5 things about AI you may have missed today: UPI payments through AI, UK hires expert for AI summit and more
As countries establish regulations around the use of artificial intelligence (AI), developments in the field continue at a rapid pace. RBI on Thursday proposed a new way of carrying out UPI transactions - through conversations with AI. On the other hand, the UK hired a tech expert for the summit on generative AI.
All this, and more in our AI roundup today.
UPI payments through AI conversation could soon become a reality as the Reserve Bank of India on Thursday proposed to introduce this service. According to a report by ANI, Conversational Payments would allow users to make UPI payments by engaging in a conversation with an AI-powered system. During the Monetary Policy Committee (MPC) meeting, RBI Governor Shaktikanta Das said, “Incorporating conversational payments into UPI will empower users to interact with AI systems for executing payments.”
With growing debates about the regulation of artificial intelligence (AI) and its merits and demerits, Britain hired a tech expert and a diplomat who are expected to spearhead its summit on AI on Thursday. According to a Reuters report, CEO of Entrepreneur First Matt Clifford and former diplomat Jonathan Black will lead Britain's AI summit when it takes place during the autumn. Clifford said, “You can think of this as a genuine summit - where there will be really crunchy discussions happening - to try to agree on a shared understanding of the risks, and as a platform for working together on mitigating them.”
The Centre for Innovation and Entrepreneurship (CIE) at the International Institute of Information Technology Hyderabad (IIIT) organized a high-tech summit jointly with THub and Nasscom DTC on August 9 with generative AI being the topic. The event saw 20 curated startups present
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