India teases AI plan to 'catalyse the next generation of the internet'
India's ebullient tech minister, Rajeev Chandrasekhar, has teased the release of guardrails for AI, plus publication of"one of the largest publicly assembled datasets in the world" as part of a forthcoming IndiaAI program that will explain how the nation puts artificial intelligence to work.
"The program will be one of the largest publicly assembled and available datasets in the world. Working with the fintech ecosystem, it will certainly catapult and catalyse the next generation of fintech and other parts of the internet." Chandrasekhar didn't detail the dataset and why it will change the nature of the internet. But India certainly has a lot of financial data to work from. The government-run Unified Payments Interface handles billions of transactions each month, and links to numerous other payment schemes and financial institutions.
At the Conclave, Chandrasekhar said the bill will include"guardrails" for AI,"in the context of user harm, in the context of open markets and competition, and in the context of accountability."
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