New Delhi, Nov. 20 -- As markets fret about a possible artificial intelligence bubble on Wall Street, Indians could breathe easy, as there seems to be no AI mania of meaningful scale in India as yet.

However, there are a couple of questions to consider: Should Indians be concerned about the scarcity of AI ventures in India? Why is Infosys using its funds to repurchase its shares rather than invest in developing AI tools?

Michael Burry, an American investor immortalised in the film The Big Short, persuaded Goldman Sachs and several other investment banks to create and sell to his hedge fund, Scion Capital, credit default swaps on tranches of subprime mortgages assembled into synthetic instruments called collateralised debt obligations (C...