Metaverse
MeitY secretary on AI summit declaration – Crypto News
On Saturday, the government released the New Delhi declaration that was signed by 88 entities, including the European Union (EU) and the International Fund for Agricultural Development (IFAD).
The declaration underlined the setting up of two platforms for global sharing of tools and principles in AI, as well as a global network of scientific institutes that pledged to collaborate in various areas of research using the technology.
In an interview with Mint, S. Krishnan, secretary in the ministry of electronics and information technology (Meity), said that the countries signing the declaration expressed their intent to adhere by the pledges, and ultimately it is adherence that matters.
“We should not be so concerned with the declaration being binding or non-binding. Ultimately, it is adherence to the declaration that will be important and relevant,” Krishnan said. “On this note, if nations voluntarily bind themselves to a declaration, this likely would make a bigger difference, than making a compulsion in some form.”
To be sure, this was the fourth global AI summit, with the previous editions held in the UK, South Korea and France, and the next year’s event slated for Switzerland. All the previous editions have produced non-binding policy directives in AI—with limited impact, thereby raising questions on their effective policy impact.
Prior to the summit, industry stakeholders had raised questions on whether the five-day event, the biggest of its kind on AI in India, would achieve a fruitful policy consensus. Kashyap Kompella of RPA2AI Research and Anushree Verma of Gartner, both veteran AI analysts, had told Mint that more than the policy consensus, the bigger takeaways will be around the focus on AI models, startup pitches, investments, networking opportunities and innovation.
“If you look at the previous editions of the summit, the declarations were not specifically directive in nature. There was the setting-up of AI safety institutes after the first Bletchley Park summit in the UK, but that did not lead to large-scale global collaborations or anything definite,” Gartner’s Verma had said. “This is a key problem you face when you don’t have a binding multinational agreement, something like the Paris climate accord.”
The secretary, however, maintained that a binding declaration would not necessarily signify success. “If you want a binding agreement between nations in international law, you have to sign treaties. And in today’s world, even with treaties, do you get the feeling that something is binding? The WTO (World Trade Organization) is a key example,” he said.
Policy stakeholders said the proof of the pudding is indeed in the eating—what happens next will be keenly eyed.
“On paper, the idea of a global network of state-funded scientific research institutions working together in frontier AI is great. Given that state-funded research projects are often more constrained than their private counterparts, a global sharing of resources could give them the ability to pursue wider work areas. The question, though, is if it would really play out in the way the New Delhi declaration has intended,” said Rohit Kumar, founding partner at The Quantum Hub, a technology policy consultancy firm.
Ashish Aggarwal, vice-president of public policy at India’s technology industry body Nasscom, said that the New Delhi declaration was largely in line with India’s AI policy approach so far. “Prima facie, this can help create a policy directive and allow Indian startups to work for global markets as well. But in the end, it would all boil down to whether this actually plays out or not,” he said.
The AI Impact Summit concluded on Saturday, with information technology (IT) minister Ashwini Vaishnaw stating the event drew over 500,000 people to New Delhi’s Bharat Mandapam. Startups and top executives of global technology firms hailed it for being the first event of its scale that allowed small startups in AI to find clients, investors and partners.
The summit, however, did not come without its string of setbacks.
On 16 February, chaos descended upon the 125,000 early visitors—who, along with exhibitors, were stuck with lack of clear communication on organizational logistics. A theft of ₹25 lakh at a startup stall further marred the inaugural day, with foreign delegates raising complaints as well.
On the second and third days, Greater Noida-based Galgotias University plagiarizing an exhibit led to their removal—with the institution adamantly denying any voluntary wrongdoing. Many exhibitors also said that while five full days of expo exhibition were advertised, at least two-and-a-half days were wiped out due to security strictures, leading to disappointment.
To this, Krishnan said that despite the early hiccups, the first edition fared strongly.
“The AI Summit met most of the expectations we had and even exceeded some of our own expectations and projections in terms of the number of people in attendance, and the sheer energy and enthusiasm with which people wanted to participate,” he said.
The AI Summit drew over $210 billion in data centre investments from various parties, as well as private investment commitments, such as a $1 billion one for AI startups in India over three years by the India DeepTech Alliance. OpenAI, world’s largest private AI startup, also announced a partnership with the Tata group for AI adoption.
-
Blockchain1 week agoAnalyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic – Crypto News
-
others1 week agoShotgun.fun Launches as the First Trading Terminal With 100% Cashback – Crypto News
-
Blockchain1 week agoEther Eyes $1,500 Support After 25% Open-Interest Decline – Crypto News
-
Cryptocurrency1 week agoAnthropic CEO Warns AI Is Getting Too Powerful—While Releasing Powerful AI – Crypto News
-
De-fi1 week agoLubin-Labeled Wallet Adds 110,000 ETH to Sky Vaults Backing $259M DAI Debt – Crypto News
-
De-fi1 week agoBinance Stock Trading Draws 84% of First-Week Volume From Emerging Markets – Crypto News
-
Metaverse6 days agoMythos busters: Why US cyber giants are racing to woo India’s small businesses – Crypto News
-
Technology4 days agoFormer xAI engineer claims he was fired for raising safety concerns about Grok, told ‘AI will kill us all anyway’ – Crypto News
-
Technology4 days agoFormer xAI engineer claims he was fired for raising safety concerns about Grok, told ‘AI will kill us all anyway’ – Crypto News
-
De-fi1 week agoBitMine Buys 126,971 ETH for $207M at $1,630 Average as Prices Hit June Low – Crypto News
-
Technology1 week agoZIGChain integrates Ondo tokenized stocks, ETFs to expand onchain access – Crypto News
-
Blockchain1 week agoBitcoin Holder Accumulation Surged As Metrics Fell To Record Lows – Crypto News
-
De-fi1 week agoPolymarket World Cup Winner Markets Cross $1.8B in Volume as France-Spain Group Stage Opens – Crypto News
-
De-fi1 week agoArthur Hayes Says Bitcoin Cannot Rally Until the AI Bubble Bursts – Crypto News
-
Technology1 week agoRealme P4R 5G launched in India with 8000mAh battery, 144Hz display: Price starts at ₹18,999 – Crypto News
-
Cryptocurrency1 week agoOpenAI Wants to Kill the Chatbot It Invented and Turn It Into a Superapp – Crypto News
-
others1 week agoIBM Warns of New ‘Man-in-the-Browser’ Campaign That Locks Victims Inside Fake Bank Screens and Empties Accounts in Real Time – Crypto News
-
others1 week ago
Ethereum isn’t dead’ – Analysts weigh in as ETH rebounds above $1,600 – Crypto News
-
De-fi1 week agoBybit and Kraken Add xStocks SpaceX Tokenized Equity as Pre-IPO Derivatives Race Reaches Four Venues – Crypto News
-
De-fi1 week agoPiggyBank’s LAB Hedge Fails, Cutting USDC Vault NAV by 15% – Crypto News
-
Technology1 week agoApple’s iOS 27 could make your old iPhone feel new again with this one feature – Crypto News
-
Technology1 week agoAI is boosting accuracy for clinicians, Philips North America CEO says – Crypto News
-
Blockchain1 week agoEther Eyes $1,500 Support After 25% Open-Interest Decline – Crypto News
-
Metaverse1 week agoWhat is Claude Fable 5? 7 things to know about Anthropic’s first Mythos model – Crypto News
-
Metaverse1 week agoGoogle Gemini will now do real-time speech translation for your phone calls and online meetings – Crypto News
-
De-fi1 week agoAave Proposes Protocol-Wide Risk Framework After KelpDAO Exploit – Crypto News
-
De-fi1 week agoCrypto’s killer app may be selling stocks after its own tokens failed retail – Crypto News
-
Technology1 week agoAnthropic CEO Dario Amodei wants AI models regulated like airplanes – Crypto News
-
Technology1 week ago
Citigroup to Launch Tokenized Shares of Anthropic, OpenAI, Ripple – Crypto News
-
Technology1 week ago
Citigroup to Launch Tokenized Shares of Anthropic, OpenAI, Ripple – Crypto News
-
Blockchain1 week agoYuga Labs Developers Rescue 68 NFTs From Flooring Exploit – Crypto News
-
De-fi1 week ago160 Officials Tell Senate to Pass CLARITY Act as Floor Talks Resume – Crypto News
-
De-fi1 week agoMetaMask Launches Agent Wallet in Early Access, Giving AI Agents Self-Custody Acces – Crypto News
-
Blockchain1 week agoOpenAI Confidentially Files for US IPO – Crypto News
-
Business1 week ago
Cardano Price Prediction Ahead of June 23 Leios Testnet Launch – Crypto News
-
Technology1 week ago
Wall Street Analysts Expect Fed To Pause Rates At Kevin Warsh’s First FOMC Meeting – Crypto News
-
Business1 week ago
Anthropic Releases Public Mythos Model ‘Claude Fable’ Amid IPO Plans – Crypto News
-
Technology1 week ago
GENIUS Act: FDIC Urged Not to Expand Stablecoin Yield Ban as Senate Weighs CLARITY Act – Crypto News
-
De-fi1 week agoHumanity Protocol’s H crash exposes the private keys behind its ZK identity pitch – Crypto News
-
Technology1 week ago
Bitcoin Risks Another Windfall After Elon Musk’s SpaceX IPO, Analysts Say – Crypto News
-
Cryptocurrency1 week agoGoogle’s DiffusionGemma AI Hits 1,000 Tokens Per Second—And It’s Free – Crypto News
-
Blockchain6 days agoLaw Enforcement Shuts Down AudiA6 Crypto Laundering Ring – Crypto News
-
Blockchain6 days agoKraken Named Crypto Exchange Supporter Of FIFA World Cup 2026 – Crypto News
-
others6 days agoBybit Spot Lists xStocks’ SpaceX on IPO Day – Crypto News
-
others1 week agoSaylor’s Strategy Thunders Back After Last Week’s Bitcoin Sale Rattles Crypto Sector, Acquires $101,000,000 Worth of BTC – Crypto News
-
others1 week agoSaylor’s Strategy Thunders Back After Last Week’s Bitcoin Sale Rattles Crypto Sector, Acquires $101,000,000 Worth of BTC – Crypto News
-
others1 week ago
Strategy Shareholders Approve STRC Semi-Monthly Dividends as Stock Trades Below Par – Crypto News
-
Technology1 week ago
Crypto Market This Week: What To Expect From CPI, PPI Data Release? – Crypto News
-
Business1 week ago
Dogecoin Price Prediction Ahead of SpaceX IPO This Week – Crypto News
-
Cryptocurrency1 week agoBitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto – Crypto News
