Bizdata Insights Main Logo

BizData Insights

Govt Crafting Flexible AI Law to Encourage Innovation

Industry: ICT Sector, Tecnology

The government is in the process of formulating an artificial intelligence (AI) law that aims to strike a balance between fostering innovation and mitigating potential harm caused by unchecked use of such technologies, according to top government policymakers.

Speaking at a meeting organized by the ICT Division at the Bangladesh Telecommunication Regulatory Commission (BTRC), the Law Minister emphasized the need for flexibility in the AI law to adapt to the evolving landscape of AI technology. He highlighted the importance of thorough discussions with stakeholders in drafting the law, ensuring that it addresses concerns while promoting innovation.

The State Minister for ICT underscored the government’s decision to formulate the AI act, considering both its risks and potential benefits. He emphasized the key considerations of regulation, innovation, expansion, and coordination in crafting the law, emphasizing the need for a cohesive approach to legislative efforts.

Source for more details:

Related News

eGeneration Wins Cyble’s Cybersecurity Award

May 28, 2024

eGeneration PLC, a leading system integration company known for its commitment to digital security, has been recognized by Cyble, a global leader in digital risk profiling and threat intelligence.

ADN Technologies Brings Microsoft AI Cloud in Bangladesh

May 25, 2024

ADN Technologies and Microsoft Bangladesh recently co-hosted an event featuring a product demonstration, attended by key participants such as the CEO of ADN Technologies, and the country managing director of Microsoft Bangladesh, Bhutan, and Nepal, along with other senior officials.

 

CdNet Receives USTDA Grant for Submarine Cable Feasibility Study

May 23, 2024

The US Trade and Development Agency (USTDA) has awarded a feasibility study grant to CdNet Communications Ltd (CdNet), a Bangladeshi telecom company, for the development of the Bangladesh International Submarine Cable (Bagha-1). This project aims to expand reliable internet connectivity throughout Bangladesh.

NBR to Slash Laptop Import Duties to 21%

May 23, 2024

The government of Bangladesh plans to reduce duties on imported laptops in the next fiscal year to make these devices more affordable for freelancers and students. This move aims to enhance freelancing activities and support the software manufacturing industry.

Ulka Games Deposits Tk 50.76 Crore Tax Arrears After Legal Proceedings

May 21, 2024

Ulka Games Limited has deposited Tk 50.76 crore in tax arrears from its BRAC Bank account, covering the tax years 2020-2021 and 2021-2022, to the government treasury after a month-long legal process. Initially delayed due to an ownership dispute among Ulka Games' owners, the High Court issued a stay order on May 1, which was lifted after legal procedures were completed, allowing the National Board of Revenue

eGeneration and BdAIO Team Up to Drive AI Innovation

May 20, 2024

Related News

eGeneration Wins Cyble’s Cybersecurity Award

May 28, 2024

eGeneration PLC, a leading system integration company known for its commitment to digital security, has been recognized by Cyble, a global leader in digital risk profiling and threat intelligence.

ADN Technologies Brings Microsoft AI Cloud in Bangladesh

May 25, 2024

ADN Technologies and Microsoft Bangladesh recently co-hosted an event featuring a product demonstration, attended by key participants such as the CEO of ADN Technologies, and the country managing director of Microsoft Bangladesh, Bhutan, and Nepal, along with other senior officials.

 

CdNet Receives USTDA Grant for Submarine Cable Feasibility Study

May 23, 2024

The US Trade and Development Agency (USTDA) has awarded a feasibility study grant to CdNet Communications Ltd (CdNet), a Bangladeshi telecom company, for the development of the Bangladesh International Submarine Cable (Bagha-1). This project aims to expand reliable internet connectivity throughout Bangladesh.

NBR to Slash Laptop Import Duties to 21%

May 23, 2024

The government of Bangladesh plans to reduce duties on imported laptops in the next fiscal year to make these devices more affordable for freelancers and students. This move aims to enhance freelancing activities and support the software manufacturing industry.

Ulka Games Deposits Tk 50.76 Crore Tax Arrears After Legal Proceedings

May 21, 2024

Ulka Games Limited has deposited Tk 50.76 crore in tax arrears from its BRAC Bank account, covering the tax years 2020-2021 and 2021-2022, to the government treasury after a month-long legal process. Initially delayed due to an ownership dispute among Ulka Games' owners, the High Court issued a stay order on May 1, which was lifted after legal procedures were completed, allowing the National Board of Revenue

eGeneration and BdAIO Team Up to Drive AI Innovation

May 20, 2024

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here