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 "AI artificial intelligence technology")
ILLUSTRATION: AJAY MOHANTY
Last week, the Union Cabinet cleared a package of Rs 10,371.92 crore for the National AI Mission, primarily to fund private sector initiatives. Although well-intentioned, the fact is that the private sector is able to find the investments necessary to establish the IT infrastructure and develop the models and the market. What is needed is adequate policy support for an enabling environment for the AI ecosystem, in terms of regulation, legislation, customs and tax policy. Furthermore, since AI works on the basis of large amounts of data, there is an urgent need to fine-tune the processing and storage of personal and non-personal data as the sector grows. These are political concerns and contributions that only the government can address, the top edition maintains. Read them here.
In other views:
The second edition explains why the National People’s Congress’ targets for GDP growth and inflation for next year have been met with disbelief. Read them here
Debashis Basu outlines the recent measures by the RBI and Sebi to cool the exuberance in fintechs and markets. Read them here
Ajit Balakrishnan reflects on the political balance between allowing widely varying performances of ChatGPT-type entities and encouraging innovation. Read them here
First published: March 11, 2024 | 6:30 a.m IS
