India's finance minister Nirmala Sitharaman urges AI safeguards in Mumbai
Technology
Nirmala Sitharaman, India's finance minister, is sounding the alarm about unchecked AI.
At the Global Fintech Fest 2026 in Mumbai, she said it's risky to leave society alone to handle AI's threats, especially since tech like this can help with fraud detection but also fuel massive cyberattacks if not regulated.
Her message: we need smart safeguards now.
Sitharaman urges AI oversight, institutional accountability
Sitharaman wants rules that keep us safe without slowing down innovation.
She highlighted things like human oversight and system checks to prevent misuse and made it clear institutions, not just tech teams, should be held accountable for AI decisions.
She also pushed for more scrutiny of high-risk AI applications so systems stay efficient and trustworthy.