Modi calls for global AI regulation 

“The situation of insecurity and instability in the West Asian region is a matter of concern for all of us,” Modi said

The Virtual Summit was called to review the progress on the decisions taken by the Leaders in September
The Virtual Summit was called to review the progress on the decisions taken by the Leaders in September

Prime Minister Narendra Modi on Wednesday told the leaders of the Group 20 (G20) block of large economies they ought to work together for global regulation of artificial intelligence (AI).

In the last few months, new challenges have emerged and the situation of insecurity and instability in West Asia is a matter of concern, said. Leaders including Russian President Vladimir Putin, Canadian Prime Minister Justin Trudeau and Brazilian President Luiz Inácio Lula da Silva attended the meeting.

“The situation of insecurity and instability in the West Asian region is a matter of concern for all of us,” Modi said. “It is necessary to ensure that the Israel-Hamas conflict does not become any form of a regional conflict.” “We believe that terrorism is unacceptable to all of us…we welcome the news of the release of hostages. We hope all hostages will be released soon,” Modi said. Israel and Hamas will soon enforce a limited-period truce to exchange Hamas-held hostages for Palestinian prisoners in Israel custody.

India has strategic defence ties with Israel while Arab countries are a major source of crude and natural gas for India. Any surge in crude prices will have fiscal and inflationary consequences for India and other economies. Speaking about worries about the negative effects of AI, Modi said “We have to work together on the global regulations for AI. Understanding how dangerous deepfake is for society and individuals, we need to work forward. We want AI should reach the people, it must be safe for society.”

Based on G20 AI Principles (2019), UNESCO’s Ethical AI Guidelines and India’s Responsible “AI for All” Principle; work on creation of a framework has been initiated by the Ministry of Electronics and Information Technology (MEITY).

The Virtual Summit was called to review the progress on the decisions taken by the Leaders in September even as India pushes for early implementation of priorities including climate finance and energy transitions. The virtual summit would be the culmination of the Indian Presidency in 2023 during which G20 leaders met physically in New Delhi on September 9-10 and agreed upon 205 outcomes.

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This article was first uploaded on November twenty-three, twenty twenty-three, at eight minutes past nine in the morning.
Market Data
Market Data