HomeNewsEconomyPolicyWant Big Tech to succeed but not at the cost of Indian entrepreneurs: Rajeev Chandrashekhar

Want Big Tech to succeed but not at the cost of Indian entrepreneurs: Rajeev Chandrashekhar

Former IT minister Rajeev Chandrashekhar says that while Big Tech brings a lot to the table, these companies must also comply with established rules and regulations.

November 21, 2024 / 17:07 IST
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Can Big Tech be held accountable to pay for content? As the world looks at ways to get Big Tech to pay for content and counter their dominance, Indian media companies face a similar situation: How to regulate without stymying innovation? Former Minister of State of Information Technology, Rajeev Chandrashekhar, in an interview with Moneycontrol's Shweta Punj says that while Big Tech brings a lot to the table, these companies must also comply with established rules and regulations. Excerpts:

You said a few years ago that Big Tech needs to compensate traditional media. It is happening in other countries too. In California, for instance, Google is fighting back on a bill that would force it to make payments to news publishers. Where is India this journey?

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I had broached this a few years ago ... I'm glad that the government is taking this forward. The bigger issue is of the nature of the relationship between the big platforms that have dominated the internet and 100s and 1000s of content creators. These platforms are scraping the internet and have access to this content. What is the nature of the relationship? That has been left undiscussed for several decades. Now the main point of monetization is at the front and centre. Who actually benefits from the value of that content? With AI, this problem becomes more compounded because these platforms live off publicly available content to train their models. And those models become multi-billion dollar models. The person, whose content it is, seldom sees the value in that whole value chain when that content is monetized or is used to train. So it is a slightly larger issue that needs to be discussed. When a media house creates original content and it is uploaded on the net, can social media or AI platforms use it without sharing it equitably?

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One of the reasons why this has not moved forward in India is because media, per se, are loath to have the government intervene in what they thought was a contractual relationship between them and social media platforms. For many years, media saw social media platforms as a way for them to expand their reach and take their content to distribute it further at minimal cost. Fast forward to now and media has woken up to the brutal reality that most of the business models are very much controlled and impacted by the presence of these platforms and the contractual agreements they have.