India must cut reliance on foreign tech: M2P Fintech
India's growing reliance on foreign technology for its artificial intelligence infrastructure presents a serious vulnerability, especially in times of geopolitical tensions. This dependence extends to large language models and the GPU hardware essential for AI operations. M2P Fintech's co-founder, Madhusudanan R, warns that India must reduce its dependence on foreign tech to avoid becoming a victim of adversaries.
While some local companies are developing AI models, they still rely on US chips and face significant challenges in competing with global AI leaders. The regulatory landscape for AI in fintech is complex, with the Reserve Bank of India closely monitoring innovation while adapting its rules to this rapidly evolving field.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
