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On AI Appreciation Day, tech leaders call for inclusive, human-centric innovation

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New Delhi [India] July 16 (ANI): As India observes AI Appreciation Day, industry leaders from across the technology, startup, and enterprise landscape highlighted the transformative role of artificial intelligence in shaping the country’s digital future, adding that AI has become an enabler of growth and innovation.

From startups to multinationals, the leaders say AI is no longer just a tool; it is a catalyst for inclusive progress, digital equity, and sustainable innovation.

AI Appreciation Day celebrates the country’s growing role in the global AI landscape. The AI journey of India commenced in the 1960s with early computer science research. A significant step came in 1986 with the Knowledge-Based Computer Systems project.

In the 1990s, organisations like C-DAC advanced supercomputing and early AI work. By the 2000s, IT companies such as TCS, Infosys, and Wipro began investing in AI, while universities built a strong talent pool. The Digital India push in 2015 and NITI Aayog’s 2018 AI strategy accelerated growth.

“AI is an enabler of growth and innovation for every corner of India,” said Ganesh Gopalan, Co-Founder & CEO of Gnani.ai, emphasing AI’s unique potential in India’s multilingual and digitally diverse environment.

“On AI Appreciation Day, we celebrate the incredible strides made in voice AI, small language models, and generative AI that bridge linguistic diversity and democratise digital access,” he said.

Contentstack Co-founder & CTO Nishant Patel sees AI as the silent enabler behind modern digital innovation.

“AI has become the engine room of modern digital innovation, quietly removing friction, automating the mundane, and letting creators and developers focus on what truly moves the needle,” Patel added.

India has emerged as the fastest-growing developer population globally and ranks second in public generative AI projects on GitHub. The country is home to 16 per cent of the world’s AI talent, showcasing its growing influence in AI innovation and adoption.

For HerKey CTO Murugan Anjunan, AI plays a pivotal role in reshaping the workplace for women. “We don’t view AI as a disruptor in isolation, but as a dynamic partner in progress… The future of work is not just AI-powered, but it is human-first, AI-enabled.”

Echoing similar sentiments, Divye Agarwal, Co-founder of BingeLabs, emphasised AI’s impact on creative inclusion across geographies. “AI has become one of the greatest equalisers of our time… From generating content in local languages to pushing it in culturally relevant ways, AI is breaking down barriers that once felt immovable.”

Manish Jha, CTO of Addverb, outlined how AI is redefining automation while keeping humans at the center. “We see artificial intelligence not just as a tool, it’s a catalyst that brings intelligence, adaptability, and a human-centric focus to automation.”

From an ecosystem perspective, AI&Beyond CEO Jaspreet Bindra offered insights into India’s growing AI startup landscape. “It’s been a good year for Indian AI startups, with funding increasing by about 40 per cent in 2024 to nearly USD 800 million.””Funding is still very selective, and the number of large deals has actually declined. Startups continue to face issues around data access and quality, a significant talent and skills gap, as well as limitations in GPU availability and compute infrastructure. Most importantly, early-stage funding hasn’t been as encouraging as expected. That said, there’s a lot of excitement around the space, and we could see an even better year ahead,” Bindra added.

Apart from the private sector funding, the government has approved an allocation of over 10,300 crore for the IndiaAI Mission, marking a significant step towards bolstering India’s AI ecosystem.

Praveen Kumar V, Founder & CEO of Thriftizer Solutions, said AI is reshaping digital commerce. “AI, for me, has automated a multitude of tasks, unrestricted the elbows on my mental framework, and let me direct my capabilities toward addressing real challenges… I expect AI to integrate fundamentally into the convention of designing and fortifying the infrastructure of digital commerce.”

Meanwhile, Prashant Singh, CEO & Co-Founder of Blue Planet Environmental Solutions, emphasised AI’s environmental impact. “We are now at a pivotal moment… AI now helps industries transition from ‘hindsight’ to ‘foresight’, fragmentation to integration… Waste management goes far beyond disposal; it involves tracking the waste’s journey, reuse, and providing value at every step, which relies on AI.” (ANI)



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Can AI really bring down healthcare costs?

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The healthcare industry is at a critical inflection point. With rising costs and growing demand, the pressure on global healthcare systems is significant. AI tools hold immense potential to transform the healthcare system, but their impact will ultimately depend on how thoughtfully and effectively it is implemented.

AI’s potential to cut costs through prevention and efficiency

While developing AI in healthcare requires significant up-front capital investment, the long-term potential for savings is significant – particularly when it comes to prevention and early detection.



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Microsoft researchers develop new tech for video AI agents – Computerworld

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Microsoft researchers are developing technologies for a new class of video AI agents to explore three-dimensional spaces before making decisions.

The technology framework, called MindJourney, uses a range of AI technologies to understand and analyze 3D spaces, reason about the surroundings, and predict movement, the researchers wrote in a blog entry late last month.

MindJourney includes video-generation systems, vision language models (VLMs), and reasoning techniques that can predict surroundings, patterns, and movement. These technologies are packaged around “world models” that simulate real-world surroundings.



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Tech Entrepreneur Buys .AI Domain for $700K in AI Boom

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In the bustling world of artificial intelligence startups, domain names have become more than mere web addresses—they’re status symbols and strategic assets. Dharmesh Shah, the co-founder of HubSpot and a prominent figure in tech entrepreneurship, recently shelled out $700,000 to secure a coveted .ai domain from the Caribbean island nation of Anguilla. This transaction, highlighted in a report by Business Insider, underscores the explosive demand for .ai suffixes amid the global AI frenzy, turning what was once an obscure country-code top-level domain into a multimillion-dollar revenue stream for a tiny territory.

Shah’s purchase isn’t an isolated case; it’s part of a broader trend where AI companies are vying for these domains to signal their focus on cutting-edge technology. Anguilla, with a population of just 15,000 and known more for its pristine beaches than its digital prowess, was assigned the .ai domain in the late 1980s by the Internet Assigned Numbers Authority. For decades, it languished in relative obscurity until the AI boom ignited interest, as companies like Stability.ai and Elon Musk’s x.ai snapped up addresses to align with the burgeoning field.

The Windfall from Digital Real Estate

The financial impact on Anguilla has been staggering. In 2024 alone, the island generated $39 million from .ai domain registrations and sales, representing nearly a quarter of its total government revenue, according to details shared in WebProNews. This influx has funded critical infrastructure projects, including hurricane-resilient buildings and improved public services, transforming what could have been a modest tourism-dependent economy into one buoyed by tech-driven windfalls.

High-profile deals like Shah’s highlight the premium pricing. While standard .ai registrations cost around $100 to $200 annually through registrars, premium or short domains command exorbitant sums in auctions or direct negotiations. The New York Times reported in a 2024 article that Anguilla earned $32 million the previous year from these domains, amounting to over 10% of its GDP, a figure that has only grown as AI investments surge globally.

Evolution of an Unlikely Tech Hub

The origins of this phenomenon trace back to the early days of the internet, when country codes were distributed without much foresight into future tech trends. As Fortune noted in 2023, early adopters like Character.ai recognized the branding potential, leading to a registration spike that could reach $30 million that year. Anguilla’s government, through its domain registry managed by a small team, has capitalized on this by streamlining sales and partnering with international brokers.

Yet, not everyone is optimistic about sustained growth. Shah himself, in comments to Business Insider, suggested that interest in .ai domains might taper off as the AI hype normalizes, comparing it to past tech bubbles. Still, for now, the domain has drawn interest from major players, with the BBC reporting in a recent piece that Anguilla’s .ai sales are funding everything from education to disaster preparedness, providing a buffer against economic vulnerabilities.

Broader Implications for Small Economies

This digital gold rush raises questions about equity in the global tech economy. Small nations like Anguilla, often overlooked in international trade, are finding innovative ways to leverage intangible assets. As detailed in The New York Times, the revenue stream has empowered local officials to invest in long-term resilience, such as upgrading power grids and water systems battered by climate events.

Industry insiders note that while .ai’s appeal stems from its brevity and relevance, competition from generic domains like .io or .tech could dilute its exclusivity. Nonetheless, Anguilla’s story illustrates how serendipitous assignments from the internet’s foundational era can yield outsized benefits today. For tech founders like Shah, securing a .ai domain isn’t just about branding—it’s a bet on AI’s enduring role in business innovation.

Sustaining the Momentum Amid Uncertainties

Looking ahead, Anguilla’s domain authority is exploring ways to maintain this revenue, including potential expansions into related digital services. Reports from BBC emphasize the island’s strategic positioning, with officials viewing .ai as a “gift from the digital gods” that has already amassed over $100 million cumulatively. Yet, as global AI regulations tighten and market saturation sets in, the challenge will be diversifying beyond this single asset.

For industry observers, Anguilla’s ascent serves as a case study in adaptive economics. Tech entrepreneurs continue to eye these domains for their cachet, but the real winners are the island’s residents, who benefit from an unexpected tech bonanza without ever coding a line. As Shah’s hefty payment demonstrates, in the AI era, even the smallest players can command big prices on the world stage.



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