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By:

Prasad Dixit

11 October 2024 at 1:09:23 am

The Human Advantage in an Artificial Age

As artificial intelligence grows smarter and more efficient, the real battle may not be about machines surpassing humanity but about whether humans squander the qualities that still set them apart. With the recent news of a Chinese robot beating the human record in a half- marathon, there is renewed debate on how AI could outsmart human beings. Many experts see it as yet another proof of impending disaster as AI takes over most of the jobs in the years to come. This is not the first time when...

The Human Advantage in an Artificial Age

As artificial intelligence grows smarter and more efficient, the real battle may not be about machines surpassing humanity but about whether humans squander the qualities that still set them apart. With the recent news of a Chinese robot beating the human record in a half- marathon, there is renewed debate on how AI could outsmart human beings. Many experts see it as yet another proof of impending disaster as AI takes over most of the jobs in the years to come. This is not the first time when human civilization is facing a technological revolution that has the potential to impact society and economy in a profound manner. There is, however, a crucial difference with AI driven revolution that is often missed out. The first industrial revolution happened because steam engines were invented and it led to mechanization of production. It was followed by discovery of electrical energy and technologies to harness it for mass production. Next wave of evolution was led by computerization and automation in practically all the fields covering both offices and industrial shop floors through mainframes, personal computers, and programmable logic controllers. While all these leaps in technologies are very different in terms of the specific underlying inventions, they all have one thing in common. They were all invented to do things that were humanly impossible to do. One steam engine or electric motor could do the work that perhaps hundreds of humans would never be able to accomplish even with their collective muscle power. Automation of the manufacturing assembly line would deliver speed and accuracy that human beings would never be able to achieve. Beyond Human Technological advances in Telecommunication, for that matter, have simply expanded the range of 'hearing' and 'seeing' far beyond what human vocal chords, ears, and eyes could manage to do on their own. Computers, at its core, are essentially doing the math and calculations at a speed and accuracy that the human brain can never achieve. To add to that, machines using all these innovations in technology would work tirelessly without any fatigue for a duration that human beings would never be able to match. Although AI is yet another highly potent technological innovation, it is not as straightforward as the previous ones. It can absorb and synthesize huge amounts of data that the human brain perhaps cannot do. Ability of AI to answer any question reasonably well using all the global knowledge made available to it, summarize enormous amount of data and text quickly, quickly draw a complex picture based on instructions given verbally, predict a trend, recognize and highlight a specific face in a fraction of a second from millions of faces, write code based on simple English instructions, are all examples where the speed and accuracy of underlying computation is delivering what human being cannot match. However, there are several areas where human beings are trying to improve AI so that it can, some day, match or exceed capability that human beings themselves already have. Examples of this include the ability of AI to completely replace a human driver safely in all situations, understand full context or an intent behind a statement, carry out complex and well-coordinated mechanical activity in response to various unpredictable situations, react appropriately by correctly assessing the emotions at play, integrate generated code appropriately in the existing larger systems landscape, and so on. In such cases, AI is not exhibiting any capability that is humanly impossible to match. On the contrary, AI is trying to catch up with what humans can do easily. In other words, in these areas, AI is trying to become what humans already are. This very aspect separates AI driven technology revolution from all the previous ones. Direct Competition It is often said that AI and humans will co-exist in the future, and people will need to change their ways of working. It is obvious that AI is also going to directly compete with humans in many sectors. Equipment with an embedded chip on-board do compete with humans even today. A case in point is household equipment such as ‘intelligent’ washing machines and dish-washers where robots to do vacuum cleaning and floor mopping do compete with humans offering these services. A human household help can perform these activities far better than what a machine can do. However, given an affordable choice, an increasing number of households prefer machines over human maid services for a reason. Human household help may not always be punctual, sincere, honest, and reliable. But machines are. Uncontrolled emotions, anger, frustration, laziness, indiscipline, absenteeism do affect humans - but not AI driven machines (at least till the time AI itself acquires emotions of its own, and becomes self-aware some day). This aspect of comparison between AI and humans is likely to become far more prominent and consequential as AI driven machines and robots become more and more intelligent and thereby start competing far more effectively with human capability in many spheres. Competition is said to bring about improvement. Just as AI improves itself through continuous learning to mimic human behaviour and actions, human workforce also needs to improve itself by avoiding behavioural issues and inefficiencies referred to above. Otherwise, humans would lose the natural advantage that they still enjoy over AI, and which is likely to continue even in the foreseeable future. Employers or consumers in the labour-intensive service sector will accept AI driven machines and robots with all its known limitations if it turns out to be a better net-net deal in comparison to services offered by humans. This specific aspect has tremendous significance for India. Many Countries from the developed world do not have a young population with reasonably good IQ in required numbers. India, on the other hand, has it in abundance. One could compare it with abundant availability of Thorium or Sunlight in India as compared to the Western world. Consequently, unlike many Countries in the world that have a Uranium centric approach towards nuclear energy, India's approach needs to be centered around Thorium. India's strategy related to renewable, non-conventional, green energy needs to be based on solar power. Indian Context Strategies for adopting AI in the Indian context need to be similarly tailored for the Indian context. India needs to adopt AI in the areas where it clearly has an advantage over humans in terms of speed, throughput, ease of use, accuracy, and efficiency. However, the use of AI needs to be judiciously controlled in areas where AI is trying to catch up with the capabilities of the human mind and body. Several labour-intensive services such as drivers, caregivers for the elderly people, parcel delivery, security guards, maintenance and repair of various equipment, are all examples in that category. Educational policies and overall work culture in the Country needs to appreciate this reality. Just as AI experts are trying hard to 'teach' AI algorithms and improve them through supervised learning, another set of experts need to sensitize and teach humans on how to understand, appreciate, preserve, and further hone the significant natural advantage that they already have over AI. Despite all the technological breakthroughs in AI, in many areas, still, it is a battle that humans will lose only if they choose to. (The writer works in the Information Technology sector. Views personal.)

India waits to lasso diamantaire Mehul Choksi

Mumbai: India rubbed its hands gleefully as the Belgium Police honoured its request to arrest the absconder diamantaire Mehul Chinubhai Choksi – more than seven years after he, along with his nephew Nirav Deepak Modi - allegedly duped the Punjab National Bank of nearly Rs. 13,800-crores.

 

The scam involving the ‘Mehul Mama-Nirav Bhanja’ erupted in Jan 2018, after the PNB lodged a complaint with the Central Bureau of Investigation (CBI).

 

By then the kin, along with many of their family members, winked and slipped out of the country, leaving a rattled India rubbing its palms in disappointment.

 

A political-cum-financial storm raged, embarrassing the Bharatiya Janata Party government of Prime Minister Narendra Modi a year before the Lok Sabha elections.

 

Multiple agencies launched a multi-pronged probe into what became the biggest banking scam in the past quarter century – and almost four times bigger than the stock market-cum-banking fraud the late Big Bull Harshad Mehta had inflicted on the Indian economy 33 years ago (in April 1992) – when it was just opening up.

 

In Belgium

According to official reports, Choksi was living with his Belgium citizen-wife Preeti in Antwerp, a global diamond hub, presumably for the past 18 months on a ‘residency permit’ acquired through questionable means, for medical reasons.

 

Earlier, he shot to the headers (June 2021) while being taken in a wheelchair to a court by the Dominican Republic's Police on charges of sneaking into the small country in the Caribbean Sea, North America.

 

Interestingly, as the Antigua & Barbuda government initiated the process to cancel his citizenship acquired through an investor visa, Choksi had suddenly gone ‘missing’ till he surfaced in the Dominican Republic.

 

The April 2025 action by Belgium followed a request by India’s CBI and the financial frauds specialist Enforcement Directorate (ED) to nab Choksi as the InterPol had revoked his Red Corner Notice in 2023.

 

Mama and Bhanja

‘Mama’ Choksi is the founder-owner of Gitanjali Group while ‘bhanja’ Nirav’s Firestar plus other companies – and the duo, with some PNB officials hand-in-glove – conspired to make a ‘mamu’ of not only PNB, but other banks, as it subsequently tumbled out.

 

After making a quiet exit, Choksi was detected living in the verdant Antigua & Barbuda Isles (West Indies), then attempted entry to the Dominican Republic, was sent back to Antigua & Barbuda and then went to Belgium where he was nabbed on Sunday.

 

Similarly, Modi was found sauntering on the streets of London and nabbed in March 2019. He remains in jail there since India's extradition is still pending.

 

However, India is keeping its fingers crossed that it may finally lay hands on Choksi, bring him to India and face trial in the PNB scam, though it may take time.

 

Born in Mumbai (1959) and educated in Gujarat, Choksi, 66, and wife Preeti have three children.

 

The Rs. 13,800-crore PNB scam

In the modus operandi revealed after India’s second-largest PSU bank PNB admitted it was scammed, Choksi and Modi used fraudulent Letters of Undertaking (LoU) to get overseas credits or loans from Indian banks.

 

The PNB first informed the Reserve Bank of India (RBI) of the fraud and then lodged a criminal complaint with the CBI in Jan. 2018, plus another CBI complaint in Feb, that led to a FIR against Modi and Choksi and their companies.

 

The ED entered the scene to probe the allegations of money-laundering through the LoUs – which they allegedly misused to avail short-term business finances from foreign branches of Indian banks.

 

The probe said that the duo were availing the LoUs from the PNB’s Brady House Branch from March 2011, and over the next six-seven years, managed to get a whopping 1,200-plus LoUs like a breeze with the help of some friendly bankers within.

 

Post-scam, the gold-diamond companies Gitanjali Group and Firestone Group with multiple operations in India and abroad have largely wound up, while some personal assets of the mama-bhanja have been auctioned to recover a part of the dues.

 

ED's plea to declare Choksi fugitive stuck for seven years

Even as absconding diamantaire Mehul Choksi, a key accused in the Punjab National Bank loan fraud case, has been arrested in Belgium, the ED's plea to declare him a fugitive economic offender has been pending before a court in Mumbai for nearly seven years.


Choksi, 65, and his nephew diamantaire Nirav Modi are the prime accused in the Rs 13,000 crore PNB bank loan fraud case. Choksi was arrested in Belgium following an extradition request by Indian probe agencies, official sources said on Monday.


The Enforcement Directorate had filed the application in July 2018, seeking to declare Choksi an FEO and confiscate his assets under provisions of the Fugitive Economic Offenders Act.


However, the matter has witnessed repeated delays owing to a barrage of applications filed by the accused in the PMLA court and the Bombay High Court alleging procedural lapses in the Enforcement Directorate's plea.


"The court is kept busy with frivolous applications, and hearing on our application to declare him (Choksi) an FEO has been adjourned for the past seven years,” an ED officer had said after the hearing was once again deferred this February.


"The court should have continued the hearing and taken a decision on the future course of action once the application was moved," the officer had said.

He had urged the court to take note of the repeated filing of similar applications and to not entertain them.


Choksi's lawyer had informed the court that the accused was undergoing treatment for suspected cancer in Belgium and intended to file an application in connection with his health.


Under the FEO Act, an individual can be declared a Fugitive Economic Offender if a warrant has been issued against him for an offence involving Rs 100 crore or more and he has left India while refusing to return. Once declared an FEO, the person's property can be confiscated by the investigating agency.


Choksi had challenged the ED's application in the Bombay High Court, alleging that the agency "had not followed proper procedure before filing the application and, hence, it stands vitiated".


However, in September 2023, the High Court dismissed his plea, ruling that the ED had adhered to the prescribed format under the FEO Act. It also vacated a stay on the special court's proceedings.


Despite this, the hearing on declaring Choksi FEO could not commence, with Choksi continuing to file applications before the special court through his lawyers.


While most of these pleas have been dismissed, a few remain pending. His latest attempt to stall proceedings through a plea to recall the notice issued on the ED's FEO application was rejected in December 2023.


According to ED officials, Choksi left India under suspicious circumstances in early January 2018.


Shifting stance

Choksi's counsel has argued that the ED kept shifting its stance on the material grounds for declaring him an FEO and that the suspension of his Indian passport made it impossible for him to return for investigation.

The court, however, rejected this argument, stating that the notice was issued based on accurate information and not based on "wrong facts or mistaken assumptions".


ED claimed the accused left the country under suspicious circumstances in the first week of January 2018.


Nirav Modi has already been declared as an FEO by the special court. He has been lodged in jail in London since 2019.

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