AI is exposing cracks in India’s growth story as it hits high-paying IT jobs

AI is exposing cracks in India’s growth story as it hits high-paying IT jobs

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Over the past two decades, India’s IT sector has been driving a consumption boom that has in many ways anchored the India growth story….

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We’re raising our price target on Amazon by  after killer quarter

We’re raising our price target on Amazon by $50 after killer quarter

Shares of Amazon rose after the tech giant reported stronger-than-expected first-quarter results, driven by a continued acceleration of growth in its Amazon Web Services unit. Revenue increased 17% year over year to $181.52 billion, beating the consensus analyst estimate of $177.3 billion, according to LSEG data. Earnings per share based on generally accepted accounting principles…

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Inside James Wood’s Low-Key Presence and High-Impact ‘Sky’s The Limit’ Bat

Inside James Wood’s Low-Key Presence and High-Impact ‘Sky’s The Limit’ Bat

NEW YORK – Sitting on a gray couch in the Citi Field visitor’s clubhouse, James Wood studied a 64-square checkerboard.  This was the 23-year-old outfielder’s second game of chess of the afternoon. Moments before, Wood had just said the magic word — checkmate — to shortstop CJ Abrams, defeating his Washington Nationals teammate before moving…

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Investors trust Google more than Meta when comes to spending on AI

Investors trust Google more than Meta when comes to spending on AI

Sundar Pichai, CEO of Alphabet. Source: Alphabet Meta and Alphabet both beat expectations in their earnings reports on Wednesday, each recording their fastest growth in years. They also lifted their guidance for capital expenditures for the year, telling investors that they’re going to keep pouring money into artificial intelligence infrastructure. But despite their similarly upbeat…

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China factory activity tops expectations in April — but growth slows as new orders soften

China factory activity tops expectations in April — but growth slows as new orders soften

Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images China’s factory activity topped analysts’ expectations, albeit growth slowed from the prior month when it hit a year-high, as new orders saw a slowdown. The…

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