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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.

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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.

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China says it will properly handle differences with India ahead of Modi-Xi talks

China has stressed stronger communication and cooperation with India ahead of President Xi Jinping’s bilateral meeting with PM Modi in Delhi.

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China has said it is ready to strengthen communication and cooperation with India and appropriately manage differences between the two countries ahead of Chinese President Xi Jinping’s meeting with Prime Minister Narendra Modi in New Delhi.

Chinese Ambassador to India Xu Feihong said Beijing and New Delhi were arranging a bilateral meeting between Xi and Modi on the sidelines of the 18th BRICS Summit.

The meeting is scheduled for 5:45 pm on Saturday, according to the report. Xi’s visit marks his return to India after nearly seven years.

China stresses cooperation with India

In a post on X on Friday, Xu said China would work with India in line with the strategic guidance provided by the two leaders.

He said Beijing wanted to approach India-China relations from a strategic and long-term perspective while increasing communication and cooperation.

China said it would properly handle differences and work towards good-neighbourly relations while helping each other succeed. 

Chinese Foreign Ministry spokesperson Mao Ning echoed the position during a media briefing, saying Beijing would work with New Delhi to strengthen communication, expand cooperation and manage differences.

Modi-Xi meeting comes ahead of BRICS Summit

Xi Jinping has travelled to New Delhi to participate in the 18th BRICS Summit, which India is hosting on September 12 and 13.

The Chinese President’s visit comes after a period of strain in India-China relations following the 2020 Galwan Valley clash. Relations have since seen efforts towards stabilisation, including meetings between Modi and Xi in Kazan and Tianjin.

The upcoming meeting in New Delhi will be the third consecutive year in which the two leaders have met, according to the Chinese side.

Xi left Beijing on Saturday for India at the invitation of Prime Minister Modi. His delegation includes senior Chinese officials, including Cai Qi and Wang Yi.

The Modi-Xi bilateral is expected to provide another opportunity for the two sides to maintain high-level engagement while addressing differences in their relationship.

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Iran President Pezeshkian says country will not bow to US, Israel

Iranian President Masoud Pezeshkian, speaking in Delhi, said Iran would not surrender to pressure from the US and Israel and expressed hope for deeper cooperation with India.

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Iranian President Masoud Pezeshkian on Friday said his country would not surrender to pressure from the United States and Israel, asserting that Iran would continue to push back against what he described as attempts to bully the country.

Pezeshkian made the remarks in New Delhi while addressing Indian religious leaders, intellectuals and business leaders. He had arrived in India earlier in the day to participate in the BRICS Summit.

The Iranian president also expressed hope that his discussions with Prime Minister Narendra Modi would help expand cooperation between India and Iran across several areas.

Pezeshkian says Iran will resist pressure

Speaking about the conflict involving Iran, the US and Israel, Pezeshkian said Iran would not bow to pressure.

He accused the US and Israel of trying to bully Iran and said his country would respond if pushed. Pezeshkian also questioned accusations against Iran and criticised attacks on infrastructure and civilian facilities.

He said the Iranian people would not surrender and emphasised what he described as the importance of equal rights and human values.

Pezeshkian also alleged that 168 schoolchildren were killed in an attack and questioned claims by the US and Israel regarding human rights. These remarks were delivered through a translator, according to the source.

Iran seeks wider cooperation with India

Pezeshkian thanked the Indian government and Prime Minister Modi for the hospitality extended during his visit.

He said his talks with Modi could pave the way for greater cooperation between the two countries in areas including culture, technology, trade, science and the economy.

The Iranian president said India and Iran could work together to revive and strengthen these areas of cooperation.

Modi, Pezeshkian hold bilateral meeting

Modi met Pezeshkian on the sidelines of the BRICS Summit in New Delhi. It was the second meeting between the two leaders in less than two weeks.

They had previously met on the sidelines of the SCO Summit in Bishkek on August 31.

During their latest meeting, the two leaders discussed various aspects of India-Iran relations. Modi thanked Iran for its continued high-level participation in BRICS-related meetings despite the challenging circumstances.

The Prime Minister also thanked Pezeshkian for taking part in the Leaders’ Session of the BRICS Business Forum.

India reiterates call for dialogue

According to the PMO release cited in the report, Modi and Pezeshkian exchanged views on recent developments in West Asia.

Modi reiterated India’s position that issues should be resolved through dialogue and diplomacy. He also stressed the importance of efforts aimed at achieving lasting peace and stability in the region.

The Prime Minister highlighted the need to safeguard freedom of navigation and commerce as well as the safety and well-being of seafarers.

The two sides also discussed continued cooperation on issues of mutual interest in multilateral organisations, including BRICS.

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PM Modi, Iran President Pezeshkian discuss West Asia crisis and trade ties in Delhi

PM Modi met Iranian President Masoud Pezeshkian in Delhi amid West Asia tensions, with talks focusing on regional stability, seafarer safety and India-Iran ties.

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Prime Minister Narendra Modi met Iranian President Masoud Pezeshkian in New Delhi on Friday for bilateral talks held on the sidelines of the BRICS Summit. The meeting came amid heightened tensions in the Middle East and focused on regional stability, maritime safety and strengthening India-Iran ties.

Pezeshkian arrived in India to attend the BRICS Summit and held discussions with PM Modi for the second time in less than two weeks. Modi had earlier met the Iranian president on August 31 on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Bishkek.

During Friday’s meeting, PM Modi highlighted India’s concerns over the continuing crisis in West Asia. He stressed that the safety and security of seafarers remains a top priority for India.

India also reiterated its position that a lasting solution to the regional crisis must come through dialogue and diplomacy. Energy security was another key concern, with India emphasising the need for safe passage for vessels carrying supplies.

The talks took place against the backdrop of the wider Middle East crisis, including the blockade of the Strait of Hormuz, which has raised concerns over energy security and maritime trade. 

Pezeshkian calls for greater BRICS economic resilience

Earlier on Friday, Pezeshkian addressed the BRICS Business Forum and called for greater economic cooperation among member countries.

He said BRICS should focus on strengthening its economic resilience and advocated the use of national currencies for trade among member countries. The Iranian president also argued that the grouping should work toward reducing dependence on the US dollar.

Pezeshkian criticised US sanctions and military actions, saying BRICS should create conditions where legitimate trade cannot be disrupted by the monopolisation of financial instruments.

Modi and Pezeshkian had met in Bishkek

PM Modi and Pezeshkian had last met on August 31 in Bishkek. During that meeting, Modi said India wanted to strengthen its longstanding friendship with Iran and expand and diversify bilateral trade.

The two leaders also discussed developments in the West Asia conflict. Modi reiterated India’s position that disputes should be addressed through dialogue and diplomacy and stressed the importance of protecting civilians, commercial shipping and seafarers.

During the earlier meeting, Pezeshkian had sought India’s diplomatic support in encouraging the conflicting sides to move away from violence and return to negotiations.

The latest Modi-Pezeshkian talks come as India hosts the BRICS Summit in New Delhi, with the regional crisis and its impact on the global economy forming an important backdrop to the high-level discussions.

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