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AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief

AI has potential to enable collusion; regulators need to adopt forward-looking approach: CCI chief

by AIP Online Bureau | Mar 16, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Ravneet Kaur, chairman, Competition Commission of India “Today’s competitive landscape is defined by platform economies, network effects, and algorithm-driven decision-making,” the CCI chief said and added that market power today is about data...

SBI to launch centre for financing AI, fintech, e-commerce industries

by AIP Online Bureau | Mar 14, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

The project will help diversify the work of the bank’s project finance and structuring unit, which appraises, structures and funds large projects in infrastructure. Lending to so-call new age industries and renewable energy sectors increasingly make up a larger...

WTW launches an AI-driven performance monitoring tool custom-built for insurers

by AIP Online Bureau | Mar 5, 2025 | International News, Non-Life, Reinsurance, Risk Management, Technology

Radar Vision provides unique insights for pricing, portfolio management, underwriting and claims, allowing rapid response to emerging trends. Singapore: WTW, a leading global advisory, broking and solutions company, has announced the launch of Radar Vision, an...
India leading in AI adoption, governance: FM Sitharaman

India leading in AI adoption, governance: FM Sitharaman

by AIP Online Bureau | Feb 22, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Nirmala Sitharaman, Union Finance Minister The country recorded 3 billion AI-related app downloads in 2024, while the US and China had only 1.5 billion and 1.3 billion downloads, respectively Kottayam (Kerala): Union Finance Minister Nirmala Sitharaman on Saturday...
AI dangerous tool, be it in Chinese or American hands: Delhi HC on plea to ban DeepSeek

AI dangerous tool, be it in Chinese or American hands: Delhi HC on plea to ban DeepSeek

by AIP Online Bureau | Feb 12, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

The court’s observation came while it was hearing a petition seeking a direction to the Centre to block access to DeepSeek, an AI chatbot developed by Chinese entities, in all forms in India New Delhi: The Delhi High Court observed on Wednesday that artificial...
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