Slate
진보 성향
IT/기술
Investors Can’t Escape AI’s Clutches
Guest host Mary Childs explains why index funds are bending their rules and giving investors little choice but to opt into the AI boom.
IT/기술 · "FUNDS" · 총 20건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 88,960건을 분석한 결과, 뉴스 심리지수는 50.2(균형)입니다. 긍정 4,335건(4.9%)·중립 82,454건(92.7%)·부정 2,171건(2.4%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 14.9(중도 균형)입니다.
Guest host Mary Childs explains why index funds are bending their rules and giving investors little choice but to opt into the AI boom.
Global cloud software company Teradata has told its 5,100 employees they will not receive annual salary raises this year as it redirects funds toward AI investments. The post Chips over People: Cloud Software Company Freezes Annual Salaries to Fund AI Investment appeared first on Breitbart.
SAG-AFTRA members have ratified a four-year contract with the major studios, which includes new provisions on synthetic actors and a merger of the union’s two pension funds. Of those who cast ballots, 91.4% voted in favor of the contract and 8.6% were opposed. Turnout was 19.3% of eligible members. The contract allows producers to use […]
The ride-hailing company made an unreported follow-on investment in Nuro larger than its first, with remaining funds tied to driverless testing and passenger milestones
As geopolitical headwinds make it tougher for equity investors to make money, Dalal Street’s top voice Nilesh Shah, managing director of Kotak Mahindra Asset Management, told a gathering of HNI investors at the ET Alpha Wealth Summit on Thursday that there are four specific investment structures which deserve a place in most portfolios right now.Shah’s first recommendation was the Special Investment Fund, or SIF, a structure that marks a meaningful shift in what is available to Indian investors. Shah noted that the mutual fund industry has, until now, been a long-only business but the SIF changes that. These are long-short, absolute return-oriented funds, designed to generate returns regardless of market direction rather than simply riding the equity tide.The second vehicle Shah flagged is performing credit AIFs. His reasoning was grounded in a simple supply-demand observation that for corporate settlements today, capital is not available from banks, mutual funds, or insurance companies.As institutional lenders have stepped back, borrowers are plenty and lenders very few. Amid this imbalance, Shah said the need is real and returns are attractive. Performing credit AIFs, which lend into this gap, are positioned to benefit directly from the scarcity of competing capital.https://youtube.com/shorts/Xa4AcXFg8hA?feature=shareThe third idea was REITs, and here Shah introduced a timing element. Over the last three years, REITs have delivered index-level returns of around 13.5%. But with interest rates rising, he suggested that the next six to nine months may present an opportunity to enter at better prices. Rising rates typically compress REIT valuations in the near term, and Shah framed any such correction as a potential entry point rather than a risk to avoid. Beyond the return potential, he positioned REITs as a portfolio diversification tool as the asset class behaves differently from equities and fixed income, and that is still underrepresented in most Indian investor portfolios.The fourth recommendation addressed global diversification but came with an important caveat. Mutual fund industry limits for overseas investment are currently full, which means the conventional route for Indian investors to access global markets through domestic mutual funds is closed. Shah pointed to Gift City as the workaround. Structures domiciled there allow investment under the Liberalised Remittance Scheme, and in his view, these Gift City-based LRS products are the practical path for investors who want global exposure while the mutual fund window remains shut.Across all four — the SIF, performing credit AIFs, REITs, and Gift City products — Shah's underlying argument was the same: in a volatile period, the portfolio needs instruments that can generate positive returns through means other than a rising equity market.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
The legendary abandons its more than 20 year tradition of keeping its funds to about $425 million.
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Many salaried taxpayers are already gearing up to submit their returns, hoping to finish the process early, receive refunds sooner or avoid the usual rush closer to the deadline. But before rushing to file, there is one crucial question taxpayers should consider.
Mumbai: Information technology stocks surged on Monday, dodging a weak broader market, with the Nifty IT index closing at its highest level since April 23, as attractive valuations and recent AI-led partnerships drew investor interest and prompted traders to build some fresh long positions.The Nifty IT index advanced 2.7%, its strongest single-day gain in nearly two weeks (since May 19), even as the benchmark Nifty declined 0.7%. Tech Mahindra, Infosys and LTM rose 3.7% each, while Persistent Systems gained 3.6%. Coforge and Oracle Financial Services Software advanced 2.6% and 2.1%, respectively."Indian IT firms are following suit of American companies like Anthropic and OpenAI by taking up contracts and tie-ups which are perceived as promising by investors," said Gaurav Sharma, head of Research, Globe Capital.Wipro's expanded Agentic AI partnership with ServiceNow and Coforge's acquisition of Encora have helped ease concerns that had weighed on the sector earlier due to AI-linked disruption fears.The rebound comes after a sharp underperformance this year. The Nifty IT index has fallen over 21% so far in 2026, compared with a 10.5% decline in the benchmark Nifty. The recent momentum has turned positive, with the IT index gaining about 3% over the past week, while the Nifty has fallen 2.7%.131452365"The open interest has doubled in the past couple of months in large-cap IT stocks, indicating a huge build-up of short positions," said Jay Vora, Technical Analyst, Mirae Asset Sharekhan. "On Monday, while short positions remained as is, traders built fresh long positions in the space."Vora said that a more meaningful short covering rally would require stocks to move above key technical levels, with most large-cap names currently 2-3% below their 40-day exponential moving averages."There are short positions in the midcap IT companies as well, but it is not as significant as the large caps," he said.The rebound in IT shares is also on account of valuations falling below 10-year averages following the recent sell-off."Large-cap names like TCS and Infosys are trading at mouthwatering levels, close to 16-17 times Price to Earnings, while midcap companies like Coforge, Oracle and Mphasis are around 20-30 times PE, which are attractive," Sharma said.While near-term volatility may persist, valuations remain compelling over a two-to-three-year horizon, he said. Sharma's top picks are OFSS, Tech Mahindra, Coforge and Mphasis, and recommends IT Exchange Traded Funds for retail investors.The momentum favours IT stocks now, though the index is nearing key hurdles."Technically, the Nifty IT index has immediate support established at the 29,300-28,900 zone, while initial resistance is positioned at 30,500, with a broader multi-week position of 31,200," said Nischal Jain, Quant Researcher, Share.Market by PhonePe.Sharma said the Nifty IT index is on the verge of a breakout from an inverse head and shoulder pattern, which could extend the rally towards 31,500.
The Google parent company plans to raise the funds by selling stock.
Artificial intelligence is getting expensive — and companies are starting to rethink their embrace of the disruptive technology. Playing by a well-worn Silicon Valley playbook, AI companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene. Kevin Simback of startup incubator Delphi Labs calls it the era of “subsidised intelligence” — meaning investors were basically footing the bill so companies could offer AI on the cheap. “But the tides are beginning to turn,” Simback warned and an era where the big AI companies actually need to make money has begun — with leaders OpenAI and Anthropic looking to go public and attract main street investors later this year. Prices are rising across the board, and one big reason is AI agents. Unlike a chatbot that just answers questions, agents actually do things — book appointments, write code, manage files. And they’re expensive to run, because one task can spin up dozens of agents all working at once, each racking up charges. Those charges are measured in tokens — the basic unit AI companies use to bill customers. A single agent-powered task can burn through dozens of times’ more tokens than a simple chat message. Meanwhile, the computer chips and data centres needed to power all this AI can’t keep up with demand, creating computing shortages and adding further uncertainty to the nascent industry. “Especially in developer circles, the cost to use AI for things like coding has grown exponentially,” said Mark Barton of tech consultancy Omniux. “All the costs are really starting to skyrocket.” Some companies have been so eager to use AI that they’ve gone overboard in a usage binge called “tokenmaxxing”. “In some cases, people are seeing the cost of tokens exceed the cost of the employee within a month or two of use, just because they’re using it too much,” says analyst Jack Gold of J.Gold Associates. Smarter spending Even Meta — which earlier this year encouraged employees to use as many tokens as possible as a measure of productivity — has had second thoughts. “Nobody should be using AI tools just for the sake of using them,” chief technology officer Andrew Bosworth wrote in a memo to staff, reported by the Wall Street Journal. Uber’s chief operating officer this week went a step further, raising eyebrows by saying all this AI spending was showing no noticeable increase in productivity. To cut costs, some companies are switching to free, open-source AI models that anyone can download — not as powerful as ChatGPT or Anthropic’s Claude, but good enough for many tasks. Others are moving to smaller, more specialised models built for specific industries like real estate or finance, rather than giant general-purpose ones. And some are simply breaking big AI tasks into smaller steps, handing each piece to the cheapest model that can handle it. The price difference can be dramatic. “The big large monolithic model, it’s $15 per million tokens, but you can get that down to like five cents if you use the smaller mini model,” says Adrian Balfour of consultancy Enverso. All of this points to AI becoming more like a commodity — where the specific model matters less than finding the right one at the right price. But don’t count out the big players and their state-of-the-art models just yet. “The most advanced users” will always be willing to pay for the best, says John Belton, a portfolio manager at Gabelli Funds. “It’s a growing pie.”
Artificial intelligence is getting expensive — and companies are starting to rethink their embrace of the disruptive technology. Playing by a well-worn Silicon Valley playbook, AI companies charged rock-bottom prices to hook customers after ChatGPT burst onto the scene. Kevin Simback of startup incubator Delphi Labs calls it the era of “subsidised intelligence” — meaning investors were basically footing the bill so companies could offer AI on the cheap. “But the tides are beginning to turn,” Simback warned and an era where the big AI companies actually need to make money has begun — with leaders OpenAI and Anthropic looking to go public and attract main street investors later this year. Prices are rising across the board, and one big reason is AI agents. Unlike a chatbot that just answers questions, agents actually do things — book appointments, write code, manage files. And they’re expensive to run, because one task can spin up dozens of agents all working at once, each racking up charges. Those charges are measured in tokens — the basic unit AI companies use to bill customers. A single agent-powered task can burn through dozens of times’ more tokens than a simple chat message. Meanwhile, the computer chips and data centres needed to power all this AI can’t keep up with demand, creating computing shortages and adding further uncertainty to the nascent industry. “Especially in developer circles, the cost to use AI for things like coding has grown exponentially,” said Mark Barton of tech consultancy Omniux. “All the costs are really starting to skyrocket.” Some companies have been so eager to use AI that they’ve gone overboard in a usage binge called “tokenmaxxing”. “In some cases, people are seeing the cost of tokens exceed the cost of the employee within a month or two of use, just because they’re using it too much,” says analyst Jack Gold of J.Gold Associates. Smarter spending Even Meta — which earlier this year encouraged employees to use as many tokens as possible as a measure of productivity — has had second thoughts. “Nobody should be using AI tools just for the sake of using them,” chief technology officer Andrew Bosworth wrote in a memo to staff, reported by the Wall Street Journal. Uber’s chief operating officer this week went a step further, raising eyebrows by saying all this AI spending was showing no noticeable increase in productivity. To cut costs, some companies are switching to free, open-source AI models that anyone can download — not as powerful as ChatGPT or Anthropic’s Claude, but good enough for many tasks. Others are moving to smaller, more specialised models built for specific industries like real estate or finance, rather than giant general-purpose ones. And some are simply breaking big AI tasks into smaller steps, handing each piece to the cheapest model that can handle it. The price difference can be dramatic. “The big large monolithic model, it’s $15 per million tokens, but you can get that down to like five cents if you use the smaller mini model,” says Adrian Balfour of consultancy Enverso. All of this points to AI becoming more like a commodity — where the specific model matters less than finding the right one at the right price. But don’t count out the big players and their state-of-the-art models just yet. “The most advanced users” will always be willing to pay for the best, says John Belton, a portfolio manager at Gabelli Funds. “It’s a growing pie.”
This year’s Forbes 30 Under 30 Asia list recognises seven Pakistanis for their contributions in various fields, ranging from technology to media. Forbes describes them as “changemakers in 10 categories who are transforming their industries”. Syed Ismail Syed Ismail, cofounder of Karachi-based Saraaf. — photo courtesy Forbes Listed in the ‘consumer and enterprise technology’ category, Syed Ismail cofounded Karachi-based Saraaf in 2021 to “digitise commodity sourcing and bring more transparency to it”. The company is set to launch a mobile app for “businesses sourcing materials such as onyx and cotton from Central and South Asia, with real-time pricing, shipment tracking, digitised contracts and live chats”, Forbes notes. In 2024, Saraaf also secured a $5.3 million investment commitment from Shark Tank Pakistan. Founders of Plouton AI Sarfraz Shahid Hussain (L) and Muhammad Furqan Karim Kidwai (R). — photo courtesy Forbes Muhammad Furqan Karim Kidwai and Sarfraz Shahid Hussain secured a spot in the ‘finance and venture capital’ category for having co-founded Singapore-based Plouton AI. The venture was described as an “agentic automation platform that helps midmarket companies automate finance workflows”. It “uses auditable browser-based agents to run finance workflows, such as invoicing, payroll processing and month-end reconciliation, within existing tools like Xero, QuickBooks and Excel”, saving companies from buying costly software. According to Forbes, Kidwai “saw how finance teams in many emerging markets still rely on spreadsheets and emails”, prompting him to launch a fintech company. The two Habib University graduates had previously also co-founded fintech startup YPay Financial Services, which offered an app for people to invest digitally in mutual funds. Maheera Ghani Maheera Ghani, a PhD graduate from Cambridge University. — photo courtesy Forbes Maheera Ghani graduated from Cambridge University in 2025 with a PhD in materials science and is currently doing postdoctoral research at Cambridge on ultra-thin semiconductors. Forbes highlighted that the WinSci Pakistan education project, led by Ghani, won the Nature Inspiring Women in Science award from the Estée Lauder Companies and Springer Nature for “her efforts to encourage women to pursue careers in science”. Commenting on her featuring on the Forbes 30 Under 30 Asia list, Ghani said: “Researching next-generation semiconductors at Cambridge University, innovating deep-tech technologies and working at the intersection of science, innovation, and leading impact has been an amazing journey filled with immense joy. “I am overwhelmed with gratitude and pride to represent my country on such a prestigious platform and this recognition means so much to me personally,” the scientist added. Fahad Shahbaz Fahad Shahbaz, who founded the Youth General Assembly in 2015. — photo courtesy Forbes Fahad Shahbaz founded the Youth General Assembly in 2015, when just 18 years old, to “create a pathway for young Pakistanis into leadership and policymaking”, Forbes wrote. The Youth General Assembly runs an annual 96-member assembly based on the UK parliament and mirroring the National Assembly, providing a platform for young participants to “debate public policy and produce recommendations”. Forbes mentioned Shahbaz was a 2023 recipient of the Diana Award and a member of the Pakistan Chapter of the World Economic Forum’s Global Shapers Community. He graduated with a Master of Laws degree from the University of Law in London. Reacting to his inclusion, Shahbaz wrote on X, “This recognition is not mine alone. It belongs to the people who believed in me, supported me and stood beside me throughout this journey.” He added that the “social impact category is built on service, responsibility and the belief that meaningful change begins with people”. “Pakistan’s greatest chapter is still being written and it is being written by its youth,” Shahbaz remarked. It should be mentioned that actress Hania Aamir and filmmaker Saman Kamraan landed spots on the prestigious Forbes 30 Under 30 Asia list in the entertainment category. Read about their accomplishments here.
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More than 30 years ago, in the mountain village of Mbem in northwest Cameroon, the moon and stars in the night sky were the only light young Jude Numfor knew after the sunset. Electricity had not yet reached his rural community. “There was one person in the village with a petrol generator and a small television,” Numfor says. “When he turned it on, all the children would run to his house and peep through the window.” That memory became the spark for Numfor’s mission: to bring electricity to rural communities like his hometown. To accomplish his goal, in 2006 he cofounded Wireless Light and Power, since renamed Renewable Energy Innovators Cameroon, and he serves as its CEO. REI Cameroon designs, installs, and maintains solar minigrids for rural electrification. The minigrids use photovoltaic technology and battery-energy storage systems to generate electricity at 50 hertz. The electricity is distributed through smart meters. In 2017 the company received a grant from IEEE Smart Village to fund the expansion of REI’s minigrid operations and refine its business model. Smart Village supports projects and organizations bringing electricity and educational and employment opportunities to remote communities worldwide. The program is supported by IEEE societies and donations to the IEEE Foundation. The partnership has led to a collaboration developing open source metering, a free, community-driven way of tracking energy usage. Unlike proprietary utility meters, the system allows users, researchers, and utilities to view, customize, and verify how data is collected, ensuring transparency in billing, consumption tracking, and grid management. Smart Village’s support has been pivotal, Numfor says: “It’s not just about money. We share ideas, we get advice, and we have made friends. Entrepreneurship is lonely, but with the [Smart Village] community, it is different.” From teenage tinkerer to entrepreneur Numfor’s first experience of life with electricity was in 2001, after moving in with a missionary family in the small village of Allat. They used solar panels to power their whole home—an unimaginable luxury in Mbem. “I could watch TV, eat ice cream, and turn on lights,” he says. “It made me wish my brothers in Mbem had the same opportunity.” Numfor’s curiosity about electricity was ignited when a motion-sensor solar light in the family’s home stopped working. He tinkered with the device to find out why. “My missionary family told me to play with it like a toy,” he says, laughingly. “I replaced the dead battery with a motorcycle battery and was able to bring the power back for the night.” Jude Numfor [right] testing a rechargeable solar lantern, which aimed to replace hazardous kerosene lamps—known locally as “bush lamps.”REI Cameroon His missionary parents encouraged Numfor to study technology and engineering on his own, as none of the country’s universities offered solar energy educational programs at the time. They built him a library and stocked it with books on engineering, management, and entrepreneurship. In 2006, armed with his new knowledge, Numfor launched Wireless Light and Power with a friend, Ludwig Teichgraber. The nonprofit aimed to replace hazardous kerosene lamps—known locally as “bush lamps”—with rechargeable solar lanterns. These solar lanterns—called “light packs”—were built locally by Numfor and a team of 11 young Cameroonians using PVC pipes, nickel-metal hydride batteries, and LED bulbs. Families rented the lamps for a small fee, swapping discharged lamps for fully charged ones at solar-powered charging kiosks when they ran out of power. The kiosks then recharged the depleted lamps, making them available for the next swap. “The solar lantern was safer and cleaner, plus it gave children a chance to read at night,” Numfor explains. “People loved them.” Between 2006 and 2010, his team replicated the model across several villages. But when the global financial crisis hit in 2008, donor support dwindled, forcing the organization to evolve. “We pivoted from being an NGO to a commercial venture,” he says. “That’s how REI was born.” Building solar minigrids to serve community needs The new company’s goal was to move away from the lanterns and toward full electrification of communities. Villagers’ aspirations changed, Numfor says, as they now wanted to power their TVs, music systems, and mobile phones. In response, in 2010, REI developed one of the first solar minigrids in West Africa. Using locally procured components, the prototype supplied steady power to six households. The minigrid system used 12 123-watt solar photovoltaic panels manufactured by Sharp, 16 12-volt 100 ampere-hour automatic gain control lead acid batteries, and a Xantrex charge controller and inverter. Locally sourced wooden light poles were erected to distribute electricity throughout the village. REI charged each household a fee for the electricity. “It was a product-market-fit moment,” Numfor says. “People immediately asked, ‘When can we get this, too?’” The word-of-mouth, grassroots growth caught the attention of global partners. Numfor connected with Smart Village and in 2017, REI Cameroon received its first seed grant from the program. With that funding, Numfor was able to grow organically and attract additional grants, including one from the U.S. Trade Development Agency (USTDA), in partnership with the U.S. Department of Energy’s National Renewable Energy Laboratory. REI has since expanded to six villages, providing power to more than 1,000 households and businesses. With a dedicated team of 16 people, the company operates in multiple regions of the country, each with unique terrain, languages, and cultural dynamics. “It wasn’t easy,” he acknowledges. “I’m not an academic person—I had to learn everything by doing. [Smart Village] helped me structure the project and grow as an entrepreneur.” Today, Numfor pays it forward by sharing his Smart Village experience and mentoring new entrepreneurs. Launching a coalition for smart metering Minigrids can’t operate efficiently without clarifying operating rules to ensure quality service requirements and consumer protection, while also enabling reliable and effective monitoring of the system, Numfor says. “We need to know how power is being used, detect problems early, and manage the minigrid from a distance,” he explains. Existing commercial smart-meter providers offer limited and proprietary solutions. One major provider left the market, making their technology infrastructure obsolete. “It’s risky for an entire sector to depend on a few companies for such a critical technology,” Numfor says. In 2025, with the help of the Smart Village technical community, Numfor convened a consortium of open-source power advocates, including the Africa Mini-Grid Developers Association, EnAccess, Energy IOT, and NESL. The goal was to develop an open smart metering system that is accessible, transparent, and sustainable for all energy providers. “These organizations are collaborating as Open Advanced Metering Infrastructure [OpenAMI], which is about giving control back to the people who deliver the energy,” he says. Scaling for impact Numfor’s passion has grown from bringing light to local rural communities to bringing light to his entire country. Just 54 percent of Cameroon’s citizens have access to electricity, according to the International Energy Agency. For Numfor, the challenge is not just technological—it’s social and economic as well. “Electricity is the most important enabler of education and economic growth today,” he says. “When you have power, you unlock everything else.” “Electricity changed my life. Now I want to make sure every child can grow up with that same light.” —Jude Numfor Across the villages where REI has installed sustainable electricity solutions, small businesses are flourishing. Barbershops hum with community chatter, food vendors can preserve perishables, and entrepreneurs run companies such as phone-charging stations and small mills. “Some villages even have laundromats now,” Numfor says proudly. “Electricity creates jobs and changes mindsets.” Still, it has been a bumpy journey. It wasn’t until 2025 that REI obtained its official authorization (license) from Cameroon’s government to produce and distribute electricity in off-grid areas using solar minigrids. This was a major milestone because REI is one of the first private enterprises in the country to receive such authorization. “We were stuck between pilot projects and growth,” he explains. “Our projects were successful, and there was community demand for more, but to grow, we needed investors who require legal guarantees before committing funds. Now we can scale up and attract investors.” REI plans to expand its reach dramatically, beginning with 134 new villages identified through a feasibility study supported by the USTDA. Their long-term goal is to electrify 760 villages across Cameroon by 2031. While authorization opens doors, financing remains one of REI’s biggest challenges. “The minigrid space doesn’t attract venture capitalists easily,” Numfor notes. “Our return on investment is under 15 percent, so it’s not a typical tech startup model. The real return here is the impact” on the community. He hopes to attract investors who understand that access to electricity drives education, health care, and entrepreneurship. “There are people out there who want to make meaningful change,” he says. “We just need to connect with them. When you electrify a village, you never know who the next innovator will be. Maybe it’s another kid like me, looking through a window, dreaming.” Finding skilled staff is another challenge, Numfor says. To address this, REI developed an intensive recruitment and training process. “It used to take years to find the right people,” he says. “Now, we can identify who fits our company culture within six months.” Numfor’s wife, Angela Taliklong, who joined the venture in 2010, now oversees administration and human resources. A brighter Cameroon and beyond Numfor offers simple words of advice to other impact-driven entrepreneurs: Keep moving. “One of my mistakes early on was trying to be perfect,” he says. “I was spending time improving prototypes instead of increasing the number of our project installations and scaling how many communities we could electrify. You must keep momentum. Don’t wait until everything is perfect before you move forward.” That mindset, rooted in resilience and experimentation, has defined his journey. Rajan Kapur, president of Smart Village, says Numfor is a “shining example” of the program’s vision: “scalable and enduring impact through local entrepreneurs, local procurement, and community engagement based on the use of IEEE technology in underserved communities.” With the ongoing Smart Village partnership, Numfor is determined to bring light and opportunity to every corner of Cameroon, and beyond. He already has launched REI Nigeria. “Electricity changed my life,” he says. “Now I want to make sure every child can grow up with that same light.”