India's middle class faces stagnant real income growth and rising debt amid surging consumption driven by credit expansion, while automation poses further job loss risks. Simultaneously, growing income inequality and targeted political assistance to lower-income groups have significantly advantaged the ultra-rich, reshaping market dynamics towards premiumization.
Finance expert Akshat Shrivastava, founder of Wisdom Hatch, has issued a stark warning about the impact of artificial intelligence (AI) on India's economy. He argues that AI is rapidly eroding India's long-standing advantage in high-end human labor, which has been a key driver of its economic growth in recent decades.
AI-powered search engines are sending significantly less traffic to publishers compared to traditional search engines, raising concerns about fair compensation for content creators and the potential for an "AI slurry" of low-quality information. The industry must find ways to balance innovation with fair compensation for content creators to ensure the sustainability of digital journalism and the quality of information online.
Microsoft is actively developing its own AI reasoning models, known as "MAI," to reduce its reliance on OpenAI and enhance its AI capabilities. This move could significantly impact the AI ecosystem by challenging OpenAI's dominance and giving businesses more flexibility in integrating AI-powered solutions.
Elon Musk, appointed by President Trump to head the Department of Government Efficiency (DOGE), is not a DOGE employee and has no decision-making authority, according to a White House court filing. Despite Trump's repeated claims, Musk's role is limited to advising the president and communicating his directives, similar to other senior White House advisors.