The recent G20 Summit serves as a clear indicator of our accelerated shift toward a new societal era, particularly in the Information Age. Moderation, compliance, and regulations surrounding AI-driven products and services are now imperative. Just a few years ago at the G7 Summit in 2019, the discussion centered around the Principles of AI. Today, the focus has shifted towards the implications and complexities of this technology. Rather than merely advancing AI, the primary concern now lies in its regulation to address potential misuse and consequences.
Reports predict that the ascension of AI could potentially replace over a billion jobs and render another 375 million obsolete within the next decade. Beyond job displacement, a myriad of critical concerns exist regarding AI’s impact, from ethics to privacy and bias issues.
Global discourse on AI policies is not novel. Many countries have conducted internal deliberations to accommodate AI usage. For instance, the European Union’s introduction of the Artificial Intelligence Act in 2021 embraced a risk-based approach, restricting AI in sectors posing threats while fostering its dynamic use in domains like healthcare. Similarly, Canada’s Artificial Intelligence & Data Act mandates developers to design mitigation plans, ensuring enhanced transparency of AI models.
India, recognizing AI’s diverse potential and the gradual experience of both benefits and threats, stands at a pivotal juncture to propose a comprehensive AI policy. The G20 Summit’s objective evaluation of AI, emphasizing pro-innovation regulation, is reassuring.
Indian Prime Minister Mr. Narendra Modi has advocated for a framework promoting responsible, human-centric AI governance. Well-crafted moderation and regulations can harness AI’s potential for socio-economic development, fostering a workforce adept at emerging technologies.
As key G20 member nations convene, a consensus and the creation of an ethical AI confederation stand as the path forward. This collaborative effort aims to mitigate risks while expanding opportunities for societal progress. Ultimately, just as sentient humans require divine intervention for balance, intelligent devices necessitate human intervention to ensure equilibrium, sustenance, and harmony.