In a recent statement, Altman emphasized the urgent need for regulations surrounding artificial intelligence. He argues that without proper oversight, the rapid development of AI could lead to unforeseen risks and challenges for society.
New York’s RAISE Act establishes a disclosure-driven framework for regulating powerful AI models, focusing on large developers with significant revenue and computational thresholds. It emphasizes transparency, requiring developers to publicly disclose risk assessments and incident reports while aiming to prevent catastrophic outcomes.
As India hosts the AI Summit 2026, the gap between AI’s capabilities and the existing legal framework is widening, posing significant challenges for citizens and businesses. Without dedicated AI legislation and a national cybersecurity framework, India risks falling behind in establishing accountability and security standards in an increasingly AI-driven world.
