Proposed AI Law to Focus on Risk-Based Regulation, Official Says
Quick Look
A proposed AI law may classify systems by risk, leading to minimal regulation for low-risk AI like chatbots and stricter rules for high-risk AI in sectors like banking and healthcare, according to an official.
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Why It Matters
A proposed new law on artificial intelligence (AI) may focus on classifying modern AI systems and frame graded risk-based regulation.
A proposed new law on artificial intelligence (AI) may focus on classifying modern AI systems and frame graded risk-based regulation, an official told ET. This may result in minimal regulation for low-risk AI such as chatbots, productivity tools, recommendation systems, while ensuring stricter obligations for high-risk AI used critical sectors such as banking, finance, health and critical infrastructure. "A new law may allow the government to
What to Watch
AI outlook — possibilities, not facts
Minimal regulation for low-risk AI like chatbots and productivity tools.
Likely · Within months
Stricter obligations for high-risk AI in critical sectors.
Likely · Within months
Open Questions
- What specific criteria will define high-risk AI?
- When will the law be proposed or enacted?
