India’s central bank chief, Shaktikanta Das, highlighted that despite managing a soft landing through ongoing global shocks, there is still a risk of inflation returning and economic growth slowing down. Das emphasized that global central banks have largely performed well amidst conflicts and volatility, but challenges including geopolitical tensions, commodity price volatility, and climate change continue to pose threats. He pointed out contradictions in global markets, such as the U.S. dollar strengthening despite interest rate cuts by the Federal Reserve, indicating ongoing uncertainties in the economic landscape.
Full Article
AI in courtrooms: Legal system grapples with GenAI challenges – Sasha Borissenko
There’s an irony in relying on artificial intelligence for justice, as the law is traditionally slow and relies on human judgment, while generative AI promises efficiency and accessibility. The author experienced a mix of doubt and fear regarding over-reliance on AI, noting it even cited a fictional case, wasting valuable time. This "AI hallucination" phenomenon has prompted warnings from the Law Society, indicating that lawyers have requested information on non-existent cases, highlighting the potential pitfalls...
Read more