Artificial intelligence alone can add US$ 500 billion to economy: Google India
- IBEF
- December 4, 2020
On Thursday, Google India said that artificial intelligence itself could add US$ 500 billion to the economy and help to better predict floods and diagnose diseases accurately. The company has allocated US$ 10 billion to extend India's digital footprint, a top official said.
Google India Country Manager & VP, Mr. Sajay Gupta, said at the ’ABP Infocom – The Next Normal’, “The COVID-19 pandemic has encouraged us to use every tool available to tackle the threats and possibilities before us. Google recently acquired a 7.73% stake in Jio Platforms Ltd the digital subsidiary of Reliance Industries Ltd (RIL). The two companies have also reported plans to come up with an affordable smartphone at the entry level".
Mr. Gupta stated that data usage increased to 14 GB per month from 8 GB during the pandemic. The total intake was a mere 86 MB per month in 2014. By 2022, UPI transactions will potentially hit the one-billion-a-day mark from the current transaction of about a billion per month, a senior company official said.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
Partners
