’AI not understanding the art form it replicates, a key concern for regulators’

As artificial intelligence gains prominence across various businesses, its rapid expansion has sparked concerns among artists about the potential for the technology to encroach upon their creative works. He added that it would come down eventually because GenAI was a “solution looking for a problem.” Harshjit Sethi, managing director of venture capital firm Peak XV, emphasized the necessity of integrating AI thoughtfully into existing products. He observed a widespread eagerness among companies to leverage AI as a key driver of the next technological revolution, with many seeking to incorporate it into their products in various capacities. Sudarshan Seshadri, senior vice-president and global head of AI for Coforge, said with the advent of Chat GPT, “everybody wanted to put AI in some shape or form.” For instance, companies working across web-friendly domains like banking, financial services, insurance, travel, transport, retail, and healthcare, were now looking to integrate AI into their operations. Aakrit Vaish, chief executive officer of Mumbai-based conversational AI platform Haptik, talking about the use of explainable and responsible AI, said that regulation and consumer behaviour could be figured out along the way as long as there was enough application of technology.