Students of MBA Batch (2022-2024) along with faculty members Dr. Shailnedra Kumar Dube and Prof. Shikha Aggarwal attended “Masterclass on Generative AI and Blockchain Technology for Startups” organized by Enterprise Incubation Centre, IIM- Lucknow (Noida Campus) sector 62, Noida on June 08, 2023.


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Thursday, June 8, 2023
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The event aimed to provide valuable insights and practical knowledge about the intersection of generative AI and blockchain technology. Attendees had the opportunity to learn from industry experts, gain a deeper understanding of these new technologies, and explore their potential applications in various industries.The distinguished resource person for the day wereMr. Anil Arora, Data Analytics & AI Specialist in Microsoft and Mr. Ajay Singh, Co-founder, DLT Labs, Chief Mentor Officer of HBX.

The first part of the masterclass focused on Generative AI (Next-Gen AI, Bringing Generative AI to life with Azure Open AI), putting technologies into production. The session provided an overview of the fundamentals of AI and its application in various industries.  The partnership of Microsoft with Azure Open AI, about family model of Azure Open AI i.e., GPT-3 Model including Ada, Babbage, Curie and Davinci and Codex Model including Cushman-Codex and Davinci Codex. He also mentioned the difference between these two models, deeper understanding of ChatGPT and their limitations. He showcased how Azure Open AI is different from Open AI and how it is providing benefits in real-world.

The second part of the masterclass on Blockchain Technology and its relevance to startups. The speaker provided a comprehensive understanding of blockchain, emphasizing its decentralized and immutable nature. He discussed the key elements of blockchain like Hash, Nodes, distributed ledger technology, smart contracts, and consensus mechanisms. Entrepreneurs, startup enthusiasts, and industry professionals from diverse backgrounds had the chance to connect, exchange ideas, and explore potential partnerships. The event fostered an atmosphere of knowledge sharing and entrepreneurial spirit.

By embracing generative AI and blockchain technology, startups can unlock new avenues of innovation, enhance efficiency, and gain a competitive edge in today's rapidly evolving business landscape. The masterclass served as a catalyst for entrepreneurs to explore these technologies and leverage their potential to drive success in their ventures.The masterclass workshop was followed by visit to the incubation centre of IIM- Lucknow.

The students found the entire session insightful and encouraging towards developing an awareness about the startup essentials and ecosystem.