Saturday, November 22, 2025
0.9 C
London

Finance

OCC Launches AWS GenAI Technology for Enhanced Financial Services

Revolutionizing transaction processing in the financial industry with AI...

Bitcoin Dip: Cryptocurrencies Suffer $2 Billion Liquidation Losses

Market turmoil triggers significant sell-offs in digital currencies. Highlights: Bitcoin...

UK Government Unveils Billions in AI Investment Ahead of Budget Announcement

Strategic funding to bolster the UK's AI sector and...

4 Essential Insights into Stablecoins You Need to Know

Explore the key aspects driving the growth of stablecoins...

EMVCo Focuses on Advancing Agentic Payments for Enhanced Transactions

Exploring EMVCo's initiatives to strengthen agentic payment frameworks. Highlights: EMVCo...

Marketing

OCC Launches AWS GenAI Technology for Enhanced Financial Services

Revolutionizing transaction processing in the financial industry with AI...

Bitcoin Dip: Cryptocurrencies Suffer $2 Billion Liquidation Losses

Market turmoil triggers significant sell-offs in digital currencies. Highlights: Bitcoin...

UK Government Unveils Billions in AI Investment Ahead of Budget Announcement

Strategic funding to bolster the UK's AI sector and...

4 Essential Insights into Stablecoins You Need to Know

Explore the key aspects driving the growth of stablecoins...

EMVCo Focuses on Advancing Agentic Payments for Enhanced Transactions

Exploring EMVCo's initiatives to strengthen agentic payment frameworks. Highlights: EMVCo...

Politics

OCC Launches AWS GenAI Technology for Enhanced Financial Services

Revolutionizing transaction processing in the financial industry with AI...

Bitcoin Dip: Cryptocurrencies Suffer $2 Billion Liquidation Losses

Market turmoil triggers significant sell-offs in digital currencies. Highlights: Bitcoin...

UK Government Unveils Billions in AI Investment Ahead of Budget Announcement

Strategic funding to bolster the UK's AI sector and...

4 Essential Insights into Stablecoins You Need to Know

Explore the key aspects driving the growth of stablecoins...

EMVCo Focuses on Advancing Agentic Payments for Enhanced Transactions

Exploring EMVCo's initiatives to strengthen agentic payment frameworks. Highlights: EMVCo...

Strategy

OCC Launches AWS GenAI Technology for Enhanced Financial Services

Revolutionizing transaction processing in the financial industry with AI...

Bitcoin Dip: Cryptocurrencies Suffer $2 Billion Liquidation Losses

Market turmoil triggers significant sell-offs in digital currencies. Highlights: Bitcoin...

UK Government Unveils Billions in AI Investment Ahead of Budget Announcement

Strategic funding to bolster the UK's AI sector and...

4 Essential Insights into Stablecoins You Need to Know

Explore the key aspects driving the growth of stablecoins...

EMVCo Focuses on Advancing Agentic Payments for Enhanced Transactions

Exploring EMVCo's initiatives to strengthen agentic payment frameworks. Highlights: EMVCo...

India opts against AI regulation

India does not plan to regulate the growth of AI within the South Asian market, identifying the sector as a “significant and strategic” area for the nation. This stance arrives at a time when numerous voices are calling for increased scrutiny of the rapidly advancing technology.

The Ministry of Electronics and IT said in a long written response on Wednesday that it has assessed the ethical concerns and risks of bias and discrimination associated with AI. The ministry said it’s implementing necessary policies and infrastructure measures to cultivate a robust AI sector in the country, but does not intend to introduce legislation to regulate its growth.

The expansion of AI will have a “kinetic effect” on entrepreneurship and business development in India, the ministry asserted. “AI is a kinetic enabler of the digital economy and innovation ecosystem. Government is harnessing the potential of AI to provide personalized and interactive citizen-centric services through digital public platforms.”

In spite of the burgeoning interest in artificial intelligence in the U.S. and many developed markets, India has seen a limited number of startups entering the field. A strategic initiative from New Delhi could potentially encourage talented individuals to explore opportunities.

India’s decision, which impacts the world’s second-largest internet market, comes as tech entrepreneurs and academics increasingly call for government intervention in AI. Last week, more than 1,100 signatories, including Elon Musk and Steve Wozniak, signed an open letter urging “all AI labs to immediately pause for at least 6 months the training of AI systems more powerful than GPT-4.”

Italy recently imposed a temporary ban on OpenAI’s ChatGPT, citing concerns that it violated the European Union’s General Data Protection Regulation (GDPR). While some U.S. lawmakers have expressed concerns about AI, few are actively pursuing regulation, The New York Times reported last month.

source

Hot this week

OCC Launches AWS GenAI Technology for Enhanced Financial Services

Revolutionizing transaction processing in the financial industry with AI...

Bitcoin Dip: Cryptocurrencies Suffer $2 Billion Liquidation Losses

Market turmoil triggers significant sell-offs in digital currencies. Highlights: Bitcoin...

UK Government Unveils Billions in AI Investment Ahead of Budget Announcement

Strategic funding to bolster the UK's AI sector and...

4 Essential Insights into Stablecoins You Need to Know

Explore the key aspects driving the growth of stablecoins...

EMVCo Focuses on Advancing Agentic Payments for Enhanced Transactions

Exploring EMVCo's initiatives to strengthen agentic payment frameworks. Highlights: EMVCo...

Topics

OCC Launches AWS GenAI Technology for Enhanced Financial Services

Revolutionizing transaction processing in the financial industry with AI...

Bitcoin Dip: Cryptocurrencies Suffer $2 Billion Liquidation Losses

Market turmoil triggers significant sell-offs in digital currencies. Highlights: Bitcoin...

UK Government Unveils Billions in AI Investment Ahead of Budget Announcement

Strategic funding to bolster the UK's AI sector and...

4 Essential Insights into Stablecoins You Need to Know

Explore the key aspects driving the growth of stablecoins...

EMVCo Focuses on Advancing Agentic Payments for Enhanced Transactions

Exploring EMVCo's initiatives to strengthen agentic payment frameworks. Highlights: EMVCo...

ECommPay Enhances Payment Solutions with Apple Pay QR Integration

Revolutionizing transaction experiences through seamless QR payments. Highlights: ECommPay launches...

European Central Bank Plans to Interlink TARGET with UPI and Nexus for Global Payments

Exploring the implications of the ECB's initiative for international...

SBS Integrates Wero Digital Wallet into Open Banking Platform for Enhanced Payments

This collaboration will streamline payment processes for users and...