The lower house of the Indian Parliament has passed a bill that will facilitate data storage, processing and transmission standards for Big Tech companies.
According to Bloomberg’s report, the Digital Personal Data Protection Act 2023 was passed in the vote on August 7th. This bill will facilitate data compliance regulations for global tech giants such as Google, Meta and Microsoft, as well as local companies with international expansion goals.
Indian Parliament passes the law regulating large companies’ data collection with artificial intelligence
The law allows companies to export data originating from India to countries banned by the government. Also, as it stands now, Big Tech requires companies to obtain government approval before collecting personal data, preventing them from selling the data for reasons not specified in the contract.
These updates will reduce eligibility requirements for companies, even though the law must pass the upper house. India is an important market for growth as it is the most populous country in the world with billions of internet users.
In the emerging tech industry, concerns about data misuse, especially by Big Tech companies, have been an increasing priority for regulators around the world. The rapid spread of artificial intelligence has raised major concerns about the way these products collect and use user data.
It is noted that India is also collaborating with the administration of US President Joe Biden to establish an international framework for AI. Concerns over data collection include the launch of the decentralized digital authentication protocol Worldcoin. Worldcoin has launched the Orb project, 1,500 iris scanning centers worldwide, and India also hosts two Orbs in cities such as Delhi and Bangalore.
54573
