The government would regulate artificial intelligence technology to make sure that it doesn’t hurt “digital citizens,” according to Union Minister of State for Entrepreneurship, Skill Development, Electronics and Technology, Rajeev Chandrasekhar.
At a press conference to highlight the digital initiatives undertaken so far by the Prime Minister Narendra Modi-led government, the Union Minister said, “Our strategy for regulating AI is really straightforward. We will regulate AI as we regulate Web 3 or any emerging technologies to ensure they do not harm digital citizens.”
He added that companies interested in pursuing business in India must first take steps to minimize the consumer harm. He also addressed the concerns about potential job losses brought on by advent of new technologies, stating that AI in its current form poses no threat whatsoever to employment.
He believes that AI technology as it now is mostly task-oriented and unable to handle circumstances that require logic and reasoning. The minister explained that AI is still in its infancy.
“While AI is disruptive, we do not anticipate the alleged threat of job replacement in the coming years because AI is now very task-oriented and not yet capable of reasoning, logic, or other higher-order thinking processes,” he said.