education and citizen safety. Current Affairs - 2020

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RAISE 2020: An International “Artificial Intelligence” Summit to be organised by GoI

The Government of India (GoI) is to organize an Artificial Intelligence (AI) Summit called RAISE 2020. RAISE stands for Responsible AI for Social Empowerment. The Summit is to be held in New Delhi between April 11 and 12, 2020.

Highlights

The summit will be attended by experts of Artificial Intelligence from all over the world. It will focus on using AI towards social empowerment, transformation and inclusion and also in other key areas such as agriculture, healthcare, smart mobility and education.

Significance

It is essential to implement AI in social transformation as it will help in bringing regulatory changes. It will improve the efficiency of work places, reduce operating costs. With autonomous transportation, AI can help save large amounts of fuel and time.

Negative Impacts

Though there are several benefits of Artificial Intelligence, the only concern towards the technology is that it has the potential to minimize the work force in a sector. Especially in a country like India that is second most populous in the world, it is essential to keep track that AI does not reduce employment opportunities.

The Summit will help understand all these key areas and act accordingly.

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Startup India-WhatsApp Grand Challenge

The Facebook-owned messaging app WhatsApp has announced Startup India-WhatsApp Grand Challenge to encourage entrepreneurs and small businesses in India.

About the challenge

The challenge is being hosted in association with Invest India. The top 5 winners would receive a cash prize worth $250,000 (roughly Rs. 1.8 crores).

The challenge is aimed at encouraging the entrepreneurs who have innovative ideas, business models that solve for a local India problem, making a large scale socio-economic impact.

The themes for this Start-up challenge are healthcare, rural economy, financial and digital inclusion, education and citizen safety.

The applications will be evaluated by an independent evaluation committee and out of which the best 30 ideas will be shortlisted for the subsequent round and further 10 in the following round.

The selected 10 ideas would participate at the live pitch day during the grand finale and the top 5 would be awarded grants worth $250,000 (roughly Rs. 1.8 crores).

Invest India

Invest India is a not for profit entity established under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry in 2009.

It is a national investment promotion and facilitation agency focussing on sector-specific investor targeting and development of new partnerships to enable sustainable investments in India.

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