New Delhi, Sept. 15 -- Finance Minister Nirmala Sitharaman on Monday highlighted the urgent need for regulations in Artificial Intelligence (AI) to keep pace with the rapid technological advancements, stressing that rules must evolve as fast as innovations.

Addressing the launch of "AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth" and the Frontier Tech Repository organised by NITI Aayog in New Delhi, Sitharaman said AI has emerged as a "rapidly progressing, real-time and dynamic" technology.

"Artificial Intelligence is not static. It is a rapidly progressing, real-time and dynamic. Therefore, all of us will have to be conscious that we don't sit back on the ethics. We need to be clear that regulation has to run the...