Regulate AI!

AI is a powerful technology that has the potential to do a lot of good, but it also has the potential to do a lot of harm. Whereas, Generative AI models use neural networks to identify the patterns and structures within existing data to generate new and original content.

Generative AI can produce a variety of content including text, imagery, audio and synthetic data. The fact is the balance between technological gains and the harmful effect of the technology is a policy debate that will challenge governance all over the world.

However, despite its potential benefits, implementing Generative AI in a company and its applications is not without its challenges. Companies face hurdles in terms of data quality, employee training, ethical considerations, security measures among others when utilizing this technology. India has embraced ChatGPT so much and so early.

In a recent visit of Sam Altman, OpenAI CEO in New Delhi, India, said future AI systems could cure all diseases, help humans address climate change, radically improve education and make people 10 to 100 times more productive. He further said, "We're on an exponential curve and that there is a need for AI regulations for big players like themselves while insisting there should be no regulation on smaller companies”.

On May 16, Altman had testified before the US Senate. He urged that AI could be used to spread targeted misinformation, noting that the United States will have in its presidential elections in 2024 and India also to go for the General Election in the next year.

There is increasing concerns about the possible weaponization of generative AI by the world’s superpowers. Going forward, we don’t really know what the geopolitical attacks by the superpower may look like.

The government of India is working on the Digital India Bill, a law that may govern emerging technologies including AI. OpenAI has been investing in start-ups working in artificial intelligence. It also closed OpenAI Startup Fund I worth $175 million.

Minister of State for IT, Rajeev Chandrasekhar said it is "not the right time" to worry about AI causing job losses. The focus should be on regulating AI to prevent it from harming users. He further added that India won't regulate AI based on use cases and rather through the "prism of user harm".

NVIDIA is a leading provider of artificial intelligence hardware and software, and Generative AI is one of the most promising areas of AI research, gained the status of a trillion-dollar company on May 30, 2023. There are rising concerns that Generative AI could be used for harmful purposes, such as creating deepfakes or generating synthetic content. If governments regulate Generative AI too heavily, it will make it difficult for NVIDIA to sell its products.