected to be worth $2 trillion. The summit is expected to showcase Telangana's robust technological ecosystem and its commitment to harnessing AI's potential for economic growth. By hosting the summit, Telangana aims to attract investments and help its IT sector reach a target of $200 billion within the next year. |
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| Moreover, the minister noted that over 70% of companies are allocating more than 20% of their IT budgets to digital and emerging technologies, signaling a substantial shift towards AI integration. Telangana is strategically positioning itself to capitalize on this trend through its investments in AI infrastructure, which include hosting the Global AI Summit and developing the AI City. |
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| A significant focus of the summit will be on addressing the ethical and regulatory challenges associated with AI. Babu stressed the importance of raising awareness about AI's dual nature—its benefits and potential risks. The summit will serve as a platform for discussions among thought leaders, industry experts, and policymakers, aiming to develop policies that ensure responsible and ethical AI usage. |
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| Additionally, the recent delegation trip to the United States has significantly boosted Telangana's global profile. This trip allowed the state to showcase its technological advancements and foster international partnerships, further enhancing its investment prospects in the tech sector. |
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| As the state looks ahead, it plans to address the evolving challenges and opportunities within the AI sector. The summit will focus on enhancing skills development and training programs to prepare the workforce for AI-related roles, fostering a seamless transition to an AI-centric economy. Telangana's commitment to capacity building aims to create a skilled talent pool that can drive future innovation. |
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| In conclusion, Sridhar Babu's insights underline Telangana's ambition to become a global leader in AI innovation. The Global AI Summit 2024 will not only showcase Hyderabad's emerging role as a tech hub but also set a new standard for AI-driven progress and responsible innovation. With strategic investments and a clear vision, Telangana is poised to harness AI's transformative power to create lasting value and opportunities on a global scale. |
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