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“The future of any new-age technology lies in the regulations that govern them. Artificial Intelligence (AI) promises a high growth potential in a number of sectors,” said Dipak Misra, former Chief Justice of India .
Speaking at the first International Conference on Law and Regulation of Artificial Intelligence (AI) organised by the IFIM Law School, Misra said: “AI needs a strong legal framework around it to explore maximum benefits. AI today is growing multifold and we still do not know all the advantages or pitfalls.” India has the right talent and technological resources. With a powerful legal directive, the country can set many milestones with a strong command over AI. “But India currently does not have specific regulations that govern AI. However, the country will be following the lead of countries such as Canada, Singapore, France, China and the UK, to name a few, to formulate and eventually implement policies and regulations that control the use of AI,” he said.
Private tech companies
Justice Dominique Hascher, Judge at the Supreme Court of France, in his address, spoke about the global scenario on the regulation of AI. “Each nation today aims to become a global leader in Artificial Intelligence. Hence, countries such as the US, the UK, China and Germany are increasing investments to leverage this technology. However, private technology companies are acing the field,” he said.
“India’s approach towards AI strategy has to be balanced for both local needs and the greater good. A strong regulatory system around this can ensure long-term benefits and growth,” said Justice Dominique.
In his welcome address, Dr Avinash Dadhich, Principal and Associate Dean at IFIM Law School, underlined the importance of academia in setting the direction of legal education in India. “The Industrial Revolution 4.0 promises a brighter future. New-age technologies such as AI and ML need to be comprehended well for their easy adoption across industries. The legal fraternity here will play a key role in developing an understanding of their use [in the judiciary]. Legal practice is never limited to any single sector. Hence, young lawyers today need to be well-versed with what the Industrial Revolution 4.0 offers.”
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