AI bubble fears grow as Gita Gopinath flags risks

Former IMF chief economist Gita Gopinath has warned that the global AI investment boom could face a significant correction as companies struggle to justify soaring valuations and massive spending….reports Asian Lite News Desk Former International Monetary Fund (IMF) chief economist Gita Gopinath has warned that the global artificial intelligence (AI) investment boom could face a significant market correction, cautioning that companies may struggle to generate sufficient profits to justify the massive investments being poured into the technology. She said the timing of such a correction remains uncertain but highlighted the risks posed by fierce competition, soaring valuations and the interconnected

PoK violence: JAAC demands end to Pakistani crackdown

Fresh violence in Pakistan-occupied Kashmir has prompted the Joint Awami Action Committee to demand an immediate halt to alleged Pakistani security force operations against civilians…reports Asian Lite News Desk The Joint Awami Action Committee (JAAC) has called on Pakistani authorities to immediately halt firing, the alleged use of excessive force and intimidation of civilian communities in Pakistan-occupied Kashmir (PoK), amid escalating violence in the region. The demand comes after several people, including women and children, were reportedly killed and dozens injured in

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Ambani’s Jio launches $3.2bn share sale in India

Jio Platforms, the digital and telecommunications business controlled by Mukesh Ambani’s Reliance Industries, has launched a $3.2 billion initial public offering, expected to become India’s largest share sale. The offering comes amid

Philip Morris Warns of Rising Costs From Global Conflicts

The tobacco giant beat third-quarter profit forecasts but warned that Middle East-related inflation and disruptions in Ukraine are increasing costs and could weigh on operating income, reports Asianlite News Desk. Philip Morris International has warned that global conflicts are increasingly

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Anupam Kher announces 556th film

The veteran actor says his latest international project has reminded him that cinema transcends language and cultural differences…reports Asian Lite News Desk Veteran Indian

Nana Patekar passes away at 75

Veteran actor Nana Patekar, celebrated for his powerful performances in Hindi and Marathi cinema, has died aged 75 in Goa…reports Asian Lite News Desk

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US Bans DeepSeek from Government Systems

Washington has barred Chinese AI technology from civilian government agencies, citing wider concerns over security and competition as the US seeks to maintain its lead in artificial intelligence, reports Asianlite News Desk. The United States has ordered the removal of
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