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Global Al policymakers may need a hubris check

Mint Mumbai

|

November 06, 2023

Orders and declarations on artificial intelligence have come thick and fast lately, with the UK's Bletchley Park back in the arc-lights, but AI is far too complex for snappy regulation

Global Al policymakers may need a hubris check

Governments appear keener on claiming the right to become the alpha custodians of artificial intelligence (AI) governance than on striking a balance by putting guard-rails around AI without stifling innovation. While their upping the ante to rein in tech companies that are building and releasing AI and generative AI (GenAI) models at a frenetic pace is credible, since it pressures them to develop responsible Al models, using terms like "world leader in AI safety" also smacks of one-upmanship in AI-related geopolitics. Consider these press announcements. On 30 October, the US government said President Joe Biden is issuing a "landmark Executive Order to ensure that America leads the way in seizing the promise and managing the risks of AI." On 1 November, the UK government followed by announcing at its just-concluded AI Summit at Bletchley Park that "leading AI nations" have reached a "worldfirst agreement" on "the opportunities and risks posed by frontier AI" (jargon for big foundational models like GPT-4). A day later, the UK a

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Tobacco cess set to expire, enter health and national security cess

Finance minister Nirmala Sitharaman will introduce a bill in Lok Sabha on Monday to levy a new cess for public health and national security, replacing the GST compensation cess on tobacco, which will lapse when the Centre completes repayment of the loans raised to compensate states.

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Battery PLI may get new spark as rules set to ease

Scheme saw limited success; 50GWh capacity by Dec 2024 goal fell far short

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3 mins

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China used to be a cash cow for western companies. Now it’s a test lab.

For Western companies in China, a new reality has set in: The easy money is gone and competition is only getting fiercer.

time to read

4 mins

December 01, 2025

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BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD

Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.

time to read

2 mins

December 01, 2025

Mint Mumbai

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New safety, emission rules spell riches for parts firms

Anti-lock brakes? Sound alerts for EVs? Ever-changing emission norms? For India’s nimble auto parts makers, every new regulation to raise safety and lower pollution is opening up business avenues.

time to read

3 mins

December 01, 2025

Mint Mumbai

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APIs to innovation: Bulk drug makers ramp up CDMO bets

Once focused on low-margin active pharmaceutical ingredients (APIs), India’s bulk drug manufacturers are raising their ambitions, with several now investing heavily in research and development to win contract development and manufacturing work from global drugmakers.

time to read

2 mins

December 01, 2025

Mint Mumbai

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Smart GDP growth casts shadow over December rate cut

The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.

time to read

2 mins

December 01, 2025

Mint Mumbai

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Why MF vendors haven't grown as fast as MF assets

A rising tide does not lift all boats—an adage that mutual fund distributors will vouch for.

time to read

4 mins

December 01, 2025

Mint Mumbai

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Gen Alpha will make new rules for their workplace

Gen Alpha will expect hybrid workplaces, Al tools and 4-day weeks— offices unrecognizable to their parents’

time to read

3 mins

December 01, 2025

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EC extends electoral roll revision by a week to II Dec; final list on 14 Feb

The Election Commission on Sunday extended by one week the entire schedule of the ongoing special intensive revision (SIR) of electoral rolls in nine states and three Union territories amid allegations by opposition parties that the “tight timelines” were creating problems for people and ground-level poll officials.

time to read

2 mins

December 01, 2025

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