An RBI panel suggests regulators should be lenient towards initial AI system errors in finance, provided adequate safety measures are in place, to foster innovation. The report emphasizes a framework built on trust, accountability, and transparency. Recommendations include building better data infrastructure and developing indigenous models, with flexible rules and proportionate liability for banks.from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/E8GRhCZ
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