The U.S.-India Business Council (USIBC) has taken a significant step forward in the field of artificial intelligence (AI) with the launch of the Artificial Intelligence Task Force (AI-TF). This groundbreaking initiative aims to synchronize the leadership of India and the United States in the domain of AI.
In a press release issued on Wednesday, the USIBC outlined the objectives of the AI-TF, stating that it will “advance AI concepts and principles, drive multistakeholder processes, and promote the development and commercialization of AI technologies.” The AI-TF builds on the Chamber of Commerce’s AI principles and endorsement of the OECD’s recommendations on AI.
The strategic significance of this endeavor was emphasized by Atul Keshap, President of USIBC, who stated, “As we embark on this transformative journey with the establishment of the AI-TF under USIBC’s leadership, our strategic focus is clear.” Keshap highlighted the immense potential of AI and its role in propelling competitiveness in both the US and Indian economies, as well as in citizen-led societies.
The joint vision of India and the U.S. to pioneer a future where AI propels progress and upholds shared values and democratic principles was underscored by Keshap. This initiative aims to harness the power of AI to foster advancements in various sectors.
The creation of USIBC’s AI-TF has been praised by Ed Knight, Executive Vice Chairman of Nasdaq, who sees it as a significant stride towards cultivating a deeper partnership on transformative technologies. Knight emphasized the task force’s role in advocating for a principled approach to AI adoption, ensuring its safe and secure integration into various sectors.
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Sethuraman Panchanathan, Director of the U.S. National Science Foundation, highlighted the partnership as pivotal for shaping a future characterized by a “trustworthy, safe, and secure AI ecosystem.” He stressed the necessity for collaborative efforts among researchers to drive cutting-edge innovations while upholding shared values and principles.
The USIBC, which represents leading global companies operating across the United States, India, and the Indo-Pacific region, is known for its commitment to identifying and advancing key policy priorities. With the launch of the AI Task Force, the USIBC is further solidifying the commitment of the U.S. and India to spearhead innovation and collaboration in artificial intelligence. This positions both nations at the forefront of AI leadership on the global stage.
The AI-TF will play a crucial role in advancing AI concepts and principles, driving multistakeholder processes, and promoting the development and commercialization of AI technologies. By bringing together expertise and resources from both India and the United States, the AI-TF aims to shape a future where AI is integrated in a safe, secure, and principled manner.
The partnership between the U.S. and India in the field of AI is not only significant for these two nations but also for the global AI ecosystem. As AI continues to evolve and transform various industries, collaboration and cooperation among nations are essential to ensure the responsible and ethical development and deployment of AI technologies.
With the launch of the AI Task Force, the U.S.-India Business Council is setting a precedent for other countries and organizations to follow. By working together and leveraging each other’s strengths, the U.S. and India are pioneering AI leadership and paving the way for a future where AI-driven progress benefits societies around the world.