AI adoption by Indian businesses, Nasscom survey, AI’s role in cancer treatment, and other AI developments you may have overlooked today.
On December 26, also known as Boxing Day, as businesses reopen and people go back to work, we have some new developments in the field of artificial intelligence to share. According to a recent survey by Nasscom, the majority of Indian businesses have either implemented responsible AI practices or have taken steps towards adopting such practices. Additionally, researchers at the Chinese University of Hong Kong have conducted tests and discovered that AI can assist doctors in detecting cancerous tumors more effectively during colonoscopies. These are just a few highlights from today’s AI roundup. Let’s delve deeper into these stories.
Indian companies are taking steps to embrace responsible AI
According to a Nasscom survey, nearly 60 percent of surveyed Indian companies have either developed advanced Responsible Artificial Intelligence (RAI) practices or are in the process of adopting such practices. About 30 percent have a basic awareness of RAI without an official strategy. The report, based on a survey of over 500 senior executives in India, highlights the industry’s beliefs and perceptions about AI compliance. As the demand for RAI grows, industry leaders are investing in advanced tools and strategies, emphasizing transparency in AI practices. The report finds a correlation between companies increasing AI maturity and reporting higher RAI maturity.
AI in cancer detection
Researchers at the Chinese University of Hong Kong’s Faculty of Medicine have made a groundbreaking discovery that reveals the significant potential of artificial intelligence to improve tumor detection during colonoscopies, according to a report by the South China Morning Post. The focus is on identifying smaller adenomas, thus addressing the traditional “miss rate” case in detecting lesions. Unlike traditional methods that use an endoscope, the AI tool acts as an extra set of eyes for less experienced doctors and is excellent at identifying potential tumors from video footage. This advance promises to transform colonoscopy practices and reflects the continued advancement of medical technology to improve diagnostic accuracy and patient outcomes.
Artificial intelligence can detect fake luxury products
Entrupy uses AI to authenticate designer handbags and sneakers in the retail market, focusing on brands such as Balenciaga, Burberry, Gucci and Louis Vuitton. Initially available to luxury goods retailers, the tool aims to build trust among customers who are concerned about buying authentic products on the resale market.
In an interview with Elle, Entrupy founder and CEO Vidyuth Srinivasan said, “The purpose of doing this is to build trust and make it third-party verifiable. The consumer has the confidence that this is not just [one] person saying it’s authentic, but a third party , who has not invested in the trade, proves it.”
Sharing personal information with AI chatbots may not be a good idea, says Oxford prof
According to Professor Mike Wooldridge, an artificial intelligence expert at the University of Oxford, relying on ChatGPT for work issues or political preferences could have consequences, as the information shared helps train future versions of the technology, reports the Guardian. Wooldridge warns that such conversations with chatbots are “very unwise” because of potential privacy issues. He also cautions users not to expect a balanced response, as technology tends to provide answers that match users’ preferences. These insights form part of Wooldridge’s exploration of artificial intelligence at this year’s Royal Institution Christmas Lectures, where he aims to address key questions and dispel myths surrounding this ground-breaking technology.
An OpenAI investor says AI could be deflationary for the economy
Vinod Khosla, a billionaire and early supporter of OpenAI, expects AI to bring fundamental changes to the global economy. Khosla, who made a landmark $50 million investment through his private equity firm in 2019, is one of OpenAI’s first investors, marking the largest investment in the company’s 15-year history.
He wrote to X: “AI should be very deflationary in 25 years. Capital should be short, current GDP and economic metrics less relevant, but goods and services should be plentiful. The key question is what are the right measures and the right questions”.
