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Social media platforms need Govt nod to launch AI models in India

Social media platforms need Govt nod to launch AI models in India

by AIP Online Bureau | Mar 3, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

“It is reiterated that non-compliance to the provisions of the IT Act and/or IT Rules would result in potential penal consequences to the intermediaries or platforms or its users when identified, including but not limited to prosecution under IT Act and several...
AI: Firms face growing list of lawsuits

AI: Firms face growing list of lawsuits

by AIP Online Bureau | Mar 2, 2024 | Articles, Eco/Invest/Demography, Features, Risk Management, Technology

Elon Musk,CEO, Tesla Elon Musk became the latest power player to sue OpenAI, alleging the company and its chief executive officer, Sam Altman, have strayed from their original mission by prioritizing profit over the benefit of humanity. Artificial intelligence firms...
Sebi using AI for investigations, says whole time member Kamlesh Chandra

Sebi using AI for investigations, says whole time member Kamlesh Chandra

by AIP Online Bureau | Feb 24, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Against the backdrop of instances of manipulations in the stock market, he said the message is that abiding with the law will be more beneficial and violations will cause problems Mumbai: Sebi is using Artificial Intelligence (AI) for investigations, its Whole Time...
Draft AI regulation framework to be released by July: Rajeev Chandrasekhar

Draft AI regulation framework to be released by July: Rajeev Chandrasekhar

by AIP Online Bureau | Feb 20, 2024 | Indian News, Risk Management, Technology

‘We will fully exploit the potential of AI but set up the guardrails as well to prevent misuse. We are today seen by the world at the forefront to harness AI technology. We are all for deploying AI across use cases, from farm to factories and we want to use AI...

Majority of Indian enterprises have deployed AI: IBM report

by AIP Online Bureau | Feb 16, 2024 | Data, Eco/Invest/Demography, Risk Management, Technology, Workplace/Employee Benefits

”Without the use of governance tools, AI can expose companies to data privacy issues, legal complications, and ethical dilemmas – cases of which we have already seen plaguing many across the world,” Sandip Patel, Managing Director, IBM India and South...
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