In a groundbreaking era where the investment of hundreds of millions of dollars in artificial intelligence (AI) is yielding massive dividends, the landscape is shifting with the emergence of generative AI (GenAI). Over the past five years, AI adoption has more than doubled, but the spotlight now turns to the transformative potential of GenAI. At the upcoming Mint AI Summit in New Delhi, experts will convene to explore the utilization of AI and GenAI models while addressing the challenges posed by the exponential growth of these technologies. Recent events, such as Sam Altman’s ouster and reinstatement at OpenAI, underscore the tensions surrounding uncontrolled developments in GenAI.

Scheduled for this Friday, the Mint AI Summit boasts an impressive lineup of speakers, including Neeraj Mittal from the Department of Telecommunications, Amitabh Nag, CEO of Digital India Bhashini Division, and industry leaders from Mahindra Group, Aditya Birla Group, and Maruti Suzuki. The discussions will draw from real-world experiences, focusing on the strategic use of deep-tech and emerging technologies to foster growth and promote 'Make in India' goods and services.

Artificial intelligence received a significant boost with the meteoric rise of ChatGPT, amassing over 100 million users within two months of its November 30, 2022 release. The success lies in the evolution from traditional machine learning techniques to advanced multimodal models, particularly self-supervised learning, enabling ChatGPT to generate diverse content beyond text. Positioned as a dominant global AI-powered chatbot, ChatGPT faces new competition, notably from Google Gemini, posing a challenge to OpenAI's GPT-4.

In India, ChatGPT has emerged as the preferred AI tool, especially on mobile devices, capturing 60% of the traffic among the top 50 AI platforms analyzed. Despite corporate turmoil at OpenAI, India stands out with the highest number of ChatGPT app installations globally, reflecting the widespread adoption of AI-powered tools. However, as the demand for AI tools grows, the primary concern shifts to security and privacy, emphasizing the imperative for industry and researchers to address these challenges amidst the rapid evolution of artificial intelligence.The Mint AI Summit promises to be a crucial forum for navigating the dynamic landscape of AI and GenAI, bringing together thought leaders to shape the future of these transformative technologies.