Even though I support whenever any government thinks of progressive tech but I don't really get this Idea. Why is AI needed for Conversational payments? There is no brain needed for Conversational payments. You just say you want to pay 500 INR to anyone it should automatically pay it just like any other audio device like Alexa. Moreover isn't it dangerous? Yes AI might use voice recognition system to avoid that hacking but AI Can easily be used to even replicate someone's voice. So I don't really understand the point of this innovation?
I did some thinking after your reply and found out that this technology would be highly useful for those who are struggling to use UPI. Most old age person are not that proficient with the new technology. Inmean the age group of 55 & above. They are good with WhatsApp and Facebook but fear using UPI as they might do something wrong and lose their money. For them this feature would be very helpful. Another aspect that I think the government would add in the future is voice based biometric technology with the AI. That will enhance the security of transaction being done. As I said earlier this feature won't be helpful for everyone and I know feel it is being added to help a specific age group.
At the same time, there are equal chances of getting scammed. Just imagine how good malicious AI can be when these voices are recorded and then AI generates your voice to make payments to hackers.
Just see how generative AI is creating images of people and I assume the same can be done with voice and so I think AI should not be used for payments at all costs.
It's a terrible idea to use AI for payments.
Agreed AI technology can become an issue in this matter. Not only in India but in other countries globally there isn't any law or regulation for AI. While the world was thinking about crypto regulation, the dominance of AI can become much worst for governments globally. At the moment there is only one state in the US that has said AI based art won't fall under the copyright law.
