Tag: Inflation

Global Venture Capital (VC) investment saw a sharp decline in Q1'23 as predicted, falling to $57.3 billion - less than a third of Q1'22 investments. Major uncertainties, including a protracted war, inflated interest rates & high inflation, caused the market to suffer. Despite the difficult times, cleantech & alternative energy companies still managed large rounds, such as Generate Capital ($800M), Abound ($601M) & Zeekr ($750M). Global organization KPMG Private Enterprise predicts Q2'23 will see improvements, with focus on generative AI.

With rising cost of living and inflation, Gen Z and millennial audiences have been forced to choose between streaming video subscriptions and basic resources such as fuel and groceries. Deloitte survey found that 32% of millennials and 30% of Gen Z have canceled subscriptions. 44% of respondents have canceled one or more subscriptions in last 6 months; ad-supported options being chosen instead of pricier tiers by younger consumers. J.D. Power survey revealed increasing consumer fatigue with streaming content.

This Global Wealth Management Trends Report 2023 assesses the latest developments, opportunities and threats which will shape the wealth management industry. ESG (Environmental, Social and Governance) assets, inflation, Russia/Ukraine conflict, Artificial Intelligence and ChatGPT are among the relevant themes. Get your own insights into the global wealth industry trends and stay ahead of the competition.

Amazon launches Bedrock - a suite of AI-powered applications designed to help businesses build chatbots, generate text, and create images. Accessible from AWS, Bedrock provides models from top AI providers such as AI21, Anthropic, and Stability AI. Structured around CEO Andy Jassy’s commitment to invest heavily in generative AI and large language models, Bedrock represents Amazon’s entrance into the tech world’s AI race.

Aaditya Thackeray expressed his disapproval towards the Maharashtra government and how it is suppressing its growth. He highlighted the lack of faith in the judiciary and the tendency of citizens to be diverted by other issues, not related to the pressing issues such as inflation and unemployment. GITAM (Deemed to be University) is facilitating Changemakers series to bring global leaders, including Aaditya, to inspire change for the betterment of society. He is also looking for sustainable solutions to combat climate change.