DISCRIMINATION IN AI
Is the AI wheel broken? Julius Baer flags 3 variables shaping AI investments ahead of Anthropic IPO
Anthropic’s proposed $1.4 trillion IPO valuation will put the economics of the AI industry under the spotlight. Julius Baer analysts identify three key variables investors should watch: demand growth, pricing power and computing costs. The listing could also establish a valuation benchmark for OpenAI’s expected 2027 IPO.
Who is Joon H. Kim? Meet the former US Attorney leading the Nvidia-Jensen Huang investigation
Nvidia's CEO Jensen Huang confirmed his extramarital relationship, prompting the board to initiate an investigation. This inquiry is centered on his ties with Alice Huang, a Chinese national allegedly involved in intelligence operations. Joon H. Kim, a former acting U.S. attorney, will oversee the probe. In parallel, Nvidia faces a lawsuit alleging they misled investors about this relationship, while concerns about China's access to their technology amid U.S.
Could anti-Indian rhetoric cost Republicans South Asian votes in the 2026 US midterms?
As the 2026 US midterm elections approach, anti-Indian and anti-South Asian sentiments could sway former Trump voters towards Democratic candidates, with a recent survey showing 25 per cent considering a switch. The rise in discrimination and negative immigration rhetoric highlights the growing concerns within South Asian communities, impacting party support and presenting challenges for Republicans, while Democrats seek to capitalise on discontent.
Who guards India’s digital gatekeepers?
India has built effective digital systems that facilitate money transfer and identity verification across its diverse population. However, there are ongoing challenges regarding accountability and transparency in government digital platforms. Many argue that mechanisms like competition law may not be suitable for all government services.
Female AI assistants were paid less money than male ones despite identical skills. What explains this gender pay gap?
Two AI assistants had the same skills, performed identical tasks and used the same technology. Yet, when 189 people were asked to reward them for their work, one received 10.25% less money than the other. The only key difference was how the assistants appeared. This study has raised questions about why gender bias persisted even when people were evaluating machines, and what this could mean as AI assistants become part of everyday working life.
(Good) poetry can hone AI-HI skill sets
The recent Nobel Prize in Literature awarded to Anne Carson highlights a pivotal truth: poetry nurtures human intelligence. It acts as a vital exercise in cognitive skills such as interpretative flexibility and focus. In an age where AI is rapidly advancing, the ability to engage meaningfully with poetry sets individuals apart, enhancing their creative prowess.
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India flags double standards on human rights, says UNHRC lacks focus on terror victims
India reaffirmed its dedication to human rights during the 63rd session of the UN Human Rights Council. The country emphasized the need for equality and voiced concerns regarding victims of terrorism. Furthermore, India highlighted its commitment to global governance reform and the welfare of its diaspora abroad. The nation's position on climate change and artificial intelligence was also discussed during the session.
India’s AI rules take shape; TCS profit jumps 15%
The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
Growth hinges on local reforms, not protectionism: Indermit Gill
India holds a unique opportunity to enhance its economic growth but must address internal challenges effectively. Rapid reform and the efficient use of resources are key to achieving this growth. The country needs to adopt artificial intelligence to improve productivity across various sectors. Expanding trade and eliminating barriers will be essential for attracting foreign investment. Policymakers must focus on enhancing domestic conditions to fully realize India's economic potential.
ETMarkets Smart Talk| Rising US yields could hit expensive mid, smallcaps harder: Harish Krishnan
In an interaction with Kshitij Anand of ETMarkets, Harish Krishnan, CIO – Equity, Aditya Birla Sun Life AMC, discusses the risks and opportunities in the broader market, why investors should not confuse momentum with quality, and why earnings, cash flows and return on capital will become increasingly important.
Predicting FII flows akin to predicting mood swings: DSP MF CIO Anish Tawakley
At any point in time the market is influenced by multiple factors and it is impossible to attribute performance across those factors. I focus on earnings rather than flows. I would caution anyone against basing investing decisions based on flows for three reasons.
80 years, no woman at the top: UN chief race tests its gender-equality promise
Calls for a female UN leader are growing as the agency faces ongoing gender equality challenges. Experts indicate it may take 171 years to achieve true gender parity globally. Several nations expressed the need for women to hold leadership roles during recent discussions. Notably, women currently represent only 22% of positions in the AI sector, reflecting ongoing disparities.
AI trade enters a new phase: Why DBS favours AI adopters over capex-heavy players
DBS says the AI investment theme is entering a selective phase as investors focus on companies converting AI adoption into productivity, stronger margins and durable revenue growth. The bank favours lower-capex AI adopters while maintaining exposure to infrastructure enablers.
Spanish PM Sanchez says AI industry cannot be self-regulated
Governments worldwide are racing to set rules for AI as concerns grow over privacy, discrimination, job losses, misinformation and the concentration of computing power among a handful of tech giants.
IIT Bombay calls Director Kedare's resignation news false, says Sahil's death details under probe; Dean Doolla removed
IIT Bombay Director Prof Shireesh B. Kedare has not resigned, and the institute apologized for its earlier communication. The circumstances surrounding student Sahil Ravindra Wakode's death are still under investigation by authorities. Dean of Student Affairs Prof Suryanarayana Doolla has been removed pending further investigation. Wakode's family alleges institutional harassment and caste discrimination, leading to an FIR against Prof Doolla.
Crime Branch takes over IIT Bombay student death probe; family alleges caste harassment, institute denies
Mumbai Crime Branch is investigating the suicide of an IIT Bombay student. The student was found dead after being caught using a mobile phone during an exam. His family alleges mental torture and caste-based harassment by a faculty member. The institute stated no disciplinary action was initiated against the student. The probe will determine the cause of the student's death.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
Global Fintech Fest: Kissht’s Next Phase of Growth Means Becoming a Broader Financial-Services Company, Not Just a Lender
A customer base of more than 12 million, rapidly diversifying product suite, and AI integration at enterprise scale perfectly positions digital lender Kissht to become a financial services company with a broad range of products and services. The company’s Founder & CEO, Ranvir Singh, says financial prudence and deeper understanding of the customers was a necessity moving forward. He spoke to ET at the Global Fintech Fest. Read on!
Amazon faces class action alleging widespread discrimination against pregnant workers
Amazon faces a nationwide class action lawsuit alleging discrimination against pregnant workers. The suit claims the company denied basic accommodations and fired employees for taking time off. One plaintiff was fired after a hospitalization for a pregnancy-related emergency. Amazon states it provides accommodations to tens of thousands of employees annually. The lawsuit seeks lost pay, punitive damages, and an injunction against discrimination.
China's top court posts guidelines on deepfakes, AI disputes
In a significant move, China's leading court has released new guidelines aimed at mitigating risks linked to artificial intelligence. This legislation confronts issues such as unauthorized use of deepfakes and voice cloning without consent while also tackling algorithmic pricing strategies and false information generated by AI. It establishes accountability for service providers regarding infringing content, reinforcing the importance of security alongside AI advancements.
AI regulations should be nimble to boost innovation: Principal Scientific Advisor Ajay Sood
India's top scientific advisor advocates for agile AI regulations that foster innovation. New amendments to the IT Act 2021 address risks from artificial intelligence and deepfakes. The government prioritises innovation for inclusive growth and developing India by 2047. Existing laws will be strengthened to ensure public safety and fundamental human rights.
OpenAI pays $3.2 million in US probe over hiring foreign workers
The Justice Department in a release said that OpenAI and Statsig, which makes product development software, recruited foreign workers for some open positions and took various steps to discourage US workers from applying. That included requiring them to mail paper applications instead of submitting electronic ones, advertising jobs on the radio late at night, and not posting the openings on an external website, the Justice Department said.
Workday must face California lawsuit over AI bias in job screening tools
US District Judge Rita Lin in San Francisco rejected California-based Workday's claim that the state's anti-discrimination laws do not apply when it screens people based outside California who are applying for jobs in other states and countries.
Mallikarjun Kharge raises workplace caste discrimination in Rajya Sabha
During Zero Hour in the Rajya Sabha, Leader of Opposition Mallikarjun Kharge raised concerns over caste-based discrimination at workplaces, citing recent incidents from Odisha, Madhya Pradesh, Gujarat and Chandigarh. He said such practices continue despite constitutional guarantees of equality and highlighted a case where a Dalit woman cook’s food at an Anganwadi centre in Odisha was refused by some families.
First major attempts to regulate AI face headwinds from all sides
Lawmakers are tackling AI bias challenges with impact assessments, supported by industry groups like TechNet. Concerns exist over companies self-reporting discrimination risks, highlighting the need for transparency and accountability.
Joe Biden to sign executive order regulating Federal AI use
The 111-page draft copy, dated October 23, leverages the government’s position as a top customer for tech companies such as Microsoft Corp and Amazon.com to drive changes in their AI products, by requiring developers of powerful AI systems to report their training and testing processes to the federal government.
Racist, sexist, casteist: Is AI bad news for India?
With a population of 1.4 billion powering the world's fifth-biggest economy, India is undergoing breakneck technological change, rolling out AI-based systems - in spheres from health to education, agriculture to criminal justice - but with scant debate on their ethical implications, experts say.
ETtech Explainer: warnings aplenty against AI chatbot biases, ignore them at your own peril
The biases can have serious consequences. for individuals and communities, particularly those who have historically faced one or other type of discrimination. Biased algorithms, for instance, can lead to unfair lending practices, or unjust arrests and convictions.
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