Govt panel for an inter-ministerial body to oversee AI regulation

A committee involving members from different central ministries has recommended setting up an inter-ministerial body to oversee artificial intelligence (AI) regulation, according to sources familiar with the matter.

In a report submitted to the government last month, the committee recommended following a “whole-of-government approach” to regulate AI, wherein every ministry has a role, apart from the Ministry of Electronics and Information Technology (Meity), said a source.

The submissions by the committee propose a disclosure provision for companies in cases where the AI platform/model causes harm to the user.

“If you look at the example of algorithmic trading and how that