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Indian entrepreneurs pledge $30 million to use "AI for good"

Indian Prime Minister Modi attended the recent opening of the Wadhwani Institute in Mumbai
Indian Prime Minister Modi attended the recent opening of the Wadhwani Institute in Mumbai. Photo: Wadhwani Institute

A new research center in Mumbai aims to use artificial intelligence to help the hundreds of millions of people that live on less than $2 a day.

Why it matters:

"The benefits of AI are going to the top whatever — 5,10 20 percent. ... So far it's made relatively little difference to the bottom 20-30 percent of the world's population."
— India entrepreneur Sunil Wadhwani tells Axios