1 TRILLION BY 2030
Environmental groups embrace AI, even as they warn of data center impacts
Environmental organisations are increasingly leveraging artificial intelligence to enhance conservation efforts and analyze ecological data. Many express concerns about the environmental impact caused by data centers that support AI technologies. The energy and water consumption of these centers is projected to double by 2030, raising emissions concerns.
Australia data centre inquiry finds inadequate checks, stops short of moratorium
An inquiry into data centres by Australia's most populous state found approvals failed to consider the cumulative effect on resources and infrastructure but stopped short of calling for a moratorium, prompting a blistering rebuke from its chair.
Australian outback data centre pulls timeline after regulator stalls
Startup Energy North, which says it has finance lined up for a sprawling gas and solar-powered data centre on a cattle ranch in the country's remote north, 683 km (424 miles) from the nearest city, had given a "first power" date of June 28, 2028, in regulatory filings four months ago.
Besides the bubble, a big AI risk could be growing in the shadows
Investors are worried about potential financial risks linked to Big Tech's investments in AI infrastructure. The technology sector recently experienced a significant sell-off, indicating growing nervousness among shareholders. S&P Global predicts considerable expenses on data centres for major companies like Amazon and Microsoft through 2030.
UP looks beyond Lucknow to boost startups, MSMEs as Aavishkaar, Intellecap partner with Invest UP
With more than 11.5 million MSMEs across the state, Uttar Pradesh is looking beyond its established startup centres to build a wider enterprise ecosystem. A new Invest UP partnership with Aavishkaar Foundation and Intellecap aims to take capital, advisory support and market connections closer to entrepreneurs across its districts.
Nasdaq 100 cracks 5%, wipes out $2 trillion in October as AI spending fears deepen
Investor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology companies like Meta, Alphabet, and Microsoft are increasing their capital outlays to strengthen AI infrastructure. The Nasdaq 100 index has already seen a significant decline of more than 5.8% in October. Analysts predict that global AI infrastructure spending could reach unprecedented levels by 2030.
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Explained: Why AI giants Google, Amazon, Intel shares crashed up to 23% in a single day
Shares of Alphabet, Amazon and Intel plunged on Thursday as investors fretted over rising AI spending, weakening cash flows and a subdued outlook. Alphabet shares fell over 13% after its Q3 results missed Wall Street estimates, with slowing search advertising growth and higher AI investments weighing on sentiment.
AI could wipe out $200 billion of IT services work by 2030: BCG
BCG’s Sreyssha George says Indian IT firms will have to rethink how they price work, hire freshers and pay AI talent, as clients move from paying for headcount to paying for outcomes.
AI led services to generate up to $200 billion in new work by 2030: BCG report
A recent report highlights the transformative impact of artificial intelligence-led services on the job market, predicting significant workforce expansion by 2030. It estimates the global services market will surge from $ 1.6-1.7 trillion to a remarkable $ 2.2-2.4 trillion. To leverage this growth, technology employees must undergo reskilling. Up to 40 new Applied AI roles may emerge, but organizations risk increased expenses by seeking external hires for these specialized jobs.
India only major emerging economy set to reduce debt ratio by 2031: RBI Deputy Governor
India is projected to be the only emerging market economy among nine economies with gross domestic product (GDP) exceeding USD 1 trillion to reduce its government debt-to-GDP ratio between 2025 and 2031, Reserve Bank of India Deputy Governor Poonam Gupta said, highlighting the country's stronger fiscal position amid rising global debt and borrowing costs.
Nations get moving on Paris Climate Accord, but the pace is slow: UNFCCC
The reports assess the progress countries have made towards tackling climate change and achieving the goals of the Paris Agreement. Countries are investing in the clean energy transition, adapting to the impacts of climate change and building resilience, and there are international financial flows to climate action, the reports said.
AI bubble bursting or just letting out air? Neoclouds may offer clues
Elon Musk has warned that over 200 neocloud companies may face significant challenges, including potential failures and consolidation. Despite high demand for AI computing capacity, rising credit costs impact the financial stability of these companies. Research firm Gartner anticipates that more than 80% of neocloud providers may cease independent operations by 2030. Tighter credit conditions could restrain excessive AI spending without affecting overall investment growth.
Anthropic vs OpenAI: How Claude maker’s growth is challenging ChatGPT ahead of IPO
Anthropic has seen significant revenue growth, reaching $16.29 billion in the first half of 2026. OpenAI continues to expand its business model while generating substantial revenues from its consumer and enterprise offerings. Both companies face financial pressures as they invest heavily in infrastructure and computing power. The competition between Anthropic and OpenAI is primarily driven by their customer acquisition strategies and operational efficiencies.
Power to empower must include the power to stay well
“The true value of power lies in its purpose,” the Prime Minister told the Bloomberg New Economy Forum in October. India’s next lever of power is the health of its people, and the digital infrastructure behind CoWIN can now help keep a billion Indians well.
Big Tech’s AI push faces a $1 trillion profit test, says UBS
UBS Global Research indicates that major cloud companies must generate an additional $1 trillion in operating profits by 2031. They are expected to invest $7.7 trillion between 2026 and 2030 to achieve these returns. A decline in returns on invested capital is anticipated as AI infrastructure dominates investments. The largest firms face challenges in securing electricity for expanding data centres.
$7.7 trillion AI bet: Can hyperscalers earn enough to justify the spending?
Six major hyperscalers are projected to spend $7.7 trillion on AI between 2026 and 2030, but generating adequate returns will be a challenge. UBS estimates they need $1 trillion in additional earnings before interest and taxes by 2031. The key questions are whether AI boosts productivity and companies can monetise those gains.
Holcim lifts guidance again on strong demand
Holcim has increased its full-year guidance due to robust demand for sustainable building materials. The company reported a 17% jump in recurring Ebit in the third quarter, surpassing expectations. Increased customer demand and cost discipline contributed significantly to this profit increase. The firm aims to announce around 15 acquisitions by the end of this year. Holcim is focusing on alternative fuels to mitigate rising energy costs.
China now spends 2.8% of its economy on research, passing the OECD average for the first time: Could US science cuts reshape the global AI and semiconductor race?
China’s research spending crossed $584 billion in 2025, rising 8.2% in a year. The increase comes as Washington faces debate over federal science funding. Beijing is directing more money towards AI, semiconductors, quantum technology and basic science.
As COP31 nears, India's heatwave disaster tag puts spotlight on global adaptation finance gap
India's recognition of heatwaves as natural disasters underscores the urgent need for international climate finance. Experts note that domestic funding is inadequate for heat adaptation strategies. They emphasize the necessity of consistent and predictable international resources for effective implementation. Upcoming discussions at COP31 will focus on adaptation finance for developing countries. There is growing concern over the lack of responsibility taken by developed nations regarding climate impact.
Global asset management industry to expand through 2030, profitability remains a challenge: Morgan Stanley
Global asset management assets reached a record $159 trillion in 2026, but Morgan Stanley expects falling management fees to constrain revenue growth through 2030. Private markets and artificial intelligence could drive profitability, with firms integrating AI across operations potentially improving cost-to-income ratios by up to 15 percentage points.
AI could unlock $2.52 trillion in annual global economic value: Report
Artificial intelligence is projected to generate $2.52 trillion in annual economic value globally through automation. However, increased deployment costs could reduce this potential by around 34 percent, leading to significant financial losses. Various sectors, including financial services and education, offer considerable economic benefits from AI applications. Companies are advised to evaluate the return on investment from AI technologies before committing resources.
US data centre spending seen more than doubling to $2.1 trillion by 2028, estimates BoFA
Global data centre spending is expected to reach $1 trillion in 2026 and more than double to $2.1 trillion by 2028, driven by rising demand for AI services, BofA Global Research estimates. The data centre market could reach $2.93 trillion by 2030 as AI fuels rapid infrastructure expansion.
Data center spending to more than double to $2.1 trillion by 2028
Data center spending has been a fast-growing source of revenue for industrial firms that make generators, construction equipment, switchgears and chillers.
Forgotten 401(k) Money: Did your old employer move your 401(k) without asking? Why 68% of these IRAs lose value in year one
Millions of Americans may have retirement money sitting in old 401(k) accounts without realising it. A new PensionBee study found that many automatic rollover IRAs lose value because low returns cannot cover account fees. Workers who changed jobs years ago may want to check whether their forgotten savings are quietly shrinking.
The world is falling further behind on climate action, and the US looms large
Humanity is heading towards a hotter world due to increasing carbon emissions primarily from the United States. The United Nations Environment Programme has updated its climate projections, indicating a potential rise of 1.2 degrees Celsius. The report notes that while most economies reduced emissions, the United States' emissions have surged significantly. These changes could lead to severe consequences for vulnerable communities and ecosystems globally.
India to take a leap in quantum, NM-ICPS 2.0 in works: DST Secy Waghmare
India aims to become a leader in quantum technology among Global South countries. The Centre is preparing for NM-ICPS 2.0, building on the first phase ending December 2027. Efforts include developing quantum-resilient encryption techniques for critical database systems. Research and development spending has increased significantly, with a target of reaching 2% of GDP by 2035. The government is focusing on partnerships with industries to further support technological advancements.
CoreWeave's slump puts spotlight on debt behind AI boom
The loss-making AI cloud company, burdened with about $50 billion in debt, has become the poster child for mounting concerns that the data center boom is being fueled by credit, straining newer players and pressuring cash flows even at giants such as Alphabet and Meta Platforms.
US stocks: CoreWeave's slump puts spotlight on debt behind AI boom
CoreWeave's financial distress is highlighted by its $50 billion debt and significant default risks, causing stock prices to drop. Investors express concerns about how the AI industry's expansion is financed, especially with rising interest rates. The company's efforts to secure an investment-grade rating indicate attempts to access more capital. Analysts project a bleak future for many neoclouds, with potential shutdowns by 2030.
AI could free up 40% of banks' middle and back-office capacity by 2030: BCG Report
The integration of artificial intelligence is set to drastically reshape the workforce in the banking industry's middle- and back-office sectors. By 2030, banks are expected to embrace tech-driven models, implementing AI within their operations. Revenue for corporate and investment banking is projected to climb to USD 1.1 trillion in 2026 and further to USD 1.4 trillion by 2030.
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