The government will come out with a draft regulatory framework for artificial intelligence (AI) by June-July, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said on Tuesday.
Addressing the opening session of the two-day Nasscom leadership summit here, he said, "the government is working on a draft AI regulation framework that is set for release in June or July this year. The intention is to harness AI for economic growth and address potential risks and harms."
Chandrasekhar further said the government is also determined to build AI-skilled individuals.
"We will fully exploit the potential of AI but set up the guardrails as well to prevent misuse. We are today seen by the world at the forefront to harness AI technology. We are all for deploying AI across use cases, from farm to factories and we want to use AI for economic growth, healthcare, agriculture, and farmer productivity," the minister said.
The government has been planning to release an AI regulation framework for long now. Even in May 2023, he had shared plans to release the first draft of the framework. However, the same is yet to be released.