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Sam Altman calls for urgent AI regulation at India AI Impact Summit

OpenAI chief Sam Altman calls for urgent regulation of artificial intelligence at the India AI Impact Summit, as global leaders debate safeguards, investments and job impact.

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OpenAI chief Sam Altman has said the world urgently needs to regulate artificial intelligence, warning that unchecked centralisation of the technology could have serious consequences.

Speaking at the AI Impact Summit in New Delhi on Thursday, Altman highlighted both the opportunities and risks associated with rapidly advancing AI systems.

“Centralisation of this technology in one company or country could lead to ruin,” Altman said, adding that regulation and safeguards are urgently required, much like other powerful technologies developed in the past.

Frenzied global demand for generative AI tools has significantly boosted company profits, while also raising concerns over societal disruption, misinformation and environmental impact.

Leaders call for inclusive and responsible AI

Addressing the gathering, Prime Minister Narendra Modi emphasised that AI should serve the broader public good.

“We must democratise AI. It must become a medium for inclusion and empowerment,” he said, noting that humans and intelligent systems are entering a phase of co-creation and collaboration. He urged stakeholders to ensure AI benefits the global community.

UN Secretary-General Antonio Guterres echoed similar sentiments, calling for the creation of a $3 billion global fund to promote open access to AI technologies. He said AI should not be controlled by a limited number of nations or individuals.

French President Emmanuel Macron, who hosted last year’s summit, stressed the need for safe oversight while encouraging innovation. Meanwhile, Google CEO Sundar Pichai and Anthropic CEO Dario Amodei were among the industry leaders who addressed the event.

Microsoft co-founder Bill Gates cancelled his scheduled appearance shortly before the summit began. His foundation said the move was to keep the focus on the summit’s key priorities. Gates has recently expressed regret over past interactions with Jeffrey Epstein, though the mention of a name in related files does not imply wrongdoing.

Big investments and infrastructure push

India is positioning itself as a major AI hub and expects over $200 billion in investments over the next two years. During the summit week, major announcements were made by global technology firms.

OpenAI and Indian IT major Tata Consultancy Services said they will jointly build hyperscale AI data centre capacity in India. Google announced plans to lay subsea cables connected to its broader $15 billion AI infrastructure initiative. Chipmaker Nvidia also revealed partnerships with Indian cloud firms to supply advanced processors for AI data centres.

The rapid expansion of power-intensive AI data centres worldwide has raised environmental concerns, particularly over electricity and water consumption as countries work toward decarbonising energy grids.

Job concerns and India’s ambitions

India rose to third place in a global AI competitiveness ranking compiled by Stanford researchers last year, though experts say it still trails the United States and China significantly.

One key concern remains the potential disruption of jobs, especially in India’s large call centre and technology support sector. However, Reliance Group chairman Mukesh Ambani said AI would generate new high-skilled employment opportunities rather than eliminate work.

World leaders are expected to release a joint statement on Friday outlining their approach to managing the fast-evolving AI landscape.

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Mojtaba Khamenei named Iran’s new supreme leader after death of Ali Khamenei

Iran’s Assembly of Experts has selected Mojtaba Khamenei as the country’s new supreme leader following the death of Ali Khamenei amid escalating regional conflict.

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Mojtaba Khamenei has been appointed the new Supreme Leader of Iran, replacing his father Ali Khamenei, according to state media reports.

The decision was taken by the Assembly of Experts, an 88-member council responsible for selecting the country’s supreme leader. The body said it had chosen Mojtaba Khamenei through a decisive vote, naming him the third leader of the Islamic Republic.

Mojtaba Khamenei, a mid-ranking cleric with strong connections within Iran’s security establishment, had long been seen as a potential successor to his father. His influence within the powerful Revolutionary Guards and networks associated with his father’s office had made him a prominent figure in Iran’s political structure.

His appointment comes amid a sharp escalation in tensions in the region. Ali Khamenei was reportedly killed in strikes carried out during the ongoing conflict involving Iran, the United States and Israel. The situation has led to rising hostilities and military exchanges in recent days.

The role of supreme leader in Iran carries ultimate authority over key state institutions, including the military, judiciary and major political decisions.

The development may further strain relations between Tehran and Washington. Donald Trump recently said the United States should have a say in who leads Iran, a remark likely to draw criticism from Iranian authorities.

Meanwhile, fighting linked to the conflict has continued across the region. Strikes targeting infrastructure in Tehran have caused fires at fuel facilities, sending thick smoke into the sky and raising environmental concerns.

Iranian officials have condemned the attacks as dangerous escalation, while Israeli authorities have defended the strikes, saying the targeted facilities were connected to Iran’s military operations.

As the conflict continues, Iran’s new leadership now faces the challenge of navigating both internal political pressures and rising regional tensions.

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India says it never depended on permission to import Russian oil

India says it continues to import Russian oil based on competitive pricing and national interest, while energy supplies remain stable despite global tensions.

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India on Saturday reiterated that it has never relied on permission from any country to purchase Russian oil, even as the United States recently issued a temporary waiver allowing certain shipments to continue.

The Centre said India’s energy strategy remains focused on securing crude oil at the most competitive prices while maintaining stable supplies despite rising tensions in global shipping routes.

India continues Russian oil imports

According to the government, India continues to import Russian crude and has done so consistently throughout the Russia-Ukraine conflict.

Officials said Russia remains India’s largest crude oil supplier, with imports rising significantly after 2022 due to discounted prices and the demand from domestic refineries.

“India has never depended on permission from any country to buy Russian oil,” the Centre said in a statement, adding that purchases are based on affordability and national interest.

Energy supplies remain secure

The government said India’s energy supply remains stable despite disruptions along the Strait of Hormuz route amid tensions linked to the Iran-US-Israel conflict.

To strengthen energy security, India has expanded its crude oil sourcing network from 27 countries to 40 countries, creating multiple supply options.

The Centre also said the country currently holds more than 250 million barrels of crude oil and petroleum products across its reserves and supply chain. This stockpile provides a buffer equivalent to around seven to eight weeks of consumption.

India’s refining capacity stands at 258 million metric tonnes per annum, which the government said exceeds current domestic demand.

US waiver and global oil market volatility

The United States on Thursday temporarily eased sanctions on Russia to allow oil already loaded on vessels at sea to be sold to India.

Officials in New Delhi said describing the waiver as enabling such purchases overlooks the fact that the trade has continued for years.

“India is a net exporter of refined products to the world — a position that reinforces, not undermines, its energy security,” the Centre said.

Meanwhile, tensions in the Middle East have affected global oil markets. Military actions involving the United States and Israel against Iran, along with retaliatory strikes by Tehran across the Gulf region, have disrupted shipping routes and energy flows.

Global oil prices surged 8.5 per cent on Friday and had climbed nearly 30 per cent over the previous week, following remarks by US President Donald Trump that the conflict would end only with Iran’s “unconditional surrender”.

Earlier in February, Washington removed a 25 per cent tariff on Indian exports under an interim trade agreement. The US administration said the decision followed a commitment by India to halt Russian oil purchases. However, no such commitment appears in the joint statement issued at the time, and the Indian government has not confirmed or denied the claim.

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Trump’s handling of India ties a major mistake, says former Australia PM Tony Abbott

Former Australian prime minister Tony Abbott says Donald Trump’s tariffs and engagement with Pakistan leadership unnecessarily strained relations with India.

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Former Australian prime minister Tony Abbott has said that one of the biggest mistakes made by US President Donald Trump so far has been the way he handled relations with India.

Speaking in an interview with media, Abbott said he does not fully support Trump’s foreign policy approach and highlighted several steps that, in his view, unnecessarily strained ties with New Delhi.

Abbott said these included the imposition of punitive tariffs on Indian goods, claims by Trump that he had mediated tensions between India and Pakistan, and the hosting of Pakistan’s army chief Asim Munir at the White House.

According to Abbott, these actions “gratuitously alienated” India, particularly given New Delhi’s longstanding concerns about terrorism originating from Pakistan.

Tariff dispute and trade deal

Tensions between the United States and India had earlier escalated after Washington imposed 25 per cent reciprocal tariffs on several Indian products. An additional 25 per cent levy was also linked to India’s continued purchases of Russian oil.

However, a trade agreement announced by Trump in February signalled a partial easing of those tensions. Under the arrangement, the US reduced tariffs on several Indian goods.

Trump said the decision followed a commitment from Prime Minister Narendra Modi to halt purchases of oil from Russia while the war in Ukraine continued.

The agreement helped ease months of friction between the two countries over energy purchases, which Washington had argued were helping fund the ongoing conflict.

Trump has also repeatedly referred to his close personal ties with Modi, describing the Indian leader as one of his greatest friends.

Abbott comments on Middle East conflict

Abbott also spoke about the uncertainty surrounding the ongoing conflict involving Iran, Israel and the United States.

He said it was impossible to predict whether the situation would lead to a regime change in Tehran, noting that the current leadership still enjoys support among sections of the Iranian population.

At the same time, Abbott suggested that the weakening of Iran’s nuclear capabilities could significantly limit the country’s ability to project aggression in the future.

He also said the intensity of the conflict could gradually decline.

According to Abbott, Iranian attacks had already reduced compared to earlier phases of the conflict, while Israeli and American strikes had intensified and largely focused on regime facilities rather than civilian infrastructure.

Fresh attacks reported

In the hours following his remarks, Iran launched new missiles and drones targeting Israel and several Gulf countries hosting US military bases.

Explosions were reported inside Israel as air defence systems intercepted incoming projectiles.

Countries including the United Arab Emirates, Kuwait, Qatar, Bahrain and Saudi Arabia also reported attacks.

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