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Bombay Chamber and FTI Consulting organises Generative AI Session

The Bombay Chamber, in association with FTI Consulting as the knowledge partner, conducted a session on Generative AI.

Jon Chan, FTI Consulting’s eDiscovery Innovation and AI leader conducted a 90-minute session titled “Successfully Navigating the Adoption of Generative AI with Regulators and Enforcement Agencies.” This session included an optional 20-minute hands-on labs experience, where attendees utilized laptops and sample data to explore various prompts, models, and concepts, including hallucinations and prompt engineering in an investigative environment.

The session offered practical applications of Generative AI within disputes and investigations, equipping legal, compliance, and investigation leaders with insights on effectively incorporating this technology into their operations. Attendees gained actionable strategies for integrating AI to enhance efficiency and support organisational goals.

Designed for professionals focused on governance, risk, and compliance, the discussion addressed the unique challenges and opportunities posed by Generative AI in regulated environments. FTI’s extensive experiments with this emerging technology provided transparency around associated risks and considerations.

As AI rapidly evolved, organisations learned the importance of navigating uncharted territories, particularly in experimentation and result validation to mitigate risks and support new processes enabled by Generative AI. The session delivered expert perspectives on managing regulatory scrutiny, addressing potential risks, and responsibly leveraging AI to improve operational efficiency while fulfilling legal and compliance obligations.

Following the session, attendees had the opportunity to network during a lunch, fostering discussions around the insights shared and the future implications of Generative AI in their respective fields.

India-Germany Partnership in AI, Green Tech, and Semiconductor Sectors to Drive Global Growth: Shri Piyush Goyal

Union Minister of Commerce & Industry, Shri Piyush Goyal, inaugurated the 18th Asia Pacific Conference of German Business (APK) in New Delhi, highlighting the significant synergy between India and Germany in fields such as artificial intelligence, semiconductors, and green technology. Shri Goyal emphasized that India’s ability to scale, paired with Germany’s expertise in precision engineering, will bring exceptional benefits to the global community.

Shri Goyal highlighted the vast potential in combining Germany’s precision engineering with India’s scaling capabilities across infrastructure sectors—physical, digital, and social. He noted that this partnership could “create something extraordinary for the world.” The Minister emphasized that this collaboration can further drive unprecedented growth in AI adoption, semiconductor innovation, and green technology initiatives, which are central to today’s rapidly evolving global economy.

Speaking on India’s Macroeconomic Strength and Climate Commitments, Shri Goyal stressed that India is on a firm path to exceed its climate change commitments, as outlined at COP21. He remarked that India currently ranks 7th on the Climate Change Performance Index (CCPI) and is expected to surpass its nationally determined contributions (NDCs) for climate action. “India is committed to combating climate change, on track to meet nationally determined contributions,” Shri Goyal said, reaffirming India’s dedication to sustainable development and responsible environmental practices.

The Union Minister also acknowledged the Asia Pacific Committee of German Business and the Indo-German Chamber of Commerce for organizing the APK conference. He noted that Asia-Pacific, which accounts for 60% of the world’s population, is poised to host two-thirds of the global middle class by 2030. Shri Goyal remarked, “This demographic shift presents a fertile ground for businesses seeking to expand their reach and capitalize on emerging sectors.”

Shri Goyal underscored that the APK conference is instrumental in recognizing emerging trends and addressing global challenges. He pointed out that the conference plays a critical role in facilitating the exchange of best practices, fostering technological advancements, and shaping future industrial policies.

The Minister concluded by quoting German philosopher Arthur Schopenhauer and poet Rabindranath Tagore. Recalling Schopenhauer’s words, “Reading the Upanishads is comforting in my life…,” he encouraged attendees to embrace India’s cultural richness, especially during the festive season from Diwali to Christmas and New Year. Ending on a visionary note, he shared a quote from Tagore: “Reach high, for stars lie hidden in you. Dream deep, for every dream precedes the goal,” encouraging participants to build a future where their innovations and industries leave a global mark.

This strategic alliance marks a significant step forward in both countries’ commitment to global progress through collaborative innovation and sustainable development.

Key Highlights of the 18th Asia Pacific Conference of German Business:

– India-Germany Collaboration: A platform for advancing joint initiatives in AI, semiconductors, and green technologies.
– Climate Change Commitments: India ranks 7th on the CCPI and is set to surpass its climate goals, strengthening sustainable progress.
– Asia-Pacific Market Potential: Asia’s demographic evolution presents opportunities for expansion across emerging sectors.
– Cultural Unity: Shri Goyal celebrated the spirit of India’s rich culture and the synergy of festive seasons across both nations.

This partnership strengthens the longstanding relationship between India and Germany and is a testament to both nations’ pursuit of innovation, sustainability, and economic resilience.