Posted 3/4/2024, 4:01:00 AM
India Tightens AI Regulations, Requiring Firms Get Approval For New Models
- India issues advisory requiring tech firms to get government approval before launching new AI models
- Advisory cites power granted under IT Act 2000 and IT Rules 2021; asks for compliance with "immediate effect"
- Marks reversal from India's previous hands-off approach to AI regulation
- Comes after backlash over Google's Bard giving controversial response about Modi being fascist
- Non-compliance could result in penalties; has spooked Indian startups and VCs who see it hindering global competitiveness