Why in News?

• Recently, Italy has recently banned ChatGPT due to concerns over the collection of personal data and the lack of guardrails to prevent minors from accessing the AI chatbot.

Highlights

• NITI Aayog, has issued some guiding documents on AI Issued such as the National Strategy for Artificial Intelligence and the Responsible AI for All report.
• Emphasises social and economic inclusion, innovation, and trustworthiness.
• Proposed legislation called the European AI Act to introduce a common regulatory framework for AI.
• The AI Act will also work in tandem with other laws such as the General Data Protection Regulation (GDPR).
• Classifies different AI tools according to perceived risk level and imposes different obligations and transparency requirements.
• May include ChatGPT under the General Purpose AI Systems category, which describes tools that can perform multiple functions.
• Outlined a light-touch approach, asking regulators in different sectors to apply existing regulations to AI.
• Published a white paper outlining five principles companies should follow: safety, security and robustness; transparency and explainability; fairness; accountability and governance; and contestability and redress.
• AI has the potential to automate many processes, which could lead to job displacement for people who are skilled in those areas.
• This raises questions about the ethics of using AI for job displacement and the potential impact on workers and society.