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The European Union wrapped up approval of the world's first law governing AI development last week. This legislation takes a tiered approach, setting varying compliance timelines and regulations based on the potential risk each AI system poses. Generally applicable AI will have a year to comply, while high-risk systems get up to three years.
There could be a separate Act to regulate deepfakes if needed, MeitY Secretary S Krishnan said during the AI Alliance Delhi NCR conference.
In submission to MCA notes that such regulations require more careful and in-depth examination of market realities
Expedia, BookMyShow signal revival; new rules to make ecommerce fairer : Rashtra News #Expedia #BookMyShow #signal #revival #rules #ecommerce #fairer Travel, events and movies, among the sectors hit hardest by the pandemic, are starting to show signs of a revival. Expedia Group, which saw gross bookings plummet 90% year-on-year in the second quarter of 2020,
This surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and position the country as a trailblazer in establishing a robust digital public infrastructure (DPI) ecosystem, a pivotal factor in enhancing financial inclusion. The dynamic DPI framework, strengthened by fintech advancements, is projected to inject a windfall of $400 bn into the economy in seven years.