Need Govt approval to build AI based tech?

The government has asked artificial intelligence platforms to seek its permission before launching an AI product in the country. https://www.moneycontrol.com/news/technology/ai-models-must-take-permission-before-launching-to-indian-public-says-government-12388631.html

https://openai.com/index/learning-to-reason-with-llms/

These days, I can't help but keep on thinking about post white collar labour economy and it's implication on our day to day life.... We can keep on dwelling in our wishful cocoon but fact remains that world is going to be vastly different in 4-5 years vis a viz today... In that scenario, let's us discuss some scenario : 1. What will be impact on rental yields of tier 1 cities and consequently what will be overall impact on Indian real estate 2. What would be impact on banking interest rates 3. Where will you park your money in that scenario : Gold, Indian Equity , Big Tech Equity , FD, Real estate or Cash.. My opinion : 1. As high paying jobs for majority of people diminishes, Rental yields of tier 1 cities will come down thereby directly impacting real estate. This will result in huge NPA by those people who have taken loans for 20-30 years period. This will eventually bankrupt real estate developers thereby making real estate deflationary. 2. We will begin to witness overall a deflationary society where cost of services like Education, software, finance etc will drastically reduce. Moreover due to high NPAs, banking interest rate will reduce. Home loans for tenure of 20-30 years will drastically reduce due to increased uncertainty. 3. Gold has historically been inflation proof asset. However will it still be a good asset to invest into in a deflationary society? What are things that will still hold value then? Don't you think current big techs will become East India Company of future indirectly controlling world's economy? I would love to know what do grapevine folks think about the same !

OpenAI CEO, Sam Altman testified against Congress(USA wala) and the end result seems to be there will be global regulations on AI. There might be a transparency law that dictates what Data is used for training. Now I have a few questions: 1. Is it a pro game move by OpenAI to slow down AI Training of smaller companies that are just starting out? 2. Since big tech has back door access to law makers lobby(as we saw in case if right to repair), will they bend the regulations per there liking? 3. Given countries like US and China have supremacy over AI Research, will it curtain AI Development in countries like India? 4. Will Google Bard again cry in trashcan?

- Chinese government officials are rigorously testing AI models to ensure they align with core socialist values, expanding the country's censorship regime. - The Cyberspace Administration of China (CAC) is conducting mandatory reviews of AI models from major tech companies like ByteDance, Alibaba, and start-ups such as Moonshot and 01.AI. - The review process includes batch-testing AI responses to politically sensitive questions and examining training data and safety protocols. - China's stringent approval process has led AI developers to implement extensive censorship measures, including filtering training data and building sensitive keyword databases. - Despite the strict regulations, Chinese officials aim to avoid AI models that completely dodge political topics, setting limits on the number of questions AI can decline during safety tests. Source: Financial Times