Sitharaman Warns of AI Risks at Global Fintech Fest, Calls for Balanced Innovation

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Finance Minister Nirmala Sitharaman spoke at the Global Fintech Fest 2026, cautioning about the risks posed by artificial intelligence. She noted that technology has the growing capacity to shape public opinion and influence electoral processes. Sitharaman stressed the importance of pursuing innovation while putting adequate risk mitigation measures in place. On a positive note, the Reserve Bank of India formally recognised the Unified Fintech Forum as a self-regulatory organisation. The minister also highlighted India's young demographic as a key driver of innovation and broader economic growth.

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