“It’s time to embrace AI or die, be it individuals, corporations, or governments,” said the CEO of SandboxAQ, which started out as a moonshot unit at Google’s Alphabet Inc. and is now an independent and important organization. With artificial intelligence providing enormous potential for Indian businesses to grow to international levels, India seems to be headed in the right direction.
Jack Hidary founded a research group or sandbox at Alphabet in 2016 with an emphasis on artificial intelligence and quantum technologies. The company split off into its own independent business in 2022. T Rowe Price, Salesforce CEO Marc Benioff, former Google CEO Eric Schmidt (now chairman of SandboxAQ), and many others are investors.
Hidary gave a thorough explanation of his thesis, “AI or Die,” which is also the title of his upcoming book that seeks to increase awareness of the necessity of adopting AI beyond content production tools, in an interview with PTI at the World Economic Forum Annual Meeting here.
The key lesson, in his opinion, is that companies that use AI will succeed while those that don’t will fail.
According to Hidary, the current era is a major turning point for all industries and is not just a “nice to have” but is necessary for businesses to survive.
He asserted that AI makes it feasible to discover medications for illnesses like cancer, Alzheimer’s, and others faster than with the typical 15-year timetables, citing examples from a range of industries.
Businesses that use AI-powered catalysts to convert gas and oil into new energy products are expected to thrive in the energy industry.India has the world’s largest population, numbering 1.4 billion. He cautioned that the education sector would not be able to grow internationally if they did not adopt AI.
In response to WEF’s assessment that cyber insecurity is the biggest threat facing India in the near future, Hidary said that cyber security is crucial to national security at both the federal and state levels because Indian states are larger than those of many other countries.
“Banking, telecom, and public utilities are examples of critical infrastructure targets,” he said.
Because Indian tech companies like Infosys, Wipro, TCS, and many more have a global presence and store massive amounts of customer data, Hidary continued, governments also need to implement cybersecurity immediately.
He made the case for better AI solutions to deal with AI problems, citing the use of SandboxAQ solutions by governments, corporations, and banks worldwide, including the US. He asserted that AI presents both new risks and benefits.
He claims that physical industries like energy, telecom, railroads, and infrastructure account for 80% of India’s GDP and that SandboxAQ’s AI solutions directly affect these industries.
He claims that his objective is to promote the intellectual property of Indian companies.
He cited examples, stating that although some Indian pharmaceutical companies, such as Dr. Reddy’s, manufacture innovative drugs, many others only manufacture drugs whose intellectual property is located abroad.
He claims that AI-driven molecular design made possible by SandboxAQ software offers an opportunity to transform India from an IP consumer to an IP creator. A paradigm change in the development of intellectual property within India itself is possible.
Hidary recognized the bio sciences sector as a critical area for transformation.
“In the digital world, there are some amazing AI tools to create documents, images, videos, etc.”However, at SandboxAQ, we concentrate on AI for the real world, which is crucial for the economy and is based on physics, mathematics, chemistry, new medications, new materials, and new catalysts.
Eighty percent of India’s economy is based primarily on the physical world rather than the digital one. And SandboxAQ has an impact on that area,” he stated, and by collaborating with the government and business community, we hope to contribute to that change,” he stated.
“And we want to help bring that transformation by working with both the industry and the governments,” he said.
