Generative Artificial Intelligence or Generative AI (Gen AI) has remarkably democratised AI, thereby revolutionising various industries. With multiple emerging use cases for AI that are integrated into processes, services, products, decision-making and transactions across industry verticals, ethical concerns surrounding its use have become increasingly prominent. The key principles of ethics in focus include Transparency, Impartiality, Accountability, Reliability, Security, and Privacy. At present, Governments globally deliberate to put together regulatory policies that pave the way for responsible and ethical AI development. 

 

Authored for the IMC Chamber of Commerce and Industry (India's foremost Chamber of Commerce and Industry), this paper presents the perspectives on the ever-changing AI landscape and provides suggestions for a robust regulatory framework.

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Key learnings from the paper  

• Generative AI and ethical challenges

• Emerging Threat Vectors to manage for the deployment of Ethical and Responsible AI

• The Need for Regulating Generative AI

• AI landscape in different countries across the globe

• Best Practices for Developing a Regulatory Framework

• Regulatory Framework in India

• Recommendations on Commitment to Ethical AI

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