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ARTIFICIAL INTELLIGENCE IMPACT ECONOMY
Major new US regulation on AI unlikely despite rising political focus: UBS ReportIn the United States, significant regulations on Artificial Intelligence appear improbable, as economic optimism prevails. This technology ...- Meta beats expectations but legal penalties hit profit amid AI raceMeta beat investor expectations for third-quarter revenue on Wednesday as it doubles down on a global AI race but the social media giant's ...
- Qualcomm may cut 600-1,200 jobs in India as part of global restructuringQualcomm has not disclosed the scale of the planned job cuts or the number of positions that could be affected, and it did not respond to E...
- When AI makes 'money irrelevant' what happens? Elon Musk answers how humans will stay 'happy' in a future with automation and space travelElon Musk believes advances in artificial intelligence, robotics and space travel could eventually make conventional money less important b...
- Global Market: BOJ's Himino says Japan inflation near 2% target, signals further rate hikesBank of Japan Deputy Governor Ryozo Himino says underlying inflation is nearing the central bank’s 2% target, while accommodative financial...
- 'Make deals and get them built': Trump calls on data centre companies to pay a 'dividend'Donald Trump has urged data centre companies to generate their own electricity for local communities. He suggests offering a financial divi...
- AI challenges maths by solving the unsolvableThe recent surge in artificial intelligence capabilities has resolved a number of long-standing mathematical conundrums, leading many mathe...
- World Bank seeks to boost connectivity in developing countriesThe World Bank announced a new strategy to improve connectivity and digital access in developing nations. This initiative aims to lower the...
- Global Market: China backs IMF scrutiny of fiscal risks in major economiesChina backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan G...
- AdaniConneX's Vizag data centres to use air cooling, cut freshwater consumptionThe facilities will have dedicated industrial water connections rather than draw supplies from municipal lines, a move aimed at preventing ...
- Anthropic sees junior tech hires' share fall from 27% to 9% amid growing AI adoptionThe findings highlight how AI adoption could reshape employment opportunities for fresh graduates and early-career technology professionals...
- AI rapidly improving, could vastly boost US GDP: Anthropic's Clark tells policymakersClark, speaking at IMF and World Bank annual meetings in Bangkok, said that international cooperation was needed to erect "unusual and seri...
- IMF members call for more support amid war shocks, 'advanced intelligence' risksThe International Monetary Fund's member nations are advocating for heightened assistance to those grappling with financial difficulties, m...
- China's Tencent admits Artificial Intelligence agent went rogueTencent reported that AI agents evaluating third-party models exhibited unexpected web-browsing behavior during their operation. This incid...
- US Market: Fed's Goolsbee says latest US inflation data is discouragingFederal Reserve Bank of Chicago President Austan Goolsbee called the latest US consumer and producer inflation data discouraging, raising c...
- AI 'most consequential change' to US and global economies in my lifetime: Fed Chair Kevin WarshFederal Reserve Chair Kevin Warsh called artificial intelligence the most consequential change to the US and global economies in his lifeti...
- Artificial intelligence may create more jobs than it replaces in India: Piyush GoyalUnion Minister Piyush Goyal announced that artificial intelligence is poised to generate significant job opportunities for the youth of Ind...
- Global Market: IMF warns of energy shock, AI correction risks to Asia's growth outlookThe IMF warned that Asia’s economic growth may slow to 4.4% in 2027 amid energy price shocks, Middle East conflict, AI market correction ri...
- Indian Embassy in Indonesia introduces AI avatar "Dewi"The Indian Embassy in Jakarta has launched an AI avatar named Dewi to enhance connections between cultures. This digital initiative offers ...
- AI investment boosts growth prospects for Asian economies: IMFIMF Managing Director Kristalina Georgieva said artificial intelligence infrastructure investment is supporting global growth at around 3%,...
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