From Deccan Chronicle
Owned by Deccan Chronicle HoldingsAI Can Boost Productivity With Impact on Jobs: Moody's
What's behind this
AI capital expenditure in the United States is projected to reach 3.6% of GDP, a level described by SBI Mutual Fund as surpassing the scale of the dot‑com bubble. According to Livemint, AI investment is spurring growth while also raising borrowing and long‑term bond yields, and investors are questioning whether future revenues will justify the unprecedented spending. Deccan Chronicle adds that financial institutions are adopting AI, with researcher Sathish Ramareddy stressing the need for data reliability, explainability and accountability in intelligent financial systems. Earlier coverage noted AI‑driven initiatives such as Kutlerri.ai’s effort to help U.S. restaurants increase revenue and cut costs.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
RSS excerpt
In its Global Emerging Markets outlook 2027 report, Moody's also said that for most emerging markets, inadequate access to computing capacity, digital infrastructure and skills could increasingly determine their ability to capture AI-related gains
