RBI Governor emphasizes eliminating biases in AI/ML algorithms and adopting global macroeconomic data standards.

RBI Governor Shaktikanta Das emphasizes the need to eliminate biases in algorithms as AI and ML usage increases. He highlights that the RBI closely tracks the developments of new global standards of macroeconomic data, which will help set standards for India. The RBI is also focusing on enhancing AI and ML techniques and using alternative data sources to analyze economic insights.

June 28, 2024
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