5 things about AI you may have missed today: India preparing AI regulations, IBM’s AI acquisition, more
Today, December 19, has turned out to be an important day for artificial intelligence, especially for India. The government has announced that it has commenced the process of formulating regulations on AI to foster development, protection, and innovation in this space. In other news, IBM has revealed its plans to acquire StreamSets and webMethods platforms of Software AG for a total of 2.3 billion dollars in a bid to improve its own AI offerings. This and more in today's AI roundup. Let us take a closer look.
The Indian government has initiated the process of formulating regulations for AI to promote development, protection, and innovation in the field, reported PTI. The Secretary of the Ministry of Electronics and Information Technology (MeitY), S. Krishnan, announced this during an international conference in Kolkata. Additionally, the government is exploring the possibility of a second version of the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) to concentrate on ancillary development within the semiconductor supply ecosystem. Krishnan mentioned that the government is actively working on the AI regulations and is considering global insights in the process.
"The government is already engaged in working on AI data and regulation. There are ongoing discussions within the government about AI data and its regulation," officials said.
IBM plans to buy Software AG's StreamSets and webMethods platforms for 2.3 billion dollars, aiming to strengthen its artificial intelligence and hybrid cloud offerings, as per a report by Fox Business. The acquired platforms form Software AG's Super iPaaS, serving over 1,500 clients globally. StreamSets will enhance data ingestion for IBM's AI platform,
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