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5 things about AI you may have missed today: India preparing AI regulations, IBM’s AI acquisition, more
Technology

5 things about AI you may have missed today: India preparing AI regulations, IBM’s AI acquisition, more

[ad_1] Today, December 19, has turned out to be an important day for artificial intelligence, especially for India. The government has announced that it has commenced the process of formulating regulations on AI to foster development, protection, and innovation in this space. In other news, IBM has revealed its plans to acquire StreamSets and webMethods platforms of Software AG for a total of 2.3 billion dollars in a bid to improve its own AI offerings. This and more in today's AI roundup. Let us take a closer look.Indian government preparing AI regulationsThe Indian government has initiated the process of formulating regulations for AI to promote development, protection, and innovation in the field, reported PTI. The Secretary of the Ministry of Electronics and Information Technology (...
5 things about AI you may have missed today: EU official warns against AI paranoia, Visa to invest in gen AI, more
Technology

5 things about AI you may have missed today: EU official warns against AI paranoia, Visa to invest in gen AI, more

[ad_1] Today was an interesting day for artificial intelligence developments. A senior official of the European Union (EU), Vera Jourova, has warned that the bloc's upcoming legislation on AI should not be based on paranoia of the technology, as it can lead to too restrictive regulations and hamper the growth of AI. In other news, Visa has revealed its plans to invest $100 million in companies that are focused on generative AI. This and more in today's AI roundup. Let us take a closer look.EU official warns against AI paranoiaVera Jourova, the European Commission's vice-president for values and transparency, told the Financial Times that the fear of a dystopian future and paranoia of the emerging tech should not be the basis for finalizing the regulations around AI. Jourova is also one ...