Active Stocks
Tue Mar 19 2024 13:31:02
  1. Tata Consultancy Services share price
  2. 4,013.00 -3.18%
  1. Tata Steel share price
  2. 150.00 0.27%
  1. Bharti Airtel share price
  2. 1,232.50 0.61%
  1. Power Grid Corporation Of India share price
  2. 259.95 -1.91%
  1. ITC share price
  2. 409.95 -1.78%
Business News/ News / India/  'Will regulate the same way we...': Centre speaks on AI
BackBack

'Will regulate the same way we...': Centre speaks on AI

MoS Rajiv Chandrasekhar speaks on Artificial Intelligence as Sam Altman visits India

Union Minister and BJP leader Rajeev Chandrasekhar (PTI)Premium
Union Minister and BJP leader Rajeev Chandrasekhar (PTI)

Minister of State for Electronics and Information Technology Rajiv Chandrasekhar on Friday said the Centre will regulate Artificial Intelligence (AI) the same way it regulates any emerging technology, and added, “either they will mitigate user harm or they will not be allowed to operate".

Further, the Minister of State for Electronics and Information Technology said that India has taken major strides in the digital and technology sector in the past decade. He said India has become the world's largest country in digital transactions.

“We are among the biggest consumers of mobile internet and data and have the lowest prices compared to anywhere in the world. This has happened in the last nine years," Chandrasekhar said.

The Union cabinet minister said now the remotest parts of India are experiencing empowerment through technology.

India is witnessing the fastest implementation of the 5G rollout.

Terming the UPA era between 2014-2013 as a lost decade, Chandrasekhar criticised the Congress party for corruption in the technology space. In defence of Prime Minister Narendra Modi, MoS for Electronics said corruption and leakage were stopped since BJP came into power. "Corruption stopped through the effective implementation of DBT which benefitted the people," he said.

Yesterday Prime Minister Narendra Modi met OpenAI CEO Sam Altman and said that artificial intelligence's potential is enhancing India's tech ecosystem. "We welcome all collaborations that can accelerate our digital transformation for empowering our citizens," PM Modi tweeted.

During a session at IIT Delhi, Altman said he discussed the opportunities regarding AI with PM Modi and what can India do in the field of artificial intelligence.

Altman announced that he will fund Indian startups to boost AI in the country.

"We were always amazed and quite grateful for the quality of Indian startups," he said, adding that he had met some startups in India.

Given India's strong IT industry and a large set of data, AI-based utilities can leverage huge potential in the country. However, AI is still in its early stages.

(This is a developing story. More details will be added shortly)

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 09 Jun 2023, 01:47 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App