Adobe CEO Shantanu Narayen Highlights India’s Potential to Lead in Artificial Intelligence

India’s advancements in technology are evident through the success of local tech giants such as TCS, Infosys, Tech Mahindra, Wipro, and HCL Tech. Additionally, numerous other companies, both large and small, have played a significant role in enhancing India’s digital presence. A notable recent accomplishment was the Chandrayaan-3 mission, where the Indian Space Research Organisation (ISRO) successfully landed a lander and rover on the moon, surpassing Russia’s unsuccessful Luna-25 spacecraft attempt.

All this was probably on the mind of Adobe CEO Shantanu Narayen, who on Friday lauded what India had achieved as a country in technology.

Narayen said he was a “massive fan” of the digital infrastructure created by India and praised the country for its infrastructure, skills, technology, innovation and entrepreneurship.

He was speaking on the sidelines of the B20 Summit India 2023, where global CEOs and business leaders have gathered in the capital for one of the biggest business gatherings this year.

“I am a huge fan of the digital infrastructure India is building… it is infrastructure, it is know-how, technology, innovation and entrepreneurship,” Narayen told PTI.

Business 20 (B20) is the official G20 forum for discussion with the global business community.

Earlier, speaking at a session on ‘Artificial Intelligence for Businesses and Societies: Opportunities and Regulations’, Narayen said India accounts for a whopping 46 per cent of global digital payments, with one billion people having Aadhaar cards and 850 million smartphone and internet users. the opportunity to be at the forefront of artificial intelligence.

At the same forum, IBM CEO Arvind Krishna spoke about the possibility of artificial intelligence.

Speaking on Friday, Krishna said he was very “excited” about AI’s power to boost productivity, which could help businesses and even economies grow faster – yesterday an Australian official said AI has the power to grow the country’s economy many times over. Australia’s Productivity Commissioner Michael Brennan said on Thursday that artificial intelligence could have a big impact on improving economic output in the coming decades as the Western world deals with a productivity crisis.

Krishna said that by building into the digital infrastructure, artificial intelligence (AI) can take certain low-level cognitive tasks and be able to do them.

“When you can do that, you make everyone more productive, you actually have more workers… you generate more GDP in every country… When we go back to the early B20s about inclusion, that’s the way. to make GDP grow faster in every country,” he said.

Krishna added, “Our goal should be how we make safe and responsible AI that can benefit the productivity of businesses and governments.”