AI TRACKING IMMIGRANTS
Sensex jumps 383 points, Nifty closes above 23,950 as benchmark indices scale 2-month highs. What lies ahead?
The Indian stock market has surged, with both Sensex and Nifty climbing to their highest points in two months. As investors keep a keen eye on outcomes from the US midterm elections, which could influence international exchanges, major sectors such as Realty and FMCG have thrived. There's a marked increase in buying from foreign institutional investors, suggesting renewed confidence in large-cap stocks.
US Midterms 2026: Cost of living and government corruption are top issues, AP Voter Poll says
Voters are participating in Election Day to influence control of the U.S. House and Senate. Many electorate members express dissatisfaction with the current economic situation attributed to Trump's policies. Polls indicate a significant desire for checks and balances on the presidency from Congress. Various gubernatorial candidates, along with major ballot measures, also shape the election landscape. Early voting statistics show heightened engagement compared to previous elections and reflect voter concerns.
Skyroot eyes funding boost; MDR deferment cheers D2C brands
Happy Thursday! Skyroot is eyeing a big funding round as it gears up to scale rocket production. This and more in today’s ETtech Morning Dispatch.
12,700 tech professional return from US in 9 months
The data sourced from staffing firm Xpheno shows that the numbers have been steadily going up, from 7,200 in 2023 and 9,800 in 2024. The figures track white-collar technology talent moving along the India-US corridor and are not limited to H-1B visa holders.
There could be a pretty big global shock, says Nobel laureate & economist Michael Spence
Michael Spence highlights the economic growth of India and China, noting India's potential growth trajectory. He emphasizes India's advancements in digital infrastructure, particularly in digital financial services like UPI. Spence discusses the significance of AI in economic development and its anticipated impact over the next decade. He warns of potential economic shocks due to rising debt levels and high market valuations.
How Trump's war on EVs derailed America's auto-factory revival | Explained
US electric vehicle projects and jobs face setbacks due to policy shifts. Automakers canceled billions in investments and thousands of jobs were lost. Many affected states supported Donald Trump in the 2024 election. This situation contrasts with China and Europe's EV market growth. The industry now focuses on energy storage batteries and gasoline vehicles.
Trump pledged fiscal restraint. Instead, debt tops $40 trillion as borrowing costs rise
US debt: While voters may not focus on the issue until the country's fiscal problems translate into benefit cuts or tax hikes, the fallout hits them just the same in the form of high mortgage interest rates that track yields on government debt and inflation outpacing wage hikes.
Fervent and fake: High-glam AI avatars boost Trump ahead of midterms
Clad in swimsuits or military fatigues, the blonde women lavish praise on President Donald Trump and tear into his rivals -- but these influencers are AI-generated, flooding tech platforms with fervent political messaging ahead of the US midterm election.
Bounty hunters and AI are helping ICE find immigrants in the US
US authorities are increasingly using private contractors and advanced AI to locate immigrants, a system dubbed 'skip tracing'. These firms, often with intelligence backgrounds, receive tens of thousands of names monthly to verify locations for potential enforcement. Financial incentives for speed raise concerns about accuracy and accountability in this expanding surveillance model.
Cabinet clears Rs 30,640 crore package for connectivity, immigration revamp, climate targets
India is set to boost regional air travel with the revamped UDAN 2.0 scheme. This initiative will develop 100 new airports and 200 helipads, focusing on tier-2 and tier-3 cities. Additionally, the IVFRT 3.0 scheme will modernize immigration and visa processes. These combined efforts aim to improve connectivity and ease of travel for all.
Google workers speak out in open letter against company’s links to immigration crackdown
Nearly a thousand Google employees have signed an open letter. They are calling for transparency on contracts with ICE and CBP. Employees are appalled by violence in immigration enforcement. They want Google to sever ties with these agencies. This push comes amid broader tech industry unrest.
Level playing field? Tech at forefront of US immigration fight
Technology is now a major battleground between US authorities and migrants. Immigration and Customs Enforcement is spending millions on surveillance tools. Activists are developing apps like TurnSignl to protect migrants. This app connects users to immigration lawyers and records encounters. Corporations are offering subscriptions as employee benefits. The fight for the upper hand is on.
Inside ICE's $30 mn deal with Palantir to track immigrants’ movements using AI
US Immigration and Customs Enforcement (ICE) is partnering with Palantir Technologies to develop ImmigrationOS, an AI platform for identifying and deporting suspected noncitizens. The $30 million system, slated for prototype delivery by September 2025, will consolidate government data to flag individuals for enforcement.
Palantir to create vast federal data platform tying together millions of Americans' private records, stock jumps
Palantir to create vast federal data platform that connects millions of Americans’ private records under a powerful AI system. Backed by the Trump administration, Palantir’s new deal links Social Security, IRS, and immigration data into one centralized system. It uses its Gotham software to flag fraud, track behavior, and potentially shape government decisions. While Palantir stock jumped 5.38% after the news, privacy advocates are raising concerns about surveillance and misuse.
AI will help make 'life-or-death' calls in rammed UK asylum system
The governing Labour party has pledged to hire more asylum caseworkers and set up a new returns and enforcement unit to fast-track removals for applicants who have no right to stay. At the end of 2024, the government had 90,686 asylum cases awaiting an initial decision, official data showed.
How AI is aiding Trump's immigration crackdown
Under President Trump, the U.S. is increasing its use of AI and surveillance to track and arrest immigrants, raising concerns about accuracy and privacy. Agencies like DHS and CBP are using tools like facial recognition and social media monitoring to track immigrants and justify warrants.
With all the debate around H-1B visa, is the American Dream under threat for Indians?
The H-1B visa program, crucial for skilled professionals to work in the US, is facing heated debate amid political tensions and immigration policy controversies involving key figures like Trump and Musk. Stricter regulations and uncertainties are now driving many to consider alternate countries like Canada and Australia for stable career opportunities.
Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration
While immigration officials have used the tech for years, an October letter from the Department of Homeland Security obtained exclusively by The Associated Press details how those tools - some of them powered by AI - help make decisions over whether an immigrant should be detained or surveilled.
Surveillance tech advances by Joe Biden could aid in Donald Trump's promised crackdown on immigration
The incoming Trump administration is poised to leverage AI-powered tools, including a "Hurricane Score" algorithm and the SmartLINK surveillance app, to escalate immigration enforcement. These technologies, already employed by the Biden administration, assist in tracking, detaining, and deporting immigrants. Civil rights groups express concerns about fairness and data privacy, while private prison companies anticipate increased demand for their services.
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