🚨 The Truth Behind the India’s first AI Park Announcement 🚨
Eros Investments has announced ₹16k cr AI park in GIFT City of Gandhinagar. But there is a catch. Read Below. - Suspect Signatures: Eros Investments' MoU for a new AI park might not be the tech dream it's sold as. Insiders question its validity, a bogus and fake MoU. - Financial Fiasco: Despite the grand announcement, Eros entities are reportedly drowning in financial woes, struggling to even cover their own staff wages. - Delayed Deals: Employees from Xfinite and Eros International face delayed salaries, casting doubts on the company's capacity to fund such an ambitious tech park. - Regulatory Red Flags: SEBI is already on Eros International's trail for a whopping INR 1500 cr discrepancy in financial reporting. - A New Face for Funding: Eros's creation of Immerso is raising eyebrows. Is it a genuine expansion or a smokescreen to attract new investment? - Lack of Leadership: Without a solid technical or marketing team, skeptics are asking: Can Eros actually deliver on the AI dream, or is it all just AI-pie-in-the-sky? Community Conjecture: Rumor mills are spinning fast – is this MoU a strategic move for Eros to gain credibility and cash, or is there a real AI revolution on the horizon? Stay tuned as this story unfolds. Article Link -
Eros Investments announces plans to set up India's first AI park in GIFT City, Gandhinagar. The park, called Immerso AI Park, will focus on ...
https://timesofindia.indiatimes.com/city/ahmedabad/eros-investments-ai-park-in-gift-city-gandhinagar-indias-first-ai-park/articleshow/106529397.cms
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AI is a Trillion Dollar time bomb [CNBC]
Here's a summary from Perplexity of the key points from the best video on AI that I have seen recently: Excessive Spending: Major tech companies like Meta, Google, and Amazon have significantly increased their capital expenditure (capex) to build AI infrastructure and stay competitive in the rapidly evolving AI landscape. Low Returns: Despite the enormous investments, the returns on these AI investments are not yet matching the level of spending, creating a potentially unsustainable situation. Microsoft's Investments: The video specifically mentions Microsoft's substantial investments in AI, including a $13 billion investment in OpenAI. Contrasting Partnerships: An interesting point raised is that while Microsoft invested heavily in OpenAI, Apple reportedly secured a partnership with the same company for free just 18 months later, suggesting potential inefficiencies in how companies are approaching AI partnerships and investments. Industry-wide Concern: The video suggests that this pattern of high spending and low returns is not limited to a few companies but is a broader trend in the AI industry. Future Implications: The "time bomb" metaphor implies that if this trend continues, it could lead to significant financial challenges for companies heavily invested in AI development.
There’s a time bomb ticking in the AI space: spending is too high, and returns are too low. Megacaps like Meta, Google and Amazon have seen ...
https://www.youtube.com/watch?v=dx-tMK7w5g8
