India Has A Chance To Lead In AI, Says John Chambers
Artificial intelligence is at the centre of one of the biggest stock rallies in the world, while also spurring developments in many sectors. Now, India may have a key role to play in this emerging area of technology.
That's according to John Chambers, chairman of the U.S.-India Strategic Partnership Forum.
"Do I think India has a chance to lead in AI in a way it's never led in technology before? I really do," Chambers told Tamanna Inamdar of NDTV Profit in an interview.
He also said that he's been betting on AI companies, including a few Indian firms, for seven years. The technology, he said, will have a positive impact on the world and benefit every citizen, even as he expressed concerns regarding job displacement due to it.
"I have pushed for every one of my startups to become an AI company," he said.
Nearly half of the top companies in technology and AI have Indian leaders because of a strong education system that focuses on technology, according to him.
Optimistic Of India
Chambers is also bullish about India's prospects in the world. "India is destined to become the world's largest economy," he said, adding that in over a decade, Asia's third-largest economy would be 90% bigger than China's.
He attributed this to India being willing to take risks, which wasn't the case a few years ago.
Chambers said that he is a fan of Prime Minister Narendra Modi and wishes that the U.S. had some leaders like him.
While Chambers sees the growth in India, he sees a lot of trouble for China. Chambers had been betting on China, but he pulled away in 2017 and has since encouraged businesses not to do business in China.
"China's biggest mistake in the last decade was to look internally," he said. Chambers said it might be difficult for China to come back and most of the issues faced by it were self-inflicted.
Watch The Interview Here
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
