Yep. Here's the accurate Month-to-date stats published daily by the network operator NPCI https://x.com/NPCI_NPCI. If you want official stats across all banks, across all payment rails, look at the central bank (RBI)'s website.
The right comparison for Nasdaq's order processing volume or messaging volume would be India's National Stock Exchange (NSE). It does more executed orders per day than nasdaq.
I worked on scaling UPI a few years ago. Real-time Payments is vastly more complex as it is much more distributed - each transaction involves the two banks holding funds, two end-user apps (and their banks), and the network (npci) – for the payment to complete end to end, multiple message exchanges need to happen between these parties while the user at both ends are waiting. So, if you measure the scale in messages/sec it would 10-25x higher.
Real-time payment rails that works 24/7 365 days a year from any bank to any bank (domestic, no exceptions) for free is truly a game-changer. Compare that to US payment rails which is slow and expensive. Apart from UPI, India has 3 more payment rails – NEFT (similar to ACH – batch settlement), IMPS (similar to UPI, instantaneous - but different user experience), RTGS (real-time, intermediated by the central bank RBI, but only for high-value transactions) – all are 24/7/365 and free. Then, there's credit card rails – apart from Visa and Mastercard, India also has RuPay which has much lower interchange rate.
Right now, almost all the incentives are to build very large models that run across many machines in huge datacenters. There is very little incentive to build models that can run well on a small machine under your desk.
So it is less about whether people will be “allowed” to own AI, and more about whether there will be anything useful to own in the first place.
The incentive for local models is mostly to make them good orchestrators or user agents. They may give you some privacy and control, but they will still depend on much larger models running in datacenters for anything difficult.
I remember all the excitement around OpenMoko and other open-source “BlackBerry killer” projects. BlackBerry did get killed, but not by any of those individual-first projects.
For AI regulation, I think we should focus on normal commercial rules: consumer protection, privacy, antitrust, liability, and so on. In other words, focus on where money changes hands and where companies have power over users.
Military and offensive use is different. There, regulation is not much of a defense. The real defense is having enough capability and strength of your own.
Restricting AI because it can give dangerous knowledge to ordinary people is like restricting the printing press because it can be used to spread radical ideas.
I have not used voice mode much with chatgpt. I was surprised to learn that they were already not running the voice model like a UX orchestrator while utilizing other models in background for actual research/response etc. I guess it's good they launched what they could and got here in steps. I suspect in the near future my personal device (mobile/laptop) will be powerful enough to run any UX orchestrator model locally – and route to multiple frontier closed/open model providers in the background as appropriate. The battle is going to be platform owners (Apple/Google/Microsoft) wanting to lock-down the access to that local hardware and local interaction paradigms (ambient always-on full-duplex voice) and intermediate through their platform layers - rationalizing it as consumer security/privacy protection (which is right for most people, but sucks for the open market). Meanwhile I suspect OpenAI/Meta et al will try to build their own hardware and become platform owners themselves, though unsuccessfully. And it's going to take some company like epic games to get them to open that up. and that's probably what the next decade is going to be all about.
You can externalize the things you consider as taste by writing down generalized statements, but those statements need boundary conditions and exceptions to be also specified. Except, exceptions have exceptions and when to apply the rule vs when to use exception is contextual judgement. so, whatever residual that cannot be explicitly and unambiguously and generally spelled out, we call it as taste/judgement.
Even if you are on modern 5G network, and set your phone to never connect to 2G/3G network, your location is still compromised because the overall network is still backward compatible to support someone who might be trying to reach you from a 2G or 3G network which run on the insecure SS7 protocol. This enables protocol downgrade attacks. Only way to insulate yourself from this while still being on mobile networks is to use a "data-only" sim and stick to purely Internet based secure messaging and calling apps and not use the phone number for anything.
The way mobile radio/phone networks have evolved (trusted walled garden with backward compatibility) vs Internet has evolved (untrusted with end to end security) is in stark contrast to each other.
I'm not buying another expensive AirPods from Apple until they have their story straight w.r.t battery health and battery repair that is cost-effective. I'm done wasting money on these only to have battery issues, clicking noises etc in less than 2 years of continuous use.
Irritating thing is how Apple hides bluetooth headphones pairing 2-3 clicks deeper than AirPods pairing – on iPhones and Apple TV.
> that require legal to get involved and you do end up with documents that sound excessively broad
If you let your legal team use such broad CYA language, it is usually because you are not sure what's going on and want CYA, or you actually want to keep the door open for broader use with those broader permissive legal terms.
On the other hand, if you are sure that you will preserve user's privacy as you are stating in marketing materials, then you should put it in legal writing explicitly.
Corrosion seems over-engineered. Instead of doing a simpler federation of multiple databases (one per datacenter) across the globe, they decided to do gossip amongst every single VM across the globe! You don't really gain much but you do get all the noisy complexity for sure.
It is simultaneously impressive and sad and hilarious that security of millions of people depend on the work of one volunteer software developer (gorhill – ublock origin) and a bunch of volunteer block-list maintainers.
The article kind of ended abruptly. The point about Encrypted Media Extensions and DMCA and rise of encrypted video playback within browser is an interesting point that needs more elaboration.
The story of how Internet grew and what made it valuable to users and what threatens it – it is worth articulating and illustrating and repeating each year as more and more people take Internet more seriously but don't know about these happenings under the covers.
Also, for the business model innovation to happen, existing business models need to be studied with care and deeper and broader understanding needs to prevail over more and more users.
They put out a lot of useful stats here https://www.rbi.org.in/Scripts/Statistics.aspx
Daily payment settlement stats here: https://rbidocs.rbi.org.in/rdocs/content/docs/PSDDP04062020....