A development that has set tech circles in the U.S. abuzz is an advisory issued by the Indian Ministry of Electronics and Information Technology (MeITY) that attempts to regulate AI. The advisory, issued late on Friday, has asked tech companies to seek the government’s approval before the release of AI tools.
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This includes AI models, large language models (LLMs), platforms that use generative AI, or any algorithms currently in the development stage. The companies should also appropriately label any potential flaws for unreliable or experimental tools, including generative AI, which may provide inaccurate responses.
Union Minister for Electronics and Technology, Rajeev Chandrashekhar, clarified that though the advisory is not legally binding, it signals future regulatory directions, hinting at potential legislation if compliance isn’t ensured.
This advisory comes after a top Indian minister lambasted tech giant Google (NASDAQ:GOOGL) last week as its AI tool, Gemini, termed the Indian Prime Minister Narendra Modi as “fascist.” Google swiftly responded to the allegation and acknowledged the tool’s unreliability, especially regarding current events and politics.
What Is the Future Price of GOOGL Stock?
Analysts remain bullish about GOOGL stock with a Strong Buy consensus rating based on 29 Buys and eight Holds. GOOGL has surged by more than 40% over the past year, and the average GOOGL price target of $164.59 implies an upside potential of 20% at current levels.
