India's approach to regulating AI is good, says Andrew Ng

livemint.com:

Andrew Ng, the founding lead of the Google Brain team and former chief scientist at Baidu, juggles multiple roles as a teacher, entrepreneur, and investor. He is currently the founder of DeepLearning.AI--an edtech company, founder & CEO of Landing AI--a software provider for industrial automation and manufacturing, general partner at AI Fund, and chairman and co-founder of Coursera, besides being an adjunct professor at Stanford University’s Computer Science Department. In an interview, he shares his views on the OpenAI fracas, loss of jobs to generative artificial intelligence (AI), the heated debate around artificial general intelligence (AGI), and global regulation of AI, among other things.

Edited excerpts: Sam (Altman, CEO of OpenAI) was my student at Stanford. He interned at my lab. I think he's been a great leader.

What happened was pretty tragic and it could have been avoided (the interview was conducted a day prior to Altman returning as CEO of OpenAI). OpenAI has many valuable assets, and reportedly more than $1 billion in annualised revenue, many customers, and a phenomenal product. But its governance structure is now very much discredited.

Earlier, there were all sorts of arguments about why a nonprofit structure is preferable, but this incident will make investors shy away from the clever arguments for very innovative governance structures. For a lot of jobs, Gen AI can augment or automate just a small fraction of it--let's say 20% of someone's job could be automated using GenAI. That means that it's beneficial both to businesses and to individuals, but we need to figure out which 20% can be automated, and then use GenAI to get that productivity boost.