Article link:
Government
unlikely to regulate AI, instead working on voluntary compliance code
Extract from the article:
The government's
stance on regulating AI has taken a shift towards promoting voluntary
compliance over strict regulations.
The absence of a
clear legal framework for regulating AI has led to a focus on developing a
voluntary compliance code instead of mandatory policies.
This approach aims
to encourage businesses to adhere to ethical practices in AI development
without imposing heavy-handed regulations. Key sectors like Nifty 50 BSE
Sensex, MSMEs, and National Science News are closely monitoring this shift in
government strategy towards AI governance.
My Take:
A. Regulating
Artificial Intelligence
Reflecting
on the current situation, it's evident that the call for regulating AI, which I
emphasized in my past blog, is becoming more crucial.
The
concept of mandatory approval for state-of-the-art AI developments, as
highlighted in my earlier writing, aligns with the current discourse on the
government's approach to AI governance.
In my blog
addressing the EU's AI Act and the US National AI Initiative, I emphasized the
importance of regulating AI development across various sectors.
The current
government's choice to focus on voluntary compliance rather than stringent
regulation echoes the need for proactive regulatory frameworks, as discussed in
my previous post.
It's crucial to
continue advocating for responsible AI practices amidst evolving policy
landscapes.
Call to Action:
To the IT Minister
of India and relevant authorities mentioned in the articles: Considering the
evolving dynamics of AI governance,
I urge policymakers
to engage in dialogues that strike a balance between fostering innovation and
ensuring ethical AI practices.
It is essential to
proactively shape regulations that promote responsible AI development while
fostering technological advancements for the benefit of society.
With regards,
www.HemenParekh.ai / 26
Nov 2024
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