Veteran investor Vijay Kedia explains AI’s evolution using a house-building analogy, from expert advice (LLMs) to autonomous action (agents), collaborative teams (multi-agent), human-level mastery (AGI), and beyond (superintelligence). This framework mirrors his investment philosophy: learn, earn, evolve. However, Kedia’s portfolio faced a challenging FY26, with most holdings declining amid market pressures and geopolitical concerns.
Sebi proposes separate master circular for clearing corporations
The Securities and Exchange Board of India (Sebi) is set to refine regulations for stock exchanges and clearing corporations. There will be a distinct master