Large cos more likely report matured RAI

New Delhi: Large enterprises (with annual revenue of more than Rs 250 crore) are 2.3 times more likely than startups and 1.5 times more likely than small and medium enterprises (SMEs) to report matured Responsible AI (RAI) practices in India, a Nasscom report said on Tuesday.

Around two-third of businesses in sectors such as BFSI, technology, media, and telecom (TMT) and healthcare reported having either matured RAI practices or having initiated formal steps towards RAI adoption.

“As India gears up to become a global epicentre for AI development and use, these insights will serve as a compass for AI governance and regulations that strike a delicate equilibrium between nurturing innovation and upholding ethical principles,” Nasscom President Debjani Ghosh said.