The Explainability Problem in AI Payment Systems
Nvidia shares jumped nearly 5% in after-hours trading after the company reported quarterly revenue that more than doubled year-over-year, with data center revenue surging 117%. Nvidia’s outlook reinforced expectations that AI infrastructure spending remains robust, with the company projecting revenue growth of approximately 70% for the 2028 fiscal year.
The results provided a fresh boost to the broader technology sector, which had faced pressure in recent sessions due to rising bond yields and concerns that high valuations left little margin for error regarding earnings.
Last week, Indian company Razorpay announced the launch of Razorpay Vulcan—India’s first AI Transformer model built specifically for payments, per the announcement. The model combines Razorpay’s payment data with NVIDIA’s accelerated computing and AWS cloud infrastructure, including Amazon SageMaker.
For millions of local shoppers, a single failed transaction, a delayed OTP, or a fraudulent charge is reason enough to revert to cash. As the country’s e-commerce...
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