Ola Founder and CEO Bhavish Aggarwal highlighted that India, which constitutes 20 per cent of the world’s inhabitants, produces 20 per cent of the world’s digital information, however solely a tenth of it’s saved right here and the remaining information is offered to us in {dollars} after being processed by tech giants outdoors the nation.
In an unique chat with ANI, Aggarwal mentioned, “Everybody in India pays in {dollars}. You recognize, if I, the broader level right here, the irony, is that India produces 20 p.c of the world’s digital information as a result of we’re 20 p.c of the world’s inhabitants. You recognize, due to 4g and Jio and all of the map information India produces. So we produce 20 p.c of the world’s information.”
The Ola founder burdened that India ought to produce much more information as a result of we’re younger.
“Truly, we as Indians, our energy on the planet of AI can be that we’re the most important inhabitants and information is what creates intelligence in AI. So, we should always produce much more information as a result of we aren’t solely 20 per cent of the world’s inhabitants however we’re additionally younger,” the OLA CEO mentioned.
“We’re extra energetic and subsequently the information manufacturing per capita is larger. At the moment we produce 20 per cent of the world’s digital information. It’s not saved in India,” he added.
The Ola CEO lamented that 90 per cent of information is exported to world information centres owned by huge tech giants.
“Solely a tenth of that’s saved in India. Ninety p.c is exported to world information facilities, largely owned by huge tech corporations. And it isn’t them… It is processed in synthetic intelligence, introduced again to India and offered to us in {dollars},” he mentioned.
He additionally mentioned that 200 years in the past, the East India Firm was exporting cotton and now it’s exporting information and bringing intelligence from overseas.
“Sure. That is precisely what occurred 200 years in the past with the East India Firm. They used to export cotton and herald garments from overseas. Now we’re exporting information and bringing in intelligence from overseas. Novocolonialism. Technocolonialism. Technocolonialism. Sure. I do not know if it is a phrase or not, however… It has been performed,” the Ola CEO added. (ANI)
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