Will AI Growth Drain India’s Water and Electricity? | Govindraj Ethiraj | The Core Report скачать в хорошем качестве

Will AI Growth Drain India’s Water and Electricity? | Govindraj Ethiraj | The Core Report

On Episode 707 of The Core Report, financial journalist Govindraj Ethiraj talks to Vikas Bansal, CEO at Amazon Pay as well as Nikhil Varma, Technical Lead, India at Algorand. ____________________________________________ In Partnership With: Markets move fast. Stay ahead with InvestingPro — your all-access pass to 300,000+ instruments, pro tools & real-time alerts. No noise. Just market intelligence. InvestingPro — power your portfolio. Download Now: https://www.investing-referral.com/af... ____________________________________________ SHOW NOTES (00:00) The Take (07:14) Financials are in and so are markets (08:43) Gold prices ease off but not enough for Diwali (09:26) US-China squabble again, more flights from India to China (10:38) How women entrepreneurs are driving growth in payments (24:11) The India Energy Stack and Blockchain The Take – How Far Should India Go In The AI Frenzy? Google plans a 15 billion dollar AI data centre in Andhra Pradesh as part of its global 85 billion dollar buildout. The Vizag campus may draw one gigawatt of power in a state with 30 gigawatts of capacity. India has only 269 data centres compared to over 4000 in the US yet AI-led construction is accelerating fast. AI searches consume up to 10 times more power. America is already pairing AI campuses with new gas plants and some regions have seen power prices jump over 200 percent. India currently has 480 gigawatts of capacity and may meet demand till 2030 but most estimates never factored AI’s surge. Human Rights Forum warns mega data centres could drain groundwater in Andhra where rainfall is already erratic. AI promises economic growth in manufacturing finance and services but is India trading resources for hype. The real question is how much AI infrastructure to welcome and at what cost. Markets Are Firm: Investor appetite for financials is rising as foreign buyers bet on India’s lending boom. Cross border deals in the sector have crossed 8 billion dollars this year including Emirates NBD buying 60 percent of RBL Bank for 3 billion. Sensex closed 484 points higher at 83952 while Nifty hit 25709. Mid and small caps softened. Gold Surges: Gold eased after touching 4300 dollars an ounce yet remains up 60 percent this year. India’s gold reserves crossed 100 billion dollars for the first time. Gold now forms nearly 15 percent of forex reserves double from a decade ago. Diwali buyers still find prices steep. Big Results: Reliance missed profit estimates as chemicals stayed weak despite gains in retail and digital. Polyester margins fell as global textile demand softened. HDFC Bank beat profit expectations on higher trading income though lending margins stayed tight. Meanwhile US China ties show signs of thaw with new India China flight routes being restored. Growth In Payments: Digital payment volumes in urban India grew 35 percent while non metro offline digital use is now close behind. A report by Amazon Pay and Kearney says 80 percent of women entrepreneurs now accept digital payments. Vikas Bansal CEO of Amazon Pay says women led businesses are driving trust and adoption across commerce and services. Consumer lending demand is rising across small business and retail users. IES And Blockchain: The India Energy Stack aims to connect power producers grids and consumers through tokenized electricity trading. Nikhil Verma Technical Lead at Algorand explains tokenization lets each energy unit become a digital asset enabling peer to peer exchange. If scaled well blockchain could reshape how electricity is bought and sold nationwide. Is India ready for the AI energy revolution or are we risking resources for hype Stay with us as we track Google’s 15 billion AI data centre bet the rise of digital payments the India Energy Stack and blockchain’s future in power trading Subscribe for more insights on business tech finance and manufacturing growth. #AIIndia #EnergyCrisis #DigitalEconomy #TheCoreReport #TheCore Join The Core Insider to get access to perks:    / @thecore_in   Listeners! We await your feedback: https://tinyurl.com/TCR-Listener-Survey The Core & The Core Report is ad supported & FREE for all readers & listeners. Write in to [email protected] for sponsorships & brand studio requirements. For more of our coverage check out thecore.in (https://www.thecore.in/) Support the Core Report (https://tinyurl.com/Support-the-Core-...) Join & Interact anonymously on our WhatsApp channel (https://tinyurl.com/The-Core-WhatsApp...) Subscribe to our Newsletter (https://www.thecore.in/newsletters/th...) Follow Us on Social Media for More Updates: Twitter (  / the_core_in  ) Instagram (  / the.core.in  ) Facebook (  / thecore.biz  ) Linkedin (  / thecore-in  ) Youtube (   / @thecore_in  )