‘Important to create common regulatory framework for generative AI’
leadership, a key recommendation was to develop a common regulatory framework for generative artificial intelligence (AI), said N Chandrasekaran, chairman, Tata Sons and chairperson of B20 India. Speaking at a press conference ahead of the three-day B20 India Summit, Chandrasekaran said, “Digital transformation by adopting AI at a scale is one of key objectives of this summit.
So much can be done on generative AI. It requires regulation in some form.
It is important to see how we can come together to create a common regulatory framework to bring responsibility in the use of generative AI, but it should not choke innovation." Chandrasekaran added that India’s experience in developing digital public infrastructure “will be useful" for this. He also detailed the themes that have been achieved at B20, the business forum of G20.
“We have had nine themes, seven task forces and two action councils, which have addressed the needs of the world economy, society and especially the global south," he added. The seven task forces set up under B20, which will present their reports during the Summit from 25-27 August, are centred around digital transformation, building a resilient global supply chain, financing sustainability transition, policies for economic recovery with focus on micro, small and medium enterprises; skilling, motivation and inclusivity of women; skilling in technological changes; integrating environmental sustainability guidelines (ESG) in businesses; and integration of the African continent.
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