There is little doubt that artificial intelligence (AI) is and will continue to be a significant asset to existing businesses and a driver of new business creation.
In December, European Union lawmakers passed the world s first comprehensive set of AI regulations, set to be effective from 2025. The Indian government has, however, indicated that it will only take a light-touch approach to regulating AI to allow sufficient room for growth and innovation.
India Business News: PM Narendra Modi will set his vision for New India at the 8th edition of ET Now Global Business Summit. Several cabinet ministers will also speak at the summit, where discussions will pivot on the theme of ‘disruption, development, and diversification’. More than 2,000 delegates, representing diverse industries and sectors from over 20 countries, are expected to attend the summit.
What needs to be done to build greater trust in AI? The challenge is that there is a great deal of pressure to move quickly into AI initiatives, requiring a delicate balancing act of governance that won’t slow things down.