India is taking a nuanced approach to regulating Artificial Intelligence (AI), aiming to strike a balance between fostering innovation and ensuring user protection. According to Amit Sheth, Founding Director of the Indian AI Research Organisation (IAIRO), India’s strategy differs from the more extreme stances observed in the US and the European Union.
Sheth highlighted that the US excels in cutting-edge AI research with consumer-focused models, backed by robust financial markets and advanced technology infrastructure. Conversely, China has showcased the development of sovereign AI capabilities through strategic investments and talent cultivation, despite chip export restrictions.
Instead of replicating consumer-centric AI models, Sheth advocates for India to pioneer industry-specific AI solutions in critical sectors like healthcare, agriculture, finance, and governance. IAIRO, comprising experts from academia and tech giants like Amazon and Meta, emphasizes the importance of nurturing a skilled AI workforce to build trustworthy AI systems.
Source: mint – technology