AI Stocks Accelerate Tech Bull Market, And Bubble Perhaps just because of investor enthusiasm for artificial intelligence, a serious rally in US tech stocks – one way or another – has erupted. Since the beginning of the year, the Nasdaq 100 index has grown in corporate value by more than $4 trillion, a particularly rapid rise in wealth, even by the standards of pandemic-era frenzy. Since the beginning of the year, the Nasdaq 100 index has grown in corporate value by more than $4 trillion, a particularly rapid rise in wealth, even by the standards of pandemic-era frenzy. The market for generative AI itself could expand more than 40% to reach $1.3 trillion by 2032, according to Bloomberg Intelligence. Capital spending on AI can go well beyond the traditional tech industry. Jennifer Chan, portfolio manager at Schaefer Cullen Capital Management, said healthcare and pharmaceutical companies are discussing using the technology to shorten research timelines. Government regulates AI and other technologies against potential harm to users: MoS IT Allays concerns about job losses from AI development , said that it can happen after that. 5-7 years. Electronics and IT Minister Rajeev Chandrasekhar announced that the government will enforce regulations on technologies such as artificial intelligence given the potential harm they may cause to users. The minister said that under the parliamentary-led UPA government, Section 79 of the IT Act was introduced, giving free rein to big tech platforms, but the current government has introduced rules that hold big tech companies accountable. . ChatGPT Helps Indian IT Firms Win More Projects and Hire More: CEA Anantha Nageswaran These AI Sources Increase Employee Productivity and Firms Assign Fewer Heads to Projects If you can do it, it also means you can take on a lot more work. I have more projects than before. If you can upskill your workforce to take advantage of these new tools, interventions and innovations, this could be a win-win proposition. Sources of artificial intelligence like ChatGPT could prove beneficial for developing countries like India, as IT companies are more capable and able to take on more projects and create more jobs. India’s chief economic adviser V Ananta Nageswaran said. Given India’s rise from a lower-middle income country to a middle-income country, ChatGPT will open up the ability and potential of IT-enabled companies to tackle more projects. However, it could affect some sectors and job creation at a later stage. The chief economic adviser said India would need a multi-faceted approach to limit its negative impact.
