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The money will expand total AI computing capacity, measured in the amount of power consumed by data centres, from just under 12GW in America currently to as much as five times that amount by the end of the decade (see map). And almost everywhere across the country, people of all political stripes are furious about it. (Unsplash)
Posted in Business

America’s data-centre backlash puts the AI boom at risk

FROM THE top of the slide, which curves into a little backyard pool, the view as recently as April would have been of lush Ohio…

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Posted in Economy

Piyush Goyal to visit London before India-UK CETA comes into force

Commerce and Industry Minister Piyush Goyal will visit the United Kingdom from June 25-27 to review preparations for the implementation of the India-UK Comprehensive Economic…

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Qualcomm to buy AI startup Modular for $4 billion in AI software push
Posted in Startups

Qualcomm to buy AI startup Modular for $4 billion in AI software push

Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, gaining access to software that runs…

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Posted in Economy

Service output index to debut next month with FY25 base

The government will launch the Index of Service Production (ISP) next month, a new high-frequency indicator aimed at tracking growth in the services sector, with…

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Posted in Economy

Russia and India working on increasing bilateral trade volumes: Kremlin spokesman

Moscow: Russia and India are working on increasing bilateral trade volumes, Kremlin spokesman Dmitry Peskov said on Wednesday, as the two countries pursue a trade…

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India, US conclude two-day trade talks
Posted in Economy

India, US conclude two-day trade talks

India and the United States on Wednesday concluded two-day ministerial-level talks on the proposed first phase of the bilateral trade agreement (BTA), amid efforts to…

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The average U.S. gasoline price stood at $3.928 per gallon on Wednesday, down from $4.515 a month ago.
Posted in Business

Trump Calls for Probe Into U.S. Gasoline Prices After Oil Falls

President Trump said he instructed the Justice Department to look into major oil companies, accusing them of “gouging” customers by not lowering gasoline pump prices…

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Posted in Economy

India-Latin America trade to reach $100 billion by 2030 from $50 billion currently: Uruguay Ambassador

New Delhi: Trade between India and Latin America is expected to double to USD 100 billion by 2030 from the current USD 50 billion, Alberto…

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Commerce minister Piyush Goyal with US Ambassador to India Sergio Gor and US trade representative Jamieson Greer, in New Delhi. ( Sergio Gor/X via ANI)
Posted in Business

India, US talk trade again: The story so far and a deadline that could yield breakthrough

Commerce minister Piyush Goyal and US trade representative Jamieson Greer this week resumed talks in New Delhi aimed at clearing the last hurdles to an…

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The biggest lesson is that both humans and AI are bad at sizing bets. The authors note that even ChatGPT and Claude were lucky as well as skilful in this respect. (Unsplash)
Posted in Business

Why macro trading is hard

How much would you have paid ten years ago, as votes were counted for Britain’s Brexit referendum, to glimpse the next morning’s headlines and trade…

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