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National Technology Day: AI must be implemented in a way that aligns with values, says Numadic cofounder Aprup Shet

11May

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Technology

National Technology Day: AI must be implemented in a way that aligns with values, says Numadic cofounder Aprup Shet

[ad_1] As India celebrates National Technology Day, it is important to recognize the unique position India is in currently. From the sudden rise of electrical vehicles (EV), artificial intelligence (AI), UPI and digital banking usage, 5G rollout to the entry of new-age tech startups, India has all the tools in the right places to tap into a high growth spurt and bolster both the economy and our technological foundation for years to come. And to highlight the tech potential of India, we at HT Tech had a conversation with Aprup Shet, cofounder of Numadic, a vehicular interface platform.Q. 1 How have you seen technology grow in the last year?Technology has been instrumental in driving India's remarkable growth. Key trends include transitioning to clean energy with advancements in solar and...

Smartphone Apps Bury the Case for a Pan-Asian Currency

[ad_1] A new world wide web of payments may be the best way to move money quickly and cheaply across borders. Unrealistic as it was technically, the idea of a pan-Asian currency always had some political support: Since 2005, the Japanese have published the exchange value of something called the Asian Monetary Unit, a precursor to what would one day become the region's equivalent of the euro. The debt crisis in southern Europe — and the threat it posed to the single currency in the early part of the last decade — ended that pipe dream. Now there's a more modest goal: Keep money national, but allow it to jump borders effortlessly. This vision could start becoming a reality in three years and have a far-reaching impact on a continent expected to account for half of the world's consump...

Replacing ‘phone banking’ with ‘digital banking’ helped in promoting growth: PM

[ad_1] PM attributed India's economic growth to the efforts of the BJP govt to replace 'phone banking' with 'digital banking'. Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'. Referring to the previous UPA regime, he said under 'phone banking', instructions were given on phone to banks regarding whom they had to lend to and at what terms and conditions. "The economy of any country is as progressive as its banking system is strong," the Prime Minister said after dedicating 75 Digital Banking Units (DBUs) to the nation via video-conference. Observing that the country has shifted from the pre-2014 'phone banking' system to digital banking in the last ...