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RAISE 2020 Summit

RAISE 2020 Summit

Context:

The Ministry of Electronics and Information Technology (MeitY) and NITI Aayog will organize a Mega Virtual Summit on Artificial Intelligence (AI), RAISE 2020- ‘Responsible AI for Social Empowerment 2020,’ from October 5-9, 2020.

About RAISE 2020:

  • RAISE 2020 is a first of its kind, a global meeting of minds on Artificial Intelligence to drive India's vision and roadmap for social transformation, inclusion, and empowerment through responsible AI.
  • It is organized by the Government of India along with the Ministry of Electronics and Information Technology, the event will witness robust participation from global industry leaders, key opinion makers, Government representatives, and academia.
  • RAISE 2020 will be a global meeting of minds to exchange ideas and chart a course for using AI for social transformation, inclusion, and empowerment in areas like Healthcare, Agriculture, Education, and Smart Mobility, among other sectors.

Significance:

  • The Summit will feature some of the most exciting startups working in Artificial Intelligence-related fields. Startups chosen through the AI Solution Challenge will showcase their solutions. 
  • The Summit will explore in-depth, the role of AI in accelerating social empowerment.
  • RAISE 2020 has tracks like AI for Health, Agriculture, Education, Skilling, Mobility, Fintech, Research, Inclusive AI, Future of Work, and Responsible AI, and the Summit will serve as a platform for the meeting of some of the best minds in the world on AI.”

Artificial Intelligence in India:

  • As per the reports, AI could add up to 957 billion USD to India’s economy by 2035.
  • India can leverage AI for inclusive development, representing the country's 'AI for All' strategy.
  • Recently, India joined the 'Global Partnership on Artificial Intelligence (GPAI)' as a founding member to support the responsible and human-centric development and use of Artificial Intelligence (AI).
  • India has launched National AI Strategy and National AI Portal and has also started leveraging AI across various sectors such as education, agriculture, healthcare, e-commerce, finance, telecommunications, etc.

Source: PIB