America’s policy on making AI safe, reliable and useful for everyone is a golden opportunity for Indian AI developers and companies to become globally competitive
For the first time, financial regulators in the US have cited artificial intelligence as a risk, calling its increasing use in financial services a “vulnerability” that needs monitoring. This comes on the heels of an EU consensus for an all-encompassing law to regulate AI, ensure transparency and penalise tech companies financially for non-compliance.
In this flurry of activity lies opportunity. On October 30, US President Joe Biden signed an executive order (EO) on AI, which signalled US’s commitment and approach to maintaining its leadership position in coming years. As the US’s strategic partner, India has a lot to gain from this EO.
Daily life, daily risks| AI touches human life from the day to day – such as using map apps – to the significantly more complex tasks – such as detecting malignancies in an MRI. The explosion of interest in AI tools Chat GPT and Bard had everyone use and interact with this technology. However, AI also poses challenges and risks, such as unintended bias, plagiarism and cybersecurity. Thus, it is crucial to have guidelines for the development and use of AI.
In this flurry of activity lies opportunity. On October 30, US President Joe Biden signed an executive order (EO) on AI, which signalled US’s commitment and approach to maintaining its leadership position in coming years. As the US’s strategic partner, India has a lot to gain from this EO.
Daily life, daily risks| AI touches human life from the day to day – such as using map apps – to the significantly more complex tasks – such as detecting malignancies in an MRI. The explosion of interest in AI tools Chat GPT and Bard had everyone use and interact with this technology. However, AI also poses challenges and risks, such as unintended bias, plagiarism and cybersecurity. Thus, it is crucial to have guidelines for the development and use of AI.