
The AI spending boom is outrunning Wall Street estimates
Big Tech is shoveling billions of dollars into the AI buildout, leaving investors spooked and analysts behind. Can they catch up?
Get the latest news and analysis on business, finance, politics from mint, the website of the Mint newspaper, one of India's leading business and financial dailies
Live Last read · last published · next check

Big Tech is shoveling billions of dollars into the AI buildout, leaving investors spooked and analysts behind. Can they catch up?

Tired of giving AI the same instructions every week? Gemini Gems are specialized assistants you can reuse for recurring tasks, from writing and learning to career planning and brainstorming.
The ChatGPT developer says it is expanding efforts to monitor how its most advanced unreleased models solve problems and interact with online tools.

Mark Mahaney sees growing signs that internet behemoths will get a return on their soaring capital expenditures.

From a dairy farmer speaking to a lender in his own language to AI agents reading loan documents, financial institutions use AI for tasks that once required many human steps. This shift could make finance more accessible and efficient, but raises concerns about data, security, and trust.

Beijing is pushing artificial intelligence deep into the economy while writing rules around it. So far, regulation hasn’t stopped China from closing the gap with the U.S.

The fixed options offered in the new customercare delivery are making it tough for consumers to explain their problem, while getting through to a human exec is difficult, or simply not an option. This frustrating experience is now commonplace across e-commerce platforms, banks, airlines, etc.

Scanned contracts, screenshots and photographed documents have long been invisible to search. Microsoft 365 Copilot can now read them and surface answers without manual file-by-file searches.
Anthropic plans to introduce an invisible watermark on text processed by its chatbot, Claude, to comply with EU regulations. It indicates AI processing, but doesn't confirm the original creator. Additionally, discussions to acquire Decart AI for $6 billion are underway to expand AI capabilities.

AI-led underwriting is freeing relationship managers from data gathering and preliminary analysis as SBI expands the technology across lending and banking operations.
Claude models launching from 2 August will have this feature, in which content generated at the model level will carry watermarks.

Britain has long pioneered new political models, from the welfare state in the 1940s to the “third way” in the 1990s. It is also unusually vulnerable to the march of AI-armed citizens, because its administrative traditions favour the written submissions that AI is so good at drafting.