Prime Minister Narendra Modi on Sunday called for a global framework for the ethical use of artificial intelligence (AI) and for the development of sustainable cryptocurrencies. He made the remarks during his address to the B20 Summit India 2023, a gathering of business leaders from around the world.

Modi said that AI has the potential to transform the world for the better, but that it is important to use it in an ethical and responsible manner. He highlighted the need to address the potential risks of AI, such as bias, job displacement, and privacy violations.

“We need to ensure that AI is used for the benefit of humanity and not to harm it,” Modi said. “We need to develop global norms and standards for the ethical use of AI.”

Modi also called for the development of sustainable cryptocurrencies. He said that cryptocurrencies have the potential to be a more efficient and secure way to conduct financial transactions. However, he also warned that they could be used for illegal activities, such as money laundering and terrorist financing.

“We need to develop sustainable cryptocurrencies that are not harmful to the environment and that can be used for legitimate purposes,” Modi said.

Modi’s remarks on AI and cryptocurrencies were well-received by the business leaders at the B20 Summit. They highlighted the importance of these technologies and the need to address the potential risks associated with them.

The B20 Summit is a leading forum for business leaders to discuss global economic and political issues. The summit is held every year in the year leading up to the G20 summit, which is a meeting of the leaders of the world’s largest economies.

The 2023 B20 Summit was held in India from August 23-26. The theme of the summit was “Building Inclusive, Resilient, and Sustainable Economies.”

In addition to his remarks on AI and cryptocurrencies, Modi also spoke about the importance of digitalization, the need to improve global supply chains, and the importance of cooperation between businesses and governments. He concluded his speech by calling for a new era of global cooperation that is based on trust, dialogue, and mutual respect.

The B20 Summit India 2023 was a major event that brought together business leaders from around the world. PM Modi’s speech was well-received by the participants, and it is likely to have a significant impact on the global business community.

Here are some additional details about PM Modi’s address on AI:

  • He said that AI is a “powerful tool” that can be used to solve some of the world’s most pressing problems, such as poverty, hunger, and disease.
  • He called for the development of AI that is “human-centric” and that respects human values.
  • He stressed the importance of ensuring that AI is used in a transparent and accountable manner.
  • He said that India is committed to the development of ethical AI and that it is willing to share its expertise with other countries.

PM Modi’s address on AI was a significant development. It is the first time that a world leader has spoken so forcefully about the need for ethical AI. His remarks are likely to have a major impact on the global debate on AI and will help to shape the future of this technology.

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