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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...
RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

RBI Deputy Governor urges banks to prioritize legal and cyber risks arising from AI

by AIP Online Bureau | Feb 12, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Technology

”With the adoption of AI and GenAI, laws are to be redefined. Industry needs to note that Digital Personal Data Protection (DPDP) Act rules are going to come soon, and banks may be in violation of some of it so it’s important to start preparing for...
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