Artificial Intelligence – Opportunities for All | Mint
Active Stocks
Tue Feb 27 2024 15:57:55
  1. State Bank Of India share price
  2. 749.70 -1.23%
  1. Tata Steel share price
  2. 144.15 1.09%
  1. Power Grid Corporation Of India share price
  2. 292.50 1.65%
  1. Sun Pharmaceutical Industries share price
  2. 1,579.10 1.42%
  1. ITC share price
  2. 411.15 0.48%
Business News/ Brand Stories / Artificial Intelligence – Opportunities for All

Artificial Intelligence – Opportunities for All

Alongside a discussion of global AI trends, a number of important agreements were reached during the conference.

Artificial Intelligence – Opportunities for All Premium
Artificial Intelligence – Opportunities for All

The VIII AI Journey international conference was held in Moscow from 22 to 24 November.

Over 200 renowned speakers from Russia, India, China, Brazil, Malaysia, Indonesia, the UAE, South Africa and other countries discussed global trends in artificial intelligence (AI), as well as the latest developments and their application in modern science, business and society as a whole.

One of the aims of the conference was to tell the world that AI as a tool can provide enormous assistance to mankind in many different areas. AI-based solutions are being implemented in many areas of the economy and the social sector, both in Russia and around the globe.

Alongside a discussion of global AI trends, a number of important agreements were reached during the conference. For example, SberDevices (a Sber partner company) and Alfa-Bank signed an agreement on the joint study of opportunities and applications of generative models, with a particular focus on using the GigaChat neural network model in the banking sector. GigaChat's capabilities have already helped to solve a number of industry business cases. The partnership between SberDevices and Alfa-Bank is largely aimed at seeking new formats of generative models, automating the bank's business processes as far as possible, and enhancing employee efficiency and client convenience. As part of the partnership, the two companies have already planned extensive research into the opportunities presented by GigaChat. 

Other new functions of GigaChat were also discussed during the conference. 

The neural network can already recognize not only speech but also sign language used by the deaf and the hard of hearing. The current version of the model understands 2,500 gestures, including dactyl – the articulation of words by individual letters. The model also understands specialized terminology relating to the banking sector, transport, animals and a few words from the spheres of medicine and education. 

In the near future, GigaChat will also be able to compose music from a text request. The user will simply formulate a task for generation of a track. In reply to such a request, GigaChat will produce an audio file with a unique musical composition and a musical score in MIDI format. The neural network has been trained on 200,000 compositions across a range of styles, from classical to contemporary electronic music and rock. Small businesses will be able to use GigaChat to easily create background music for stores and salons or for video ads and social media. Recently, a symphony composed by the neural network was performed on stage by a symphony orchestra for the first time during the Eastern Economic Forum in Vladivostok. 

GigaChat can also be used to amend texts. The AI Journey conference included a demonstration of a prototype interface for editing documents with the help of generative models, featuring a function for downloading PDF files in a dialog window. This makes it possible to generate a text or a document, to review proposed ideas, to add illustrations and to check the text for mistakes. 

And on the subject of academic success, GigaChat has successfully passed Russia's unified state examination, which serves as both a school-leaving exam and an entry test for higher education. The neural network's score was high enough to enroll in a university social studies course. This year, 5,000 students across the country have enrolled in AI studies.   

Another important aspect of AI discussed during Day 2 of the conference was ethics. Companies from a number of countries have signed Russia's National AI Ethics Code. Even before the conference began, over 330 organizations, including some from abroad, had signed up to the Code. 

The Declaration of Responsible AI Exports pursues the same objectives by establishing ethical principles and standards of behavior for Russian developers of neural networks. The document sets out general principles, rules and specific recommendations on collaborating with foreign counterparties and authorized government bodies. 

During the AI Journey conference, the first AI Leaders national awards were presented to recipients including researchers, companies and regions of Russia for outstanding examples of the application of AI. Displaying no fear of experimenting, the winners have achieved excellent results, for example, by deploying AI in business processes with major economic impacts and potential for roll-out across whole sectors. This included some truly fantastic projects, such as Airport Digital Twin from Moscow's Sheremetyevo international airport. The Center for Diagnostics and Telemedicine picked up an award for a project that uses computer vision to analyze X-ray images. And amazingly, AI is now being used even in pig breeding, as demonstrated by a project from the Siberian Agrarian Group. 

Thus, AI's accessibility means it can be applied not only in the capital city and other big towns, but also in agricultural operations in remote spots or, for instance, in forest protection. AI is a truly universal tool for helping any society. 

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 29 Nov 2023, 06:35 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App