India on par with US for AI incubation thanks to large, tech-savvy population: QX Lab AI CEO

Artificial intelligence (AI) is one of the biggest buzzwords of 2024, with companies around the world racing to integrate the technology into their products. According to the Generative AI (GenAI) firm, India can be considered on par with the US in terms of emerging as a hotspot for AI-related activities. QX Lab AI. Co-founded by a team of Indian ‘technipreneurs’, QX Lab AI is poised to compete with Google’s Gemini and OpenAI’s ChatGPT services with GenAI capabilities. In a recent conversation with Gadgets360, the UAE-based company said that until now only the US was seen as a hub for technology innovation and trials but this trend has started to change.

A QX Lab AI team is ready. Demonstration AskQX, the firm’s GenAI platform is said to be ‘neurally’ trained in the near future. General AI Summit 2024 In Bengaluru

“For any new technology, the United States has always led the way in terms of incubation. However, if we look at deploying solutions to cover a larger audience, I think going to India is the way to go.” has a niche because it has a huge population (compared to nearly 300 million US citizens) and is also tech-savvy,” Talkraj Parmar, Co-Founder and Chief Executive Officer, QX Lab AI told Gadgets360.

of India AI Market The next three years in particular are likely to see a big boom. A recent report by Boston Consultancy Group (BCG) and industry watchdog Nasscom Estimation That India’s AI market is estimated to reach $17 billion (approx. Rs. 1,41,640 crore) by 2027. Healthcare, cybersecurity, logistics, education, and automation are among the top sectors that will reap the benefits of AI sector growth.

Earlier last month, the company unveiled Ask QX. – a creative AI platform that is claimed to be ‘neurally trained’, and generates real-time answers to questions in over a hundred languages. Neural network algorithms, such as those found in GenAI. [platforms] Maintain the ability to establish connections between brain and computer. This will improve the accuracy of diagnosis, and develop capabilities in neuroscience,” Parmar said. He also agreed that the rapid rise of AI tech, however, has raised some concerns. Should be resolved as soon as possible.

Generative AI platforms such as Gemini And Chat GPT For example, there has been remarkable progress in producing quality content in the form of images, text and music. However, ethical concerns remain regarding issues such as data discrimination, privacy violations, and unauthorized access among others, as these services are largely maintained by their parent organizations.

As more players enter the industry, Parmar observed, the quality and diversity of AI-generated output could become a challenge. After all, AI getting all its information from the web may lack coherence, exhibit biases or fail to capture the complexities and nuances of human creativity.

“Human feedback is critical to avoid bias and improve performance,” Parmar said, advising players in the sector to adopt a quick problem-solving approach when facing growth constraints. “For effective training of data models, heterogeneous data sets are also important,” he added.

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