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Striking a balance between the benefits and potential risks of generative Artificial intelligence (AI) is essential for its responsible development and deployment. State your opinion on the need for regulating generative AI.

Topic: Awareness in the fields of IT, Space, Computers, robotics, Nano-technology, biotechnology and issues relating to intellectual property rights.

6. Striking a balance between the benefits and potential risks of generative Artificial intelligence (AI) is essential for its responsible development and deployment. State your opinion on the need for regulating generative AI. (250 words)

Difficulty level: Moderate

Reference: The Hindu

Why the question:

The article discusses the question of whether generative Artificial Intelligence (AI) should be regulated.

Key Demand of the question:

To write about generative AI, changes introduced by it and opportunities and threats posed by it and need for its regulation.

Structure of the answer:

Introduction: 

Begin by defining generative AI.

Body:

First, write about the changes introduced by generative AI as chatbot which has brought in new aspects to conversational AI.

Next, write about the advantages it brings in various domains such as – education, journalism, search engines, art etc.

Next, write about the limitations of generative AI and adverse effect it can cause in the existing industry. Write about the need for its regulation for an ethical and effective use of generative AI.

Conclusion:

Conclude by writing a way forward.