English हिन्दी
Connect with us

Latest world news

Sam Altman calls for urgent AI regulation at India AI Impact Summit

OpenAI chief Sam Altman calls for urgent regulation of artificial intelligence at the India AI Impact Summit, as global leaders debate safeguards, investments and job impact.

Published

on

Sam altman ai impact summit

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.

Latest world news

India calls US religious freedom body biased over RSS sanctions demand

India has criticised USCIRF as biased and lacking credibility after the US body urged sanctions against RSS members ahead of Mohan Bhagwat’s New York visit.

Published

on

India has criticised the United States Commission on International Religious Freedom (USCIRF) after the US body called for sanctions against members of the Rashtriya Swayamsevak Sangh (RSS) ahead of RSS chief Mohan Bhagwat’s scheduled visit to the United States.

External Affairs Ministry spokesperson Randhir Jaiswal described USCIRF as a “biased organisation” and said it lacked credibility.

“It is a biased organisation. I would say that we should keep away from such organisations as they have their own agenda and lack any credibility,” Jaiswal said.

He also accused the body of making “disparaging and inflammatory remarks” about India and said the USCIRF was unlikely to engage with the country’s “pluralistic framework” or acknowledge the harmonious coexistence of its diverse communities.

USCIRF seeks sanctions against RSS members

USCIRF chair Asif Mahmood opposed Mohan Bhagwat’s upcoming visit to the US and called on the American government to impose sanctions against the RSS. Bhagwat is scheduled to visit New York on August 29.

The US body also urged Washington not to extend diplomatic courtesies to RSS leaders. It described the RSS as an “umbrella organisation” and alleged that its sub-groups had “perpetrated attacks on religious minorities”.

USCIRF said the US government should instead focus on imposing sanctions on RSS members found responsible for freedom of religious belief violations.

USCIRF’s earlier criticism of India

In its annual report released in March, USCIRF criticised India over alleged violations of religious freedom and recommended targeted sanctions against individuals and entities, including the RSS and Research and Analysis Wing.

The commission also recommended designating India as a “country of particular concern”.

USCIRF is an independent, bipartisan US federal government agency that makes policy recommendations to the US President, Secretary of State and Congress and tracks their implementation.

Hindu advocacy group criticises USCIRF

US-based Hindu advocacy group HinduPACT also condemned USCIRF members’ public opposition to Bhagwat’s New York visit.

Ajay Shah, founder and chair of HinduPACT, accused the commission of having “disgraced its mandate” and alleged that its chair’s remarks reflected an anti-Hindu narrative.

Shah also criticised groups including CAIR, IAMC and HfHR, alleging that they had portrayed Hindu self-assertion as extremism.

Continue Reading

Latest world news

PM Modi meets Japanese Defence Minister, pushes India-Japan security ties

PM Modi met Japanese Defence Minister Shinjiro Koizumi in New Delhi and discussed strengthening India-Japan defence and security cooperation.

Published

on

Prime Minister Narendra Modi on Thursday, August 20, met Japanese Defence Minister Shinjiro Koizumi in New Delhi and discussed ways to further strengthen defence and security cooperation between India and Japan.

During the meeting, Modi outlined his vision for strengthening the India-Japan Special Strategic and Global Partnership and highlighted the importance of closer defence and security ties in promoting peace, stability and prosperity in the Indo-Pacific and beyond.

PM Modi recalls India-Japan summit discussions

During his meeting with Koizumi, Modi recalled his detailed discussions with Japanese Prime Minister Sanae Takaichi during her visit to India for the 16th India-Japan Annual Summit in July 2026.

The prime minister also appreciated the steady momentum in defence cooperation between the two countries.

According to a statement from the Prime Minister’s Office, Koizumi, who is on an official visit to India, called on Modi on Thursday.

Focus on defence cooperation and Make in India

Modi also highlighted opportunities for Japanese companies and startups to partner with Indian firms in the defence sector.

The discussions included possibilities for co-development and co-production under the Make in India initiative, according to the statement.

Later, Modi said in a post on X that he had an “excellent conversation” with Koizumi on deepening defence and security ties between India and Japan.

He said the Special Strategic and Global Partnership between the two countries is an important anchor for peace, stability and prosperity in the Indo-Pacific and beyond.

Japan reaffirms commitment to deeper ties

Koizumi briefed Modi on the progress of bilateral defence cooperation during the meeting.

The Japanese Defence Minister also reaffirmed Japan’s continued commitment to deepening ties with India, the Prime Minister’s Office said.

Continue Reading

Latest world news

Trump warns Iran’s trading partners of economic action: India’s exports to take a hit?

Trump’s warning against countries supporting Iran could create payment, shipping and logistics challenges for Indian exporters.

Published

on

Donald Trump

US President Donald Trump has warned countries, financial institutions and businesses against providing Iran with what he called an “economic lifeline”, saying those that continue supporting Tehran could face “TREMENDOUS” economic consequences.

Trump’s warning comes as the United States steps up economic pressure on Iran. For India, the development could have implications for exporters, particularly those shipping agricultural products, food items and pharmaceuticals to the Iranian market.

India’s trade with Iran has already declined sharply over the years. However, Indian exporters continue to maintain a trade surplus with Tehran, making the potential impact of tighter US sanctions an issue to watch.

What did Trump say about Iran?

Trump has announced what he described as the “most crushing economic operation” against Iran and said the US would pursue economic warfare and isolation against Tehran.

His warning extends beyond Iran itself. Trump said countries, financial institutions and businesses that provide Tehran with financial or commercial support could face severe consequences.

The activities cited in his warning include oil smuggling, cash transfers, currency swap lines, exchange houses, ship registries and front companies.

“This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat,” Trump said.

He also warned that countries allowing their financial institutions, businesses, airports or government entities to support Iran could face “TREMENDOUS Economic Consequences”.

How much does India trade with Iran?

India remains an important trading partner of Iran, although bilateral trade has fallen significantly from previous levels.

According to data from the Indian Embassy in Tehran cited in the report, India’s exports to Iran stood at $1.25 billion in 2025-26, while imports from Iran were around $370 million. This gave India a trade surplus of approximately $880 million.

The scale of bilateral trade is considerably smaller than it was several years ago.

In 2018-19, India-Iran trade was worth $17.03 billion. India’s imports from Iran stood at $13.53 billion that year, while exports were $3.51 billion.

By 2024-25, total bilateral trade had fallen to $1.68 billion.

This sharp decline means India’s overall economic exposure to Iran is now relatively limited compared with the size of the Indian economy. However, businesses that continue to depend on the Iranian market could still face difficulties if US sanctions and enforcement are tightened.

What does India export to Iran?

India’s trade relationship with Iran extends beyond energy.

Major Indian exports to Iran include:

  • Basmati rice
  • Tea
  • Sugar
  • Fresh fruits
  • Drugs and pharmaceuticals
  • Spices
  • Cereals and other food products

Iran also exports products including pistachios, dates, apples and kiwis to India.

Any disruption to this trade could therefore affect businesses involved in agricultural products, food items and pharmaceuticals.

Why could Trump’s warning affect Indian exporters?

The immediate risk is not necessarily that India’s entire trade with Iran will stop.

Instead, Indian exporters could face greater difficulties with payments, shipping and logistics if the US expands sanctions or increases enforcement against businesses and financial institutions dealing with Tehran.

Shipping disruptions and higher freight costs could add to the pressure. The Strait of Hormuz remains a key pressure point, while vessel rerouting, elevated freight rates and tighter container availability can increase the cost and complexity of international trade.

For exporters with direct exposure to Iran, such disruptions could make shipments more expensive and payments more complicated.

India’s exports are finding other markets

India’s broader export performance provides some cushion against a potential slowdown in trade with Iran.

India’s merchandise exports reached a record $44.24 billion in July, representing a 19.6 per cent increase from a year earlier, according to the figures cited in the report.

Engineering goods exports rose 17.7 per cent to $12.24 billion, while electronics exports jumped 57.4 per cent to around $5.9 billion.

Exports to the Middle East also increased 8.6 per cent to $5.7 billion.

India has also been expanding its trade across several other markets. In July, exports to China increased 64.57 per cent year-on-year to $2.2 billion, while shipments to Singapore rose 83.7 per cent to $1.6 billion.

Exports to the US increased 12.85 per cent to $9.02 billion.

The diversification of India’s export markets could help businesses reduce their dependence on individual markets if geopolitical tensions disrupt trade with Iran.

Will Trump’s Iran warning hurt India?

Trump’s warning could affect Indian exporters doing business with Iran through higher shipping costs, payment complications and weaker demand if economic pressure on Tehran intensifies.

The impact is likely to be more significant for businesses with direct exposure to the Iranian market than for the Indian economy as a whole.

India-Iran trade has already contracted substantially from its earlier levels. With Indian exporters increasingly accessing markets across regions including ASEAN, Africa, South Asia and North-East Asia, India may be better placed to absorb the impact of any further disruption in Iran trade.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com