The RBI wants digital lenders to follow ethical AI standards. But what does this mean in practice? In this article, we explore how digital lenders can adopt ethical AI standards before hardline regulation causes business disruption. “In our early days at Upstart, we couldn’t know for certain whether our model would be biased. It wasn’tRead more
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This blogpost discusses the comments prepared by Ikigai Law with Ms. Arushi Goel (ex-Judge, India and a legal advisor based in UAE) for the draft ‘Data Protection Regulatory Framework’ notified by the Abu Dhabi Global Market in November 2020. The Abu Dhabi Global Market or ADGM is an international financial centre and a financial freeRead more
The copyright office has sought stakeholder inputs on making amendments to India’s copyright law. In this blogpost we look at some of the areas in which the law could potentially be amended. At the end of October 2020, the Registrar of Copyrights[1] sought inputs[2] from businesses on whether they think India’s copyright law requires anyRead more
To cope with burdensome airport security checks, airports are implementing innovative technologies to make passing through security easier and safer for passengers. According to the International Air Transport Association (IATA), the APAC region was expected to see an additional 2.1 billion air passengers by the close of 2036. The corresponding growth in the airport securityRead more
1. What is an AI stack? An AI stack is a reference model that lists all infrastructural components that are required to build, train, deploy and scale AI systems. An AI stack is essentially a ‘building’ made up a different ‘tech’ floors placed one over the other with each floor representing one kind of AIRead more
1. Preliminary 1.1 Google hosted the fifth edition of its annual Google for India event on 19 September 2019. Google launched a range of products and services during this event and provided an insight into the work it is doing around technology in India. India’s information technology (“IT”) minister, Ravi Shankar Prasad, was also invited byRead more
We are delighted to announce the launch of the ‘Digital Technology Policy for India’s USD 5 Trillion Economy’, an IAMAI report authored by Ikigai Law (available here). The report was launched in New Delhi on 24 September 2019 by Sunil Jain (managing editor, Financial Express), Baijayant Panda (national vice president, BJP), Aruna Sundararajan (former secretary,Read more
1. Introduction Algorithmic bias (“AI bias”) is a phenomenon that occurs when “an algorithm produces results that are systematically prejudiced due to erroneous assumptions in the machine learning process.” One might be led into believing that artificial intelligence (“AI”) based tools should produce unbiased results given they are machine-driven; however, this myth needs to be bustedRead more
Context: In response to the Ministry of Electronics and Information Technology’s (“MeITY”) call for comments on the Personal Data Protection Bill, 2018 (“Bill”), Ikigai Law and Inc42 submitted a consolidated set of comments reflecting the views of certain startups on the proposed law. These comments were published in connection with ‘The Dialogue’[1] – a roundtableRead more