Macron tells AI summit he's determined to 'shape rules' with allies
The Hindu
French President Emmanuel Macron told a global artificial intelligence summit in India on Thursday he was determined to ensure safe oversight of the fast-evolving technology.
French President Emmanuel Macron told a global artificial intelligence summit in India on Thursday he was determined to ensure safe oversight of the fast-evolving technology.
The European Union has led the way for global regulation with its Artificial Intelligence Act, which was adopted in 2024 and is coming into force in phases.
"We are determined to continue to shape the rules of the game... with our allies such as India," Macron said in New Delhi.
"Europe is not blindly focused on regulation; Europe is a space for innovation and investment, but it is a safe space."
At last year's AI summit in Paris, US Vice President JD Vance had warned against "excessive regulation" that "could kill a transformative sector".
Under EU laws, regulators can ban AI systems deemed to pose "unacceptable risks" to society, such as identifying people in real time using cameras in public spaces.
RBI postpones the Unique Transaction Identifier implementation for OTC derivatives to January 2027, enhancing market oversight.
U.S. tariffs on India may drop to 18% within days, following President Trump's recent tariff reduction announcement.
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Rupee rises 5 paise to 90.67 against the dollar, tempered by rising crude prices and a strong U.S. dollar.
India relaxes restrictions on Chinese equipment imports for power and coal projects, citing national interest amid delays and shortages.
Nvidia and OpenAI announce partnerships with Indian industry and academia to enhance AI education and infrastructure during the AI Impact Summit.
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The statement by the UN in India said that discussions will focus on “how AI can accelerate progress towards the Sustainable Development Goals while safeguarding human rights and addressing emerging risks”.
Stock markets open lower, led by declines in IT and Services, while select stocks like ITC and Tata Steel gain.
Industry experts highlight conventional financing as a barrier to India's pharmaceutical innovation and drug discovery advancements.
The rupee rises 5 paise to 90.67 against the U.S. dollar amid falling crude prices and foreign investment inflows.
India’s information minister said that big tech platforms like Google’s YouTube, Meta , X and Netflix must operate within the country’s constitutional framework