Developers of risky generative AI models are now free to release them without government approval, but are being encouraged to self-regulate by adding labels to the output of their models warning of their potential unreliability. In a reversal of its previous stance, The Ministry of Electronics and Information Technology (MeitY) issued a fresh advisory on March 15, abandoning a requirement mandating government approval for AI models under development. The updated advisory on AI governance emphasizes the significance of industry self-regulation and proactive measures to tackle emerging challeng…