Source: The Economic Times

A proposed artificial intelligence law may classify AI systems and apply risk-based, graded regulations, according to an official cited by the Economic Times. The approach may involve minimal regulation for AI systems considered low risk, such as chatbots, productivity tools, and recommendation systems.

High-risk AI applications in sectors including banking, finance, health, and critical infrastructure could be subject to stricter regulatory obligations under the proposed framework. The official referenced the possibility of applying different levels of regulatory attention depending on the risk category of the AI system.