The government has also been decided not only to adopt AI (AI) technology, but also to ensure responsible applications across a variety of sectors, Finance Minister Nirmala Sitharaman said on Monday that he stressed the need for regulations to responsibly nurture AI innovation.
“We don't want regulations that literally wipe out the technology itself. Responsible applications are needed, so we need regulations,” Sitharaman revealed “Viksit Bharat's AI: Opportunities to Accelerate Economic Growth.”
Balancing innovation and safeguards
She said AI can play an important role in improving existing urban areas and finding solutions to plan new urban centers.
“We need to understand that AI can provide in-situ solutions and allow people to stay where they are.
AI is not static. It progresses rapidly and is dynamic in real time. “So we all have to be aware that we don't go back to ethics,” she said.
The challenges are not just work, but also ways in which these can affect society, which can be misused.
“We need to make it clear that regulations need to run races equally as they are technology running. If technology is in a sprint, regulations must also appear in a sprint.”
Reports show that AI creates many new roles, but replaces many existing jobs, especially in the administrative, routine and low-skill segments.
A techno-legal approach to AI safety
“India is a country where we can understand the meaning of good that gets in our way. Good things are never allowed, good things are never without riders. Good things are never in themselves.
Speaking at the event, Information Technology Minister Ashwini Vaishno said India has adopted a techno-legal approach and that its AI security is a virtual laboratory.
“Our growth is inclusive, robust and driven by technology. We cannot think of ourselves as a developed country unless we have excellent proficiency or control or confidence in some of the technologies, such as telecom technology, semiconductors, electric vehicles, biotechnology, the most complex engines, quantum and rare earths.
