TMS Ep453: NASSCOM AI regulation, spam calls, markets, cyclones categories

The genie is out of the bottle now. And it is getting bigger. Since the benefits outweigh the risks, big corporations may not be interested in putting it back. But globally, the chorus for regulating generative artificial intelligence is getting louder by the day. Trade body NASSCOM too recently came out with a set of guidelines for regulating generative AI in India, which is now home to world’s largest population, and is quickly becoming one of the biggest consumer markets for this emerging tech. But, will these regulatory guidelines be enough? 

The debate around generative AI has also thrown up questions around data privacy. With the recent massive hack on the AIIMS servers this question has now assumed an urgency. Tushar Verma sheds light on one of the prevalent misuses of our data. Which is the phenomenon of spamming - the scores of unwanted calls and messages that you get daily. So do financial services providers have a licence to spam? 

Hope efforts being put by the government and the private sector end up decluttering our message boxes. Let us now turn our gaze to another pressing issue the country is facing. The specter of El-Nino. The first 12 days of this monsoon season has seen nearly 60% less than normal rains. So will El-Nino-linked weather conditions push the inflation in food and fuel higher? And will this fear add to woes of the Indian stocks market in the near-term? 

Staying with the topic of weather, cyclone Biparjoy is expected to make a landfall at the Indian coastline in Gujarat on June 15. It has been categorised as a “very severe cyclonic storm". But how are cyclones categorised? Let's understand in this episode of the podcast.