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PM FLAGS CONCERNS OVER BIAS IN AI; CALLS FOR ETHICAL USE

The Business Guardian

|

August 28, 2023

PM Modi called biz communities and govts to work together to ensure usage of ethical AI as "we have to sense the potential disruptions in different sectors

PM FLAGS CONCERNS OVER BIAS IN AI; CALLS FOR ETHICAL USE

On Sunday, Prime Minister Narendra Modi called for a global framework for ethical use of Artificial Intelligence (AI) as he flagged concerns surrounding bias in such modern technologies and their impact on the society.

Days ahead of the G20 Summit, the prime minister also made a strong case for developing an integrated approach to deal with issues concerning cryptocurrencies. Modi, addressing B20 Summit India 2023 organised by CII, said India is preparing a global framework for Green Credit and urged industry leaders to adopt life and businesses with emphasis on planet positive actions. High-lighting issues concerning climate change, energy sector crisis, food supply chain imbalance, water security, Modi said such matters have a big impact on business and to combat these challenges, there is a need to increase common efforts.

"Now, there is a challenge related to cryptocurrencies. There is a need for more and more integrated approach in this matter. I think, a global framework should be created for this, in which all stakeholders are taken care of," Modi said at the gathering attended by global and domestic business leaders. A similar approach, he said, is needed regarding artificial intelligence as well.

"Today, the world is showing a lot of excitement regarding AI. But amidst the excitement there are also some ethical considerations. Regarding skilling and reskilling, concern is being raised about algorithm bias and its impact on the society. Such issues also have to be resolved together," he added.

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The Business Guardian

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Reassessing sustainable development through lens of ‘Integral Humanism’

Sustainable development has been a buzzword in the past decade that has helped mobilise the entire globe to pull off massive conventions addressing issues like climate change, global warming, and depletion of natural resources with an alarm ing degree of urgency. But there is an obvious chasm between what has been talked about and what has actually materialised on the ground. The global leadership on sustainable development appears to have proven itself inadequate in controlling the damage that is being caused by the forces of modernisation. Access to development is indeed a human right, and modernity is also a pressing need of the times we live in. Both of these appear to be the only answers to the questions of poverty and misery that we see still engulfing a large part of our population. But one cannot deny that development in its conventional course can only happen at the expense of natural resources. Infrastructure can develop only at the cost of forests, and material well-being can only happen at the cost of natural resources. And therefore, a severe paradox presents itself, demanding our immediate attention, as to where we can find the solution that could bring a resolution to this problem.

time to read

4 mins

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The Business Guardian

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WIN Lounge brings Global leaders together for climate action

‘The Women Inspiring Network (WIN) brought together global leaders during Climate Week New York 2025 alongside the 80th United Nations General Assembly (UNGA), as the WIN Lounge emerged as a platform for conversations on sustainability, innovation, business and culture, as per a press release.

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2 mins

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The Business Guardian

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HC rejects Tahir Hussain’s bail plea in Ankit Sharma murder case

The Delhi High Court on Thursday refused to grant bail to former Aam Aadmi Party(AAP) councillor Tahir Hussain.

time to read

1 min

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The Business Guardian

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Camfil launches ISO-Compliant HEPA & ULPA filter facility in Manesar

Camfilhas added a new production line for HEPA and ULPA filters at its Manesar plant, increasing supply capacity for hospitals, pharmaceutical cleanrooms, biotechnology labs, and other high-containment facilities.

time to read

1 min

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The Business Guardian

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RBI ISSUES FRESH GUIDELINES TO ENHANCE DIGITAL PAYMENT SECURITY

The Reserve Bank of India (RBI) has issued new directions to strengthen digital payment security, mandating multi-factor authentication and enhanced safeguards from April 2026.

time to read

1 mins

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The Business Guardian

Nail care: Natural solutions for brittle nails

Brittle nails—those that split, peel, or break easily—can be both frustrating and painful.

time to read

2 mins

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The Business Guardian

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ICRA projects India’s Third-party data centre capacity to double by FY28

India’s digital backbone is set for a major boost as third-party data centre capacity is projected to double to 2,400 to 2,500 MW by FY28 from 1,250 MW in FY2025, supported by investments of nearly Rs 90,000 crore during FY 26-FY28, according to rating agency ICRA.

time to read

2 mins

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The Business Guardian

The Business Guardian

Cubera Cube launches in India for smarter audience targeting

Cubera Tech India Pvt. Ltd., a global innovator in ad-tech intelligence, today announced the India introduction of its groundbreaking product -- Cubera Cube -- a real-time audience discovery and campaign ideation platform powered by conversational AI (artificial intelligence).

time to read

2 mins

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The Business Guardian

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Congress holds working committee meet in Patna

The Congress Working Committee on Wednesday began its meeting in Bihar’s Patna ahead of the Legislative Assembly elections later this year.Congress Chief Mallikarjun Kharge hoisted the national flag at Sadagat Ashram, Congress’ headquarters in Bihar, ahead of the meeting.Senior Congress leaders Rahul Gandhi, KC Venugopal, Pawan Khera, former Chhattisgarh Chief Minister Bhupesh Baghel, Bihar Pradesh Congress Committee (BPCC) president Rajesh Ram, the party’s Bihar in-charge Krishna Allavaru, and Congress Legislature Party leader Shakeel Ahmed Khan, among others, reached the Sadaqat Ashram for the meeting.

time to read

1 min

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The Business Guardian

The Business Guardian

SIDBI launches cluster development Model

The Small Industries Development Bank of India (SIDBI) has launched a low-cost, innovative, and self-propelling model of cluster development through its national scheme, Development of Industry Associations (DIA), a release stated.

time to read

1 min

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