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ARTIFICIAL INTELLIGENCE SPENDING
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...- IT industry not creating new jobs, funds diverted to AI, data centre costs: Sridhar VembuIn a post on social media platform X, Vembu noted that while the IT industry, including Zoho, has avoided large-scale layoffs, it has faile...
- AI isn’t a catch-all trade for stocks in this earnings seasonInvestors are becoming more selective about AI-linked stocks, rewarding companies such as Microsoft and Amazon for showing clear returns fr...
- 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 ...
- Amazon to boost spending on AI and other technology by $20 billion after strong Q2 resultsThe Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster tha...
- 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...
- Microsoft shares surge 16% as AI cloud bet starts showing up in numbersMicrosoft shares surged 16% after stronger-than-expected guidance, robust Azure cloud growth and rising Microsoft 365 Copilot adoption ease...
- 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...
- Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...
- Global Market: China stocks slip as AI-linked selloff deepens; Hong Kong gains on internet sharesChinese stocks fell Wednesday as artificial intelligence shares faced selling pressure. Hong Kong shares outperformed, driven by strong gai...
- 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...
- Nasdaq 100 heads for correction as AI worries rattle investorsThe benchmark reached the correction threshold in just 38 trading days, versus more than 100 sessions during its previous decline.
- Global Market: Japan’s Nikkei plunges over 4% as chip stocks track global tech selloffJapan's Nikkei index tumbled over 4% on Tuesday to a two-month low, led by a deep selloff in semiconductor and AI-related stocks following ...
- South Korea’s Kospi tanks 10% despite US-Iran war optimism. Here are 4 reasons whySouth Korea's Kospi plunged more than 10% on Tuesday as a global semiconductor sell-off battered technology heavyweights. SK Hynix tumbled ...
- TCS, Infosys, Coforge, other IT stocks rally up to 10% after Nvidia-led chip rout. Is AI trade ending?Indian IT stocks rallied on Tuesday, with TCS, Infosys, HCL Tech, Wipro, Coforge and Tech Mahindra gaining despite a global sell-off in AI-...
- Global Market Today: Asian stocks fall on AI jitters, oil extends dropAsian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent s...
- Financials dominate Nifty50 in June, IT sector weight hits 23-year lowFinancials increased their Nifty 50 weight to a four-month high in June. This rise followed sector outperformance and renewed foreign inves...
- Global Market: European shares slip as tech stocks drag; ECB policy decision in focusEuropean shares slipped as weak semiconductor earnings and renewed concerns over AI spending weighed on technology stocks. Energy shares ga...
- Apple unseats Nvidia to become world's most valuable company as AI bets shiftIn a remarkable turn of events, Apple has dethroned Nvidia to reclaim its status as the world's most valuable company. This change undersco...
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