Monday, 24 July, 2023
Tech Companies Reject Further AI Regulations, Call for Statutory Body
![Tech Companies Reject Further AI Regulations, Call for Statutory Body](https://d3vnc3w6v6jm99.cloudfront.net/tech-companies-reject-further-ai-regulations--call-for-statutory-body.webp)
Leading technology companies have voiced their resistance to additional regulations on AI development, proposing the creation of a statutory body to oversee AI-related matters instead. The industry players argue that more laws could stifle innovation and hinder progress in the AI sector. They advocate for a collaborative approach with a regulatory body that can strike a balance between fostering AI advancements and ensuring responsible use of the technology.
Read full story at Economic Times