AI is no longer just a tech story. Its investment boom is making it a major macrofinancial issue
AI infrastructure demands huge capital, leaving a handful of global tech firms dominant across the ecosystem
More AI investment is being financed through debt, raising risks if revenues or valuations disappoint
AI will boost productivity, but firms with data, computing power and scale are likely to gain the most
India invests less in AI, but global market corrections could still hit capital flows and financial stability
India must accelerate AI adoption while strengthening safeguards against global financial and market volatility