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Indian Entrepreneurs Ai Michael Spence: Speaking during the Azim Premji University public lecture series in Bengaluru, Nobel Laureate Michael Spence said India's entrepreneurial ecosystem has been empowered by its biometric identification system (Aadhar), one of the lowest data rates in the world, and a digital economy architecture under the UPI system.
He said that this generation of AI has the potential to produce an enormous productivity in research as vast amounts of data can be interpreted by AI and accessed by anyone who may or may not be technically trained.
Spence lauded India’s shift towards digitization, especially the UPI model.
Australia’s flexible and proportionate response to the risks of research espionage and foreign interference balance security with the necessity of international collaboration.
A panel of global economists, including Nobel laureate Michael Spence, discussed India's potential for economic and geopolitical prominence in the coming years at Bennett University. Spence praised India's digital economy and predicted it would drive the country's growth and global influence.