Zoho CEO Sridhar Vembu is optimistic about India’s potential to become a hub of artificial intelligence (AI) innovation. At the Zoho Path event, he expressed his confidence in the country’s ability to produce great AI solutions while acknowledging the challenges that come with it.
Vembu emphasized the importance of nurturing a robust startup ecosystem and called for government policies that curb the rise of monopolies in AI and ensure transparency. “We need to prevent a few large corporations from dominating the AI space, which could stifle innovation and hurt the overall industry,” he said.
In addition to promoting a healthy competitive environment, Vembu also stressed the need for a strong regulatory framework to address the ethical and social implications of AI. He urged the government to take a proactive approach to shape AI policy, saying, “We need to be proactive in addressing the risks and benefits of AI and not wait for things to go wrong before taking action.”
While acknowledging the potential of AI to create new opportunities and solve complex problems, Vembu also warned of the risks that come with it. “AI can pose a threat to programmers, as it has the potential to automate many of the tasks that programmers currently perform,” he said.
Despite the challenges, Vembu expressed confidence in India’s ability to produce world-class AI solutions. “India has a strong talent pool in AI, and we have the potential to lead in this space. We need to nurture and support our startups and provide them with the right resources and policies to succeed,” he said.
Vembu’s remarks come at a time when India’s AI industry is poised for significant growth. With the government’s focus on digital transformation and the emergence of several promising startups, the country is well-positioned to become a leader in the global AI market.
As the founder and CEO of Zoho, a leading software as a service (SaaS) company, Vembu has been at the forefront of India’s tech revolution. His insights and perspectives on AI will be closely watched by industry insiders and policymakers alike as they seek to shape the future of this rapidly-evolving field. Zoho CEO Sridhar Vembu is optimistic about India’s potential to become a hub of artificial intelligence (AI) innovation. At the Zoho Path event, he expressed his confidence in the country’s ability to produce great AI solutions while acknowledging the challenges that come with it.
Also read: AI Cyber Solution for Web3 & Blockchain