Welcome back to the World Brief, the flagship newsletter of The Viyug delivered to you directly from the Editor’s desk, catching you up on 24 hours of news in five minutes. In today’s edition of the newsletter we’re looking at whether growth of artificial intelligence industry is boom or bubble followed by American businesses bracing up for Trump 2.0, trade tensions disturbing EV industry and ending with updates on Russia-Ukraine conflict and France’s government.
Cover Story
The artificial intelligence (AI) industry was caught between euphoria and caution. Alphabet (Google), Amazon, Meta and Microsoft raced to invest, spending nearly $200 billion on AI infrastructure. Nvidia, the leader in AI-chip production, reaped gigantic rewards. Sales of such chips are expected to have doubled in 2024, driving its valuation to nearly $3.4 trillion. Demand for AI servers surged: firms such as Dell and HPE reportedly doubled their sales. But cracks began to show. The soaring energy costs of training and running generative AI models raise questions about long-term economic viability.
Featured Image Credit – The Economist.
About the Author
Anirudh Phadke is the Founder/Editor of The Viyug. He is currently serving as a Member of the Board of Studies (BoS) for the Department of Defence & Strategic Studies at the Guru Nanak College (Autonomous). He previously worked for International Criminal Police Organization (INTERPOL). Anirudh holds a Master of Science in Strategic Studies along with a Certificate in Terrorism Studies from S. Rajaratnam School of International Studies (RSIS) at Nanyang Technological University (NTU). He completed Bachelor’s degree in Defence & Strategic Studies from Guru Nanak College (Autonomous).
