Sam Altman, the CEO of OpenAI, called for global regulation of AI during his visit to India. While corporations typically prefer minimal regulations to promote innovation and freedom, Altman argues that regulated AI landscapes could provide order and predictability for bureaucratic systems.

Altman's perspective suggests that regulation, despite potentially hindering innovation, grants legitimacy and addresses uncertainties. The societal impact of AI necessitates regulation due to its potential for manipulating language, perpetuating bias, and spreading misinformation.

The lack of a universally accepted definition of AI hampers efforts to establish clear regulatory parameters. Additionally, the diverse nature of AI requires tailored regulations for different applications. Achieving international consensus on AI regulation is challenging due to varying regulatory approaches and stances among countries. The EU emphasises individual rights, data privacy, risk mitigation, and innovation promotion, while the US favours a decentralized approach to avoid overregulation.