generative AI
AI Investment Bubble Warning: Financial Institutions Raise Concerns About Market Correction Risks
Oct 09, 2025 04:43 pm CST
Financial institutions including the Bank of England and IMF are sounding alarms about a potential AI investment bubble, comparing current tech stock valuations to the 2000 dotcom bubble peak. As OpenAI reaches a $500 billion valuation despite not being profitable, experts debate whether AI's economic promise justifies the massive investments or if market expectations have become dangerously inflated, raising risks of a sharp market correction that could impact global economic growth.
Deloitte's $440,000 AI Scandal: How Generated Content Led to Major Refunds and Regulatory Concerns
Oct 08, 2025 05:06 pm CST
Consulting giant Deloitte is refunding part of a $440,000 fee to the Australian government after delivering an AI-generated report containing fabricated citations and false references. This high-profile case highlights growing concerns about AI hallucinations in professional services, joining Deloitte's pattern of oversight issues across global operations. Experts now recommend stronger contractual AI clauses, improved verification processes, and enhanced regulatory frameworks as AI increasingly infiltrates professional work products.
Over 60% of Indian Higher Education Institutions Embrace AI Tools: EY-Parthenon Report Highlights Transformative Impact
Oct 07, 2025 10:44 pm CST
A new report by EY-Parthenon and FICCI reveals that over 60% of Indian higher education institutions now permit students to use AI tools, with 53% utilizing generative AI for learning materials. The survey of 30 leading institutions shows significant adoption of AI-powered tutoring systems, adaptive learning platforms, and automated grading, highlighting the need for AI literacy, robust data governance, and faculty development to fully leverage AI's potential in transforming education.
OpenAI Reaches Record $500 Billion Valuation in Employee Share Sale
Oct 02, 2025 07:51 pm CST
ChatGPT developer OpenAI has achieved a record-breaking $500 billion valuation through a private share sale involving employees. With $4.3 billion in revenue for the first half of 2025, the AI company has attracted major investors including SoftBank, despite requiring massive future infrastructure investments. This valuation surpasses Elon Musk's SpaceX, making OpenAI the world's most valuable startup amidst continued investment in the generative AI sector.
Aravind Srinivas: India's Youngest Billionaire With Rs 21,190 Crore Net Worth and How He Built Perplexity AI
Oct 01, 2025 07:32 pm CST
Aravind Srinivas, the 31-year-old Chennai-born entrepreneur, has become India's youngest billionaire with a net worth of Rs 21,190 crore. This article explores his journey from IIT Madras to founding Perplexity AI, his experience at tech giants like OpenAI and Google, and his plans to expand his AI-powered search engine business in India.
H-1B Visa Fee Hike May Make The Great American Dream Too Expensive To Achieve
Sep 20, 2025 07:06 pm CST
United States President Donald Trump hiking H-1B non-immigrant visa fees to a steep USD 100,000 would affect thousands of Indian students with the American dream.