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The profit – public-good dilemma

The profit – public-good dilemma
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

Regulating deepfakes and generative AI in India | Explained

Regulating deepfakes and generative AI in India | Explained
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We re thankful : How Ramadan iftar tents satiate fasting UAE residents daily

Predatory loan apps in India rake in huge fees, and are driving some users to suicide – TechCrunch

On a clear afternoon, Laxmi (name changed) was sitting in her office in Gujarat, India, when she received a message from her distant relative, saying that they received some of her “morphed” nude photos from multiple phone numbers on WhatsApp along with a text that reads, “loan thief.” “I was numbed and clueless,” she said. […]

As AI-based loan apps boom in India, some borrowers miss out

Hundreds of mobile lending apps have mushroomed in India as smartphone use surged and the government encouraged digitisation in banking, with financial technology (fintech) firms rushing to fill the gap in access to loans. Reuters As the founder of a consumer rights non-profit in India, Karnav Shah is used to seeing sharp practices and disgruntled customers. But even he has been surprised by the sheer volume of complaints against digital lenders in recent years. While most of the grievances are about unauthorised lending platforms misusing borrowers’ data or harassing them for missed payments, others relate to high interest rates or loan requests that were rejected without explanation, Shah said.

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