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Cabinet approves over Rs 10,000 crore to boost India’s AI ecosystem

Cabinet approves over Rs 10,000 crore to boost India’s AI ecosystem

by AIP Online Bureau | Mar 9, 2024 | Eco/Invest/Demography, Indian News, Policy, Technology

By democratising computing access, improving data quality, developing indigenous AI capabilities, attracting top AI talent, enabling industry collaboration, providing startup risk capital, ensuring socially impactful AI projects, and bolstering ethical AI, it will...
AI advisory applicable on big platforms, not on start-ups: MoS IT Chandrasekhar

AI advisory applicable on big platforms, not on start-ups: MoS IT Chandrasekhar

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

”Advisory is aimed at the significant platforms and permission seeking from Meity is only for large platforms and will not apply to startups. Advisory is aimed at untested AI platforms from deploying on the Indian Internet,” Minister of State for...
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...
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