The European Union wrapped up approval of the world s first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
Such a move is likely to offer much needed clarity to global investors on the applicable foreign ownership rules, especially to companies planning to launch broadband-from-space services in India, and pave the way for top dollar inflows into India’s satcoms sector, these people added.
India's top court strikes down banking ban on crypto currency businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
The battle lines are clear satellite companies plus telco Bharti Airtel champion allocation; phone companies Reliance Jio and Vodafone Idea demand auctions. Its down to the telecom regulator to take a call, based on which DoT has to decide which way India will go, reports Kalyan Parbat