Mint Primer: Can we monitor AI judgments in the grave new world?
After a current update and the conversion of forms to high-security ones is finished in a few months, MCA will launch its new AI-powered compliance system on its MCA21 site.
With the use of artificial intelligence (AI) and machine learning (ML) techniques, the ministry of corporate affairs (MCA) is automating its compliance system. But it will be up to (human) bureaucrats to decide on things like notifying corporations of choices. Using a mixed strategy, Mint explains:
What does MCA need, and why?
After a current update and the conversion of forms to high-security ones is finished in a few months, MCA's new AI-powered compliance system will be implemented on its MCA21 site, according to Mint, which cited an anonymous official. The system will compile a list of wayward businesses, but only a designated authority will make a decision on this matter. The goal is to use AI in a "human-centric" manner while giving non-compliant businesses a chance to reply before being notified. The strategy is comparable to regulators asking for public comment on proposed legislation before they are passed.
What is novel about this strategy?
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