Try GOLD - Free
An AI correction could be India’s opportunity
Mint Hyderabad
|June 30, 2026
Global over-investment may have turned AI’s infrastructure build-up fragile. However, an asset market shake-up that shifts investor attention might just favour the Indian ecosystem
-
Big Tech companies remain publicly confident that artificial intelligence (AI) will eventually justify the huge sums of capital pouring into the sector.
Big Tech companies remain publicly confident that artificial intelligence (AI) will eventually justify the huge sums of capital pouring into the sector. Yet, concerns have grown over less-than-commensurate returns and high market volatility amid reports that OpenAI may defer its long-awaited public offer of equity. All this suggests that the breakneck pace of today’s AI boom may not be sustainable. Goldman Sachs projects capital spending of $5.3 trillion by hyperscalers between 2025 and 2030, much of it in AI chips and data centres. Should today’s AI narrative falter or investment plans go awry, though, it may prompt investors to look anew at AI latecomers like India.
This story is from the June 30, 2026 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
HDFC Bank board picks former CEC Rajiv Kumar as chairman
The board of HDFC Bank, late on Monday, approved the appointment of Rajiv Kumar as part-time chairman and additional (independent) director, three days after an external legal review cleared the bank in the controversy surrounding the exit of former chairman Atanu Chakraborty.
1 min
June 30, 2026
Mint Hyderabad
Venezuela rushes to find survivors as quake toll hits 1450
Hopes were fading Monday of finding survivors more than four days after powerful twin earthquakes struck Venezuela, as residents grow increasingly frustrated with the government’s response to the disaster that has killed at least 1,450 people and left tens of thousands unaccounted for.
2 mins
June 30, 2026
Mint Hyderabad
Rupee falls 6 paise against dollar
The rupee pared initial gains and settled lower by 6 paise at 94.51 against the US dollar on Monday, as renewed geopolitical tensions hit investors' risk appetite.
1 min
June 30, 2026
Mint Hyderabad
Hormuz traffic drops off as vessel attacks raise fresh concerns
Commercial traffic through the Strait of Hormuz persisted at a reduced level after attacks on two ships raised fresh concerns about the ability and willingness of shipowners to traverse the waterway.
2 mins
June 30, 2026
Mint Hyderabad
Hindustan Zinc eyes three new metals in five years
The firm plans to diversify beyond zinc, lead and silver into rare earths, potash and tungsten
2 mins
June 30, 2026
Mint Hyderabad
NRIs: property gifts and equity investment
I have returned to India after working in the UAE for over a decade. I own a property in the UAE and want to gift it to my brother, who still resides there. Will either of us have any tax liability in India on this gift?
1 mins
June 30, 2026
Mint Hyderabad
Manufacturing, electricity boost factory output in May
This marks the second month in FY27 of the new IIP series with 2022-23 as the base year
2 mins
June 30, 2026
Mint Hyderabad
Yes Bank to raise up to ₹16,000 cr through equity, debt
Private sector lender Yes Bank on Monday said it is planning to raise up to ₹16,000 crore, including up to ₹7,500 crore in equity and up to ₹8,500 crore in debt.
1 min
June 30, 2026
Mint Hyderabad
ESDS eyes ₹720 cr IPO on data centre boom
ESDS is set to become India’s first listed data centre owner and operator
2 mins
June 30, 2026
Mint Hyderabad
An AI correction could be India’s opportunity
Global over-investment may have turned AI’s infrastructure build-up fragile. However, an asset market shake-up that shifts investor attention might just favour the Indian ecosystem
2 mins
June 30, 2026
Listen
Translate
Change font size