Mukesh Ambani pitches for new regulation on data protection

Billionaire Mukesh Ambani on Monday pitched for the government framing new regulation to protect data and ensure data privacy, saying nations will increasingly compete on digital capital in the coming decades.

Ambani, who has been a votary of data nationalisation, said India has a unique advantage to harness enormous digital capital for Artificial Intelligence (AI) driven development that is “bottom-up and inclusive”.

Speaking at RAISE 2020 summit, Ambani said the time is ripe, and the tools ready to make India a world leader in AI and to make AI work for all Indians.

“We are confident that the government will introduce a sound data regulation framework to protect this national resource and ensure data privacy,” Ambani said.