Moneycontrol PRO
Outskill Genai
HomeNewsBusinessGlobal AI Conclave: Rajeev Chandrasekhar flags regulatory void in monetising publicly scraped data

Global AI Conclave: Rajeev Chandrasekhar flags regulatory void in monetising publicly scraped data

Former Union Minister Rajeev Chandrasekhar highlighted gaps in India's regulations on monetising non-personal internet data, urging reforms to ensure fair compensation for content owners amidst rising concerns over AI model training practices.

November 22, 2024 / 12:55 IST
Former union minister Rajeev Chandrasekhar in conversation with Moneycontrol's Chandra R Srikanth at the CNBC TV 18 and Moneycontrol Global AI Conclave in Bengaluru on November 22

Former Union Minister Rajeev Chandrasekhar raised concerns on November 22 about the lack of a legal framework for the monetisation of publicly available non-personal data on the internet.

Speaking at the CNBC-TV18 and Moneycontrol Global AI Conclave, Chandrasekhar said, "There are certainly gaps in our jurisprudential framework when it comes to non-personal data and monetising of it, scraping the internet, monetising of publicly available data and so on."

Chandrasekhar, who was previously the minister of state for electronics, information, and technology, said this in response to a question on deepfakes.

However, his statement is also significant because it also concerns how big LLM models scrap publicly available data on the internet without paying fair compensation to the owners of such data.

"Is there anything in place that causes the model trainer to compensate for the publicly scraped information? Currently, no! We need to plug that gap," he said.

"You certainly don't want a situation where big LLMs scrape the internet 10 times over and they have created such a critical mass, and that they don't care about whether you go protest to any court to complain about your content. That is not a desirable outcome.," he said.

However, Chandrasekhar opined that these gaps in judicial frameworks will be addressed by amending existing regulations or introducing new ones.

When asked about whether India should focus on building its own LLMs or build on top of existing ones, Chandrasekhar declined to answer and called the debate a "waste of time".

However, he stressed the need to focus on using AI for solving real use cases. "We must focus on solving real use cases with the help of AI. Like DPI, in the next 2-3 years, India should be able to show how AI has been harnessed, and how common people have been impacted by AI."

Chandrasekhar said that he is still very active in politics and that he spends much of his time in Thiruvananthapuram, Kerala.

"I am very much in politics and public life, and I hope to continue to do what I was doing before I was doing as a minister -- shape the policies of the government of India, continue to expand the innovation system and so on," he added.

CNBC-TV18 & Moneycontrol Present Global AI Conclave 2024, Co-Powered By Intel AI, Associate Partners Adobe & Reliance Industries Limited, Ecosystem Partner TiE Bangalore, and Event Technology Partner Townhall

Moneycontrol News
first published: Nov 22, 2024 12:55 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347