India hosts a high-stakes AI summit in New Delhi, drawing 20 leaders and top tech CEOs
ABC News
India is hosting a major AI summit in New Delhi this week, as it pushes to shape global rules and show its own AI ambitions
NEW DELHI -- India is hosting an artificial intelligence summit this week, bringing together heads of state, senior officials and tech executives to New Delhi for a five-day gathering highlighting the growing global importance of the technology.
Organizers said the India AI Impact Summit is the first such summit being held in the Global South to discuss the technology developed and dominated by wealthy companies based in rich countries. It comes at a pivotal moment as AI rapidly transforms economies, reshapes labor markets and raises questions around regulations, security and ethics.
From generative AI tools that can produce text and images to advanced systems used in defense, health care and climate modeling, AI has become a central focus for governments and corporations across the world.
The summit, previously held in France, the U.K. and South Korea, has evolved far beyond its modest beginnings as a meeting tightly focused on the safety of cutting-edge AI systems into an all-purpose jamboree trade fair in which safety is just one aspect.
India — the world’s most populous nation and one of the fastest-growing digital markets — sees the summit as an opportunity to project itself as a bridge between advanced economies and the Global South.
Japan has recorded a trade surplus of 57.3 billion yen, or $360 million, in February, according to government data, reversing from a deficit a month earlier
The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide
The Wisconsin state Senate has passed a $133 million package to combat contamination from forever chemicals
Colombia says it is seeking a license from the U.S. Treasury Department to invest in several electricity and natural gas ventures in Venezuela
The Iran war has scrambled the Federal Reserve’s outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases
Argentina’s wine industry, once a thriving business, is facing its worst crisis in more than 15 years, with record low domestic consumption and a drop in exports
United Arab Emirates lifts brief airspace closure over Iranian attacks
The transfer of federal forest land in Arizona to a pair of international companies that plan to mine one of the largest copper deposits in North America is complete
Self-storage company Public Storage is buying National Storage Affiliates in an all-stock deal worth about $10.5 billion
The outgoing head of the Ms. Foundation says the fight for political equality in the U.S. is far from over
The European Union is weighing options to help keep the Strait of Hormuz open for global shipping
Renewable energy projects in Africa that depend on Middle Eastern sovereign wealth funds and state-backed companies will likely press ahead despite the Iran conflict, analysts say, thanks to the continent's surging appetite for power and fuel
Duke, Arizona, Michigan and Florida lead title odds for March Madness, bettors expect chalky results
Sportsbooks see top seeds Duke, Arizona, Michigan, and Florida as the clear favorites to win the NCAA men’s basketball championship