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 December 24, 2024 edition of Financial Express Lucknow.
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 December 24, 2024 edition of Financial Express Lucknow.
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
Happiest Minds sees slower FY25 revenue growth
HAPPIEST MINDS TECHNOLOGIES anticipates its revenue growth for fiscal 2025 to be at the lower end of the guided range of 30-35%, Venkatraman Narayanan, managing director and CFO of the company said.
Emerging tech sectors stake claim on 600 MHz spectrum
● Allocation should not be beyond a point, say telcos
Logistics leasing to hit 50 mn sq ft
LOGISTICS & INDUSTRIAL (L&I) real estate leasing volume for 2024 is expected to reach 50-53 million square feet (MSF), marking the third consecutive year with leasing volume exceeding 50 million sq ft, according to a report by property consultant Cushman & Wakefield.
Exporters draw up plans to raise share in US market
IN ANTICIPATION OF the U.S. going ahead with higher tariffs on Chinese imports, the Federation of Indian Export Organisations (FIEO) has formulated a strategy to raise its share in the US market.
Duty-free import of yellow peas till Feb
The government on Tuesday extended duty-free import of yellow peas, used as a substitute for chana, for two more months till the end of February, with the aim to curb prices of the key pulses variety.
Laptop import nods may be tied to capacity growth
Boosting Domestic Manufacturing
Unincorporated sector generates 11 mn jobs
SMALL FIRMS MAKE BIG CONTRIBUTION
Mining sector gets a leg-up, import reliance down
INDIA'S MINING INDUSTRY took a long stride this year supported by government policies in the critical minerals mining as it intends to boost domestic production, reducing dependency on imports and helping in realising the renewable energy targets.
Rabi sowing a tad below last year's level; oilseed cultivation down 5.5%
WITH JUST A few weeks left for the rabi season to be over, sowing of winter crops such as wheat, pulses, oilseeds, and coarse cereals has been a tad below last year's level so far as the area under oilseeds have declined.
The year AI took centrestage
The debate if it is a blessing or a Frankenstein rages on
