India’s New AI Regulation, Explained - Indian Startup News 199

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00:00 India's new AI regulation
03:22 Digital East India Co.
06:01 Zepto Pass is extremely popular
07:29 Flipkart gets into quick commerce
08:35 Ather and BlackBuck IPOs
09:14 Indian funding news
India's new AI regulation: India has recently implemented stringent measures to regulate AI development, requiring significant tech companies to seek government permission before deploying their AI models. This move has sparked concerns about stifling innovation in the country. The Ministry of Electronics and Information Technology (Meity) issued an advisory that mandates AI platforms to label their content as AI-generated and warn users about potential unreliability. While initially criticized for hindering innovation, the Minister of State clarified that the advisory only applies to major platforms and excludes startups, specifically targeting untested AI platforms. This shift in policy comes after concerns arose from Google's Gemini providing ambiguous responses, prompting the government to address the unreliability of AI platforms. However, critics argue that such regulations may deter AI growth, potentially leading to a loss of opportunities as companies move to more favorable regulatory environments.
Digital East India Co: In another development, Google delisted 10 Indian apps from its Play Store due to non-compliance with its billing policy. The issue revolves around Google's monopoly on billing systems, charging 11% to 30% on transactions, creating financial challenges for Indian apps that could benefit from alternative payment gateways with lower fees. After discussions with Indian government officials, Google agreed to reinstate the apps, granting a 120-day period to find a solution. This incident sheds light on global concerns about Google's monopolistic practices, reminiscent of Epic Games' successful antitrust case against Google in December.
Zepto Pass is extremely popular: Zepto, a quick-commerce unicorn, achieved over 1 million subscribers within a week of launching its loyalty program, Zepto Pass. Offering free deliveries and discounts on groceries, Zepto aims to replicate the success seen by Zomato.
Flipkart gets into quick commerce: Meanwhile, Flipkart plans to enter the quick commerce market, targeting a $45 billion Total Addressable Market. While entering the market later than competitors like Zepto and Swiggy Instamart, Flipkart's potential acquisition of Dunzo could provide the necessary capabilities to build its quick commerce business.
Ather and BlackBuck IPOs: In IPO news, electric scooter maker Ather Energy and logistics startup BlackBuck are reportedly planning their IPOs, with Ather aiming to raise $400 million at a $2 billion valuation. However, these plans are not confirmed, and further details are awaited.
Indian funding news: Indian startups raised $137 million this week, a decrease from the previous week. Notable funding rounds include mPokket raising $60 million in debt, IDfy securing $27 million, Rozana receiving $22.5 million, Cardiotrack raising $2 million in pre-series A, and Dubpro.ai securing $500,000 in seed funding.

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1 июн 2024

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Комментарии : 115

@saiajaygarine6382 2 месяца назад

Backstage with millionaires is THE only channel which maintains it's consistency in bringing quality content without any discrepancy in it's way to deliver pure and authentic content. I am a follower since 1.5 years and i don't miss any video.

@chetantalele5841 2 месяца назад

AI Safety and Alignment researcher here. The new "regulation" is not enforceable,that is it's just an advisory. However,it does indicate a dangerous trend nonetheless. The only reason IT sector in India saw a growth was due to the fact that our sarkari babus didn't bother to regulate it. AI governance and regulation is necessary but there are proper frameworks for that like anthropic benchmarks. EU has passed the AI act to ensure transparency and mitigate public concerns about bias. This is not the same as "seeking approval" before launching models

@MOYASH1591 2 месяца назад

just shut up and read whole paper i think it's needed and many country will do it in future, india is first to do and so this will not decrease the process as r&d is not in the regulation/not working in AI model b....... it's a criteria which model have to pass before releasing to public soon many country will do and by this EU wala comment wanna say try mistralAI

@MarktYertd 2 месяца назад

India is making the same mistake as the European Union, regulating before creating AI technology or company. India will be left without company or innovation like what is happening to Europe right now before big competitors like China, Korea and the USA

@bv6168 2 месяца назад

😂😂

@malto_only 2 месяца назад

Agreed

@hj2711 2 месяца назад

Don’t worry. Nothing will happen. It’s just advisory.

@abrajitota3618 2 месяца назад

It's not a law it's just a guideline, and I think it's important for the consumer to have something that is regulated. Either it could be dangerous, just opinion, maybe you take is different

@chetantalele5841 2 месяца назад

China has not just AI but also algorithmic regulation. This policy of theirs is pretty old. Yet,China is progressing because their form of regulation is more about ensuring transparency and mitigating bias for the government instead of 'seeking approvals'. Google up China's algorithm regulations

@SanjayKumar-fb5xz 2 месяца назад

I think the government actually doesn't want to regulate AI, but the response they got from Google ai on PM did force them. It's actually a message/signal to founders and companies that don't cross the line. That's why it's just an advisory and the minister didn't take it back even after huge backlash. If the message is received properly then we won't have any frictions in future

@agnishom 2 месяца назад

Sounds very authoritarian

@SanjayKumar-fb5xz 2 месяца назад

@@agnishom actually it's partly authoritarian because in lot of instances the Indian state has perceived the national interest by using this ambiguity of law.

@pratyushbehere3580 2 месяца назад

I think labeling content from AI is a good idea, since it does often makes up stuff

@Chaos_rider_666 2 месяца назад

Because this is a very immature technology like a baby we should let it mature a little and then regulate it now India is literally killing the goose that lays egg for some stupid reason we had the potential to become an ai superpower with our massive database but now it's all ruined

@hj2711 2 месяца назад

@@Chaos_rider_666it’s just advisory relax.

@Chaos_rider_666 2 месяца назад

@@hj2711 for now we all know where this will lead to I'm not against Government regulating ai I'm just saying it's way too soon first we need to develop a massive industrial ecosystem with this tech then once it gets matured then we can regulate as we please

@hj2711 2 месяца назад

@@Chaos_rider_666 agreed, but it all depends upon global regulations not domestic.

@Chaos_rider_666 2 месяца назад

@@hj2711 exactly what i said there is a reason why US is not regulating AI because they knew this will slow their AI development while china without any restrictions well devlope an ai far more powerful than what US had and it's game over Because whoever cracks the AI code will be the superpower of the next century that's how big ai revolution will be nothing like social media or other tech advancements This is exactly why i said we should develop ai with maximum effort else we'll be pushed back several decades behind its not the time to care about regulations the literal safety of the entire nation depending on it Most people have no idea how power a truely intelligent ai is using it a nation could invent anything from cure for cancer to nuclear fission, quantum computing etc. who ever gets this tech first will leave the rest of the world behind in dust

@objectsmedia4523 2 месяца назад

Gemini also started claiming everyone significant in history was black

@oneplusbackup7077 2 месяца назад

I mean Gemini was right ! Why did Google have to correct it. Then the model is flawed.

@anilraghu8687 2 месяца назад

I read Krutrim as crew trim.

@preetham4194 2 месяца назад

Why do you think that the Indian govt is putting restrictions on AI regulations?

@JanakSingh-hb3bf 2 месяца назад

Because they don't want to come the truth out

@Chaos_rider_666 2 месяца назад

Because those in power have no Idea About tech. India is notorious for constantly missing out on new technology bus from automobiles to electronics to morden ai we were always steps behind, all because of unnecessary regulations This is a new tech there are bound to be mistakes the government just have to give warnings or impose fines that's all

@marufhassan634 2 месяца назад

It called Modi a dictator and the govt instantly took action and brought this regulation.

@hj2711 2 месяца назад

@@JanakSingh-hb3bfwhat truth lol😂

@hj2711 2 месяца назад

@@marufhassan634it’s just an advisory

@abisheklunia 2 месяца назад

Also, no force on earth can stop innovation and progress. Smartness lies in how to harness that innovation, rather than standing against it. If we stand against it, we'll be blown away like a candle in a storm. We should figure out how to redeploy our workforce, how to make AI help us achive our goals.

@pcodes 2 месяца назад

I think their intentions are to "create friction" for big tech companies which has a lot of resources and if they're being trained using a "country specific" data then the models can be used for "against the country" and for the profitability of their stakeholders and their "own country". This will not only be a MOAT but also a very strategic tool for the big tech. Leaving behind the startups and other home growned models behind. Tldr; This of it as a 21st century "East India Company" which trades in country specific data, builds models and help foreign businesses to have unfair advantages to win their markets.

@Adhavmani 2 месяца назад

Without second opinion, definitely we need regulatory body for AI. Even though it acting as advisory now, they should regulate in the future. Yes, AI is the future, but it come with its own dangerous and there is some place monitoring their activity to avoid the any wrong thing in the future. Anyway, I like your voice modulation change in the middle :)

@ManOfSteel1 2 месяца назад

mody is fascist no doubt in that! gemini is right and trustable!

@paramveersharma8041 2 месяца назад

we want fascist Modi, like xi zinping.

@paperclips1306 2 месяца назад

No. AI needs regulation whatever the starting point is

@Chandra_Sekhar_Reddy_M 2 месяца назад

In the name of Startup .. we should not exempt them from regulations. They are as same as regular company owners and do your best by following the country's rules.

@haroldpierre1726 2 месяца назад

Makers of major AI platforms are going above and beyond to regulate themselves. These companies are keen on avoiding any embarrassment that could lead to a decrease in their market value. In fact, it seems like they might be taking self-regulation too far, to the point where it backfires, much like what happened with Google's Gemini.

@rahulsagarpv 2 месяца назад

Thanks again for another great video. The whole issue of Google playstore makes no sense though. Monopoly or duopoly is what all entrepreneurs aspire to be- when you do not obey their rules and regulations you get kicked out. Isn’t that the same with anything? You go to any organization and act outside their norms, you get kicked out. Playing the national card like many did in this case is low- imho. Thanks again - Rahul

@paramveersharma8041 2 месяца назад

speaking like a google spokesperson. good one

@abrajitota3618 2 месяца назад

It's not a law it's just a guideline, and I think it's important for the consumer to have something that is regulated. Either it could be dangerous, just opinion, maybe you take is different

@yosup125 2 месяца назад

for the algo

@SujithKumarddk 2 месяца назад

Flipkart was in the quick commerce space, but then they gave up. Now tbey are back at it.

@ranjancom2000 2 месяца назад

AI should prioritize exploring advancements in medicine and renewable energy, as well as making coding accessible to everyone, rather than focusing solely on technologies like deep fake and text-to-video conversion.

@vishwajithpuranik 2 месяца назад

There is no Indian Internet😂

@Chaos_rider_666 2 месяца назад

This the problem with Indian government stopping something before the tech even starts developing good job now we'll loose any hope of catching up to US or China in AI 👏🏻

@bv6168 2 месяца назад

Kuchh bhi 😂😂

@Chaos_rider_666 2 месяца назад

@@bv6168 well keep laughing this type of attitude is exactly why we are 20 years behind the developed nations 🤦🏻

@paramveersharma8041 2 месяца назад

@@Chaos_rider_666 bro.. you need to learn more about Geopolitics and Geo-economics then come here to talk about why we are behind 20 years than western hegemonic countries.

@Chaos_rider_666 2 месяца назад

@@paramveersharma8041 lol when ever we lag behind we always put our fingers at our colonial history and use it as excuse 🤦🏻so why is china, Taiwan, Japan, south Korea, Israel and even Singapore is ahead of us in terms of technology? While we are whining they did the actual work in Singapore it takes just 5 minutes to register and apply for a start up in India just to start a 5star hotel it takes 38 permissions and we all know how long it will take you first go and read history about why we lagged behind in automobile and electronics then you'll understand how inefficient un supportive we had been of nurturing new businesses and start ups Western hegemony has nothing to do with our incompetence if we had first invented microprocessors or social media we could have had trillion dollar companies here too but we never created the environment for talented and visionary entrepreneurs to create such products Semiconductors, Blockchain and now ai this trend continues even now 'the more strict the regulations are the lower the innovations will be' no country is exception to this rule, EU is the prime example the lag behind US in tech because of their strict regulations even china had surpassed them.........first learn basic economics and teach others you're just speaking out of emotions

@abrajitota3618 2 месяца назад

Actually I don't understand why you are so worried, it's just a guideline not a law. And yes don't tell me that you don't know the difference between guideline and law. And of course we need a regulation it's good for the consumer. AI is a powerful thing and the future of course. But to prevent scam we need regulation. And this is truth, cry now

@punnia123 2 месяца назад

Innovation is important but when you have Krutrim and Gemini then there needs to be some check in place. Babus only know ban/seek approval so that's what they did. Also, it's important to keep the chappri population of India in mind who would believe a RU-vidr/tiktokia more than actual books.

@RavarsenBlogspot 2 месяца назад

If someone thinks modi isn’t a fascist, they’ve never lived in a fascist country to identify the symptoms

@rajeshchaurasiya9 2 месяца назад

Promoting culture is different than enforcing them. If India is fascist then what would you call Pakistan? I am sure you don't have word for that.😅

@00mpa1oomp4 2 месяца назад

This is the dumbest move from the goberment 🤦🤦🤦

@barryobrien1890 2 месяца назад

What is a significant company?. India lists 10 year old companies as startups. How are AI models approved by the government? Not sure if this guidance means anything. Will anyone try to sue Apple for their app store. At least Google allows other stores, so If enough developers don't like Google policies, they can switch. Ios does not allow any other apps stores.

@geethakrishnamurthy3155 2 месяца назад

Ai Regulation: Predictive or gen ai consume data -data is where governance is crucial, especially when we are the only developing nation that's doing significantly well while rest are struggling.. geopolitical situation almost always abuse/misuse data to damage. Our data is largely unknown and we are already deal with plenty of mind virus given the 70 years of Congress letting AntiNational & Corrupt Missonaries & IslamicJihad groups at large.. We, Bharat, are vulnerable It's best to be wise & regulate Ai 🙏🏻

@geethakrishnamurthy3155 2 месяца назад

ADR, who filed the Electoral Bond petition, is largely funded by Omidyar, Ford & Thakur Foundation. In last 9yrs they sent ~₹14Cr to ADR. These NGOs are known for fueling political instability in the target nation on behalf of other global powers. Omidyar & Ford are already on MHA's 'watch list'.

@gkytstudio 2 месяца назад

5:53 Country : 18% Company: 30%

@bv6168 2 месяца назад

Google should be fined heavily. In india they literally acting like east india company to harm indian startup ecosystem

@Chaos_rider_666 2 месяца назад

Yea putting fine on Google is good but punishing the entire AI ecosystem is a mistake this will ruin our progress in this area

@paramveersharma8041 2 месяца назад

@@Chaos_rider_666 no body is punishing the entire ecosystem. watch the news properly its only applies for BigTech not for startup.

@barryobrien1890 2 месяца назад

Well if Google pulls out of India, then India can switch to the Freedom 251Startup phone, or go with Made in India IPhones, and Wawei phones that are outside the google ecosystem.

@Chaos_rider_666 2 месяца назад

@@barryobrien1890 lol freedom 251 is a literal scam even the owner is currently in jail, wana buy Huawei gud luck giving all our nations data directly to ccp it won't take long before our government ban that phone just like tictok for national security, iPhone is the only alternative to Google and do you even know how expensive it is? Only less than 5% of Indians can even afford it think before you speak even with iPhone there is no alternative for Google search, RU-vid and maps That's why we need to develop our own ecosystem before doing anything to Google or other western tech companies and these kinds of regulations will only hinder our development

@nisx91 2 месяца назад

"lose out in the crypto space" - as if any other country has successfully innovated with crypto besides the money laundering use case.

@coding_infinity 2 месяца назад

That not hilusinatoon its the fact which govt dont like

@user-yk5vc8kx6f 2 месяца назад

IT sector in India will be overthrown...by manufacturing sector or NBFCs

@ipikluninja91 2 месяца назад

I feel AI development "should be" more strongly regulated. With development of AGI it can take away a lot of jobs from people; a significant development of AI also has the potential for recession even if AGI is years away. AI based startups shouldn't be allowed to compete so freely in the market.

@Chaos_rider_666 2 месяца назад

It only works if the entire world has same regulations but if only India is going to regulate AI it will hinder it's development while china, US and other countries will go several years ahead of us and we will loose out on an important tech just like we did with industrial revolution, automobile, electronics, crypto etc. there is a reason why developed nations don't even bother to regulate it so soon let it develope afterwards we can always regulate once it gets mature Also job loosing is not bad in an complete ai driven world you would be given UBI (universal basic income)

@paramveersharma8041 2 месяца назад

If AI is not regulated it will literally become threat for developing countries. Kudos our govt stepped up.

@Chaos_rider_666 2 месяца назад

@@paramveersharma8041 read my previous comment first it's ok if all countries started regulating ai but if only India does it we will simply lag behind other countries Chinese companies without any restrictions we create 100 times more powerful ai than India which will give them edge in almost every sector that's how valuable ai is it's potential is beyond industrial revolution itself, then we can only cry later after loosing out in the race

@dab6923 2 месяца назад

@@Chaos_rider_666years close to destruction

@Chaos_rider_666 2 месяца назад

@@dab6923 that's just your assumption based on stupid Hollywood movies and lets assume you're right if India restricted AI do you think other countries will do the same china without any restrictions will create the most powerful AI and boom in next one year India will be completely under china's mercy do you want that to happen It's a do or die world no one is going to Stop just because India stopped developing AI whatever happened to us under British will happen again this time by China or any other powerful AI country

@arpitxarma 2 месяца назад

😊😊😊

@MohammadImran-rn1vg 2 месяца назад

Offcourse AI should be regulated but it's important to strike a balance between regulation and innovation.

@scorpiosting2975 2 месяца назад

Yes AI regulation is required as the artificial generation will kill human creativity and also can be used to tweak the reality to suit their objectives

@divyaalok5538 2 месяца назад

जय श्री राम

@nitantpatole 2 месяца назад

Ya AI should be regulated

@paramveersharma8041 2 месяца назад

not only regulated it should be controlled like how china is doing controlled AI in technological sector not in some mundane work.

@abrajitota3618 2 месяца назад

@@paramveersharma8041I think he doesn't mean this, I completely believe that it's needed. It's good for the consumer to have a regulated thing. And of course if the government have no business in business what I believe absolutely. Then business should not have any business in governance. We don't want a deep state like America. So that's why regulation is f****** important