Milan, May 7 -- Union Finance Minister Nirmala Sitharaman emphasized the growing need for universal regulatory mechanisms to keep pace with rapidly evolving technologies such as Artificial Intelligence (AI).

Speaking at the NEXT Milan Forum during a Plenary Session on 'Balancing Economic and Climate Resilience' at Bocconi University, Milan, she highlighted the challenges and opportunities emerging from new tech frontiers.

In a social media post on X, the minister stated that "Artificial Intelligence (AI) is a developing area. The regulatory mechanisms are also evolving. Regulators need to be up to date with them and handle them accordingly," highlighting the importance of timely adaptation to technological shifts.

She further noted tha...