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ARTIFICIAL INTELLIGENCE AND ECONOMIC GROWTH
AI can turbocharge India's growth despite job disruption: World BankArtificial intelligence can significantly boost developing economies' growth before the decade ends. India leads AI adoption, benefiting fa...- AI data-centre race builds $1 trillion lease burden for Big TechThe commitments show that a substantial part of Big Tech's AI spending spree has already been locked in, without yet appearing as debt-like...
- AI can accelerate growth in developing economies, says World BankDeveloping economies are experiencing their weakest average growth performance in three decades. The report said AI could significantly lif...
- Global Market: China stocks slide as global AI selloff hits chipmakers; Alibaba rallies on new AI modelChinese equities declined on Monday as a global selloff in AI-linked stocks weighed on semiconductor shares, while Hong Kong's technology s...
- Career warning for Gen Z: How IT industry's AI obsession will create a purchasing power crisis, Zoho's Sridhar Vembu explainsZoho co-founder and Chief Scientist Sridhar Vembu has warned that the IT industry's growing focus on AI is reducing new hiring, as companie...
- Taiwan's economy grows by almost 13% on AI demandTaiwan's exports surged 21.6% year-on-year in the second quarter, which was "mainly driven by the sustained strong external demand for arti...
- Fireflies.ai joins Rotterdam Dockers as founding investor ahead of inaugural ETPLAI productivity platform Fireflies.ai and its founder-CEO Krish Ramineni have joined Rotterdam Dockers as founding investors ahead of the i...
- Why high-conviction investor Cathie Wood bought Nvidia after it erased billions from May highCathie Wood's Ark Invest bought nearly 79,000 Nvidia shares worth about $15.5 million after the AI chipmaker's recent selloff, reaffirming ...
- Global Market: Chinese tech stocks surge as AI optimism returns, policy support lifts marketsChinese technology stocks rallied sharply on Friday, mirroring global markets. Investors regained confidence as the artificial intelligence...
- South Korea’s Kospi rockets 17% after massive 3-day selloff. What’s behind the surge?The KOSPI was up 17% at 6,549 points after tumbling nearly 17% over the previous three sessions, marking one of its steepest weekly decline...
- Goldman Sachs Asset Management launches AI investment platform: ReportGoldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D'Ambrosio will lead this new plat...
- India to buck APAC slowdown despite oil, trade and El Nino risks: Moody's AnalyticsIndia's economy is projected to grow strongly in the Asia-Pacific region. Higher oil prices and global slowdown pose significant risks to t...
- US economy expands 1.5% in Q2, misses forecasts despite spending reboundThe US economy expanded at a slower 1.5% pace in the second quarter. Strong consumer spending and AI infrastructure investment supported ov...
- Paytm founder Vijay Shekhar Sharma calls AI a once-in-a-generation opportunity for IndiaPaytm Founder Vijay Shekhar Sharma sees artificial intelligence as a major opportunity. India can create new jobs and economic growth throu...
- Global Market | AI boom could complicate central banks’ inflation assessment, monetary policy decisions: BISArtificial intelligence complicates economic assessments for central banks globally. The technology simultaneously boosts demand and expand...
- Global Market | AI boom, market correction risks emerge as major credit threats: FitchRatings agency Fitch highlights AI boom and market correction as major global credit risks. Unprecedented AI spending and soaring valuation...
- US trade deficit narrows, exports hit five-month low ahead of key GDP printThe US goods trade deficit narrowed in June as imports declined more sharply. Imports fell across most major categories, reflecting scaled-...
- US core capital goods orders climb 0.9% in June, beats expectationsU.S. manufacturing showed resilience in June with increased equipment investment. New orders for capital goods excluding aircraft rose sign...
- Global Market: Singapore Central Bank surprises markets with policy tightening amid inflation risksSingapore's central bank unexpectedly tightened monetary policy on Monday. Persistent inflation risks from elevated energy costs prompted t...
- Spiritual intelligence vs Artificial intelligenceArtificial intelligence draws strength from interconnected neural networks, mirroring human society's need for connection. Individuals and ...
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