India AI initiative – Govt Set to Launch the Largest AI-Based Datasets Program by April, Says IT Minister

This past week has worked phenomenally well for anyone who loves big announcements in the field of artificial intelligence. First, Hong Kong revealed its plan to build its own AI-based ChatGPT-like platform, followed by Cloud Company Salesforce joining the Generative AI race, things are moving fast in the tech world.

The big tech announcement came from Rajeev Chandrasekhar, the minister of state for electronics and information technology, reported by MoneyControl.

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India AI initiative – a Platform with the Largest Datasets

By the beginning of April, the government plans to unveil the India AI initiative, an artificial intelligence platform boasting “one of the largest publicly gathered datasets in the world.”

Chandrasekhar remarked during the opening session of the Moneycontrol India Fintech Conclave: “One of the world’s largest publicly gathered and accessible data sets would be the program. It will undoubtedly propel and catalyze the next generation of fintech as well as other facets of the Internet by working with the fintech ecosystem.”

Nirmala Sitharaman, the finance minister, also made an announcement on the National Data Governance Framework Policy, popularly known as the India AI initiative, during her speech about the budget.

• To encourage research by start-ups, a policy on data governance will be rolled out. This will make anonymized data accessible, she further added.
• A portal will be created as part of the framework to handle requests and give Indian researchers and start-ups access to non-personal and/or anonymized datasets.
• Additionally, Chandrasekhar also added that the upcoming Digital Personal Data Protection Bill and the Digital India Act would impact the way how platforms interact with consumers and citizens.

The IT Act was replaced by the Digital India Act. It is a global standard, current law that addresses the future of the internet, the future of the tech innovation ecosystem, user harm issues, openness accountability, and other issues, the minister stated.

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The bill would identify different categories of middlemen. The diversity of intermediaries today, as well as their complexity and differences, he said, “demand different sorts of regulation and other types of rulemaking,” and he added that the measure would only be implemented following a consultation process.