New Delhi, May 13 (KNN) According to MoS for Skill Development and Entrepreneurship, Rajeev Chandrasekhar India has plans to formulate some principles which will act as guardrails for the AI sector. 

He told ET that this will help regulate generative AI platforms such as Microsoft’s Open AI and Google’s Bard as well as their use by other companies. 

The Minister said that the central government is not in in favour of legislation to regulate generative AI yet unlike the stance taken by the European Union and the US government.

He added that discipline needs to be brought into the industry that can cause much chaos and harm.

“If anybody says I know the right way to regulate AI, there will be an Elon Musk view, the Open AI view, or 100 other views. We are not going to go down that road at all,” he told ET in an interview.

“AI is an emerging technology, and we will establish some principles as guardrails. Then the subordinate legislation or how to regulate it will keep evolving," he said.

India has one of the largest data sets and is therefore very crucial for companies working on generative AI. It is importantIndia does not allow technology regulation to lag technology innovation in AI, the minister said. 

“AI innovation is now growing very fast. In a blink of an eye, there's a new disruption. So, therefore, we must establish fairly embedded principles in the law.”  (KNN Bureau)