India stands at a pivotal point in its technological evolution, especially as it celebrates its 79th Independence Day with over 100 million cryptocurrency users and a rapidly growing blockchain market. In a recent discussion, Shradha Sharma, CEO of YourStory, engaged with deepak Garg, founder of SatoshiWealth and AnywhereJobs, to explore how AI and blockchain could redefine India's economic landscape.
Garg highlighted that approximately 300 million jobs may be created in the West over the next two decades due to aging populations, a number that mirrors the influx of young individuals entering India's job market. He urges india to learn from China's rapid expansion, emphasizing the importance of sustained policy focus and significant investments in energy capacity. Garg expressed strong optimism about Bitcoin, stating, "People should take time and study Bitcoin—I believe it will provide the highest return on your time."
In the realm of financial technology, FinEdge, founded by Harsh Gahlaut and mayank Bhatnagar in 2011, is revolutionizing wealth management through a blend of human interaction and AI. Their innovative product, Dreams into Action (DiA), creates personalized financial plans based on users' expenses and situations. With around 1,400 Non-Resident indian (NRI) clients, FinEdge provides its services free of charge, generating revenue through mutual funds and built-in commissions. Currently managing an asset under management (AUM) of approximately Rs 1,500 crore, the company aims to acquire 100,000 clients and manage Rs 1 lakh crore in AUM by 2035.
In other news, ChatGPT's mobile app has achieved $2 billion in global consumer spending, significantly outpacing its competitors. Meanwhile, China's economy showed signs of slowing down, affected by US tariffs, and Intel's shares rose amid potential government support for the struggling chipmaker..jpg)
click and follow Indiaherald WhatsApp channel