Reliance Industries (RIL) chairman Mukesh Ambani said countries in the future would compete over data capital, and underlined the need for a sound regulation to protect this vital national resource and ensure data privacy.
Ambani, who has been a votary of data nationalisation, said India has a unique advantage to harness enormous digital capital for Artificial Intelligence (AI) driven development that is “bottom-up and inclusive”.
Speaking at Responsible AI for Social Empowerment (RAISE) 2020 summit, Ambani said the time is ripe, and the tools are ready to make India a world leader in AI and to make AI work for all Indians. The virtual summit which was held by the government of India was called for the exchange of ideas and charter a course to use AI for social empowerment, inclusion, and transformation in key areas like healthcare, agriculture, education and smart mobility amongst other sectors.
"We are confident the government will introduce a sound new data regulation framework to ensure data privacy,” Ambani said.