{
  "id": 6754767,
  "title": "'Double-edged sword': Sitharaman flags AI risks, urges efficiency without fragility",
  "url": "https://urgent.news/2026/09/11/double-edged-sword-sitharaman-flags-ai-risks-urges-efficiency-without",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-11T10:55:12.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/ai-a-double-edged-sword-fm-sitharaman-flags-innovation-risks-urges-efficiency-without-fragility/articleshow/134061412.cms"
  },
  "original_language": "en",
  "account": "Finance Minister Nirmala Sitharaman described artificial intelligence as a \"double-edged sword\" during her speech at the Global Fintech Fest 2026, highlighting both its potential to detect fraud and the risks it poses for perpetrating fraud. She emphasized that innovation should expand efficiency without generating new forms of systemic fragility, cautioning about the potential for technology to manipulate society and electoral outcomes. The minister stressed that while regulation should support innovation, it must also address these risks, proposing \"soft-touch regulation\" that does not stifle progress. Sitharaman welcomed the RBI's recognition of the Unified Fintech Forum as a self-regulatory organization under the SRO-FT framework, underscoring the central bank's responsiveness to the evolving fintech sector. She also highlighted India's young population as a key driver of innovation and economic growth, dismissing concerns about the nation's demographic dividend and citing the country's digital public infrastructure, financial prowess, and advancements in space exploration as evidence of its youthful vigor.",
  "summary": "Finance Minister Nirmala Sitharaman addressed artificial intelligence risks at the Global Fintech Fest 2026. She highlighted technology's potential to influence public opinion and electoral outcomes. The Reserve Bank of India recognized the Unified Fintech Forum as a self-regulatory organization. Sitharaman emphasized balancing innovation with necessary risk mitigation measures. India's young…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}