World should have a universal regulatory framework for developing tech like AI: FM Sitharaman

Union Finance Minister Nirmala Sitharaman emphasized the growing need for universal regulatory mechanisms to keep pace with rapidly evolving technologies such as Artificial Intelligence (AI). Speaking at the NEXT Milan Forum during a Plenary Session on ‘Balancing Economic and Climate Resilience’ at Bocconi University, Milan, she highlighted the challenges and opportunities emerging from new tech frontiers.

In a social media post on X, the minister stated that “Artificial Intelligence (AI) is a developing area. The regulatory mechanisms are also…