The advancement of AI has sparked discussions about accountability among key figures in the industry.

During the GenAI Summit held by Inc42 in Bengaluru, leaders in the industry underscored the necessity of regulating AI and safeguarding data privacy. There's a growing discourse on the potential job displacement due to AI adoption, as highlighted by IBM's prediction that AI users may replace those who don't utilize it. However, the International Labour Organisation (ILO) suggests that AI will complement human work rather than entirely supplant it, with potential for new job creation. The panel discussion on "The Blueprint for Responsible AI" explored strategies for ethical AI implementation, led by figures like Sanjay Mohan from MakeMyTrip and Nikhil Gupta from LimeChat. They stressed the importance of trustworthy data and transparency in AI processes. Kalpana Bansal from Darwinbox emphasized the need for human judgement despite AI advancements, particularly for roles involving repetitive tasks. The conversation also addressed the significance of regulating the AI sector to ensure data protection and mitigate risks associated with AI misuse. These discussions occur amidst the rapid growth of the Indian GenAI sector, with startups like SarvamAI and Krutrim spearheading innovation and investment in the field, projected to reach $17 billion by 2030.