<p>A mobile store owner from Maharashtra's Thane district who lost Rs 36 lakh (US$43,953)&nbsp;in a cryptocurrency fraud more than a year ago has recovered all of his money after the police solved the case and found that&nbsp;a Chinese national was responsible for the wrongdoing.</p>

<p>The investigation in the case was conducted by the Mira Bhayandar-Vasai Virar (MBVV) police commissionerate's cyber cell, reported PTI.</p>

<p>As per&nbsp;Sujitkumar Gunjkar, senior inspector of the MBVV cyber cell, the victim was lured&nbsp;into cryptocurrency trading in February 2022 after he joined a WhatsApp group for cryptocurrency dealers.</p>

<p>The group administrator, a woman, contacted him and sought investment&nbsp;in a cryptocurrency that promised lucrative returns.</p>

<p>“Falling prey to the tactics, the victim invested the money through a mobile app and bought cryptocurrency worth $39,596,” Gunjkar&nbsp;told PTI.&nbsp;</p>

<p>The WhatsApp group was shut down in May of last year, and the official said that despite several attempts, he was unable to get in touch with the group administrator.&nbsp;</p>

<p>“The victim then realised that he has been cheated. After that, he approached the cyber police and lodged a complaint. A probe was launched and worked on various leads. During the process, the police came across OKX, a Seychelles-registered cryptocurrency exchange,” Gunjkar said.&nbsp;</p>

<p><strong>Also read |</strong>&nbsp;<a href="https://www.wionews.com/business-economy/us-sec-goes-after-coinbase-just-one-day-after-suing-binance-601474">US SEC goes after crypto exchange Coinbase, just one day after suing Binance</a></p>

<h2><strong>How did the cops solve the case?</strong></h2>

<p>The cops discovered a suspicious bitcoin wallet while conducting their investigation. The wallet belonged to a Chinese citizen, the police learned after speaking with OKX, the senior inspector added. A cryptocurrency wallet, which can be hardware or software and come in many forms and sizes, allows users to store and access digital money.</p>

<p>A case under the Indian Penal Code (IPC) sections 420 (cheating) and 34 (common intention) was redistered at the Kashimira police station as a&nbsp;result of the complaint and inquiry, the officer said. After gathering information about the offence and its implications, the cyber cell went to the local court. They informed the court that the victim's money was in the Chinese national's wallet and that the victim had been contacted by Hong Kong-based numbers, he said.</p>

<p><strong>Also watch |&nbsp;US regulators crackdown on cryptocurrency exchanges</strong></p>

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<p>The court directed that the Rs 36 lakh (US$43,953)&nbsp;in cryptocurrencies be restored to the complainant after reviewing the arguments presented by the cyber cell. The money was thus found and returned to the victim a few days ago.</p>

<p><em>(With inputs from agencies)</em><br />
<br />
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A mobile store owner from Maharashtra's Thane district who lost Rs 36 lakh (US$43,953) in a cryptocurrency fraud more than a year ago has recovered all of his money after the police solved the case and found that a Chinese national was responsible for the wrongdoing.

A mobile store owner from Maharashtra's Thane district who lost Rs 36 lakh (US$43,953) in a cryptocurrency fraud more than a year ago has recovered all of his money after the police solved the case and found that a Chinese national was responsible for the wrongdoing. The investigation in the case was conducted by the Mira Bhayandar-Vasai Virar (MBVV) police commissionerate's cyber cell, reported PTI. As per Sujitkumar Gunjkar, senior inspector of the MBVV cyber cell, the victim was lured into cryptocurrency trading in February 2022 after he joined a WhatsApp group for cryptocurrency dealers. The group administrator, a woman, contacted him and sought investment in a cryptocurrency that promised lucrative returns. “Falling prey to the tactics, the victim invested the money through a mobile app and bought cryptocurrency worth $39,596,” Gunjkar told PTI. The WhatsApp group was shut down in May of last year, and the official said that despite several attempts, he was unable to get in touch with the group administrator. “The victim then realised that he has been cheated. After that, he approached the cyber police and lodged a complaint. A probe was launched and worked on various leads. During the process, the police came across OKX, a Seychelles-registered cryptocurrency exchange,” Gunjkar said. Also read | US SEC goes after crypto exchange Coinbase, just one day after suing Binance How did the cops solve the case? The cops discovered a suspicious bitcoin wallet while conducting their investigation. The wallet belonged to a Chinese citizen, the police learned after speaking with OKX, the senior inspector added. A cryptocurrency wallet, which can be hardware or software and come in many forms and sizes, allows users to store and access digital money. A case under the Indian Penal Code (IPC) sections 420 (cheating) and 34 (common intention) was redistered at the Kashimira police station as a result of the complaint and inquiry, the officer said. After gathering information about the offence and its implications, the cyber cell went to the local court. They informed the court that the victim's money was in the Chinese national's wallet and that the victim had been contacted by Hong Kong-based numbers, he said. Also watch | US regulators crackdown on cryptocurrency exchanges The court directed that the Rs 36 lakh (US$43,953) in cryptocurrencies be restored to the complainant after reviewing the arguments presented by the cyber cell. The money was thus found and returned to the victim a few days ago. (With inputs from agencies) WATCH WION LIVE HERE:

Case cracked: Man gets back $43K (Rs 36 lakh) lost in crypto fraud. Here’s how

Pakistan's election commission will now be able to announce poll dates unilaterally without having to consult the president. The announcement comes after a bill seeking amendments to the elections act 2017 was passed by the Senate. Senate's chairman presented the bill for voting before the House, and it was passed with a majority. State minister shahadat awan introduced the elections bill 2023. This is despite protests from the opposition senators of Pakistan tehreek-e-insaf and jamaat-I-islami.

PAKISTAN Senate approves bill allowing ECP to unilaterally announce election dates

While LGBTQ petitioners in their pleas in the Supreme Court are demanding equal rights and a life with dignity with the partner of their choice, what same-sex marriage would mean for India’s deeply religious and conservative society? Vikram Chandra finds out from Mario Da Pehna one of the petitioners in the case and BJP leader and Rajya Sabha MP, Swapan Dasgupta.

Is India ready for same-sex marriage?

A UFO was recently spotted in China, but unfortunately, the futuristic vehicle won't take you to another planet. Here's more.

World's first manned flying saucer | Tech It Out

Watch this story to see what all gadgets and technologies dominated VivaTech 2023, one of Europe's biggest tech and startup events.

The future of travel | Tech It Out

India and US are likely to sign some very crucial defence deals during Prime Minister Narendra Modi’s visit to the United States which begins next week, according to reports. What are these deals and how will they strengthen India-US bilateral ties and consolidate India’s position in the Indo-Pacific region? Watch Vikram Chandra in conversation with Meera Shankar, Former Ambassador to the United States, and Trisha Ray, Deputy Director, Centre for Security, Strategy, and Technology, ORF.

'India-US fighter jet pact will be crucial'

India and US are likely to sign some very crucial defence deals during Prime Minister Narendra Modi’s visit to the United States which begins next week, according to reports. What are these deals and how will they strengthen India-US bilateral ties and consolidate India’s position in the Indo-Pacific region? Watch Vikram Chandra in conversation with Meera Shankar, Former Ambassador to the United States, and Trisha Ray, Deputy Director, Centre for Security, Strategy and Technology, ORF

PM Modi’s US visit: What’s on the agenda?

What do LGBTQ+ petitioners expect?

The cyclonic storm Biparjoy has now weakened into a deep depression from a very severe to a severe category storm. It left a trail of destruction behind it in India while it passed through Pakistan's Sindh without causing much damage after. It made landfall on Thursday evening in the Indian state of Gujarat. While no casualties have been reported 23 people were injured in the state of Gujarat.

Cyclone Biparjoy weakens into deep depression

Violence & arson have resurfaced in the Indian state of Manipur. In the latest incident, which took place on Thursday night, the residence of RK Ranjan, who is the union minister of state for external affairs, was torched by a mob. However, the minister was in Kerala on official work during the incident. This may not be the only instance of a house being set on fire by a violent mob on Thursday. Reports say, at least two abandoned houses were torched on Thursday afternoon. This marks a second major wave of violence in Manipur, after initial large-scale clashes erupted in the first week of may. A day before the union minister's house was torched, Manipur minister Nemcha kip-gen's official quarters in Imphal went up in flames.

Manipur violence & arson continue, union minister RK Ranjan's house set ablaze by protester

In the last three years, India has seen a rapid increase in private space firms and startups. They've launched rockets, they've placed their satellites in orbit, and much more. To further enhance India's space industry the government is now working on permitting foreign direct investment. For more on this, our correspondent Siddharth MP caught up with Dr Pawan Goenka who heads the In-SPACe, the Regulatory Body of the Indian space sector.

'India's space industry set to soar higher' | Interview with Dr Pawan Goenka

<p>The upcoming Amarnath Yatra,&nbsp;one of&nbsp;the most revered pilgrimage circuits among Hindus, will ban more than 40 food items, and pilgrims have been recommended to get physically fit by walking at least five&nbsp;km every day, according to a health advisory released on Thursday by the Shri Amarnath Shrine Board, reported PTI.&nbsp;</p>

<p>The trip&nbsp;to the 3,880-metre-high holy cave in the South Kashmir Himalayas is set to begin on July 1 from the dual routes — the traditional 48-kilometre Nunwan-Pahalgam route in Anantnag district and the 14 km shorter but steeper Baltal route in Ganderbal district.</p>

<p>The Shri Amarnath Shrine Board (SASB) advisory states that among other fried and fast food items, heavy pulao&nbsp;(rice flavoured with spices and vegetables), fried rice, puri (deep-fried flatbread), pizza, burgers, stuffed paranthas (stuffed flatbread), and dosas (thin rice pancake)&nbsp;are prohibited. Additionally, cream-based foods, pickles, chutneys, fritters, and chowmein are also prohibited. The board has suggested nutritious options, including cereals, pulses, green vegetables, salad, and a few rice dishes while keeping in mind the devotees' overall health.</p>

<p>Amarnath Cave is one of the holiest Hindu pilgrimage places. It is one of Lord Shiva's holiest shrines&nbsp;located in Jammu and Kashmir at a height of 3,888 metres. The Shri AmarnathJi Shrine Board organises the Amarnath Yatra, which attracts lakhs of pilgrims each year. Amarnath Cave, which was created when ice from the cave's roof melted and fell to the ground, is home to a Shivling that pilgrims from all over the nation come to witness in order to receive blessings from Lord Shiva, as per the Tourism of India website.&nbsp;</p>

<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/trending/with-yogic-sleep-indian-16-year-old-dances-for-127-hours-in-new-world-record-605090">With help of yogic sleep, Indian 16-year-old dances for 127 hours in new world record</a></p>

<h2><strong>Significance of the Amarnath trip</strong></h2>

<p>The Amarnath Cave is said to be where God Shiva told Goddess Parvati the Amar Katha when he was trying to keep it a secret. He, therefore, abandoned all of his friends. The bull he rode, Nandi, was left in Pahalgam, along with the moon atop his head at Chandanwari, the serpent around his neck at Lake Sheshnag, the five items he brought with him that were essential to existence, at Panchtarini, and even his son, Lord Ganesha, at Mahaguna Top, as per Easemytrip.com</p>

<p>If you're planning to go on the Amarnath Yatra, you need&nbsp;to&nbsp;finish all the requirements. Registration for the Amarnath Yatra is essential.&nbsp;In order to do so, the following conditions need to be met, as stated by Easemytrip.com.&nbsp;</p>

<p>- All pilgrims and tourists who wish to use helicopter services during the Amarnath Yatra must first obtain a medical fitness certificate from a physician approved by the SASB (Amarnath Shrine Board), attesting to their physical preparedness for the arduous journey.</p>

<p>- Other important documents you need to bring on the yatra include your driver's licence, passport, and voter ID.</p>

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The upcoming Amarnath Yatra, one of the most revered pilgrimage circuits among Hindus, will ban more than 40 food items, and pilgrims have been recommended to get physically fit by walking at least five km every day, according to a health advisory released on Thursday by the Shri Amarnath Shrine Board, reported PTI.

The upcoming Amarnath Yatra, one of the most revered pilgrimage circuits among Hindus, will ban more than 40 food items, and pilgrims have been recommended to get physically fit by walking at least five km every day, according to a health advisory released on Thursday by the Shri Amarnath Shrine Board, reported PTI. The trip to the 3,880-metre-high holy cave in the South Kashmir Himalayas is set to begin on July 1 from the dual routes — the traditional 48-kilometre Nunwan-Pahalgam route in Anantnag district and the 14 km shorter but steeper Baltal route in Ganderbal district. The Shri Amarnath Shrine Board (SASB) advisory states that among other fried and fast food items, heavy pulao (rice flavoured with spices and vegetables), fried rice, puri (deep-fried flatbread), pizza, burgers, stuffed paranthas (stuffed flatbread), and dosas (thin rice pancake) are prohibited. Additionally, cream-based foods, pickles, chutneys, fritters, and chowmein are also prohibited. The board has suggested nutritious options, including cereals, pulses, green vegetables, salad, and a few rice dishes while keeping in mind the devotees' overall health. Amarnath Cave is one of the holiest Hindu pilgrimage places. It is one of Lord Shiva's holiest shrines located in Jammu and Kashmir at a height of 3,888 metres. The Shri AmarnathJi Shrine Board organises the Amarnath Yatra, which attracts lakhs of pilgrims each year. Amarnath Cave, which was created when ice from the cave's roof melted and fell to the ground, is home to a Shivling that pilgrims from all over the nation come to witness in order to receive blessings from Lord Shiva, as per the Tourism of India website. Also read | With help of yogic sleep, Indian 16-year-old dances for 127 hours in new world record Significance of the Amarnath trip The Amarnath Cave is said to be where God Shiva told Goddess Parvati the Amar Katha when he was trying to keep it a secret. He, therefore, abandoned all of his friends. The bull he rode, Nandi, was left in Pahalgam, along with the moon atop his head at Chandanwari, the serpent around his neck at Lake Sheshnag, the five items he brought with him that were essential to existence, at Panchtarini, and even his son, Lord Ganesha, at Mahaguna Top, as per Easemytrip.com If you're planning to go on the Amarnath Yatra, you need to finish all the requirements. Registration for the Amarnath Yatra is essential. In order to do so, the following conditions need to be met, as stated by Easemytrip.com. - All pilgrims and tourists who wish to use helicopter services during the Amarnath Yatra must first obtain a medical fitness certificate from a physician approved by the SASB (Amarnath Shrine Board), attesting to their physical preparedness for the arduous journey. - Other important documents you need to bring on the yatra include your driver's licence, passport, and voter ID. WATCH WION LIVE HERE:

India: No pizza, burgers, samosas for Amarnath pilgrims under new food advisory

The debates around the enactment & implementation of a Uniform Civil Code often flare up. The Uniform Civil Code (UCC) calls for the formulation of one civil law for India. The laws would apply to all religious communities. The Law Commission of India is seeking suggestions from public & religious organisations.

India's Law Commission seeks fresh suggestions on Uniform Civil Code

Cyclone Biparjoy has left a trail of complete devastation. More than 5120 electric poles have sustained serious damage, which resulted in over 4600 villages losing power in the last 24 hours. But the administration that has been on its toes & has managed to restore power in as many as 3580 villages. But still, there are 1000 villages in Gujarat that are without any access to power. More than 100 trains have been cancelled. But as the Cyclone turns into a depression, has India weathered the storm? Mohammed Saleh gets you the details.

Gravitas: Cyclone Biparjoy sweeps over Gujarat | Has India weathered the storm?

Indian Prime Minister Narendra Modi is all set to make his first state visit to Washington in nine years next week. The trip comes as the United States and India increase cooperation in critical emerging technologies. Matt Dibble has the story for Voice of America.

WION-VOA Co-Production: Indian PM Modi to begin US tour on June 21

Cyclone Biparjoy made landfall in Gujarat at Jakhau Port in the Kutch area on June 15, hitting the state with winds of around 115 kmph and leaving a trail of destruction as it continues its touchdown process over Pakistan and Rajasthan.

Cyclone Biparjoy batters Gujarat coast, storm to reach southern Rajasthan | World DNA

In a major boost for India's military infrastructure, the government has reportedly approved the purchase of US long range drones - the MQ-9 Reaper. According to the reports, this followed a Defence Council meeting headed by India's Defence Minister Rajnath Singh.

India-US Armed Drones deal sealed, India to buy 31 drones from America | World News | WION

Cyclone Biparjoy has now weakened. Biparjoy has reduced from 'very severe' category to 'severe' after the storm made landfall in coastal areas of Gujarat on Thursday.

Cyclonic storm Biparjoy weakens into deep depression

The Nepal release of the Indian mythological Epic film Adipurush remains uncertain. The film's release has been stalled amid protests the morning shows of Adipurush have been canceled in Kathmandu. This comes after the city's mayor Balen Shah raised an objection to one dialogue in the film taking to social media. Watch this report to know more.

'Adipurush' sparks new controversy in Nepal

A mob stormed and set Indian Union Minister of State for External Affairs RK Ranjan's home on fire in Imphal, Manipur on Thursday night. The union minister and his family were not present in the house when the incident took place.

Indian Union Minister RK Ranjan's home set on fire in Manipur

Five terrorists have been killed in an encounter in Kashmir today. The operation was carried out jointly by the Indian army and the Kashmir police. It took place in the Juma Gund area of Kashmir Kupwara District the operation was based on intelligence from the Kupwara police.

India: Five terrorists killed in Kashmir

Following a series of discussions, the G20's Woman 20 engagement group released a communique that included a collection of suggestions for promoting women-led development. To learn more about this, watch G20 Sherpa Amitabh Kant in an exclusive conversation with WION.

'Women empowerment a key priority for India's G20 Presidency', says G20 Sherpa Amitabh Kant

At least 2 dead & over 20 injured as cyclone Biparjoy strikes Gujarat, heavy rain alert for southern Rajasthan.

Cyclone Biparjoy makes landfall in India | WION Climate Tracker

<p dir="ltr">Alan Turing, a pioneer in computing, predicted in 1950 that computers would successfully simulate human intellect within a few decades, an achievement known as passing the Turing Test. Hop-skip to 2022, when a Google&nbsp;software engineer said his interactions with the company’s AI-powered chatbot had convinced him that it had become “sentient.” Then came ChatGPT,&nbsp;an artificial intelligence chatbot developed by OpenAI that very year, which according to analysis by data firm Similarweb reached 100 million users just two months after being launched.&nbsp;Whichever way we cut it,&nbsp;artificial intelligence (AI) has once again become the hottest buzzword in the tech world.&nbsp;</p>

<h2><strong>Can explosion of data be the reason behind AI’s latest buzz?</strong></h2>

<p>Data is multiplying at an unprecedented rate. We double the world's data every two years at the current rate at which humanity is producing it, and this rate is anticipated to only accelerate going forward. A Forbes report says that data will double every 12 hours by 2025, which means that between the time we wake up and&nbsp;go to sleep, humanity will either be twice as smart or half as smart.</p>

<p>“AI has been around for the last 40 years, but the latest buzz around it can be attributed to the algorithms invented in 2012,” Dr Srinivas Padmanabhuni, Co-founder and Chief Technology Officer, testAIng.com, an Indian AI startup which performs security testing, ethics testing and bug finding for <a href="https://www.wionews.com/world/can-artificial-intelligence-become-a-deterrent-to-photojournalists-anmestys-ai-generated-images-draw-flak-588401">AI</a> models told WION.&nbsp;</p>

<p>Dr Padmanabhuni says the newer algorithms have been able to work on all kinds of data including text, image and audio, in addition to conventional data which was purely mathematical and in tabular formats.&nbsp;</p>

<p>“With the advent of the newer version of AI, also known as Deep Learning, we can see an expansion of data to images, text and audio. The moment that happened, the application of AI suddenly exploded. Because of the expansion of the ability of analysis to image, text and audio, we’re seeing this new found interest in AI application,” explains Dr Padmanabhuni.&nbsp;</p>

<h2><strong>AI in Indian academia&nbsp;</strong></h2>

<p>Author Rajiv Malhotra in his book, <em>Artificial Intelligence and the Future of Power,&nbsp;</em>explains how China's ascent to dominance in the 21st&nbsp;century must be contrasted with Britain's rise to power in the 1800s. China wants to overtake the world through an AI revolution, much as how Britain did during the Industrial revolution.</p>

<p>Dr Balaraman Ravindran, Head, Robert Bosch Centre for Data Science &amp; Artificial Intelligence (RBCDSAI) at IIT Madras, explains the two criteria used to gauge success in the realm of AI in India. First, in terms of academic research and innovation, and second, in terms of the quantity and performance of AI startups in the country.&nbsp;</p>

<p><iframe aria-label="Grouped Bars" data-external="1" frameborder="0" height="749" id="datawrapper-chart-af6Zu" scrolling="no" src="https://datawrapper.dwcdn.net/af6Zu/1/" style="border: none;" title="AI investment puffs up in India" width="600"></iframe></p>

<p>“With regards to AI research, India is still middling. We are not among the top few countries in the world in terms of research output. Even though&nbsp;publicly reported stats from different&nbsp;sources would say otherwise,&nbsp;these figures should be critically examined,” Dr Ravindran&nbsp;told WION.&nbsp;</p>

<p>"Only a small number of Indian AI researchers are well-known outside of India, according to the number of people who cite their work. Despite this, the AI community as a whole has grown tremendously in the past few years," he adds.</p>

<p>As per statistics from the International Data Corporation (IDC), China is expected to more than double its investment in AI to nearly $27 billion by 2026.</p>

<p>“China recognised a while back that the&nbsp;impact was coming from top-notch AI conferences and started incentivising people to publish in these conferences,” explains Dr Ravindran.&nbsp;</p>

<p>China’s state-funded AI research is also growing steadily.</p>

<p>“China is giving significant incentives to companies to spend on fundamental research. The scale is unimaginably large in China,” he adds.</p>

<p>A total of 48.6 billion real-time transactions were made in India in 2021, more than three times as many as its closest rival, China ($18 billion), and nearly seven times as many as the combined real-time payments volume of the world's top five economies—the US, Canada, the UK, France, and Germany ($7.5 billion transactions).</p>

<p>India is uniquely positioned with a great digital ecosystem in place. Additionally, India released an <a href="https://niti.gov.in/sites/default/files/2019-01/NationalStrategy-for-AI-Discussion-Paper.pdf">AI strategy document</a> in 2018 that most countries don’t have.&nbsp;</p>

<p>Despite this, Dr Ravindran explains, the gap between the private and public sector is growing with the former taking lead, as they are not waiting for the government to release data. They are collecting the required data themselves.</p>

<h2><strong>Is India more AI positive, what does it mean for its growth?</strong></h2>

<p>When it comes to trusting artificial intelligence, India tops the list of countries. According to a&nbsp;<a data-auth="NotApplicable" data-safelink="true" href="https://assets.kpmg.com/content/dam/kpmg/au/pdf/2021/trust-in-ai-multiple-countries.pdf" rel="noopener noreferrer" target="_blank">KPMG survey</a>, developing countries like India, Brazil, China, and South Africa are more accepting of AI, with India having a 75 per cent acceptance rate.&nbsp;</p>

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<p>The study says more than half of the respondents from these countries expressed strong trust and acceptance of artificial intelligence technologies.</p>

<p>Additionally, it demonstrated the increased use of AI in emerging markets, particularly in the BRICS countries. However, when it came to the use of artificial intelligence in the workplace, China came on the top with 75 per cent, followed by India at 66 per cent and Brazil at 50 per cent.</p>

<p>With the&nbsp;inception of AI, experts have stressed on the importance of it in key professional fields, such as ed-tech and e-commerce.&nbsp;</p>

<p>Many ed-tech companies have developed new ways to tailor education for Indian students, but AI continues to be the most efficient approach, as its key impact in the Indian education space&nbsp;is going to be in personalised and adaptive,&nbsp;as per Devesh Mishra, Chief Technology Officer, Physicswallah, an Indian educational technology startup that became a unicorn in June 2022 after raising a $100 million at a valuation of $1.1 billion, who spoke to WION.</p>

<p>Mishra emphasised that a student-teacher&nbsp;relationship cannot be replaced by artificial intelligence, since, as he believes, "online and offline education go hand-in-hand."</p>

<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/science/ai-to-defeat-cancer-doctors-create-ai-tool-that-can-detect-disease-587653">AI to defeat cancer? Doctors create AI tool that can detect disease</a></p>

<p>Aside from the education sector, trade and commerce is another significant area where India anticipates AI to show promise.</p>

<p>The India Brand Equity Foundation predicts that by 2025, the country's e-commerce market will be worth $111.40 billion.&nbsp;</p>

<p>Therefore, a strong AI response or data accumulation strategy is necessary for smooth customer relations.&nbsp;</p>

<p>According to N Sekar, Chief Technology Officer, Quinbay, an e-commerce AI startup, artificial intelligence&nbsp;is required to create a more customised user experience, collect&nbsp;customer behaviour data and trends,&nbsp;which will ultimately increase productivity.</p>

<p><strong>ALSO WATCH |&nbsp;Scientists can now use AI to convert brain scans into words</strong></p>

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<p>Sekar emphasised the decline in fraudulent activities as well, noting that several e-commerce platforms are using this data to reduce such occurrences.&nbsp;</p>

<p>“By analysing the behaviour or data of fraudulent sellers and customers (example receiving a stone instead of a phone) platforms can take action on such people. All that is decreased because of the extensive use of AI or machine learning capabilities,” Sekar told WION</p>

<h2><strong>Can AI take away our jobs?</strong></h2>

<p>As per a&nbsp;<a data-auth="NotApplicable" data-safelink="true" href="https://www.weforum.org/agenda/2020/10/dont-fear-ai-it-will-lead-to-long-term-job-growth/" rel="noopener noreferrer" target="_blank">World Economic Forum (WEF) report</a>, automation and artificial intelligence (AI) will result in the creation of 97 million new jobs by 2025. In the meantime, Chatbots are all the rage, and there is growing concern that an AI capable of responding to cues and&nbsp;questions&nbsp;in a manner that is remarkably human and in a short amount of time would be bad for the job market as a whole.&nbsp;</p>

<p>Dr Padmanabhuni thinks reinvention is the key. “We are living in an era where technology is changing every five years. So, we need to relearn in order to stay relevant. It is not a matter of job displacement, but a matter of reorientation.”</p>

<p dir="ltr">Additionally, Dr Ravindran thinks&nbsp;AI is very much a productivity tool and it cannot replace humans at this point.&nbsp;</p>

<p>&nbsp;</p>

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Alan Turing, a pioneer in computing, predicted in 1950 that computers would successfully simulate human intellect within a few decades, an achievement known as passing the Turing Test.

Alan Turing, a pioneer in computing, predicted in 1950 that computers would successfully simulate human intellect within a few decades, an achievement known as passing the Turing Test. Hop-skip to 2022, when a Google software engineer said his interactions with the company’s AI-powered chatbot had convinced him that it had become “sentient.” Then came ChatGPT, an artificial intelligence chatbot developed by OpenAI that very year, which according to analysis by data firm Similarweb reached 100 million users just two months after being launched. Whichever way we cut it, artificial intelligence (AI) has once again become the hottest buzzword in the tech world. Can explosion of data be the reason behind AI’s latest buzz? Data is multiplying at an unprecedented rate. We double the world's data every two years at the current rate at which humanity is producing it, and this rate is anticipated to only accelerate going forward. A Forbes report says that data will double every 12 hours by 2025, which means that between the time we wake up and go to sleep, humanity will either be twice as smart or half as smart. “AI has been around for the last 40 years, but the latest buzz around it can be attributed to the algorithms invented in 2012,” Dr Srinivas Padmanabhuni, Co-founder and Chief Technology Officer, testAIng.com, an Indian AI startup which performs security testing, ethics testing and bug finding for AI models told WION. Dr Padmanabhuni says the newer algorithms have been able to work on all kinds of data including text, image and audio, in addition to conventional data which was purely mathematical and in tabular formats. “With the advent of the newer version of AI, also known as Deep Learning, we can see an expansion of data to images, text and audio. The moment that happened, the application of AI suddenly exploded. Because of the expansion of the ability of analysis to image, text and audio, we’re seeing this new found interest in AI application,” explains Dr Padmanabhuni. AI in Indian academia Author Rajiv Malhotra in his book, Artificial Intelligence and the Future of Power, explains how China's ascent to dominance in the 21st century must be contrasted with Britain's rise to power in the 1800s. China wants to overtake the world through an AI revolution, much as how Britain did during the Industrial revolution. Dr Balaraman Ravindran, Head, Robert Bosch Centre for Data Science & Artificial Intelligence (RBCDSAI) at IIT Madras, explains the two criteria used to gauge success in the realm of AI in India. First, in terms of academic research and innovation, and second, in terms of the quantity and performance of AI startups in the country. “With regards to AI research, India is still middling. We are not among the top few countries in the world in terms of research output. Even though publicly reported stats from different sources would say otherwise, these figures should be critically examined,” Dr Ravindran told WION. "Only a small number of Indian AI researchers are well-known outside of India, according to the number of people who cite their work. Despite this, the AI community as a whole has grown tremendously in the past few years," he adds. As per statistics from the International Data Corporation (IDC), China is expected to more than double its investment in AI to nearly $27 billion by 2026. “China recognised a while back that the impact was coming from top-notch AI conferences and started incentivising people to publish in these conferences,” explains Dr Ravindran. China’s state-funded AI research is also growing steadily. “China is giving significant incentives to companies to spend on fundamental research. The scale is unimaginably large in China,” he adds. A total of 48.6 billion real-time transactions were made in India in 2021, more than three times as many as its closest rival, China ($18 billion), and nearly seven times as many as the combined real-time payments volume of the world's top five economies—the US, Canada, the UK, France, and Germany ($7.5 billion transactions). India is uniquely positioned with a great digital ecosystem in place. Additionally, India released an AI strategy document in 2018 that most countries don’t have. Despite this, Dr Ravindran explains, the gap between the private and public sector is growing with the former taking lead, as they are not waiting for the government to release data. They are collecting the required data themselves. Is India more AI positive, what does it mean for its growth? When it comes to trusting artificial intelligence, India tops the list of countries. According to a KPMG survey, developing countries like India, Brazil, China, and South Africa are more accepting of AI, with India having a 75 per cent acceptance rate. × The study says more than half of the respondents from these countries expressed strong trust and acceptance of artificial intelligence technologies. Additionally, it demonstrated the increased use of AI in emerging markets, particularly in the BRICS countries. However, when it came to the use of artificial intelligence in the workplace, China came on the top with 75 per cent, followed by India at 66 per cent and Brazil at 50 per cent. With the inception of AI, experts have stressed on the importance of it in key professional fields, such as ed-tech and e-commerce. Many ed-tech companies have developed new ways to tailor education for Indian students, but AI continues to be the most efficient approach, as its key impact in the Indian education space is going to be in personalised and adaptive, as per Devesh Mishra, Chief Technology Officer, Physicswallah, an Indian educational technology startup that became a unicorn in June 2022 after raising a $100 million at a valuation of $1.1 billion, who spoke to WION. Mishra emphasised that a student-teacher relationship cannot be replaced by artificial intelligence, since, as he believes, "online and offline education go hand-in-hand." ALSO READ | AI to defeat cancer? Doctors create AI tool that can detect disease Aside from the education sector, trade and commerce is another significant area where India anticipates AI to show promise. The India Brand Equity Foundation predicts that by 2025, the country's e-commerce market will be worth $111.40 billion. Therefore, a strong AI response or data accumulation strategy is necessary for smooth customer relations. According to N Sekar, Chief Technology Officer, Quinbay, an e-commerce AI startup, artificial intelligence is required to create a more customised user experience, collect customer behaviour data and trends, which will ultimately increase productivity. ALSO WATCH | Scientists can now use AI to convert brain scans into words Sekar emphasised the decline in fraudulent activities as well, noting that several e-commerce platforms are using this data to reduce such occurrences. “By analysing the behaviour or data of fraudulent sellers and customers (example receiving a stone instead of a phone) platforms can take action on such people. All that is decreased because of the extensive use of AI or machine learning capabilities,” Sekar told WION Can AI take away our jobs? As per a World Economic Forum (WEF) report, automation and artificial intelligence (AI) will result in the creation of 97 million new jobs by 2025. In the meantime, Chatbots are all the rage, and there is growing concern that an AI capable of responding to cues and questions in a manner that is remarkably human and in a short amount of time would be bad for the job market as a whole. Dr Padmanabhuni thinks reinvention is the key. “We are living in an era where technology is changing every five years. So, we need to relearn in order to stay relevant. It is not a matter of job displacement, but a matter of reorientation.” Additionally, Dr Ravindran thinks AI is very much a productivity tool and it cannot replace humans at this point. WATCH WION LIVE HERE:

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