Forbes India

Forbes India is the Indian version of the well-known Forbes magazine, operated by Network 18, a media group owned by Reliance Industries.

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India Is Metamorphosing From AI Adopter To AI Leader

3 days ago | forbesindia.com | Suveen Sinha

The Telegraph of the UK reported that an AI model from ChatGPT was found disobeying human instructions and refusing to shut down. This prompted Elon Musk to comment: “Concerning.”In March 2023, Musk was one among a thousand or so big names from the tech world who signed an open letter asking for a pause on training of AI systems more powerful than GPT-4.
More Accessible Yet Less Personal: The Two Sides Of Digital Banking

1 week ago | forbesindia.com | Deborah Lynn Blumberg

Next, she combined those figures with data on branch locations, bank balance sheets, uninsured deposits, loans, and other figures to develop a framework that compares the digitized world of 2019 to a counterfactual scenario where banks did not go digital. Koont found that in the digitized banking world, there are, on average, 8% more banks providing services in a given market, even as the average bank closes nearly 6% of its physical branches.
AshishKumar Chauhan On How NSE Became A Model Of Resilience

1 week ago | forbesindia.com | Ashish K. Mishra

Disrupting Economic NormsAs home to the fourth largest capital markets globally, India’s rise reflects the transformative power of its financial ecosystem. The market capitalisation of NSE-listed companies has surged over 120 times in the past three decades since 1994 to about ₹440 lakh crore ($5.15 trillion) as of May 16. Unlike any other nation within the per capita income range of $2,500–$20,000, India has fostered a market size unparalleled in scale and influence.
India Developing Unique AI Regulation Model: Ashwini Vaishnaw

1 week ago | forbesindia.com | Naandika Tripathi

India has adopted “a techno-legal approach” to regulating artificial intelligence (AI) which, according to Ashwini Vaishnaw, minister for electronics and information technology, could provide a model to the world for safe development of the transformational and disruptive technology. This will be different from the purely legal approach being taken in some other countries.
From Markets To Mindsets: The Transformative Power Of Disruptions

1 week ago | forbesindia.com | Rucha Sharma

Talks of disruption are incomplete without exploring the impact of artificial intelligence (AI): Rohan Murty, founder of Workfabric AI, and Dev Khare, partner at Lightspeed India, present two different perspectives. Murty focuses on making AI a co-worker, while Khare encourages startups to look for “jugaad” tailored to India’s complex, unstructured sectors. The Indian startup ecosystem is a fertile ground for disruption, as proven by some of the biggest names that have emerged from this sandbox.
Forbes India 16th Anniversary Special: How To Tame Your Own Disruption

1 week ago | forbesindia.com | Suveen Sinha

In contrast, what we face now is nothing like anything we have faced before because of its—ahem!—unconventional nature. The speed of change leaves us in a daze, until the next big change, which can come… well, we don’t really know when, do we? What we can control, though, is our attitude. “Never waste a good crisis” is a quote usually attributed to—as so many juicy ones are—Winston Churchill.
How India Is Reshaping Global Trade With Early Tariff Talks With The US And FTA With The UK

2 weeks ago | forbesindia.com | Nasrin Sultana

Also, India’s export growth picked up in April despite the initial imposition of Trump’s 10 percent tariffs, while import growth remained strong, driven by both oil and core categories. India’s trade deficit rose to a five-month high of $26.4 billion in April from $21.5 billion in the previous month. This was driven by a sequential increase in imports even as exports moderated after the ramp up seen in March.
The World Is Looking At India To Provide A New AI Regulation Model: Union Minister Ashwini Vaishnaw

2 weeks ago | forbesindia.com | Naandika Tripathi

The fourth part of the initiative focuses on talent development through large programmes at multiple levels. We are working on data annotation, AI app development and real research into AI, primarily with industry and academic institutions. The fifth and equally important pillar is developing apps that can be used to solve our problems.
Working AI: May Habib's Writer Sells A New Way Of Doing Things

2 weeks ago | forbesindia.com | Rashi Shrivastava |Katharine Schwab

Such savings have spiked Writer’s net retention rate to a stunning 160 percent, indicating that customers end up expanding their contracts by 60 percent on average. Habib says 20 customers started with contracts between $200,000 and $300,000, quickly found new ways to use Writer’s tools and are now spending about $1 million each. A pitch deck from last fall shows it brought in $9.3 million in revenue in 2023 and was forecasting $28 million in revenue for 2024.
Meet Justin Sun, The Crypto OG Industry Ideologues Love To Hate

2 weeks ago | forbesindia.com | Steven Ehrlich |Nina Bambysheva

In late November, just three weeks after Trump’s election, Sun plunked down the $30 million ostensibly needed to cover operating expenses. “I see WLF as a strong player in the financial technology space,” Sun says, unconvincingly. He’s more eloquent when discussing the idea of Trump as a one-man “cheat code” for crypto, “and then your development will be so much better than before.”That $30 million ignited a buying frenzy that primarily benefits the Trump family.