Every tech firm will soon be an AI company: Meta's Nick Clegg

economictimes.indiatimes.com:

AI regulation, said Nick Clegg, President, Global Affairs, Meta. India has currently adopted a wait-and-watch approach to AI regulation, which is prudent, Clegg, the former UK deputy prime minister, told ET. India houses the world's second-largest developer ecosystem, and a huge amount of AI powered innovation is expected from India, Clegg said.

He also said Threads is a work in progress and that there is space for more than one microblogging site in the world. Edited excerpts:We have seen Meta make a big bet on AI last week with Llama 2 and the partnership with Microsoft and others? Can you talk about the company's overall AI strategy? Meta has been in the AI story for a very long time. There's barely a feature or a piece of content on Instagram or Facebook, which is not touched by AI already.

And we have been one of the leading companies on AI research. We've always been very interested in and supportive of open innovation. So over the last decade, we've open sourced over 1000s of AI databases and models.

Obviously, the whole technology has been given a shot in the arm with the development of generative AI and the emergence of these large language models. The more we looked at it, the more we felt that notwithstanding a somewhat hyperbolic debate about potential risks of future AI, we still feel current models are best shared. Which is why we have partnered with Microsoft, AWS etc.How does open-sourcing benefit the industry and Meta? For instance, Indian developers, entrepreneurs, researchers, and academics don't need to spend billions of dollars, because it's extremely expensive to build these large language models which require huge compute capacity, they can they can piggyback on our investments and we think that's