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6 Apr, 2023
1 min time to read

Recognizing the field as a "significant and strategic" sector for the country, India has no intentions of imposing regulations on the expansion of AI in the South Asian market.

At a time when many are urging for increased scrutiny of rapidly advancing technology, India has announced its stance on regulating the growth of AI. The Ministry of Electronics and IT stated that while it has assessed the ethical concerns and risks of bias and discrimination associated with AI, it does not intend to introduce legislation to regulate its growth. Instead, the ministry is implementing necessary policies and infrastructure measures to cultivate a robust AI sector in the country.

The expansion of AI is expected to have a significant impact on entrepreneurship and business development in India, with the government harnessing its potential to provide personalized and interactive citizen-centric services through digital public platforms. Despite the burgeoning interest in AI in developed markets, India has seen a limited number of startups entering the field. A strategic initiative from New Delhi could potentially encourage talented individuals to explore opportunities.

The decision by India, which impacts the world’s second-largest internet market, comes as tech entrepreneurs and academics increasingly call for government intervention in AI. In contrast, some US lawmakers have expressed concerns about AI, but few are actively pursuing regulation, as reported by The New York Times last month. Recently, Italy imposed a temporary ban on OpenAI’s ChatGPT, citing concerns that it violated the European Union’s General Data Protection Regulation (GDPR).

Meanwhile, more than 1,100 signatories, including Elon Musk and Steve Wozniak, signed an open letter urging “all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4.”