Akshata Sharma
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Ola founder and CEO Bhavish Aggarwal recently said that India, which constitutes 20% of the world's population, produces 20% of the world's digital data, but only one-tenth of it is stored here and the remaining data is sold to us in dollars after being processed by technology giants outside the country.
"Actually, we also, as Indians, our strength in the world of Al is going to be that we are the largest population and data is what creates intelligence in Al. So we should actually produce even more data because not just are we 20% of the world's population, but we're also young," Aggarwal said.
"So we are more active and hence per capita data production is more. Today we produce 20% of the world's digital data. It's not stored in India," he said.
"Only one-tenth of that is stored in India. 90% is exported into global data centres, largely owned by big techs. And they're not...It is processed into Al, brought back into India and sold to us in dollars," Ola CEO said.
"Yes, It is exactly what happened 200 years ago with the East India Company. They used to export cotton and bring clothes from abroad. Now, we're exporting data and bringing intelligence from abroad. Novo-colonialism. Techno-colonialism. Yeah, I don't know whether this is a word or not, but...It's been done," Aggarwal added.
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