Rajeev Chandrasekhar, the minister of state for electronics and information technology, reportedly stated that the government intends to release a draft artificial intelligence regulatory framework by June or July of this year.
The minister stated, “The government is working on a draft AI regulation framework set for release in June or July this year,” during the opening session of the two-day Nasscom leadership summit. Utilising AI for economic growth while addressing any hazards or negative effects is the goal.
He added that the government is committed to producing people with AI skills. “We will fully utilise AI’s potential, but we’ll also put in place safeguards to avoid abuse. The entire world views us as leaders in the application of AI technology today. The minister stated, “We want to employ AI for economic growth, healthcare, agriculture, and farmer productivity. We are all in favour of deploying AI across use cases, from farms to industries.
The government has long-term plans to create a framework of regulations pertaining to AI. “It’s critical that there be a global governance framework that addresses AI safety and trust, given the pervasive and boundary-agnostic nature of the Internet and AI,” he stated. Chandrasekhar had previously stated that the government would regulate AI by establishing guidelines and a detailed inventory of the risks and crimes associated with the technology.
He had argued that the government preferred to provide clear standards for platforms that addressed concerns like bias and misuse during model training, rather than regulating AI at certain stages of its development. He predicted that the existing sizable online population of 900 million would soon reach 1.2 billion due to the growth in internet usage.
