Cheaper energy and more efficient models have allowed China’s AI labs to charge less than leading US companies for tokens.
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"The dot-com boom and bust had no huge capital expenditure in that cycle," Damodaran said. "When the bust came, shareholders lost 60%, 70%, 80% or 90% of their money. The loss was restricted to the shareholders."
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The IMD has issued a yellow alert for Mumbai, warning of thunderstorms accompanied by lightning, light to moderate rainfall and gusty winds on June 22 and June 23.
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With monsoon rains yet to significantly replenish the catchment areas, the city's total live storage stands at just 130,275 million litres out of an overall full capacity of 1,447,363 million litres, raising concerns over the city's water security for the coming weeks.
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Prime Minister Narendra Modi wished President Droupadi Murmu on her 68th birthday, praising her humility, courage and dedication to public service. He highlighted her contributions towards empowering marginalised communities and India’s development.
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Planning a bank visit next week? Banks will remain closed for three consecutive days from June 22 to 28 in several states. Check the state-wise holiday list here.
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Trading in equity derivatives, securities lending and borrowing (SLB), currency derivatives and electronic gold receipts (EGR) will remain suspended on holidays.
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IAS officer Vivek Aggarwal has been appointed as the first Indian Vice-President of FATF for the 2026-27 term. The move highlights India’s growing role in global efforts to combat money laundering, terrorist financing and financial crimes.
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Maa Inti Bangaaram features Diganth, Gulshan Devaiah, Gautami, Manjusha and Sreemukhi in pivotal roles alongside Samantha
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Perhaps Punjab keeps returning to Imtiaz Ali's films because the place celebrates love openly and mourns heartbreak honestly
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James Burrows, who directed several episodes of the iconic sitcom F.R.I.E.N.D.S, died on Friday
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He was associated with a number of iconic shows, including Cheers, Taxi, Friends, Will & Grace, Frasier, The Bob Newhart Show, and Mike & Molly
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Sri Lanka A captain Sahan Arachchige stated that his team will not be "targeting" Vaibhav Sooryavanshi during their tri-series final against India A on Sunday.
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Neeraj Chopra at Doha Diamond League 2026 Highlights: India's Neeraj Chopra sealed qualification for the Commonwealth Games, but Sri Lanka's Rumesh Pathirage finished first a best throw of 88.68m.
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Algeria have officially lodged a complaint with FIFA over what they described as poor refereeing during their 3-0 defeat to Argentina in the FIFA World Cup 2026.
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