THE FIVE PILLARS OF AI GOVERNANCE IN INDIA
The Morning Standard|November 05, 2024
THE US experiences with unregulated growth in social media and finance illustrate the dangers of delayed regulation.
ADITYA SINHA

Social media platforms initially expanded without oversight, embedding practices that later heightened misinformation and privacy issues, while unchecked financial innovation led to the 2008 crisis, necessitating reactive measures like the Dodd-Frank Act.

These examples underline the value of ex-ante regulations—proactive rules to mitigate risks before they mature. Policymakers must rely on theoretical frameworks to anticipate risks and close regulatory gaps in regulating a complex field like AI.

R. Baldwin contended that regulation must incorporate adaptive mechanisms in rapidly evolving sectors, enabling iterative updates as knowledge and technology develop. This aligns with K.L. Hood's concept of 'regulatory intelligence,' which encourages regulators to monitor the sector continuously. Finally, David Collingridge's dilemma—the notion that early intervention is difficult due to insufficient information, while later intervention is difficult due to entrenchment—underlines the importance of scalable, flexible regulatory structures that evolve alongside the sector.

There should be five pillars of AI regulations in India. The first would be the precautionary principle and ethical guardrails. India could take cues from the tiered risk framework in the EU AI Act. But it should be tweaked. Risk in AI is inherently dynamic. Therefore, a robust regulatory framework should incorporate adaptive risk categorization, where AI applications are periodically reassessed as new information and technologies emerge.

This story is from the November 05, 2024 edition of The Morning Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the November 05, 2024 edition of The Morning Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE MORNING STANDARDView All
The Morning Standard

Healing with art

NOW, what I want you all to do is, draw your inner mask and outer mask,\" instructs Vasavi Eriki as we grab our A4 sheets in unison and curiously look at the unknown faces on our screens at 'Explore, Express and Heal', an online art therapy workshop organised by Pause for Perspective.

time-read
2 mins  |
November 06, 2024
Jr NTR's Devara: Part 1 gets OTT release date
The Morning Standard

Jr NTR's Devara: Part 1 gets OTT release date

On Tuesday, Netflix announced that the Jr NTR-starrer Devara: Part 1 is coming to the platform on November 8.

time-read
1 min  |
November 06, 2024
The Morning Standard

7 guarantees in INDIA manifesta

THE INDIA bloc on Tuesday released its manifesto for the Jharkhand Assembly polls, promising the Sarna religion code for tribals, while guaranteeing Khatian-based domicile policy to woo the natives.

time-read
1 min  |
November 06, 2024
Eyes on host city as IOA submits letter of intent for 2036 Olympics
The Morning Standard

Eyes on host city as IOA submits letter of intent for 2036 Olympics

THE Indian Olympic Association has finally submitted the letter of intent to the International Olympic Committee on October 1.

time-read
2 mins  |
November 06, 2024
ERIGAISI SURVIVES ANOTHER CLOSE MATCH
The Morning Standard

ERIGAISI SURVIVES ANOTHER CLOSE MATCH

A win today will see the Indian GM becoming World Number 2

time-read
2 mins  |
November 06, 2024
The Morning Standard

Delhi up against table toppers Chandigarh

CHANDIGARH are on a roll after initial disappointment when they lost their first match against Railways.

time-read
1 min  |
November 06, 2024
The Morning Standard

1574 players sign up for IPL mega auction

A WHOPPING 1574 cricketers, including 1165 Indians, have signed up for the mega auction ahead of the Indian Premier League 2025 which will be held in Jeddah, Saudi Arabia, on November 24 and 25, the BCCI announced on Tuesday.

time-read
1 min  |
November 06, 2024
Djokovic withdraws from ATP Finals due to injury
The Morning Standard

Djokovic withdraws from ATP Finals due to injury

NOVAK Djokovic won't defend his ATP Finals title after ruling himself out on Tuesday due to an unspecified injury.

time-read
1 min  |
November 06, 2024
The Morning Standard

Muralikrishnan, Xiaomi India head, resigns

CHINESE smart devices firm Xiaomi's India head Muralikrishnan B has resigned from the company to pursue his interest in academic research, the company said on Monday.

time-read
1 min  |
November 06, 2024
The Morning Standard

Trade barriers could rise if Trump wins

THE US election results could have a far-reaching impact on global trade if Donald Trump emerges victorious on November 12, the election results day.

time-read
1 min  |
November 06, 2024