Mumbai, Sept. 11 -- Finance Minister Nirmala Sitharaman said here on Friday said that the rapid development of artificial intelligence has created new challenges for governments, regulators, as well as society.
Speaking at the 'Global Fintech Fest 2026' here on Friday, Sitharaman said that agentic AI systems and AI large language models could potentially influence people without their awareness and could be used by small groups to attack a country's systems or influence public opinion and even change electoral outcomes.
Sitharaman welcomed the RBI's September 10 recognition of the Unified FinTech Forum as a self-regulatory organisation for the fintech sector under the Self-Regulatory Organisation for FinTech Sector (SRO-FT) framework, add...