Nandan Nilekani

"One of the key differences between previous tech revolutions… is that for the first time, we intend to place trust in non-human intelligence for decision making. We are far more forgiving of human error, but much less forgiving of machine error. A few hundred thousand people die on the roads due to car accidents. And we take that as a given. But if one person is killed by an autonomous car, the provider of that has to go back to the drawing board for two years," Nilekani emphasised.

Current financial system is not able to cope with the demands of users says Nandan Nilekani, co-founder Infosys

With support from some of the biggest names in Indian business, including Ratan Tata and Nandan Nilekani, Avanti Finance was founded in 2018 with the goal to provide timely, reasonably priced financial services to the next 100 million underserved or underprivileged households.

The donation marks Nilekani's 50-year association with the Institute and will fund world-class infrastructure, research in emerging areas of engineering and technology, and a deep tech startup ecosystem at IIT Bombay