* India aims to start the process of legislating artificial intelligence (AI) regulations soon after the conclusion of the general elections. * The government recognizes the need for a regulatory framework to address various issues arising from technological advancements.
* The government is considering a legislative method rather than relying solely on self-regulation. * A self-regulatory body alone is deemed insufficient. * The proposed regulations will strike a balance to ensure that innovators’ creativity is not stifled.
* The rise of AI has led to an increase in incidents of deepfakes – synthetic media that can spread misinformation. * India faces challenges related to preserving intellectual property and addressing ethical concerns.
* The government has already consulted the industry on AI regulations. * After the elections, a formal consultation process will be launched to move toward legislation.
While fostering innovation, regulations will also consider implications related to copyright, financial matters, and commercial interests.
India’s approach aims to create a balanced regulatory structure that fosters innovation while safeguarding against misuse and harm.