The China Mail - Uncut gems: Indian startups embrace AI despite job fears

USD -
AED 3.672504
AFN 62.000368
ALL 81.399019
AMD 371.778334
ANG 1.789884
AOA 918.000367
ARS 1390.462956
AUD 1.401542
AWG 1.8
AZN 1.70397
BAM 1.67081
BBD 2.010834
BDT 122.673182
BGN 1.668102
BHD 0.377223
BIF 2969.673704
BMD 1
BND 1.275325
BOB 6.908482
BRL 4.980604
BSD 0.998337
BTN 94.041373
BWP 13.522713
BYN 2.828151
BYR 19600
BZD 2.007933
CAD 1.36795
CDF 2315.000362
CHF 0.787151
CLF 0.022781
CLP 896.609085
CNY 6.836304
CNH 6.83428
COP 3564.14
CRC 454.339945
CUC 1
CUP 26.5
CVE 94.37504
CZK 20.777504
DJF 177.786308
DKK 6.375104
DOP 59.475368
DZD 132.362551
EGP 52.572403
ERN 15
ETB 154.33875
EUR 0.85304
FJD 2.20465
FKP 0.741029
GBP 0.740988
GEL 2.680391
GGP 0.741029
GHS 11.103856
GIP 0.741029
GMD 73.503851
GNF 8763.489017
GTQ 7.643154
GYD 209.167133
HKD 7.83545
HNL 26.529324
HRK 6.429504
HTG 130.705907
HUF 311.520388
IDR 17252.7
ILS 2.98605
IMP 0.741029
INR 94.250504
IQD 1307.826829
IRR 1317000.000352
ISK 122.650386
JEP 0.741029
JMD 157.551717
JOD 0.70904
JPY 159.36504
KES 129.330385
KGS 87.403204
KHR 4000.00035
KMF 420.00035
KPW 900.025942
KRW 1476.640383
KWD 0.30776
KYD 0.83199
KZT 463.757731
LAK 21876.732779
LBP 89402.943058
LKR 318.234165
LRD 183.194711
LSL 16.601322
LTL 2.95274
LVL 0.60489
LYD 6.334826
MAD 9.25038
MDL 17.361484
MGA 4148.432502
MKD 52.578375
MMK 2099.863185
MNT 3580.436774
MOP 8.056729
MRU 39.846449
MUR 46.870378
MVR 15.450378
MWK 1731.200682
MXN 17.379604
MYR 3.965039
MZN 63.910377
NAD 16.601322
NGN 1357.000344
NIO 36.741309
NOK 9.317039
NPR 150.466197
NZD 1.706339
OMR 0.38415
PAB 0.999748
PEN 3.487039
PGK 4.333547
PHP 60.695038
PKR 278.317253
PLN 3.61995
PYG 6330.560887
QAR 3.645504
RON 4.340504
RSD 100.166347
RUB 75.185839
RWF 1459.245042
SAR 3.751023
SBD 8.045307
SCR 14.798038
SDG 600.503676
SEK 9.22035
SGD 1.276104
SHP 0.746601
SLE 24.625038
SLL 20969.496166
SOS 570.526765
SRD 37.463504
STD 20697.981008
STN 20.899979
SVC 8.735338
SYP 110.562389
SZL 16.594583
THB 32.335038
TJS 9.384602
TMT 3.505
TND 2.881038
TOP 2.40776
TRY 45.015038
TTD 6.780124
TWD 31.483504
TZS 2598.251226
UAH 43.992664
UGX 3719.475993
UYU 39.60396
UZS 12052.503617
VES 483.16466
VND 26360
VUV 117.829836
WST 2.712269
XAF 559.570911
XAG 0.013194
XAU 0.000212
XCD 2.70255
XCG 1.799275
XDR 0.695927
XOF 559.570911
XPF 102.250363
YER 238.650363
ZAR 16.53436
ZMK 9001.203584
ZMW 18.893581
ZWL 321.999592
  • CMSD

    0.0900

    23.32

    +0.39%

  • RBGPF

    64.0000

    64

    +100%

  • NGG

    0.4600

    87.42

    +0.53%

  • BTI

    0.8100

    58.09

    +1.39%

  • RELX

    0.4000

    36.53

    +1.09%

  • GSK

    -1.1900

    54.44

    -2.19%

  • RIO

    0.7600

    99.61

    +0.76%

  • BCE

    -0.2200

    23.88

    -0.92%

  • AZN

    -2.5500

    189.75

    -1.34%

  • CMSC

    0.0400

    22.95

    +0.17%

  • BCC

    0.3300

    84.15

    +0.39%

  • JRI

    0.0100

    12.89

    +0.08%

  • VOD

    0.0100

    15.63

    +0.06%

  • RYCEF

    -0.1200

    15.3

    -0.78%

  • BP

    -0.1000

    46.25

    -0.22%

Uncut gems: Indian startups embrace AI despite job fears
Uncut gems: Indian startups embrace AI despite job fears / Photo: © AFP

Uncut gems: Indian startups embrace AI despite job fears

Glinting under the exhibition centre lights, the gold brooch studded with gemstones on the startup founder's lapel was handmade by Indian artisans -- but artificial intelligence dreamt up its elaborate design.

Text size:

The brooch, in the shape of Hindu deity Lord Krishna, is an emblem of both the fast-developing power of AI technology and hopes it will drive innovation in India's youthful economy.

Siddharth Soni, 23, showed AFP a box of AI-designed jewellery, mostly in classical Indian style, made by the company Idea Jewellery which he co-founded in 2023.

"Jewellery like this used to take around six months, seven months" to manufacture using traditional methods, said Soni, at a global AI summit in New Delhi.

Now, using a 3D-printed mould based on an AI blueprint, and streamlining the process in other ways, "I can make this piece in one week" with a few more needed for hallmarking, he said.

Tech bosses and world leaders are gathered in the Indian capital this week to discuss the opportunities and challenges presented by AI, including the threat of mass redundancies and loss of human expertise.

Soni's startup is a new direction for his decades-old family jewellery manufacturing business in the city of Hyderabad.

He said his father was "excited" about the new venture and "wants to take it all over the world" so retailers in places like the United States can offer custom AI-designed Indian jewellery.

At the same time, his father and grandfather, both in the industry for around 30 years, are conflicted because they believe "artisans should not lose their imagination", Soni said.

"We're losing the form of art, basically, by using AI," but even so, "we have to move forward."

- 'Very uncomfortable' -

Prime Minister Narendra Modi says the AI summit "shows the capability of our country's youth" as "further proof that our country is progressing rapidly" in technology.

India's government is expecting $200 billion in AI investment in the next two years, with plans to build large-scale data centres and nuclear power plants to run them.

Idea Jewellery, which does not receive government support but would like to, is in talks with 20 retailers including well-known brands in major cities who are already clients of the long-running family business.

On a tool powered by a fine-tuned version of Google's Gemini, customers can specify the type of metal, precious stones and price range of their jewellery, and describe their desired style with a simple text prompt.

The tool shows examples of the piece and can then produce a detailed 3D model to be turned by hand into real jewellery.

Some of the workers, who have spent years mastering their craft and usually spend weeks designing a piece of jewellery, are "very uncomfortable with it" and fear their jobs could eventually disappear, Soni admitted.

However they are still making the AI-designed pieces, "because it's their livelihood".

- New fields -

The AI boom has brought huge profits for tech giants and sprouted many startups worldwide, but the bubble could pop if the frenzied excitement loses momentum.

For now, governments and companies are bullish that AI innovation will benefit society, from helping teachers educate large populations to better personalising medical care.

Peush Bery's startup, Xtreme Gen AI, sells a voice chat tool that can answer and make calls for Indian businesses in a dozen local languages.

It's a competitive field, but the company hopes to carve out a niche by offering smaller businesses a customised tool that they don't need technical know-how to implement.

Different accents and India's noisy streets can make accuracy a challenge. But as the technology improves and becomes more affordable, it could threaten the country's huge call centre industry.

Bery remains optimistic. "New jobs come up, new fields come up," such as working with data to improve the AI models, he said.

Another startup, Soil Doctor, has offered AI-powered soil testing to 500 farms across 10 Indian states, working with NGOs to run programmes with rural women and youth.

The government could help the company by granting access to historical agricultural data that it currently does not have, said Soil Doctor's chief of staff Vartika Gupta.

AI technology can "benefit farmers big time", helping them save money by buying fertiliser better targeted to their soil type, Gupta said.

"Season after season, at a much lower input cost, they will be able to achieve an increased yield."

Q.Moore--ThChM