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Digital public infrastructure and emerging technologies

· Shaktikanta Das, Governor of the Reserve Bank of India (India)

Summary written by Dark Majestic in its own words · topics: development and emerging economies, technology, ai and cyber risk

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· Shaktikanta Das Wiki · Reserve Bank of India WikiDigital public infrastructure and emerging technologies

ContextInaugural address by Shaktikanta Das, Governor of the Reserve Bank of India, at the RBI@90 Global Conference on "Digital Public Infrastructure and Emerging Technologies", Bengaluru, 26 August 2024.

Why it mattersIndia's governor addresses accountability when banks use AI models.

Problems raised
  1. AI adoption brings accountability questions.
  2. Institutions may not understand models.
  3. Liabilities are unclear.
Solutions proposed
  1. Build on digital public infrastructure.
  2. Ensure accountability for AI outcomes.
  3. Adopt AI responsibly with clear liabilities.
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