Anna Mathew

Is the global AI boom turning into a bubble—and could that actually benefit India? As companies worldwide pour billions into artificial intelligence, concerns are rising over high valuations, rising costs and uncertain returns. But India’s position may be different. While not leading the frontier AI race, India is rapidly adopting AI across industries. With relatively lower exposure to inflated AI valuations, Indian markets could appear more resilient in the event of a downturn.

In a move aimed at boosting foreign capital inflows, the Indian government has removed long-term capital gains tax on overseas investments in government securities. The decision comes as foreign investors pull billions out of equities amid global uncertainty, putting pressure on the rupee. The Reserve Bank of India has also expanded access to bonds under the Fully Accessible Route, allowing unrestricted foreign investment in select securities. The coordinated push signals a strategic shift toward attracting stable, long-term capital into India's financial markets.

The growing importance of Jaguar Land Rover is reshaping the fortunes of Tata Consultancy Services, Tata Elxsi and Tata Technologies amid a slowdown in India’s IT sector. As global clients cut spending and AI disruption weighs on growth, these firms are increasingly relying on JLR for stable revenue streams. For Tata Technologies, the dependence is especially significant, with JLR contributing a large share of its business. While the partnership offers resilience during uncertain times, it also raises concerns about concentration risk if JLR faces operational or financial challenges.

India's race to become an AI powerhouse is accelerating, but it comes with a hidden environmental cost—water. As data centres expand to support AI tools like ChatGPT, their cooling needs are driving massive water consumption. A United Nations University Institute for Water, Environment and Health report warns that AI infrastructure could strain already stressed water resources. With major investments from Google, Microsoft, and Amazon, India's data centre boom is colliding with water scarcity in cities like Bengaluru and Chennai—raising a critical question: can India scale AI without deepening its water crisis?

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India has unveiled BharatGen, its most ambitious homegrown AI initiative designed specifically for 22 scheduled Indian languages. The project is a key outcome of the IndiaAI Mission, backed by a $1.2 billion government push for AI sovereignty. This launch comes at a time when access to advanced foreign AI models is becoming increasingly restricted, highlighting India's effort to build independent AI capabilities in its own languages for 1.4 billion people. Watch how BharatGen positions India in the global AI race.

Meta is facing internal turbulence after a massive restructuring tied to its artificial intelligence push. CEO Mark Zuckerberg has acknowledged that the company made mistakes during its AI overhaul, which saw around 8,000 layoffs and thousands of employees reassigned to new roles. In a candid internal admission, CTO Andrew Bosworth described the rollout as “atrocious,” citing poor communication, lack of clarity, and disruption across teams. Reports from Reuters and Wired suggest employee morale took a hit as rapid strategic shifts left many feeling uncertain about their roles.

Capgemini has temporarily shut its on-campus daycare facility in Bengaluru after disturbing videos allegedly showing toddlers being abused by staff triggered a police investigation. The controversy erupted after multiple videos surfaced online, allegedly showing children aged between two and three being subjected to abuse inside the daycare. The accused have been identified and summoned for questioning, though no arrests have been made so far. Investigators say the case came to light after videos were shared via WhatsApp with officials from the District Child Protection Unit, prompting a formal complaint.

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Microsoft co-founder Bill Gates has issued a stark warning that the rapid advance of artificial intelligence could trigger large-scale job displacement and create risks governments are not addressing fast enough. In a New York Times interview, Gates said previous technological shifts eventually created new jobs, but AI is spreading across so many industries simultaneously that too few sectors may remain to absorb displaced workers. He noted that AI coding tools have already surpassed him in areas he once considered a strength.