City
Epaper

Sundar Pichai announces $120 million ‘Global AI Opportunity Fund’

By IANS | Updated: September 22, 2024 12:30 IST

New York, Sep 22 Alphabet and Google CEO Sundar Pichai has announced a $120 million ‘Global AI Opportunity ...

Open in App

New York, Sep 22 Alphabet and Google CEO Sundar Pichai has announced a $120 million ‘Global AI Opportunity Fund’ at the UN Summit of the Future in the US.

Pichai said that the initiative will invest “one hundred and twenty million dollars to make AI education and training available in communities around the world. We’re providing this in local languages, in partnership with nonprofits and NGOs”.

Leaders from around the world have gathered for the 79th United Nations General Assembly (UNGA) in New York — including the first ever “Summit of the Future”.

Speaking at he event, Pichai said that “growing up in Chennai, India, with my family, the arrival of each new technology improved our lives in meaningful ways.”

“The technology that changed my life the most was the computer. I didn’t have much access to one growing up. When I came to graduate school in the US, there were labs full of machines I could use anytime I wanted — it was mind blowing. Access to computing inspired me to pursue a career where I could bring technology to more people,” he mentioned.

Today, 15 of Google products serve more than half a billion people and businesses each. And six of them – such as Search, Maps and Drive – each serve more than 2 billion.

Pichai said that the company has been investing in AI research, tools, and infrastructure for two decades.

“Using AI, in just the last year, we have added 110 new languages to Google Translate, spoken by half a billion people around the world. That brings our total to 246 languages, and we’re working toward 1,000 of the world’s most spoken languages,” informed the Google CEO.

Some studies show that AI could boost global labor productivity by 1.4 percentage points, and increase global GDP by 7 per cent, within the next decade.

For example, AI is helping improve operations and logistics in emerging markets, where connectivity, infrastructure and traffic congestion are big challenges.

Pichai said that AI must be developed, deployed, and used responsibly, from the start.

“We’re guided by our AI Principles, which we published back in 2018. And we work with others across the industry, academia, the UN, and governments in efforts like the Frontier Model Forum, the OECD, and the G7 Hiroshima Process,” he said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalIndia engages Bahrain, GCC on stability and supply chains; Piyush Goyal holds virtual talks

InternationalArtemis II crew set for splashdown after historic lunar flyby

InternationalIranian delegation led by Parliament Speaker Qalibaf arrives in Islamabad for talks with US

BusinessCommerce Ministry, Ports Department review packaging and shipping challenges amid West Asia crisis

Other Sports'Vaiball' takes over IPL 2026: 15-yr-old Sooryavanshi stuns cricket world with explosive knock

Business Realted Stories

BusinessTripura emerges fastest-growing economies in NE, attracts Rs 2,000 cr investment interest at Bengaluru conclave

Business4.05 lakh PNG connections gasified, not LPG: Petroleum Ministry

BusinessUltra Gas to invest Rs. 900 crores to expand LNG Infra amid West Asia crisis: MD, Maqsood Sheikh

BusinessNITI Aayog releases reports on Ease of Doing R&D​

BusinessTimely intervention cleared 90 pc cargo backlog amid Strait of Hormuz disruptions: Minister