Prime Minister Narendra Modi has highlighted the need for a global framework to regulate the ethical use of Artificial Intelligence (AI) and emphasized the importance of an integrated approach to dealing with cryptocurrency issues. Speaking at the B20 Summit India 2023 organized by the Confederation of Indian Industry (CII), Modi expressed concerns about bias in modern technologies and their potential impact on society.
With the G20 Summit approaching, Modi called for a concerted effort to develop guidelines for the ethical use of AI, aiming to address the potential biases that can arise in AI systems. He emphasized the need for a global framework to ensure that AI technologies are used responsibly and for the benefit of all. By establishing ethical standards, it is hoped that the integration of AI into various sectors of society can be achieved in a fair and unbiased manner.
In addition to AI, the Prime Minister also discussed the importance of adopting an integrated approach to dealing with cryptocurrencies. As digital assets gain popularity, Modi stressed the need for a comprehensive strategy to address the various issues surrounding cryptocurrencies. This approach would involve integrating regulations, policies, and technologies to maximize the potential benefits while minimizing the risks associated with cryptocurrencies.
Modi also touched upon India’s preparations for a global framework for Green Credit. Encouraging industry leaders to embrace sustainable practices, he emphasized the importance of adopting planet positive actions in both personal and professional lives. By emphasizing the need for businesses to operate in an environmentally friendly manner, Modi aims to create a global framework that incentivizes sustainable practices and supports a greener future.
The Prime Minister’s call for a global framework for ethical AI and an integrated approach to cryptocurrencies reflects the growing need to address the challenges posed by emerging technologies. With technological advancements shaping various aspects of our lives, it is imperative to establish guidelines and regulations that ensure their ethical use. Furthermore, by adopting an integrated approach to cryptocurrency regulation, governments can harness the potential benefits of these digital assets while mitigating potential risks.
As the G20 Summit approaches, global leaders will have an opportunity to discuss and collaborate on these important issues. It is hoped that through international cooperation and shared understanding, a global framework for ethical AI and an integrated approach to cryptocurrencies can be developed, ensuring the responsible use and harnessing the potential benefits of these technologies for the betterment of society.
