OpenAI chief Sam Altman has said the world urgently needs to regulate artificial intelligence, warning that unchecked centralisation of the technology could have serious consequences.
Speaking at the AI Impact Summit in New Delhi on Thursday, Altman highlighted both the opportunities and risks associated with rapidly advancing AI systems.
“Centralisation of this technology in one company or country could lead to ruin,” Altman said, adding that regulation and safeguards are urgently required, much like other powerful technologies developed in the past.
Frenzied global demand for generative AI tools has significantly boosted company profits, while also raising concerns over societal disruption, misinformation and environmental impact.
Leaders call for inclusive and responsible AI
Addressing the gathering, Prime Minister Narendra Modi emphasised that AI should serve the broader public good.
“We must democratise AI. It must become a medium for inclusion and empowerment,” he said, noting that humans and intelligent systems are entering a phase of co-creation and collaboration. He urged stakeholders to ensure AI benefits the global community.
UN Secretary-General Antonio Guterres echoed similar sentiments, calling for the creation of a $3 billion global fund to promote open access to AI technologies. He said AI should not be controlled by a limited number of nations or individuals.
French President Emmanuel Macron, who hosted last year’s summit, stressed the need for safe oversight while encouraging innovation. Meanwhile, Google CEO Sundar Pichai and Anthropic CEO Dario Amodei were among the industry leaders who addressed the event.
Microsoft co-founder Bill Gates cancelled his scheduled appearance shortly before the summit began. His foundation said the move was to keep the focus on the summit’s key priorities. Gates has recently expressed regret over past interactions with Jeffrey Epstein, though the mention of a name in related files does not imply wrongdoing.
Big investments and infrastructure push
India is positioning itself as a major AI hub and expects over $200 billion in investments over the next two years. During the summit week, major announcements were made by global technology firms.
OpenAI and Indian IT major Tata Consultancy Services said they will jointly build hyperscale AI data centre capacity in India. Google announced plans to lay subsea cables connected to its broader $15 billion AI infrastructure initiative. Chipmaker Nvidia also revealed partnerships with Indian cloud firms to supply advanced processors for AI data centres.
The rapid expansion of power-intensive AI data centres worldwide has raised environmental concerns, particularly over electricity and water consumption as countries work toward decarbonising energy grids.
Job concerns and India’s ambitions
India rose to third place in a global AI competitiveness ranking compiled by Stanford researchers last year, though experts say it still trails the United States and China significantly.
One key concern remains the potential disruption of jobs, especially in India’s large call centre and technology support sector. However, Reliance Group chairman Mukesh Ambani said AI would generate new high-skilled employment opportunities rather than eliminate work.
World leaders are expected to release a joint statement on Friday outlining their approach to managing the fast-evolving AI landscape.