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WORLD BANK AI REPORT
World Bank urges developing nations to seize AI opportunityDeveloping nations should embrace artificial intelligence for rapid advancement. AI offers significant improvements in healthcare, educatio...- 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...
- Meta cut 8,000 jobs. CEO Mark Zuckerberg says AI is creating more work—but not inside MetaMeta's chief executive states artificial intelligence generates jobs via infrastructure demands. Thousands of corporate roles disappeared w...
- AI offers 'lifeline' for emerging economies, World Bank saysArtificial intelligence can accelerate developing nations' progress by a century within ten years. Emerging economies face fewer job threat...
- Meta to meet MeitY officials over CSAM, AI content, compliance with Indian laws: S KrishnanMeta executives will meet Indian IT ministry officials this week. They will discuss child abuse material and AI-generated content issues. T...
- Global Market: SoftBank earnings in focus as AI investment push raises funding, debt questionsSoftBank faces investor scrutiny over financing its AI expansion and managing debt. The company plans to fund significant AI commitments wh...
- SoftBank's AI funding plans to face reckoning at earningsSoftBank announced record net profit in the year ended March 2026, but its share price has dropped by almost half since the start of June, ...
- When AI agents start fixing financial systems, trust becomes the real currencyAs AI agents move beyond detecting problems to resolving them autonomously, financial institutions face a new challenge: balancing speed wi...
- Anthropic's Claude to infer, process data locally on Indian servers for local customersAnthropic will offer its Claude AI service to Indian customers through local Amazon Web Services servers. This move addresses a key demand ...
- From financial reporting to strategic decision-making: AI's new role for CFOsAI is no longer being used only to automate reporting or reduce manual work. Today's AI products are helping finance leaders understand tra...
- 5 World Market themes for the week aheadGlobal markets face significant turbulence this week from multiple sources. AI-linked stocks are experiencing unprecedented volatility as i...
- Heat to hit jobs across Indian cities: World BankExtreme heat could make outdoor work increasingly unsafe across Indian cities, leading to significant job-equivalent labour losses and econ...
- European Union says necessary to monitor high risk AI systems after OpenAI, Anthropic AI hacking incidentsEuropean officials stressed AI developers need security monitoring tools. This follows recent hacking incidents involving OpenAI and Anthro...
- Ex-OpenAI employee's hedge fund Situational Awareness hit by AI stock rout; seeks fresh fundingSituational Awareness hedge fund is seeking new capital after significant losses. The fund experienced heavy declines as artificial intelli...
- Global Market: Nikkei ends sharply higher as global AI momentum boosts marketsJapan’s Nikkei index surged 4% to 64,362.02 on Friday, boosted by global AI optimism following strong Microsoft earnings. Advantest jumped ...
- Buy, scan, destroy: AI firms are shredding millions of books to train their chatbotsAI companies are buying, cutting apart and scanning millions of physical books to train chatbots, according to a Washington Post report bas...
- Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and ClaudeSarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well....
- US stocks: US market advances as Microsoft results ease AI spending fearsUS stocks opened higher on Thursday morning. Microsoft's strong forecast eased investor concerns about AI spending. Major indices like the ...
- US stocks: US market closes down sharply after Fed holds rates unchangedWall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ah...
- 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...
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