Welcome to the Season 2 premiere of Chai & Chips!

Season 1 focused on Chips, the infrastructure powering the AI wave.
Season 2 moves up the stack.

We’re going beyond the hype to answer a harder question:
What must hold true for AI to actually matter in India?

We’ll explore this across industry segments, starting with Investing and Wealth Management.

Our premiere episode features Sanjiv Singhal, Founder & COO of Scripbox. With 30+ years in financial services, Sanjiv brings a grounded view on how AI could reshape the way Indian households save, invest, and manage risk.

In this episode, we discuss:

• The Savings Gap: Why India’s household savings rate has dropped and what it means for the economy.
• The 3 Layers of Advice: How to distinguish between investment management, advisory, and personal finance.
• Bionic Advice: Why the future isn't 100% automation, but a blend of AI scale and human empathy.
• The Indian Context: Why global financial models often fail to account for India’s "family-first" mindset and unique trust dynamics.
• Expert Systems vs. Pure AI: Navigating the risks of AI hallucinations in long-term financial planning.

If you enjoyed the episode, please subscribe and leave a review. Let us know in the comments: Do you trust AI to manage your long-term life goals?

Resources:
Find Sanjiv on LinkedIn: https://www.linkedin.com/in/sanjivsinghal/
Find Prakash on LinkedIn: https://www.linkedin.com/in/prakash-mallya/
Find Prakash on X: https://x.com/PrakashMallya
Find Prakash on Substack: https://www.prakashmallya.com/s/chai-and-chips-podcast
Find Prakash on Medium: https://medium.com/@pmallya2411
All episode transcripts are available on Substack and Medium.

Chapters:
00:00 – Season 2 Introduction
01:24 – Introduction to Sanjiv Singhal and Scripbox
04:22 – The Twin Challenges: Savings vs. Credit
09:54 – The Three Layers of Financial Advice
12:44 – LLMs and Democratizing Financial Knowledge
15:43 – Why "Expert Systems" Trump Pure AI
23:00 – The Unique Traits of the Indian Investor
30:00 – What is "Bionic Advice"?
41:20 – Speed Round: Investing Habits & Gold
60:28 – Financial Advice for the Next Generation