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ECONOMY

India, UK to Invest $1.2 Bn in Green Projects

India and the UK will invest $1.2 billion in green projects and renewable energy to promote green growth at the 11th India-UK Economic and Financial Dialogue between Finance Minister Nirmala Sitharaman and her British counterpart Rishi Sunak the bilateral agenda of Enhanced Trade Partnership.


Sitharaman and Sunak met virtually for the annual summit and signed a $1.2-billion package of public and private investment in green projects and renewable energy. This deal includes a $1 billion investment from CDC in green projects in India by both governments to support firms working on innovative green tech solutions and a $200 million private and multilateral investment into the joint Green Growth Equity Fund, which will invest in Indian renewable energy.


“The UK and India already have strong bonds, and today we have made some important agreements for both the countries. Supporting India’s green growth is a priority, and I am happy to announce a $1.2bn investment package and launched the new CFLI India partnership to boost investment in sustainable projects in India as the UK gears up to host COP26,” Sunak said. “With trade negotiations also coming up, our agreement to be ambitious when considering services will create new opportunities in both markets, supporting jobs and investment in the UK and India,” he added.

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TECHNOLOGY

ChatGPT Can Create Fake Aadhaar, PAN Cards—But Here’s Why It’s Not a Big Concern

Dhruva Kulkarni

Less than two weeks after its launch, OpenAI’s upgraded image generator in ChatGPT has raised privacy concerns by creating fake government ID cards with Aadhaar and PAN numbers.

Users on X shared concerns about security risks and called for AI regulation after screenshots showed AI-generated ID cards with fictional details.

When tested, ChatGPT refused to generate Aadhaar or PAN cards, citing legal and ethical restrictions, but allowed the creation of parody-style badges and profile cards.

In a later test, ChatGPT placed an image in a PAN card template, asking about cropping and file format preferences. The output appeared AI-generated, with minor errors in text and design.

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Further refinements produced a more realistic-looking PAN card with placeholders for key details. Adding fake information made the final output more convincing.

Real Aadhaar and PAN cards have security features like holograms, QR codes, and microtext, which were absent in AI-generated versions, making them easy to spot as fake.

While these AI-generated IDs may not bypass KYC verification, scammers could still use them to deceive individuals. The increasing availability of AI tools with fewer restrictions raises further concerns.

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TECHNOLOGY

Google in Advanced Talks to Acquire NVIDIA AI Chips

Dhruva Kulkarni

Google is reportedly in late-stage talks with AI cloud provider CoreWeave to lease NVIDIA’s Blackwell chips amid an ongoing AI chip shortage. 

CoreWeave’s close ties with NVIDIA and rapid AI data centre expansion have attracted interest from companies like OpenAI and Meta.

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On Wednesday, CoreWeave’s stock climbed 14% to over $60, rebounding from its $40 IPO price. This comes despite reports that Microsoft may end data centre leases, with Google potentially acquiring some of the available capacity.

With AI firms like xAI and OpenAI emphasising the ongoing NVIDIA GPU shortage, computing power remains a critical asset. If finalised, Google’s deal with CoreWeave would strengthen its AI infrastructure in an increasingly competitive market.

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TECHNOLOGY

Trump to Review TikTok Sale Plans in Wednesday Meeting

Dhruva Kulkarni

President Donald Trump will review a proposal on Wednesday for TikTok’s US divestment from ByteDance, just days before the 5th April deadline.

The deal may involve Oracle, Blackstone, and other investors, with Oracle providing security assurances while TikTok’s algorithm remains under Chinese control.

Trump will consult with Vice President JD Vance and top officials, though it’s unclear if ByteDance or China are involved.

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The sale deadline, initially set for 19th January, has already been extended once, and Trump may extend it further if needed.

Critics, including some Republican lawmakers, argue the deal may not fully address data security concerns or Chinese influence.

Trump has downplayed urgency, noting strong investor interest and suggesting he might lower tariffs to gain Beijing’s approval.

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TECHNOLOGY

India Emerges as Fastest-Growing Market for AI Voice Tech Firm ElevenLabs

Dhruva Kulkarni

India has become the fastest-growing market for AI voice technology firm ElevenLabs, with a 50% growth in usage from November to January, driven by the country’s diverse languages and increasing demand for quality voice translation.

Founded just two years ago, ElevenLabs has achieved unicorn status, raising $180 million in its latest funding round and expanding its team from 5 to 150 employees.

The company gained attention for dubbing Prime Minister Narendra Modi’s interview with Lex Fridman and has also worked on AI voice dubbing for world leaders like Volodymyr Zelenskyy and Javier Milei.

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ElevenLabs’ mission is to preserve the essence of original voices while making content more accessible, claiming to have the best voice technology.

The AI voice market is projected to reach $1.82 billion by 2030, with increasing competition from giants like Google and OpenAI.

The company has partnered with major organisations such as Star Cricket and Qube Cinema and launched a speech-to-text tool, Scribe, in 11 Indian languages with superior accuracy.

ElevenLabs remains focused on innovation, continued investment in AI research, and expanding its reach in India.

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TECHNOLOGY

Perplexity CEO: No Financial Issues, No IPO Before 2028

Dhruva Kulkarni

Perplexity CEO Aravind Srinivas dismissed concerns about the company’s financial health, stating it has sufficient funding, growing revenue, and no IPO plans before 2028.

A Reddit post alleged financial struggles at Perplexity, citing cost-cutting measures like Auto mode resetting user-selected models and the removal of high-quality models like o1.

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Srinivas clarified that Auto mode was introduced to simplify AI products by reducing excessive buttons and menus.

He acknowledged that rapid feature rollouts, such as Answer mode, have led to bugs, quality issues, and user confusion. Srinivas apologised for the dip in quality and lack of transparency, promising to improve internal processes.

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