The dread around AI taking over and its ill-effects reasonably exists, but India’s potential to seize the opportunity overpowers it, MEITY Secretary said on Wednesday. While delivering a keynote address at the Global India AI Summit, the Ministry of Electronics and IT Secretary S Krishnan said the risks of AI are is much more exaggerated on the western side of the world. Krishnan said there is hope, expectation, and potential in India, driven by its education system, and that a lot of the background AI work, AI adaptation, and application…
Tag: fears
Wall Street: Wall Street falters as consumer pessimism fuels growth fears
[ad_1] NEW YORK, June 28 (Reuters) – wall Street Tuesday closed sharply lower in a broader sell-off as consumer confidence data dampened investor optimism and fueled concerns over a recession and rising earnings season. S&P and Nasdaq Apple Inc, Microsoft Corp and Amazon.com lost their weight by about 2% and 3%, respectively. The blue-chip Dow dropped nearly 1.6%. “The market was fine to date until consumer confidence numbers came out,” said Peter Tuz, president of the Chase Investment Council in Charlottesville, Virginia. “It was weak and the markets immediately started…
IT Stocks Today: IT stocks bearish fears: Is this bullish followed by gloom and doom?
[ad_1] New Delhi: If there is a slowdown in the US economy, can Indian IT services continue? This is the question haunting investors IT Stock Ever since the US media started talking about recession fears. Even as US Fed Chairman Jerome Powell tried to calm nerves by saying “we’re not trying to induce a recession right now”, the market wasn’t confident enough. Three Bluechip IT Stocks, Belvedere Powell hit their respective 52-week low a day after the biggest rate hike since 1994. Also worrying was the weak outlook for economic…
Congress News: Congress says government fears Rahul Gandhi, calls for ‘undeclared emergency’ in Delhi
[ad_1] Before Rahul Gandhi’s appearance Enforcement DirectorateThe Congress On Monday, the Modi government has imposed an “undeclared emergency” in Delhi and alleged that thousands of its workers and leaders have been arrested or placed under house arrest. Addressing a press conference at the party headquarters, Congress chief spokesperson Randeep Surjewala asked why is the Modi government scared? Rahul Gandhi Or Congress as they planned to march towards the ED’s office only when their leaders appeared before the agency for questioning. He said Congress is fighting for truth which cannot be…
Global Markets: Stocks fluctuate as prices on rate fears, yields rise
[ad_1] European stocks tumbled and US stocks tumbled on Wednesday as outlook for rate hikes weighed on sentiment, while bond yields rose after beating expectations for the euro area’s GDP, the more hawkish European Central Bank. added bets. Trading was choppy as investors await Thursday’s ECB meeting and Friday’s US consumer price data will highlight the dilemma facing investors as they weigh how tight central banks are on policy and inflation. It has effect. Investors are concerned about the economic outlook and its impact on the results. Analysts at Citi…