Tech Budget 2024: How India’s interim union budget is set to shape AI for all
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As India charts its course towards becoming an artificial intelligence (AI) powerhouse, the Union Budget for 2024-25 assumes critical significance, building on the substantial groundwork laid in the previous fiscal year. With a focus on ethical safeguards, upskilling initiatives, and supportive policies for startups, the budget is likely to aim at fortifying the nation's AI sector for sustained growth.Ethical AI Practices: Governance and RegulationRecognizing the potential biases that AI systems may inherit from non-uniform data distribution, the budget may emphasise the necessity of regulations. Governance regulations to establish ethical standards for AI developers and companies. Drawing inspiration from the Digital Personal Data Protection (DPDP) Act, the government is likely ...