

Metaverse
BIS works on AI platform standards; industry partners in loop – Crypto News
From diagnosing diseases to conjuring cool images, artificial intelligence (AI) had a free run for long. That may be about to end.
The Bureau of Indian Standards (BIS) is preparing a comprehensive set of standards for AI-related applications in India, two people directly involved in the process said. The bureau is consulting the ministries of consumer affairs, information technology and education, as well as AI industry partners to develop these standards, the people cited above said on the condition of anonymity.
Apart from Generative AI that throws up realistic images and text, AI finds use in a wide range of fields, including healthcare, finance, transportation, education and customer service. However, the explosive growth of AI applications has come with rising concerns on ethics and trustworthiness, necessitating a robust regulatory framework to ensure its responsible use, the people cited above said.
The initiative by BIS, which comes under the consumer affairs ministry, aims at a structured approach to regulate AI, focusing on the entire lifecycle of AI applications from development to deployment and their eventual impact, one of the two people cited above said.
Queries emailed to spokespersons of BIS as well as the ministries of consumer affairs and IT remained unanswered till press time.
Unintended consequences feared
“AI technologies are advancing rapidly, but the absence of clear standards and regulations could lead to unintended consequences, especially in areas where trust and transparency are paramount,” the second person said. “Our goal is to create a framework that not only guides developers but also protects users and stakeholders from potential risks,” he added.
The BIS framework will aim to ensure that all parties, regardless of their level of AI expertise, understand the processes they need to follow to enable coherent and effective stakeholder engagement. The framework would provide guidance for AI applications based on a common set of rules that include “make,” “use,” and “impact” perspectives, the people cited above said. These perspectives are intended to offer a comprehensive view of AI applications, taking into account both the functional and non-functional characteristics of AI, such as trustworthiness and risk management.
Experts believe the introduction of new BIS standards will bring much-needed uniformity to the sector and establish consistency across the industry.
“It’s a welcome move. The introduction of these standards will bring much-needed uniformity to the sector and establish consistency across the industry. Currently, in the absence of a formal framework, those in power set the rules, but this initiative will put an end to that,” said Pawan Duggal, a cybersecurity expert.
“As a result, it will benefit consumers, make the ecosystem more robust, and help eliminate inconsistencies in the practices and procedures that must be followed in cybersecurity,” Duggal said over the phone.
Wide-ranging applications
AI’s impact on society has been transformative. In healthcare, AI-powered systems can diagnose diseases, analyse medical images, and develop personalized treatment plans. In finance, AI algorithms can detect fraud, predict market trends, and optimize investment portfolios. In transportation, autonomous vehicles driven by AI have the potential to improve safety and efficiency. In education, AI-powered tutoring systems can provide personalized learning experiences and adapt to the needs of individual students.
However, the advance of AI has been accompanied by controversy.
Last year, New York Times sued ChatGPT creator OpenAI for allegedly using millions of NYT articles to train chatbots which now compete with it. In May, AI chipmaker Nvidia was sued by three authors for unpermitted use of copyrighted works to train its NeMo AI platform. In the same month, a professional model in India sent a legal notice to the Advertising Standards Council of India stating travel portal Yatra Online had used her facial features in an advertisement. In December, the Delhi High Court asked the Centre to respond to a public interest litigation against the unregulated use of AI and deepfakes. Earlier this month, the Bombay High Court granted interim relief to singer Arijit Singh in his copyright suit against AI platforms, which he said were violating his personality rights.
“While AI presents unparalleled opportunities for innovation, economic growth, and public welfare, it also introduces significant ethical, privacy, and security challenges. Without well-defined laws, the unchecked deployment of AI could lead to misuse, discrimination, and violations of fundamental rights,” said Dr. Vishal Arora, chief of business transformation and operation excellence at Gurugram’s Artemis Hospitals.
“Clear regulations are essential to safeguard against biases in AI algorithms, protect personal data, and ensure transparency in AI-driven decision-making processes. As India aspires to be a global leader in the AI domain, creating a legal ecosystem that supports responsible AI usage is not just necessary but urgent, ensuring that the benefits of AI are maximized while mitigating potential risks,” Arora said.
Growing AI market
According to a recent report by Boston Consulting Group (BCG) and Nasscom, India’s AI market is growing at 25-35% annually, and is projected to reach around $17 billion by 2027. The report predicted that the demand for AI talent in India may grow at 15% annually by 2027, as investments in AI continue to rise.
“Since 2019, global investments in AI have grown at a 24% annual rate, reaching nearly $83 billion in 2023. Most of this investment has been in AI technologies like data analytics, Generative AI, and machine learning platforms,” the report highlighted.
Consumer experts have raised concerns about the societal impact of AI, emphasizing the importance of transparency and accountability in AI applications.
“AI is not just a technological innovation. It has profound implications for society. Ensuring that AI applications are trustworthy and that stakeholders are aware of their roles and responsibilities is crucial for fostering public confidence in these technologies,” said Manish K. Shubhay, partner at The Precept-Law Offices and consumer rights advocate.
-
others7 days ago
Here’s What Bitcoin Needs To Do To Confirm Bullish Breakout, According to Trader Who Nailed 2024 BTC Correction – Crypto News
-
Blockchain7 days ago
XRP MVRV Ratio Dips Below The 200-Day MA – Trend Shift Underway? – Crypto News
-
others6 days ago
Bybit Shuts Down Its NFT Marketplace As Crypto Sector Struggles To Recover – Crypto News
-
Technology1 week ago
How to generate Ghibli-style AI portraits using Grok 3 — no ChatGPT subscription needed – Crypto News
-
Technology1 week ago
How to generate Ghibli-style AI portraits using Grok 3 — no ChatGPT subscription needed – Crypto News
-
Business7 days ago
Can Pi Coin Price Hit $1 Soon? – Crypto News
-
others7 days ago
Here’s What Bitcoin Needs To Do To Confirm Bullish Breakout, According to Trader Who Nailed 2024 BTC Correction – Crypto News
-
others7 days ago
Here’s What Bitcoin Needs To Do To Confirm Bullish Breakout, According to Trader Who Nailed 2024 BTC Correction – Crypto News
-
others7 days ago
XRP and Three Other Altcoins Could Witness Another Sell-Off Event, According to Crypto Strategist – Crypto News
-
Cryptocurrency6 days ago
Sony Singapore Now Lets Shoppers Pay in USDC Through Crypto.com – Crypto News
-
Blockchain6 days ago
Dogecoin Breaking These Levels Could Be The Catalyst For Next Bull Run, Analyst Says – Crypto News
-
Business1 week ago
XRP, BTC, ETH Price Prediction As Inflation Data Sparks Downturn in U.S. Stocks – Crypto News
-
Blockchain7 days ago
zkLend hacker claims losing stolen ETH to Tornado Cash phishing site – Crypto News
-
others7 days ago
Gold extends bullish trend amid rising trade tensions; fresh record high and counting – Crypto News
-
Blockchain7 days ago
SpaceX flight bankrolled by crypto investor launches first manned polar orbit – Crypto News
-
Blockchain7 days ago
Will Bitcoin Downtrend Continue? This Metric Suggests Yes – Crypto News
-
Blockchain7 days ago
Binance ends Tether USDT trading in Europe to comply with MiCA rules – Crypto News
-
Blockchain7 days ago
Binance ends Tether USDT trading in Europe to comply with MiCA rules – Crypto News
-
Technology6 days ago
XRP Price Predicted to Reach $10 in April if US Congress Stablecoin Bill Promotes Ripple’s RLUSD – Crypto News
-
Business6 days ago
XRP Price Predicted to Reach $10 in April if US Congress Stablecoin Bill Promotes Ripple’s RLUSD – Crypto News
-
Technology6 days ago
Apple Intelligence debuts on Vision Pro with visionOS 2.4 update: AI-powered features, spatial content and more – Crypto News
-
Cryptocurrency6 days ago
US equities slip after job openings disappointment – Crypto News
-
others6 days ago
Will BNB Price Rally to ATH After VanEck BNB ETF Filing? – Crypto News
-
others6 days ago
Pound Sterling consolidates against US Dollar ahead of Trump’s tariffs announcement – Crypto News
-
Cryptocurrency6 days ago
FLOKI price poised for 20% rally, Here’s why – Crypto News
-
others6 days ago
PENDLE Price Jumps 8% Today Amid Huge Whale Accumulation – Crypto News
-
others6 days ago
Fundstrat’s Tom Lee Calls for Imminent Stock Market Reversal, Says US Has the ‘Right Pieces’ for a Bottom – Crypto News
-
Technology6 days ago
European regulators warn of financial risks from US crypto integration – Crypto News
-
Business1 week ago
Builder.ai Announces Third-Party Audit After Allegations – Crypto News
-
Technology7 days ago
Over 60 pc broadband, fiber, DSL users surveyed flag problems with connection: LocalCircles poll – Crypto News
-
Cryptocurrency7 days ago
Tether Boosts Bitcoin Holdings By 8,888 BTC In Q1 2025 – Crypto News
-
others7 days ago
Austria Unemployment fell from previous 347.4K to 316.3K in March – Crypto News
-
Blockchain7 days ago
Hayes Predicts $250,000 Bitcoin As Fed Caves To QE Pressure – Crypto News
-
Cryptocurrency7 days ago
XRP, DOGE Shoot up as BTC Price Reclaims $84K Level (Market Watch) – Crypto News
-
Technology7 days ago
Best washing machines under ₹10000 in April 2025 to boost your laundry routine without overspending – Crypto News
-
Blockchain7 days ago
Analyst Calls Dogecoin Chart A ‘Beauty’ As Key Indicators Align – Crypto News
-
Blockchain6 days ago
Bitcoin Price Bounces Back—Can It Finally Break Resistance? – Crypto News
-
Cryptocurrency6 days ago
US equities slip after job openings disappointment – Crypto News
-
Blockchain6 days ago
Several Altcoins Crash Up To 50% On Binance, What’s Going On? – Crypto News
-
Business6 days ago
What to Expect From XRP Price as Trump’s ‘Liberation Day’ Tariffs Go Into Effect Today – Crypto News
-
Metaverse1 week ago
The Tools of Tomorrow: What Lies Ahead with the AI Revolution – Crypto News
-
Business1 week ago
MicroStrategy Acquires 22,048 Bitcoin For $1.92 Billion – Crypto News
-
Business1 week ago
ChatGPT To Launch Next Big Model, New Studio Ghibli Ahead? – Crypto News
-
others7 days ago
Will the RBA hint at further interest rate hikes at its policy meeting? – Crypto News
-
Technology7 days ago
Bumper discounts in Amazon Gaming Fest! Up to 70% off on gaming laptops, monitors, vlog cameras and more – Crypto News
-
Technology7 days ago
Whale Offloads ETH at Loss, But Experts Predict Ethereum Price Rally Amid April Macroeconomic Events – Crypto News
-
Technology7 days ago
SBI down: Mobile banking, ATMs and more affected; here’s what the bank said… – Crypto News
-
Cryptocurrency7 days ago
Crypto Game ‘Blade of God X’ Accused of Mismanagement by Former Exec – Crypto News
-
others7 days ago
GBP/USD could stretch lower if 1.2900 support fails – Crypto News
-
others7 days ago
Goldman Sachs Raises Chance of Recession in a Year to 35%, Says Trump Tariffs To Cause Inflation Spike: Report – Crypto News