Technology "will change life transformationally in the next few years and decades" and could make India "the biggest winner of [the] AI race" in the long run, National Stock Exchange (NSE) CEO Ashish Chauhan said.

In a post on X, Chauhan said AI is a "very useful technology" that will generate "substantial productivity gains in most areas like electricity, telecom, or IT did.”

He argued that large US companies and the US government "tried to project it as a matter of large investments rather than use of brains," adding that the focus on "extremely costly hardware, trillion dollar models etc were to some extent part of the hype, awe and shock model US adopts to control most new technologies to keep small countries and small companies out."

Reflecting on the three years since ChatGPT’s la

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