REGULATING BIAS IN AI
‘The Nvidia case can help us limit East India Company-like practices’
Stanford professor Fred Turner argues that Silicon Valley's culture, shaped by Cold War computing research and the 1960s counterculture, has evolved into a system where powerful technology leaders exercise influence with limited institutional checks.
ETMarkets Smart Talk| Higher yields offer opportunities, but investors need not rush into long-duration funds: Shriram Ramanathan
In this edition of ETMarkets Smart Talk, Shriram Ramanathan, CIO–Fixed Income at HSBC Mutual Fund, discusses the changing dynamics in India’s bond market, the outlook for interest rates and yields, and how investors should navigate the choice between debt mutual funds, fixed deposits and government securities. He also explains why liquidity and flexibility could matter more than rushing to lock into longer-duration bets in the current environment.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets extended their rally, with Sensex gaining 384 points to 77,301 and Nifty rising 150 points to 23,961, marking two-month highs. Positive sentiment, strong earnings, festive demand and buying across mid- and small-caps supported gains.
From enterprises to SMBs: How Flashfox AI plans to change the hiring game
GetWork’s AI hiring business, now spun off as Flashfox AI, is targeting 500 enterprise clients in the next 24 months as it expands into Southeast Asia and the Middle East.
Hospital balance sheet: How AI could cut costs and improve efficiency
As hospitals grapple with soaring costs in drugs, supplies, and labor, the integration of AI emerges as a vital necessity.
India is addressing Wall Street’s favourite ‘elephant’ in the room to its own advantage
The Indian government has identified 762 potential applications of artificial intelligence across 62 ministries and departments, spanning farming, railway safety, tax compliance, public grievances, customs and healthcare. While some tools are already in use, others remain in pilot or development stages.
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Social media norms, AI, deepfakes, chips among others on review list of parliamentary panel in 2026-27
The development comes as several incidents of age-inappropriate content, circulation of child sexual abuse material (CSAM), and alleged censorship on social media have been reported widely.
Meta tells Brazil's electoral court it treats Lula and Flavio Bolsonaro equally ahead of Sunday vote
Meta has taken steps to comply with a court order for equal treatment of presidential candidates in Brazil. The electoral court directed the company to ensure balanced platform coverage before the upcoming runoff election. This follows allegations from President Luiz Inacio Lula da Silva's campaign regarding biased algorithms favoring his opponent, Flavio Bolsonaro. Meta has implemented measures to uphold electoral advertisement regulations amidst growing tensions.
IMF chief warns energy shock, growing debt and AI risks threaten global growth
IMF chief Kristalina Georgieva warned that high energy prices, record public debt and the AI investment boom are fuelling inflation and threatening global stability. She urged high-debt economies to pursue fiscal consolidation and central banks to maintain a cautious, hawkish stance.
Automated chip design, physical AI lead startup activity across APAC: AWS exec
On the sidelines of the StradVision media tour in Seoul, AWS's Tiffany Bloomquist said these trends were per the company's expectations for the year from the region.
Quote of the day by Pope Leo XIV: ‘In the era of artificial intelligence, when human dignity is threatened by new forms of dehumanization, ours is the pressing duty…’ – Pope urges to protect what machines can never replace
In a thought-provoking encyclical, Pope Leo XIV raises alarms over the potential repercussions of artificial intelligence. He emphasizes the need to protect human dignity from the dehumanizing effects of technology. While AI may mimic intelligence, it lacks the depth of human consciousness. Our value shouldn't be gauged by metrics like efficiency.
“Gold loans are no longer just for rainy days”; Experian India's Manish Jain on why demand is rising
Manish Jain, Country Managing Director, Experian India, discusses the growing demand for gold loans, the lower risk of over-leveraging with enhanced regulation, and the future relevance of credit scores, in a conversation with Riju Mehta.
UNESCO can be 'moderator' in AI debate: chief to AFP
UNESCO chief Khaled el-that the UN culture and education agency become a facilitator in the worldwide wrangling on the risks of artificial intelligence. The UN educational, scientific and cultural organisation has long stressed that its remit covers more than heritage, looking to advance in areas ranging from access to education to the ethical use of artificial intelligence.
ETMarkets Smart Talk| From floor trading to AI algos: Why India’s retail traders are entering the automation era, says Shruti Jain
AI-powered algorithmic trading is becoming increasingly accessible to Indian retail investors, driven by Sebi’s regulatory framework, trading APIs and zero-code platforms. Arihant Capital’s Shruti Jain explains how automation can improve execution, reduce emotional bias and potentially become a mainstream trading habit.
GFF 2026: Digital finance has scaled, now trust and resilience must catch up, says RBI’s Deputy Governor Murmu
India's digital finance sector now prioritizes trust and resilience over access. Technology transforms finance, but trust remains the essential bedrock. Operational and cyber resilience are key priorities for the nation's financial infrastructure. Inclusion must extend beyond smartphones to reach all citizens. Technology distributes services, but responsibility always remains with regulated institutions.
Fintechs must treat data as fiduciary duty, not business asset, says RBI Governor Sanjay Malhotra
Mumbai fintechs must treat user data as a fiduciary responsibility, not a business asset. RBI governor Sanjay Malhotra stressed trust is key for financial system adoption and endurance. Firms growing significantly must take systemic responsibility beyond their balance sheets. Operational resilience and cybersecurity are essential prices for achieving scale.
'Fintechs must treat data as fiduciary duty, not business asset,' says RBI Governor Sanjay Malhotra
Reserve Bank of India governor Sanjay Malhotra stressed data fiduciary responsibility for fintechs. He stated that user data must be treated as a trustee asset, not a business asset. Firms must use data strictly within user consent, protecting it diligently. He warned that eroding trust through data misuse leads to irreversible damage. Operational resilience and cybersecurity are essential for firms achieving significant scale.
GFF 2026: India's fintech transformation a result of innovation, inclusion & trust coming together, says RBI's Sanjay Malhotra
Malhotra said fintech’s potential could translate into meaningful impact only when innovation reached people who were not already well served by the financial system. At the same time, such innovation needed to remain firmly anchored in trust, he added.
GFF 2026: After KYC, SBI chief flags ‘Know Your Agent’ as AI enters banking
Agentic AI's growing use in finance necessitates new checks beyond customer identification. Banks may develop a 'Know Your Agent' framework for autonomous systems. This framework will address AI identity, authentication, and transaction limits. Such systems require accuracy, accountability, and unbiased access for trust. India aims for intelligent inclusion by scaling AI financial services.
AI regulations should be nimble to boost innovation: Principal Scientific Advisor Ajay Sood
India's top scientific advisor advocates for agile AI regulations that foster innovation. New amendments to the IT Act 2021 address risks from artificial intelligence and deepfakes. The government prioritises innovation for inclusive growth and developing India by 2047. Existing laws will be strengthened to ensure public safety and fundamental human rights.
SME IPO framework overhaul: Can SEBI deepen liquidity, protect investors without shutting out growth-oriented SMEs?
As SEBI plans to overhaul the SME listing framework, the key challenge for the regulator will be strengthening investor protection while improving liquidity and keeping public-market access viable for growth-oriented SMEs.
Supreme Court asks authorities to consider suggestions on framing guidelines on AI ethics
The Supreme Court urged the Centre to consider petitioner suggestions on AI ethics. Binding guidelines for AI surveillance and content moderation were discussed. The court asked the petitioner to submit his writ petition as a representation. Authorities were asked to consider suggestions for appropriate measures. The petitioner can supplement his representation with further information.
Charting the path for ethical AI in Indian finance
The RBI has established the FREE-AI committee to develop a framework for responsible AI in financial services, addressing challenges like bias and transparency gaps from rapid AI adoption. The committee will propose governance models ensuring transparent, fair, and accountable AI, vital for India's advanced digital infrastructure.
AI deployment needs strong checks, mate!
AI tools should be efficient and effective assistants rather than unsupervised decision-makers, experts say.
First major attempts to regulate AI face headwinds from all sides
Lawmakers are tackling AI bias challenges with impact assessments, supported by industry groups like TechNet. Concerns exist over companies self-reporting discrimination risks, highlighting the need for transparency and accountability.
View: How to future-proof AI regulation
The Ministry of Electronics and Information Technology (MeitY) issued a revised AI advisory on March 15, overturning a provision from the March 1 version that required intermediaries to obtain government approval before launching generative AI or other AI deployments. The original advisory raised concerns about its legality and stifling AI innovation due to its unclear scope and broad control assigned to the government.
Why it's vital to consistently evaluate AI systems through a more humane approach to deal with bias
AI systems could be consistently evaluated and tested against predetermined indicators for bias, and results be made public to incentivise improvements and provide necessary information to other stakeholders engaging with such systems. Such regulatory frameworks need not be hardcoded.
Former Google researcher Timnit Gebru calls for stringent AI regulation
The clamour to regulate AI has grown over the past year in the face of technological advancements at breakneck speed.
ETtech Explainer: warnings aplenty against AI chatbot biases, ignore them at your own peril
The biases can have serious consequences. for individuals and communities, particularly those who have historically faced one or other type of discrimination. Biased algorithms, for instance, can lead to unfair lending practices, or unjust arrests and convictions.
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