TWENTY-FIVE YEARS AGO, the fear of the Y2K bug had gripped the world and India was no exception. The fear was that computers would crash when the year 1999 ended due to a misunderstanding of how years were stored. Computers were programmed to store two digits for the year, so a year written as 00 could be read as 1900 instead of 2000. It proved to be a false alarm, but 2000 became a turning point for India's IT industry.
Come 2024, and people were quite similarly engrossed with the fear of artificial intelligence (AI). True, the technology has the potential to reshape virtually every aspect of human life. From healthcare and education to manufacturing, logistics, and even entertainment, this emerging technology is revolutionising industries, improving efficiencies, and opening up new possibilities. Then why the fear? This is because it's the first technology in history which has the potential to get out of human control. The debate that dominated conversations during 2024 and will continue to do so in subsequent years is: Is AI a blessing for mankind, or will it turn out to be a Frankenstein? This was best summarised by Prime Minister Narendra Modi when he pointed out that global security will face a big threat if AI-laced weapons were to reach terrorist organisations.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Chants meet chatbots at this year's Maha Kumbh
FROM INFORMATION TO SECURITY, AI TO BE MAJOR MOVER AT THE MEGA EVENT
Trump tariffs: Auto suppliers rethink production plans
Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods
Premium online video market to double by 2028: Report
INDIA'S PREMIUM ONLINE video market, valued at $1.7 billion in 2023, is projected to nearly double by 2028, solidifying its position as one of the fastest-growing over-the-top (OTT) markets globally, according to the Asia Video Industry Report 2025.
RBI governor seeks to improve forecasting
Two of the sources Reuters spoke to said the RBI would look to increase datasets required to gauge trends in income and expenditure better.
TCS profit rises 4% in Q3
Similar attempts in the past to simplify the I-T law, most notable being the Direct Taxes Code drafted in 2009 by the UPA govt
Meta's fact-checking snub in US alarms India
AS META ANNOUNCED the end of its third-party fact-check programme in the US, a move that is being seen as the company reorienting itself for the new Trump era—a palpable sense of panic has gripped fact-checkers in India.
TCS Profit Rises 4% in Q3
Among verticals, energy, resources and utilities grew by 3.4%, and consumer business gained 1.1%.
Taliban Urges India to Ease Visa Process
First High-Level Meet
Hollywood Hills burn as big blaze engulfs LA
THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.
Musk Held Talks on Ways to Oust UK's PM Before Polls: Report
BILLIONAIRE ELON MUSK has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the Financial Times reported on Thursday.