Ai is what ai does
My 100 hour search for 10 new use cases
Redefining speed : app to application
BharatGen has among the most amazing people helping it to gallop ahead. Most don’t need an appointment letter or a salary. Just the opportunity of being part of something so impactful is adequate.
Today, Bharat Gen CEO Rishi Bal and I had the opportunity of brainstorming BFSI use cases with Prof Dipak Gupta at the School of Management in IIT Bombay. BFSI is a very wide area which includes banking, investment, insurance, capital markets and everything else inbetween.
Prof Gupta walked in with his shirt out, slinging a shoulder bag – one could mistake him for a student. Prof Gupta is what is called “Professors of Practice” . He doesn’t have a PhD. He has a BTech from IIT and a MBA from IIM Ahmedabad.
He is a distinguished fellow of the IIT Alumni Council in Indian Banking. This really means that the Council rates him as the most knowledgeable IITian in the world in Indian Banking !!!!!
And what exactly makes him so.
As a young recruit, he conceptualised, created and led Kotak Bank for close to twenty five years. He retired recently and is currently Chairman of Kotak Private Equity – which directly or indirectly overseas an investment portfolio of USD 100+ billion.
Dipak represents not just a face of IIT Alumni Councils distinguished fellows (first among equals) but also the new face of academia – focused on the practical without sacrificing the theoretical.
He is the 4614th row in my spreadsheet. His advisory mandate at Bharat Gen is to help make sure that the platform raises resources that are commensurate with their ambition. In layman terms it means, that he has to help design and implement a structure that can raise a few billion dollars . The purchasing power equivalent of USD 300 billion+ in the U.S. at a frugality index of 100.
And to do that, one of the key verticals in which BharatGen has to beat the global players is BFSI.
The BharatGen product is probably 90 days from beta. And 180 days from launch. To brainstorm the concept, I chose to bounce it off a young 30 year old kid called Sharan Hegde seated next to me on my flight. He runs an Instagram and YouTube handle called Finance with Sharan by Sharan Hegde. Sharan in the founder of one percent club – a young startup seed funded by Nikhil Kamath. With 600,000 app downloads and a following in millions – he is the face of GenZ
Before I could ask him if he would use BharatGen ai to offer an ai financial advisor to his rising affluence clients (annual earning 30 lacs to one crore pa) – he mentioned that his entire focus was to get a in house team to develop a bespoke solution using ChatGPT. He had started but was nowhere near the end.
If all goes well, Sharan and others like him could be part of the innovation army speed training BharatGen in their respective domains. Saving them development dollars whilst accelerating Bharat Gens time to leadership.
