India, Aug. 26 -- justify;">Artificial Intelligence is no longer restricted to experimental trials or research labs. Artificial intelligence has become important to global economies, empowering a wide range of applications from financial institution fraud detection to medical diagnosis and government service delivery.

As per the report published by PwC, AI could contribute $15.7 trillion to the global economy by 2030, positioning it as a potentially transformative technology of our age. Yet, as AI systems are getting adopted in various business domains, there are notable concerns about transparency, accountability, and ethics. The opaque nature of algorithms, often referred to as "black boxes," raises questions not only of trust but also...