THE TRUTH ABOUT: 23 | History Defined

Trump’s super intelligence diplomat: Marco Rubio

Trump changed AI to SI. Now he has created a new breed of SI diplomacy.

The Economic Times · Oct 17

The power of AI is worrying senior Labour figures – as is the fear of ‘falling behind the public’

Westminster appears to be waking up to warnings over AI safety, with concerns over its use by extremist groups and bad actors

The Guardian - UK · Oct 17

Rising borrowing costs signal funding risks for global AI expansion: Jefferies report

As the financial markets grapple with emerging pressures, substantial investments in artificial intelligence infrastructure are evident. Companies like Oracle and CoreWeave are facing heightened credit risk, indicating struggles with borrowing amidst rising financing costs. Investors need to keep a close eye on credit spreads to gauge the viability of AI…

The Economic Times · Oct 17

ET Alpha Wealth Summit 2.0 | Why alternatives are becoming essential for wealth creation beyond stocks and bonds, says Rahul Jain

Nuvama Wealth Management’s Rahul Jain says alternative investments can diversify portfolios through private markets, AIFs, private credit, REITs and InvITs. He recommends evaluating risk before returns and taxes, while considering global equities and liquidity constraints when determining portfolio allocations.

The Economic Times · Oct 17

IMF chief says AI risks may exceed opportunities without safeguards and ethical framework

The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, IMF chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key governments.

The Economic Times · Oct 17

US reviving shuttered nuclear plants to meet growing electricity demand and to power data centres

The United States is planning to restart three closed nuclear plants to address rising energy needs. These plants were shut down due to high electricity costs but are now sought after for carbon-free energy. Large technology companies are contracting for power from these facilities, ensuring a stable revenue. Restarting these…

The Economic Times · Oct 17

Dollar heads for weekly loss as Fed hike bets fade, AI jitters linger

This week, the dollar faced a notable drop due to decreased expectations for interest rate increases from the Federal Reserve. Federal officials' remarks have led to steadying Treasury yields, which in turn weakened the dollar's position. Concurrently, the euro and yen gained ground, with the euro nearing a weekly rise.…

The Economic Times · Oct 17

European shares close out best week since June as earnings soften blow from tech selloff

European shares rose significantly due to robust earnings across multiple sectors, providing a buffer against a global tech stock decline. The STOXX 600 index climbed by 0.7%, achieving its best performance since June. Companies like Aixtron and Nordex marked impressive gains, while the tech sector displayed noteworthy stability. With the…

The Economic Times · Oct 17

Global markets: Stocks slip as dollar heads for weekly loss

In a week fraught with concerns over escalating interest rates and financial complications tied to AI, global stock indices saw moderate declines. While the S&P 500, Nasdaq, and Dow Jones recorded losses, the Dow managed to post a weekly gain. In contrast, European markets, led by London's FTSE 100, experienced…

The Economic Times · Oct 17

Wall Street Week Ahead: As AI rally wobbles, stock market's spotlight turns to earnings

Investor confidence in the market is wavering due to recent declines in AI-linked stocks and semiconductor firms. Upcoming quarterly results from major players, including Meta Platforms, are being closely monitored by investors. Analysts are watching whether hyperscalers can sustain profitability amid significant capital expenditures on AI infrastructure. The performance of…

The Economic Times · Oct 17