The Fort Worth Press - Uncut gems: Indian startups embrace AI despite job fears

USD -
AED 3.672496
AFN 65.999826
ALL 81.708779
AMD 361.738976
ANG 1.790365
AOA 917.000104
ARS 1524.874983
AUD 1.437413
AWG 1.8025
AZN 1.694587
BAM 1.737022
BBD 2.009681
BDT 122.678627
BGN 1.683441
BHD 0.376127
BIF 3010.346818
BMD 1
BND 1.277055
BOB 11.988987
BRL 5.210798
BSD 0.997824
BTN 96.669479
BWP 13.794573
BYN 3.005462
BYR 19600
BZD 2.00675
CAD 1.424895
CDF 2309.999895
CHF 0.8304
CLF 0.025096
CLP 990.919867
CNY 6.70455
CNH 6.70635
COP 3308.76149
CRC 457.213908
CUC 1
CUP 23.946889
CVE 97.930636
CZK 21.719298
DJF 177.681069
DKK 6.642601
DOP 59.576358
DZD 133.728851
EGP 52.215904
ERN 15
ETB 162.975798
EUR 0.88815
FJD 2.24725
FKP 0.755263
GBP 0.756974
GEL 2.604945
GGP 0.755263
GHS 11.718993
GIP 0.755263
GMD 73.501883
GNF 8777.476797
GTQ 7.625561
GYD 208.721524
HKD 7.847396
HNL 26.788934
HRK 6.696704
HTG 130.662996
HUF 327.056987
IDR 17888.5
ILS 3.05233
IMP 0.755263
INR 96.3255
IQD 1307.16284
IRR 1746539.501421
ISK 121.929659
JEP 0.755263
JMD 157.964386
JOD 0.708992
JPY 157.840422
KES 129.517297
KGS 87.449783
KHR 4047.24899
KMF 438.000462
KPW 900.000318
KRW 1343.509862
KWD 0.30883
KYD 0.831476
KZT 448.314756
LAK 22413.073405
LBP 89353.168436
LKR 329.979129
LRD 170.620365
LSL 16.683601
LTL 2.95274
LVL 0.60489
LYD 6.390159
MAD 9.913406
MDL 17.831165
MGA 4408.721524
MKD 54.687153
MMK 2099.850161
MNT 3596.272149
MOP 8.065101
MRU 39.872996
MUR 48.150079
MVR 15.460223
MWK 1730.183401
MXN 18.179996
MYR 4.084898
MZN 63.902288
NAD 16.683601
NGN 1330.79032
NIO 36.715662
NOK 9.606295
NPR 154.671167
NZD 1.77855
OMR 0.383712
PAB 0.997824
PEN 3.457791
PGK 4.518851
PHP 62.583503
PKR 276.36618
PLN 3.89546
PYG 5837.737022
QAR 3.637106
RON 4.741902
RSD 104.338559
RUB 83.340737
RWF 1477.774324
SAR 3.74329
SBD 8.078071
SCR 13.73871
SDG 601.502424
SEK 10.052225
SGD 1.2786
SHP 0.75503
SLE 24.601308
SLL 20969.491881
SOS 570.273991
SRD 37.811499
STD 20697.981008
STN 21.759403
SVC 8.730405
SYP 13002.000254
SZL 16.680137
THB 33.506766
TJS 9.184777
TMT 3.5
TND 2.973311
TOP 2.40776
TRY 49.127501
TTD 6.765842
TWD 31.821801
TZS 2629.246414
UAH 44.897287
UGX 3981.526711
UYU 40.21493
UZS 11768.728629
VES 865.47815
VND 25985.5
VUV 119.582079
WST 2.788611
XAF 582.588335
XAG 0.016565
XAU 0.000241497186
XCD 2.70255
XCG 1.798304
XDR 0.707052
XOF 582.588335
XPF 105.919446
YER 236.303045
ZAR 16.675019
ZMK 9001.20639
ZMW 19.606554
ZWL 321.999592
SSP 5712.591527
MXV 2.057035
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

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."

J.M.Ellis--TFWP