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Can AI boom make everything more expensive? IMF’s chief economist says the inflation story is just beginning

The AI investment boom is “generating tremendous valuations” for companies in US stock markets and countries such as South Korea, creating a wealth effect that could add to price pressures, Gourinchas said in an interview with Bloomberg News. Artificial intelligence (AI) could fuel inflation not only by pushing up the cost of semiconductors and technology…

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GTRI seeks clear DPIIT guidelines on new quality certification regime; warns of fresh compliance hurdles

GTRI has urged the Department for Promotion of Industry and Internal Trade (DPIIT) to issue detailed operational guidelines for the government’s newly notified quality certification mechanism, saying the success of the reform will depend on transparent implementation Trade policy think tank Global Trade Research Initiative (GTRI) has urged the Department for Promotion of Industry and…

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Pax Silica Summit: India among 35 countries backed US-led ‘AI Opportunity’ declaration

India joined 34 other countries in backing a US-led initiative to build trusted and resilient supply chains for artificial intelligence (AI), signing the Joint Statement on AI Opportunity at the second Pax Silica Summit in Washington on Thursday. India joined 34 other countries in backing a US-led initiative to build trusted and resilient supply chains…

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Meet Prathmesh Sinha: The 15-year-old prodigy who lost his eyes to a brain tumour as a baby yet showed the world how to ‘see’

Prathamesh Sinha, a young boy who lost his sight at 16 months, is revolutionizing education for the visually impaired. Despite facing school rejections, his unwavering spirit led him to become a passionate advocate for Annie, a self-learning Braille device. He has captivated audiences on Shark Tank India, addressed Prime Minister Modi, and received a National…

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India-New Zealand Free Trade Agreement: ‘Target Indians and Indians alone’: New Zeland foreign minister Winston Peters alleges ‘covert’ immigration changes under FTA

New Zealand foreign minister and New Zealand first leader Winston Peters has accused the National Party-led government of ‘covertly’ introducing immigration changes that unfairly target Indian citizens under the proposed India-New Zealand Free Trade Agreement (FTA), while the government has rejected the allegations as misinformation.In a series of posts on X and later during the…

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