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Tag: India

  • India’s AI boom pushes firms to trade near-term revenue for users | TechCrunch

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    Tech giants’ efforts to ramp up AI adoption in India may be about to hit a turning point, as companies end free promotions with hopes to convert the world’s fourth-largest economy into a windfall of paid subscribers.

    India became the world’s largest market for generative AI app downloads in 2025, according to market intelligence firm Sensor Tower, widening its lead over the U.S. as installs jumped 207% year-over-year.

    Companies including OpenAI, Google, and Perplexity rolled out extended free premium offers to accelerate user growth in the price sensitive market. Leading AI firms have also backed India in its push to become a global artificial intelligence hub. A major AI summit in New Delhi last week was attended by leaders including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and Alphabet CEO Sundar Pichai — a sign of the country’s growing weight in the global AI race.

    Now, some of those early promotional pushes are winding down. Perplexity ended its bundled Pro offer with Indian telco Airtel in January, while OpenAI’s free ChatGPT Go access in India is no longer available, potentially setting the stage for a clearer test of how many newly acquired users convert to paying subscribers.

    Despite strong download growth, India still generates a disproportionately small share of AI app revenue, accounting for about 1% of in-app purchases even as it drives roughly 20% of global GenAI app downloads, according to the Sensor Tower data shared with TechCrunch, highlighting the monetization challenge in one of the industry’s fastest-growing markets.

    GenAI app adoption in India accelerated sharply through 2025, with downloads peaking in September and October at year-over-year growth rates of about 320% and 260%, respectively, according to the data. Yet the surge in usage did not fully translate into revenue gains. In November and December 2025, AI app in-app purchase revenue in India fell 22% and 18% month over month, respectively. ChatGPT’s revenue dropped even more sharply — down 33% and 32% over the same period following the November launch of free sub-$5 ChatGPT Go access — reflecting the near-term impact of aggressive promotional pushes.

    Image Credits:Sensor Tower

    ChatGPT still commands more than 60% of GenAI in-app revenue in India, meaning shifts in its pricing strategy can significantly influence overall market performance.

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    Alongside promotional pushes, Sensor Tower attributed the surge in GenAI app adoption in India last year to a mix of new product launches, including the debut of platforms such as DeepSeek, Grok, and Meta AI, as well as upgrades to major chatbots like ChatGPT, Gemini, Claude, and Perplexity. Viral interest in AI-generated content also helped fuel adoption, with content creation and editing tools accounting for seven of the 20 most downloaded GenAI apps in India in 2025.

    The user surge has been equally pronounced. India accounted for about 19% of the global user base of leading AI assistant apps in 2025, ahead of the U.S. at 10%, Sensor Tower said. ChatGPT continues to dominate the Indian market by monthly active users, though rivals including Google’s Gemini and Perplexity have also seen rapid growth following promotional offers. ChatGPT was the most downloaded GenAI app in India and globally in 2025, according to earlier Sensor Tower data. Earlier this month, OpenAI’s CEO said that the chatbot now has more than 100 million weekly active users in India.

    The promotional push in India reflects a broader strategy by AI firms to reduce pricing friction in a highly value-conscious market, betting that early user adoption and engagement will translate into stronger long-term retention once free access periods expire, said Sneha Pandey, insights analyst at Sensor Tower.

    India’s appeal lies in its massive digital base. The country has more than a billion internet users and around 700 million smartphone owners, making it one of the largest potential markets for AI services globally and a critical battleground for user growth.

    Nonetheless, user engagement in India still trails more mature markets. In 2025, users of leading AI chatbot apps in the U.S. spent about 21% more time per week on the apps than their counterparts in India and logged 17% more sessions on average, per Sensor Tower.

    “AI in-app revenues will likely see meaningful but gradual improvement as users become more deeply integrated into these platforms, making sustained engagement paramount,” Pandey told TechCrunch.

    She added that pricing pressure in India is likely to remain elevated given the country’s young and value-conscious user base, making lower-cost tiers, telecom bundles, and micro-transaction models important for long-term retention.

    ChatGPT remained the clear market leader in India entering 2026, with 180 million monthly active users in January, per Sensor Tower, followed by Google’s Gemini with 118 million, Perplexity with 19 million, and Meta AI with 12 million. The figures underline both the scale of India’s AI opportunity and the growing challenge for firms to convert rapid user adoption into sustained revenue.

    Google, OpenAI, and Perplexity did not respond to requests for comments.

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  • Sam Altman gets defensive about AI’s massive electricity usage: ‘It takes a lot of energy to train a human’ | Fortune

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    OpenAI CEO Sam Altman isn’t worried about AI’s increasingly glaring resource consumption, and argued humans require a lot too. 

    In an on-stage interview at the India AI Impact summit, he went on the defensive after he was asked about ChatGPT’s water needs.

    He dismissed claims that the chatbot uses gallons of water per query as “completely untrue, totally insane,” according to a clip posted by The Indian Express, explaining that data centers powering ChatGPT have largely moved away from water-heavy “evaporative cooling” to prevent overheating.

    Altman was then asked about the electricity needed for AI. In contrast to the issue of water, he claimed it was “fair” to bring up the technology’s energy requirements, saying “We need to move toward nuclear, or wind, or solar [energy] very quickly.”

    But he pointed out that comparing AI’s power needs to humans isn’t exactly apples to apples.

    “It also takes a lot of energy to train a human,” he said, prompting some in the crowd to laugh. “It takes, like, 20 years of life, and all of the food you eat during that time before you get smart.”

    Altman expanded even further by noting that today’s humans wouldn’t even be here were it not for their ancestors dating back hundreds of thousands of years to when modern humans first emerged.

    “Not only that, it took, like, the very widespread evolution of the 100 billion people that have ever lived and learned not to get eaten by predators and learned how to, like, figure out science or whatever to produce you,” he added.

    When comparing humans to ChatGPT’s potential, you have to take this context into account, he argued. A fair comparison would be to pit the energy a human uses to answer a query with an AI after it is trained. On that measure “probably, AI has already caught up on an energy efficiency basis measured that way.”

    In a June 2025 blog post, Altman claimed each ChatGPT query takes about 0.34 watt-hours of electricity, or around what an oven uses in about a second. Still, he published this fact before OpenAI released its newest GPT-5 model and its subsequent upgrades. Energy consumption can also vary based on the complexity of a query, for example, answering a question versus creating an image.

    Experts have warned that AI as a whole will  increase its cumulative power and water consumption greatly over the next 20 years or so. Overall, AI’s water usage is set to grow by about 130%, or by about 30 trillion liters (7.9 trillion gallons) of water through 2050, according to a January report by water technology company Xylem and market research firm Global Water Intelligence. 

    Over that same period, rising electricity demands are expected to increase the water use for data centers’ power generation by about 18%, reaching roughly 22.3 trillion liters (5.8 trillion gallons) per year. Meanwhile, the ever more complex chips data centers use will need more water during the manufacturing process, which will skyrocket the amount they require by 600% to 29.3 trillion liters (7.7 trillion gallons) annually from about 4.1 trillion liters (1.8 trillion gallons) today.

    While OpenAI has moved away from evaporative cooling, 56% of all data centers globally still use the method in some form, according to the Xylem and Global Water Intelligence report. 

    OpenAI’s own 800-acre data center complex in Abilene, Texas will reportedly use water, albeit, in a more efficient, closed-loop system that continuously recirculates water to cool the data center, the Texas Tribune reported. The data center will initially use 8 million gallons of water from the city of Abilene to fill its cooling system.

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  • Canada’s Carney to Visit India, Australia, and Japan

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    Feb 23 (Reuters) – ⁠Canada’s ⁠Prime Minister ⁠Mark Carney will ​travel to India, ‌Australia, and Japan, ‌from ⁠February ⁠26 to March 7,  the Canadian government ​said on Monday.

    Carney will meet ​with Indian Prime Minister ⁠Narendra Modi, ⁠Australian Prime ⁠Minister Anthony ​Albanese and Japanese Prime ​Minister ⁠Sanae Takaichi during his visits to ⁠the three countries, the government statement said.  

    The ⁠visits aim to expand partnerships in areas such as energy, technology, artificial intelligence, and critical minerals, among ⁠others, the government said.   

    (Reporting by Rhea Rose Abraham in ​Bengaluru; Editing by ​Sharon Singleton)

    Copyright 2026 Thomson Reuters.

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  • Sam Altman: Know What Else Used a Lot of Energy? Human Civilization

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    At last week’s India AI Impact Summit in New Delhi, industry leaders convened to discuss the future of artificial intelligence and how best to squeeze it into parts of your life you haven’t even considered. Notably absent was Bill Gates, who dropped out hours before his scheduled keynote over the ongoing scrutiny about his presence in the Epstein Files (though he continues to deny any wrongdoing). While the convention was reportedly a bit chaotic, what with the protests and all, the luminaries from around the tech world present nonetheless kept things upbeat and optimistic, declaring “full steam ahead” on the technological hype train carrying our species and planet off a cliff.

    Also in attendance was OpenAI’s Sam Altman, who earned numerous headlines over the course of the event for his words and antics. His buzz blitzkrieg started on Thursday at a seemingly easy photo-opp layup with Indian Prime Minister Narendra Modi and other AI executives all raising their joined hands in a celebratory display of industry-wide solidarity. Altman and the former colleague and present CEO of Anthropic to his left, Dario Amodei, notably refused to complete the chain and hold each other’s hands, making for an all-too-poignant moment. Altman would continue to make news throughout the summit for his comments on the industry’s “urgent” need for global regulation and his sneaking suspicion that companies might actually be using AI as a scapegoat to whitewash their layoffs.

    Ever the yapper, Altman has bagged yet another round of earned media for an interview with The Indian Express’ Anant Goenka, during which he posited some controversial rebuttals to concerns about AI’s environmental impact.

    Altman started off by saying the claims about ChatGPT consuming “‘17 gallons of water for each query’ or whatever,” are “completely untrue, totally insane, no connection to reality,” before qualifying that, OK, maybe it was a valid concern when his company “used to do evaporative cooling in data centers.”

    He went on to say that there is “fair” concern about the amount of energy data centers eat to crank out the most soulless slop you’ve ever seen, but suggested the onus of responsibility for dealing with AI’s ravenous appetite falls to the energy sector itself, which Altman feels needs to “move towards nuclear or wind and solar very quickly.”

    Altman then stunned the crowd and firmly re-entered the discourse with a mind-blowing truth bomb for those who still felt AI was consuming too much energy.

    “It also takes a lot of energy to train a human,” Altman rejoined euphorically. “It takes like 20 years of life, and all the food you eat before that time, before you get smart. And not only that, it took like the very widespread evolution of the hundred billion people that have ever lived and learned not to get eaten by predators and learned how to figure out science and whatever to produce you, and then you took whatever you took.”

    It is true that every person and the sum total of human civilization have consumed a sizable amount of energy (and water) to get to where we are today. While the value comparison of a nascent tech industry and its models to the entirety of civilization and human beings may have elicited adulation at the summit, Altman got an icier reception from the internet. Social media quickly took to roasting the remarks as “dystopian” and “deeply antisocial and antihuman.”

    Perhaps further illuminating the backlash, Altman’s energy comments butt up against the frustrating lack of transparency within the industry our collective futures now hinge upon. There are currently no regulations in place requiring data centers to disclose their water and energy consumption. Furthermore, center employees and business partners are typically muzzled by nondisclosure agreements. This has made reporting and research on the true expenditure levels a tricky figure to pin down.

    At least we’ve got Sam to keep us informed while waiting for some clarity about what’s actually going on and being used in those centers.

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    Justin Caffier

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  • Cyclone Gezani Leaves 59 Dead in Madagascar, Displaces More Than 16,000

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    ANTANANARIVO, Feb 16 (Reuters) – At least 59 ⁠people ⁠died when Cyclone Gezani ⁠struck Madagascar last week, the disaster management office ​said on Monday, as it assesses the impact of the second ‌tropical storm to hit ‌the Indian Ocean island nation this year.

    The cyclone displaced ⁠16,428, while ⁠15 people remain missing, 804 were injured and 423,986 ​were classified as affected by the disaster, the National Bureau for Risk and Disaster Management (BNGRC) said.

    Gezani barrelled through the country just 10 days ​after Tropical Cyclone Fytia killed 14 people and displaced over ⁠31,000, ⁠according to the United ⁠Nations’ ​humanitarian office.

    At its peak, Gezani had sustained winds of about 185 km (115 ​miles) per hour, ⁠with gusts rising to nearly 270 km per hour – powerful enough to rip metal sheeting from rooftops and uproot large trees.

    The cyclone moved westward across the Mozambique Channel, bringing heavy ⁠winds and waves of up to 10 metres in the southern ⁠end of Mozambique, its weather service said in a statement.

    The weather system has since curved back eastward over the channel, and forecasts show it looping toward Madagascar again, with a second landfall expected in southwestern Madagascar on Monday.

    Authorities have placed Ampanihy district in southwestern Madagascar on red alert, with Gezani forecast to pass about 100 ⁠km off its coast on Monday evening, bringing winds of around 65 km/h but no heavy rainfall, the weather service said.

    (Reporting by Lovasoa Rabary, additional reporting by Anathi Madubela ​in Johannesburg; Writing by George ObulutsaEditing by Bate ​Felix; Editing by Anil D’Silva)

    Copyright 2026 Thomson Reuters.

    Photos You Should See – Feb. 2026

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  • Nothing opens its first retail store in India | TechCrunch

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    Nothing, the hardware company backed by Tiger Global, is opening its first retail store in India, its biggest market. The store is located in Bengaluru, where a large chunk of Nothing’s userbase in India is concentrated, the company said.

    The new, two-storied location will show off Nothing’s products and other projects. Customers will also be able to buy hardware products and other merchandise from the store and have select items customized.

    “We wanted to create a fun space. It is kind of inspired by all the parts that are related to the brand. For instance, the factory: if you buy a product, there’s like a production line where the product comes out. We also show machines where phones go through testing, like USB port testing or water resistance testing. So we just wanted to bring that world together,” the company’s co-founder and CEO Carl Pei said.

    The store will feature products from both Nothing and CMF, its budget brand, which it spun off last year. Notably, CMF is headquartered in India and has a joint venture with local Indian ODM (original design manufacturer), Optiemus.

    Pei mentioned that both brands are differentiated in terms of the products they offer, which fall in different price ranges, as well as the audience they target.

    “Nothing is more niche with a higher price. CMF is more [targeted towards] mass. You know it’s mass, but it’s not like just off-the-shelf rebrand products that usually what occurs in this price point. They are also products that we put a lot of care into,” he said.

    India has been Nothing’s strongest market, with over 2% market share in smartphones, analyst firm IDC told TechCrunch last year. It also noted that Nothing was the fastest-growing brand in the country in Q2 2025, with 85% growth in shipments year-over-year.

    Other hardware makers are building aspirational retail stores in India, too. Apple is set to open its sixth store in the country this month, situated in Borivali, Mumbai, for instance.

    This is the first Nothing store outside of London, where the company is headquartered. The startup said that it plans to open two more stores in Tokyo and New York, but didn’t provide timelines for openings.

    The company raised $200 million in Series C funding at a $1.3 billion valuation last year, led by Tiger Global, along with investors like GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry. Nothing has raised $450 millon to date.

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  • Thousands in Islamabad Mourn 31 Killed in Suicide Bombing of Shi’ite Mosque

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    ISLAMABAD, Feb 7 (Reuters) – Thousands of mourners ‌gathered ​in Islamabad on Saturday to ‌start burying the 31 killed in a suicide bombing at ​a Shi’ite Muslim mosque, as residents expressed concern that there could be further attacks.

    A man opened ‍fire at the Khadija Tul Kubra ​Imambargah compound on the outskirts of Pakistan’s capital, then detonated a bomb that ​killed 31, ⁠as well as himself, and injured more than 170 people. The Islamic State group claimed responsibility for the attack in a statement on the Telegram messaging app.

    Funeral prayers for some of the victims were held in an open area near the mosque on Saturday ‌morning under tight security, with police and a unit of elite commandos standing guard. ​Mourners ‌beat their chests before ‍stooping to lift ⁠the coffins and carry them toward the burial grounds.

    “Whoever did this terrorism, may God burn them in hell and turn them to ash,” the prayer leader told mourners.

    While bombings are rare in heavily guarded Islamabad, this is the second such attack in three months and, given the rise in militancy, there are fears of a return to violence in Pakistan’s major urban centres.

    The ​government is “tracing the facilitators and handlers” behind the attack, said Information Minister Attaullah Tarar, adding that some victims remain critically injured in hospital and are “being provided the best healthcare possible.”

    The bomber had a history of travelling to Afghanistan, Defence Minister Khawaja Asif posted on Friday on X, blaming neighbouring India for sponsoring the assault, without providing evidence.

    India’s foreign office condemned the mosque attack and rejected the assertion that it had any involvement.

    “It is unfortunate that, instead of seriously addressing the problems plaguing its social fabric, Pakistan should choose to delude itself ​by blaming others for its home-grown ills,” New Delhi said in a statement.

    Shi’ites, who are a minority in the predominantly Sunni Muslim nation of 241 million, have been targeted in sectarian violence in the past, including by Islamic State ​and the Sunni Islamist group Tehreek-e-Taliban Pakistan.

    (Reporting by Asif Shahzad; Writing by Lucy Craymer; Editing by William Mallard)

    Copyright 2026 Thomson Reuters.

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  • In Hasina’s Hometown in Bangladesh, Voters Face an Unfamiliar Ballot

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    GOPALGANJ, Bangladesh, Feb 6 (Reuters) – For the first time in decades, the image ‌that ​once defined the hometown of Bangladesh’s ousted premier ‌Sheikh Hasina during elections, her Awami League party’s “boat” symbol, is absent.

    In its place, posters of rivals like the Bangladesh ​Nationalist Party (BNP), the Jamaat‑e‑Islami party and independents urge voters in Gopalganj to back them in the February 12 election.

    The Gopalganj district has long been considered the Awami League’s safest ‍ground, producing Hasina, the country’s longest-serving prime minister, ​and her father, Bangladesh’s founding leader Sheikh Mujibur Rahman.

    Hasina ruled for more than 15 straight years until 2024, with the opposition either boycotting elections or marginalised through ​mass arrests of senior ⁠leaders. A youth‑driven uprising toppled Hasina in August 2024 and sent her into exile in India.

    Her party has since been barred from the February election, being held under an interim government led by Nobel laureate Muhammad Yunus.

    Hasina told Reuters last October via email that the absence of the Awami League would leave millions of supporters without a candidate and push many to boycott the election.

    “They can put up as many posters as they want,” said Gopalganj rickshaw ‌puller Ershad Sheikh, standing under layers of opposition posters hanging from poles.

    “If there is no boat on the ballot paper, none of the 13 ​voters ‌in my family will go to ‍the polling station.”

    A Dhaka court ⁠late last year sentenced Hasina to death for ordering a deadly crackdown on the 2024 uprising. A United Nations report estimated that up to 1,400 people were killed and thousands wounded — most by gunfire from security forces, though Hasina denied ordering the killings.

    AWAMI LEAGUE VOTERS SHIFTING TO BNP, JAMAAT

    A survey of various voters published this month found that nearly half of former Awami League voters now prefer the BNP, the frontrunner in most opinion polls, followed by roughly 30% who favour Jamaat.

    “These patterns suggest that former Awami League voters are not dispersing evenly across the party system or withdrawing from partisan preferences, but are instead consolidating their support around specific opposition alternatives,” said the survey by ​Dhaka-based Communication & Research Foundation and Bangladesh Election and Public Opinion Studies.

    In Gopalganj, families of Awami League activists say the transition away from Hasina has come at a high personal cost.

    Shikha Khanam’s brother, Ibrahim Hossain, 30, an activist in the party’s student wing, was arrested in December under the Anti-Terrorism Act over unrest at a rally in July last year. Khanam said her brother had been falsely implicated.

    Her family has now withdrawn completely from politics.

    “We won’t vote. We are done,” she said.

    The July rally in Gopalganj, organised by the newly formed student‑led National Citizen Party to mark the 2024 uprising, left five people dead in clashes with police. Several Awami League activists and members of minority communities said they are now living in fear.

    Restaurant waiter Mohabbat Molla said the wider choice of candidates changes nothing for him.

    “Our candidate isn’t here,” he said, referring to Hasina. “The Awami League isn’t here. So this election is not for us.”

    Others see hope in the changing election bunting ​now hanging from Gopalganj’s walls.

    Businessman Sheikh Ilias Ahmed hopes the upcoming vote will finally allow people to choose freely.

    “In the past, I went to the polling station and found my vote already cast,” he said. “This time, I want to believe things will be different.”

    What Awami League voters do next may shape the outcome, said political analyst Asif Shahan, a professor at the University of Dhaka.

    “I don’t expect a nationwide boycott,” ​said Shahan.

    “The core loyalists may abstain, but undecided, locally focused voters are likely to turn out and could decide the result.”

    (Reporting by Ruma Paul; Editing by Krishna N. Das; Editing by Michael Perry)

    Copyright 2026 Thomson Reuters.

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  • Google Photos brings its prompt-based editing feature to India, Australia and Japan | TechCrunch

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    Google is bringing AI-powered photo editing to more users around the world, making it easier to fix your photos with simple text commands instead of complicated editing tools.

    The company announced Tuesday that it’s expanding natural language-based editing in Google Photos to additional countries, including Australia, India, and Japan. The feature, which Google first launched for Pixel 10 users in the U.S. last August, lets people describe the changes they want to make to their photos rather than manually adjusting sliders or learning complex editing software.

    Users in these newly supported countries will now see a “Help me Edit” box when they tap the edit option on a photo. From there, they can either select from suggested prompts or type their own requests in plain language. For example, you could ask the app to “remove the motorcycle in the background,” “reduce the background blur,” or use a more general command like “restore this old photo.”

    The AI can handle surprisingly specific requests too. You can ask it to edit a friend’s pose, remove their glasses, or even have them open their eyes in a photo where they blinked. The feature uses Google’s Nano Banana image model to transform photos, and all the processing happens directly within the app without requiring an internet connection for the actual editing.

    The feature will work on any Android device with at least 4GB of RAM running Android 8.0 or higher, meaning it’s not limited to Google’s own Pixel phones. Along with this geographic expansion, Google is also adding language support beyond English, including Hindi, Tamil, Marathi, Telugu, Bengali, and Gujarati, making the tool accessible to millions more users in their native languages.

    Google is also rolling out C2PA Content Credentials support in Google Photos for these countries. This metadata will indicate when an image was created or edited using AI. As AI-generated and AI-edited images become more common, social media platforms have been grappling with how to label AI content, and credentials like C2PA help users understand what they’re looking at.

    The expansion is the latest in Google’s aggressive push to integrate AI throughout Google Photos. Last November, the company expanded AI-powered search capabilities to over 100 countries with support for more than 17 languages. It also introduced AI templates that can convert photos into different artistic styles. Just last week, Google rolled out a “Meme me” feature that lets users combine reference templates with their own images to create memes.

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  • After Toppling Hasina, Young Bangladeshis Turn Back to Old Guard

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    DHAKA, Jan 28 (Reuters) – Dhaka University student Sadman Mujtaba Rafid defied his parents and police to join protests that toppled former ‌Bangladesh ​Prime Minister Sheikh Hasina, convinced the rallies were essential to ensure democracy ‌prevailed over dynastic rule.

    But ahead of the February 12 parliamentary election –  the first since the upheaval – some of Rafid’s optimism has faded. 

    “We dreamt of a country where ​all people regardless of gender, race, religion would have equal opportunity,” the 25-year-old said. “We expected policy changes and reforms, but it is far away from what we dreamt of.”

    Tens of thousands of young Bangladeshis, frustrated by years of repression and a lack ‍of jobs and economic opportunity under Hasina’s rule, poured into the ​streets in 2024, eager for radical change and a “New Bangladesh”.

    But while the elections will deliver a government without Hasina for the first time since 2008, there has been no major reform and no new viable alternative party has emerged, according to ​many, leaving the battle for ⁠government mostly between former Prime Minister Khaleda Zia’s Bangladesh Nationalist Party (BNP) and the Islamist Jamaat-e-Islami.

    Opinion polls put the established, but tarnished, parties as frontrunners.

    Reuters spoke to more than 80 students under 30, mostly in the capital Dhaka. Most expressed excitement about voting in a freer election but were disappointed with the choice of candidates. 

    ‘OLD GUARD VS STUDENT-ISLAMIST ALLIANCE’

    Under 30s, popularly known as Gen-Z, drove the uprising and make up more than a quarter of Bangladesh’s 128 million voters.

    “They are politically active and will in all likelihood go to vote and affect the electoral outcome,” said political analyst Asif Shahan, who teaches at Dhaka University.

    Most were expected to back the newly-formed National Citizens ‌Party (NCP), spearheaded by some of the uprising’s leaders, but it has struggled for their support.

    An alliance with the hardline Jamaat-e-Islami may have further undermined its appeal.

    “They have lost the moral high ground,” said Shudrul ​Amin, ‌a 23-year-old archaeology student at Jahangirnagar University. “Voters who ‍wanted a ‘New Bangladesh’ free from the baggage of the ⁠past now feel they are being forced to choose between the old guard and a student‑Islamist alliance.”

    Shama Debnath, a 24-year-old Hindu, said politics remained “trapped in an ‘either this or that’ framework” with no new vision or choices.

    ‘SPIRIT OF REVOLUTION LOST’

    The interim government of Nobel laureate Muhammad Yunus has also disappointed many in Gen-Z after it failed to rein in mob violence targeting journalists and minorities.

    “After a year, I feel the spirit of the July revolution is completely lost,” said Hema Chakma, a 23-year-old Buddhist student. “I am not saying the previous situation was good, but I feel the violence has increased a lot and the interim government is not taking any steps.”

    Interviews with young Bangladeshis also betrayed unhappiness with the economy, the spark for the revolt that led to Hasina’s eventual exile in India.

    NCP’s spokesperson Asif Mahmud, 27, who rose to prominence during the protests and served in Yunus’ government, said the party was constrained by being new and having mostly younger members. It also lacked resources, grassroots organisation and financial ​muscle, he added.

    Mahmud stressed the alliance with Jamaat was strategic rather than ideological and there would be no move towards sharia law.

    “We will work to fulfill expectations of the youth in the present and also in the future as promised,” he said.

    Despite their misgivings, most Gen-Z Bangladeshis told Reuters they remained hopeful about the election itself, where 300 seats are being contested.

    There will be a simultaneous referendum on reforms to state institutions, including term limits for prime ministers, stronger presidential powers and greater independence for the judiciary and election authorities.

    Willingness to vote was as high as 97% among those aged 18 to 35,  with an almost even split between BNP and Jamaat, according to a recent poll by the Bangladesh Youth Leadership Center, a youth‑focused leadership platform.

    “People are going to vote and that is enough,” said 26-year-old student activist Umama Fatema, a key figure in the 2024 uprising, adding that only a democratically elected “stable government” could steer Bangladesh.

    For some, that means the BNP.

    “Given that the new students’ party has shattered our hopes, I have decided to vote for BNP,” said 25-year-old Maisha Maliha, saying she believed the country needed a strong, united political party with enough people on the ground.

    Others say the Islamists should have a chance. “We have seen BNP before, so Jamaat seems like a new option,” said 20-year-old Erisha Tabassum.

    ‘NOT READY TO GIVE UP’

    Tasnim Jara, a doctor who returned from Britain to join the ​NCP but quit because of the Islamist alliance, is now contesting as an independent, determined to help foster what she calls a “genuinely new political culture”.

    The 31-year-old spent two frantic days going door-to-door to collect the 5,000 signatures required to validate her nomination.

    “The July uprising created hope that people like us, who were never part of the old political guard, could finally enter politics and change how it is practised,” said Jara.

    “I do believe there is hope for a genuine political alternative in Bangladesh. But it will not emerge overnight,” she said.

    Such efforts still resonate with some young voters.

    H.M. Amirul Karim, a 25-year-old ​English literature student, said: “I continue to dream that even if not now, the desire for a new political structure will become a reality. I am not ready to give up.”

    (Reporting by Ruma Paul and Tora Agarwala; Additional reporting by Zia Chowdhury: Editing by YP Rajesh and Kate Mayberry)

    Copyright 2026 Thomson Reuters.

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  • Mark Tully, BBC correspondent known as the ‘voice of India,’ dies at 90

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    Mark Tully, a longtime BBC correspondent who was widely known as the “voice of India” for his reporting on the South Asian nation, has died, the broadcaster said. He was 90.Tully died Sunday at a New Delhi hospital after a brief illness.Video above: Remembering those we lost in 2026Born in India’s Kolkata city in 1935, Tully joined the BBC in 1965 and was appointed its New Delhi correspondent in 1971. He later served for more than two decades as the BBC’s bureau chief for South Asia.Tully reported on some of India’s most consequential events, including the 1971 India-Pakistan war that led to the creation of Bangladesh, the siege of the Golden Temple in 1984, the 1991 assassination of Prime Minister Rajiv Gandhi and the 1992 demolition of the Babri mosque, which triggered nationwide riots.Tully also reported from Pakistan, Bangladesh and Sri Lanka.Indian Prime Minister Narendra Modi described Tully as “a towering voice of journalism.”“His connect with India and the people of our nation was reflected in his works. His reporting and insights have left an enduring mark on public discourse,” Modi wrote on X.Britain knighted Tully in 2002 for services to broadcasting and journalism. He also received two of India’s highest civilian honors, the Padma Shri and the Padma Bhushan.

    Mark Tully, a longtime BBC correspondent who was widely known as the “voice of India” for his reporting on the South Asian nation, has died, the broadcaster said. He was 90.

    Tully died Sunday at a New Delhi hospital after a brief illness.

    Video above: Remembering those we lost in 2026

    Born in India’s Kolkata city in 1935, Tully joined the BBC in 1965 and was appointed its New Delhi correspondent in 1971. He later served for more than two decades as the BBC’s bureau chief for South Asia.

    Tully reported on some of India’s most consequential events, including the 1971 India-Pakistan war that led to the creation of Bangladesh, the siege of the Golden Temple in 1984, the 1991 assassination of Prime Minister Rajiv Gandhi and the 1992 demolition of the Babri mosque, which triggered nationwide riots.

    Tully also reported from Pakistan, Bangladesh and Sri Lanka.

    Indian Prime Minister Narendra Modi described Tully as “a towering voice of journalism.”

    “His connect with India and the people of our nation was reflected in his works. His reporting and insights have left an enduring mark on public discourse,” Modi wrote on X.

    Britain knighted Tully in 2002 for services to broadcasting and journalism. He also received two of India’s highest civilian honors, the Padma Shri and the Padma Bhushan.

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  • What a Randomized Control Trial in Uttar Pradesh, India, Teaches Us About Improving Math Learning with Khan Academy

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    Deepak Agarwal, Principal Scientist, Khan Academy India

    India has made remarkable progress in getting children into school. But learning outcomes—especially in mathematics—remain a challenge. Many students move from grade to grade without mastering foundational concepts, and the gaps keep widening over time.

    Over the past few years, education technology has emerged as a potential solution, but evidence from schools across India and globally shows that its impact depends heavily on how it is used. 

    A randomized controlled trial (RCT) led by University of Toronto researcher Philip Oreopoulos shows that when Khan Academy’s technology-based learning platform is implemented as intended, students learn significantly more than otherwise comparable students.

    What is a randomized controlled trial (RCT)?

    A randomized controlled trial is the most rigorous way to answer the key question: Did this program cause an increase in student learning or would the same thing have happened anyway? Imagine you want to test whether a new math program causes students to learn more. You take a group of schools that are broadly similar—same grades, similar backgrounds, same syllabus—and then randomly assign some schools to implement the program. These schools are called “Treatment” schools. Other schools continue with business as usual and are called “Control” schools. The program is implemented in the Treatment schools during the school year and also within the school’s timetable. If at the end of the program, on average, students in the Treatment schools outperform students in the Control schools, the difference can be attributed to the program.

    The intervention: Regular use of Khan Academy for math practice, with the support of lab in-charges

    In partnership with the Uttar Pradesh Department of Social Welfare, Khan Academy was implemented in 74 residential schools for students in Grades 6–8. Classroom teaching continued as usual in all schools. Khan Academy was used as a supplement to support practice, not to replace instruction. Twice a week in the computer lab, teachers and students were recommended to use Khan Academy for lesson-aligned practice and remediation using syllabus-matched exercises and videos. Students used individual devices (computers or tablets) for independent practice in online mode during designated timetable slots and under teacher supervision. This allowed for personalized pace and progression.

    “Khan Academy was used as a supplement to support practice, not to replace instruction.”

    Out of the 74 total schools in the study, 24 schools were randomly selected to be part of the Treatment group, and the remaining 50 schools made up the Control group. The schools in the Treatment group received additional implementation support in the form of non-instructional facilitators who visited treatment schools twice a week, referred to in this study as lab in-charges. Their responsibilities were to ensure two Khan Academy sessions per week, troubleshoot technical- and program-related challenges, monitor student progress data, and work with school leadership to integrate Khan Academy practice into mandatory curriculum time. The Control schools had access to Khan Academy, but the Khan Academy program was not actively promoted in the Control schools during the intervention period. 

    Over the course of seven months, the study included approximately 2,000 students in the Treatment condition and 3,500 students in the Control condition. Students’ learning outcomes were measured through baseline and endline mathematics assessments administered to students in grades 6-8. An independent assessment agency developed grade-specific tests aligned with both CBSE and UP Board curricula and administered in Hindi.

    “The schools in the Treatment group received additional implementation support in the form of non-instructional facilitators who visited treatment schools twice a week, referred to in this study as lab in-charges.”

    Clear evidence of learning gains

    Students in Treatment schools scored 0.44 to 0.47 standard deviations higher than students in the control group on the end-of-year mathematics assessment. To contextualize these magnitudes, a 0.44 to 0.47 standard deviation gain represents moving an average student from the 50th percentile to approximately the 67th or 68th percentile.

    Why did students learn more? Because they practiced more. Students in the Treatment group used Khan Academy for an average of ~47 minutes per week to practice math content that was closely integrated with the classroom curriculum. When there is clear ownership, monitoring, and motivation to use the program, usage increases. Many edtech platforms do not see students achieving meaningful levels of practice time. This study shows one means to achieve that.

    More practice led to more learning—even 15 minutes per week made a difference

    During the study, students in the Treatment group used Khan Academy twice per week for an average of 47 minutes, but the amount of time they spent was not uniform across the board. Some students used Khan Academy more while others used it less. We analyzed this variation in time spent by each student and correlated it with the associated learning gains (see figure below). This analysis shows that even 15 minutes of usage each week can help students make considerable progress. What’s more, learning gains are proportional to the amount of time students spend practicing on the platform. In other words, more practice means more learning.

    Learning gains were consistent across grades and genders, as well as for students at different starting points

    Another highly important and desirable feature of Khan Academy implementation is that its benefits were not limited to a small subset of students. Learning gains for the Treatment group were consistent across grades, genders, and performance levels, indicating that students of all backgrounds and ability levels can benefit from using the Khan Academy (see figure below). 

    What this means

    This randomized controlled trial shows that when there is support for implementation, students can reach desired levels of usage and realize significant learning gains. Digital learning tools can deliver large gains when schools are given enough support to use them efficiently—even in challenging real-world settings.

    When thoughtful structures are put in place to ensure regular practice and logistical challenges are addressed, it creates an environment in which technology usage translates to improved skill mastery and ultimately results in test-score gains. In such a setting, students engage more deeply with their studies and learn more effectively. The technology becomes a vehicle for activating the processes necessary for facilitating deep learning.

    “This randomized controlled trial demonstrates that, with adequate implementation support, students can achieve target levels of dosage and realize significant learning gains.”

    Khan Academy supported such an intervention by providing mastery-based, curriculum-aligned practice in Hindi, enabling students to learn at their own pace while giving teachers and lab in-charges visibility into student progress. The combination of content delivered in their native language, regular practice time, sustained engagement, and efficient practice time successfully converted platform access into meaningful skill development. The results demonstrate that when digital learning tools are thoughtfully integrated into the curriculum, they can deliver large and equitable gains. 

    **

    Read Dr. Oreopoulous’ working paper with the findings here. 


    1 Standard deviation is a common way researchers compare learning gains across different tests and settings. It measures how much scores shift relative to the typical spread of student performance. Reporting results in standard deviation units allows learning gains to be compared across studies, even when assessments differ.

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  • India PM Modi’s Party Elects Youngest-Ever President With Eye to Youth Vote

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    MUMBAI, Jan 20 (Reuters) – Prime Minister Narendra ‌Modi’s ​Bharatiya Janata Party (BJP) chose ‌a little-known legislator from India’s poorest state as the ​party’s youngest president on Tuesday, a generational shift in the effort to ‍retain young voters.

    Nitin Nabin, ​45, takes over from outgoing president J.P. Nadda, 65, months ​before key ⁠state elections, one of them in the eastern state of West Bengal, which the BJP has never won and is strongly focused on.

    A five-time lawmaker from the eastern state of Bihar, Nabin was elected ‌unopposed as the party’s 12th president after Modi and other leaders ​proposed him.

    Hundreds ‌of workers watched at ‍party ⁠headquarters in New Delhi as Nabin, his forehead smeared with a vermillion mark and his shoulders wrapped in a scarf with the party symbol, took the oath of office before Modi and four past presidents.    

    “When it comes to the party, I am a worker and he is my ​boss,” Modi, 75, said in his remarks, pointing to Nabin, who will serve a three-year term.

    In his speech, Nabin repeatedly praised Modi as a generational leader and urged young people to take an active part in politics. 

    More than 40% of India’s one billion voters are aged between 18 and 39, the Election Commission and analysts estimate. 

    The BJP suffered a shock setback in the 2024 general election as Modi lost his majority after 10 years ​in power and had to rely on regional allies to form a government.

    But it has since regained ground, winning critical state and civic body elections. The party and its allies govern 19 ​of India’s 28 states. 

    (Reporting by Shilpa Jamkhandikar; Editing by YP Rajesh and Clarence Fernandez)

    Copyright 2026 Thomson Reuters.

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  • UK Populist Reform Party Attracts Latest Conservative Defector

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    LONDON, Jan 18 (Reuters) – Britain’s populist ‌Reform ​UK party won another ‌defector from the country’s once dominant Conservative ​Party on Sunday, attracting lawmaker Andrew Rosindell, part of the ‍Conservatives’ foreign policy team, ​who said it was time “to put country before ​party”.

    With Reform ⁠UK well ahead in the opinion polls before a national election due in 2029, Rosindell is one of more than 20 serving or former Conservative lawmakers to switch to the ‌party led by veteran Brexit campaigner Nigel Farage. His ​move gives ‌Reform seven seats ‍in ⁠the 650-seat parliament.

    Rosindell announced his resignation from his position and from the party “with sorrow” on X, saying “the failure of the Conservative Party both when in government and more recently in opposition” to challenge Prime Minister Keir Starmer’s decision to cede sovereignty ​of the Chagos Islands to Mauritius was “a clear red line for me”.

    “Both the government and the opposition (Conservatives) have been complicit in the surrender of this sovereign British territory to a foreign power,” he said.

    The Chagos deal allows Britain to retain control of a strategically important U.S.-UK air base on Diego Garcia, the largest island of the archipelago in the Indian ​Ocean, under a 99-year lease.

    Farage, who welcomed former Conservative leadership candidate Robert Jenrick to his party on Thursday, said in a statement that Rosindell would be “a ​great addition to our team”.

    (Reporting by Elizabeth Piper; Editing by Paul Simao)

    Copyright 2026 Thomson Reuters.

    Photos You Should See – January 2026

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  • India Gets Trump’s Invite to Join Board of Peace on Gaza, Source Says

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    NEW DELHI, Jan 18 (Reuters) – ‌India ​has received an ‌invitation from U.S. President Donald ​Trump to join his “Board of Peace” initiative ‍that is aimed at ​resolving global conflicts, beginning with ​Gaza, ⁠a senior Indian government official said on Sunday.

    It was not clear whether India would join the initiative. Its foreign ministry did not ‌immediately respond to a request for comment.

    The ​invitation ‌to India comes ‍as ⁠ties between New Delhi and Washington are under strain due to the failure to secure a trade deal that would lower tariffs on India’s exports to the U.S. ​that are facing a levy of 50% currently, among the highest in the world.

    Trump has extended invitations to some 60 countries for the initiative, including India’s neighbour Pakistan, whose government said earlier in the day that it would engage in international efforts for peace ​and security in the Palestinian enclave of Gaza.

    (Reporting by Shivam Patel in New Delhi; Additional reporting by Devika Nair ​in Bengaluru; Editing by Louise Heavens and Jane Merriman)

    Copyright 2026 Thomson Reuters.

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  • Pakistan Eyes Defence Pact With Bangladesh, Sale of JF-17 Jets

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    ISLAMABAD, Jan 7 (Reuters) – The air force ‌chiefs ​of Pakistan and Bangladesh held talks ‌on a potential pact covering the sale of JF-17 Thunder fighter ​jets to Dhaka, Pakistan’s military said, as Islamabad widens its arms supply ambitions and beefs up ties ‍with Bangladesh.

    The talks in Islamabad ​come as Pakistan looks to capitalise on the success of its air force in the ​conflict with ⁠arch-foe India in May last year, the worst fighting in nearly three decades between the nuclear-armed neighbours.

    Pakistan’s Air Chief Marshal Zaheer Ahmed Baber Sidhu and Bangladesh counterpart Hasan Mahmood Khan had detailed talks on procurement of the JF-17 Thunder, a multi-role combat aircraft jointly developed with ‌China, the military’s press wing said.

    Pakistan has also assured Bangladesh of the “fast-tracked delivery of Super ​Mushshak ‌trainer aircraft, along with a ‍complete training ⁠and long-term support ecosystem,” it added in Tuesday’s statement.

    The talks signal improving ties as the South Asian nations have grown closer since massive protests in August 2024 drove then-Prime Minister Sheikh Hasina to flee to India, shattering Dhaka’s relationship with New Delhi.

    “The visit underscored the strong historical ties between Pakistan and Bangladesh and reflected a shared resolve to deepen defence cooperation and build a long-term strategic ​partnership,” the military said.

    In the wake of Hasina’s ouster, Islamabad and Dhaka have resumed direct trade for the first time since the 1971 war that brought independence for Bangladesh, while their military officials have held several meetings.

    Under an interim administration led by Nobel laureate Muhammad Yunus, Bangladesh is set for general elections on February 12 that could lead to a significant government role for a once-banned Bangladeshi Islamist party with links to Pakistan.

    The JF-17s have become the cornerstone of the Pakistani military’s weapons development program, figuring in a deal with Azerbaijan and a $4-billion weapons pact ​with the Libyan National Army.

    On Tuesday, Pakistan’s defence minister said the success of its weapons industry could transform the country’s economic outlook.

    “Our aircraft have been tested, and we are receiving so many orders that Pakistan may not need the International Monetary ​Fund in six months,” Khawaja Asif told broadcaster Geo News.

    (Reporting by Saad Sayeed and Mubasher Bukhari; Editing by Clarence Fernandez)

    Copyright 2026 Thomson Reuters.

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  • Trump Says He Doesn’t Believe Ukraine Struck Putin Residence

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    ABOARD AIR FORCE ‌ONE, ​Jan 4 (Reuters) – U.S. ‌President Donald Trump said ​he did not believe that an ‍alleged Ukrainian strike ​on President Vladimir ​Putin’s ⁠residence took place as claimed by Russia.

    “I don’t believe that strike happened,” Trump told reporters on Sunday aboard Air ‌Force One en route back to ​Washington, ‌D.C., from Florida. “There ‍is ⁠something that happened fairly nearby, but had nothing to do with this.”

    Moscow accused Kyiv on Monday of trying to strike a residence of Putin ​in Russia’s northern Novgorod region with 91 long-range attack drones, and said Russia would review its negotiating position in ongoing talks with the U.S. on ending the Ukraine war.

    Ukraine and Western countries have disputed Russia’s ​account of the alleged attempted strike.

    (Reporting by Gram Slattery aboard Air Force One and Lawrence ​Delevingne in Boston; Editing by Christian Schmollinger)

    Copyright 2026 Thomson Reuters.

    Photos You Should See – December 2025

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  • French and Malaysian authorities are investigating Grok for generating sexualized deepfakes | TechCrunch

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    Over the past few days, France and Malaysia have joined India in condemning Grok for creating sexualized deepfakes of women and minors.

    The chatbot, built by Elon Musk’s AI startup xAI and featured on his social media platform X, posted an apology to its account earlier this week, writing, “I deeply regret an incident on Dec 28, 2025, where I generated and shared an AI image of two young girls (estimated ages 12-16) in sexualized attire based on a user’s prompt.”

    The statement continued, “This violated ethical standards and potentially US laws on [child sexual abuse material]. It was a failure in safeguards, and I’m sorry for any harm caused. xAI is reviewing to prevent future issues.”

    It’s not clear who is actually apologizing or accepting responsibility in the statement above. Defector’s Albert Burneko noted that Grok is “not in any real sense anything like an ‘I’,” which in his view makes the apology “utterly without substance” as “Grok cannot be held accountable in any meaningful way for having turned Twitter into an on-demand CSAM factory.”

    Futurism found that in addition to generating nonconsensual pornographic images, Grok has also been used to generate images of women being assaulted and sexually abused.

    “Anyone using Grok to make illegal content will suffer the same consequences as if they upload illegal content,” Musk posted on Saturday.

    Some governments have taken notice, with India’s IT ministry issuing an order on Friday saying that X must take action to restrict Grok from generating content that is “obscene, pornographic, vulgar, indecent, sexually explicit, pedophilic, or otherwise prohibited under law.” The order said that X must respond within 72 hours or risk losing the “safe harbor” protections that shield it from legal liability for user-generated content.

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    French authorities also said they are taking action, with the Paris prosecutor’s office telling Politico that it will investigate the proliferation of sexually explicit deepfakes on X. The French digital affairs office said three government ministers have reported “manifestly illegal content” to the prosecutor’s office and to a government online surveillance platform “to obtain its immediate removal.”

    The Malaysian Communications and Multimedia Commission also posted a statement saying that it has “taken note with serious concern of public complaints about the misuse of artificial intelligence (AI) tools on the X platform, specifically the digital manipulation of images of women and minors to produce indecent, grossly offensive, and otherwise harmful content.”

    The commission added that it is “presently investigating the online harms in X.”

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  • Sugar Prices Slump as Production Jumps in India

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    March NY world sugar #11 (SBH26) on Friday closed down -0.41 (-2.73%).  March London ICE white sugar #5 (SWH26) closed down -8.90 (-2.08%).

    Sugar prices dropped to 2-week lows on Friday and finished sharply lower.  Sugar prices retreated after the India Sugar Mill Association (ISMA) reported Thursday that Indian sugar production for 2025-26, from October 1 to December 31, jumped 25% y/y to 11.90 MMT from 9.54 MMT the same time last year.

    Signs of a larger sugar crop in India, the world’s second-largest producer, are undercutting prices after the India Sugar Mill Association (ISMA) on November 11 raised its 2025/26 India sugar production estimate to 31 MMT from an earlier forecast of 30 MMT, up +18.8% y/y.  The ISMA also cut its estimate for sugar used for ethanol production in India to 3.4 MMT from a July forecast of 5 MMT, which may allow India to boost its sugar exports.  Meanwhile,

    Sugar prices have been under pressure amid prospects of higher sugar exports from India, after India’s food secretary said the government may permit additional sugar exports to reduce a domestic supply glut.  In November, India’s food ministry said it would allow mills to export 1.5 MMT of sugar in the 2025/26 season.  India introduced a quota system for sugar exports in 2022/23 after late rain reduced production and limited domestic supplies.

    On Monday, NY sugar matched last Wednesday’s 2.25-month high on expectations of smaller future sugar supplies from Brazil.  Last Tuesday, consulting firm Safras & Mercado said that Brazil’s sugar production in 2026/27 will fall by -3.91% to 41.8 MMT from 43.5 MMT expected in 2025/26.  The firm expects Brazil’s sugar exports in 2026/27 to fall -11% y/y to 30 MMT.

    The outlook for record sugar output in Brazil is bearish for prices.  Conab, Brazil’s crop forecasting agency, on November 4 raised its Brazil 2025/26 sugar production estimate to 45 MMT from a previous forecast of 44.5 MMT.  Unica reported on December 16 that Brazil’s cumulative 2025-26 Center-South sugar output through November rose by +1.1% y/y to 39.904 MMT.  Also, the ratio of cane crushed for sugar rose to 51.12% in 2025/36 from 48.34% in 2024/25.

    On the bearish side for sugar, the International Sugar Organization (ISO) on November 17 forecast a 1.625 million MT sugar surplus in 2025-26, following a 2.916 million MT deficit in 2024-25.  ISO said the surplus is being driven by increased sugar production in India, Thailand, and Pakistan.  ISO is forecasting a +3.2% y/y rise in global sugar production to 181.8 million MT in 2025-26.  Meanwhile, sugar trader Czarnikow on November 5 boosted its global 2025/26 sugar surplus estimate to 8.7 MMT, up +1.2 MMT from a September estimate of 7.5 MMT.

    The outlook for higher sugar production in Thailand is bearish for prices.  The Thai Sugar Millers Corp on October 1 projected that Thailand’s 2025/26 sugar crop will increase by +5% y/y to 10.5 MMT.  Thailand is the world’s third-largest sugar producer and the second-largest exporter.

    The USDA, in its bi-annual report released on December 16, projected that global 2025/26 sugar production would climb +4.6% y/y to a record 189.318 MMT and that global 2025/26 human sugar consumption would increase +1.4% y/y to a record 177.921 MMT.  The USDA also forecast that 2025/26 global sugar ending stocks would fall by -2.9% y/y to 41.188 MMT.  The USDA’s Foreign Agricultural Service (FAS) predicted that Brazil’s 2025/26 sugar production would rise by 2.3% y/y to a record 44.7 MMT.  FAS also predicted that India’s 2025/26 sugar production would increase by 25% y/y to 35.25 MMT, driven by favorable monsoon rains and increased sugar acreage.  In addition, FAS predicted that Thailand’s 2025/26 sugar production will increase by +2% y/y to 10.25 MMT.

    On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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  • India’s Gen Z Borrows To Spend, Chinese Gen Z Saves To Survive

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    A staggering 27% of personal loans in India during the first half of 2025 were taken out for travel, a first in the country’s financial history, marking a seismic shift in borrowing behavior among Gen Z.

    Sarthak Ahuja, an investment banker and author, sounded the alarm in a LinkedIn post. “For the first time in the history of India, the No. 1 reason to take a personal loan is not a medical emergency, home renovation or to buy an asset… but travel,” he wrote.

    The data paints a sharp contrast with earlier generations, who typically borrowed for essentials or long-term assets. Now, Ahuja says, Gen Z is increasingly using credit to fund what he calls “status-driven consumption.”

    That includes financing flights to attend expensive concerts and buying iPhones on EMIs, with 70% of iPhone sales now happening via installment payments. In a striking data point, 39% of Gen Z reportedly borrowed money for necessities like rent, groceries, and utilities in 2024.

    Ahuja attributes this shift to two primary forces. First, sky-high housing prices have crushed homeownership dreams for many young Indians. 

    “A young Indian thinks, how can I ever afford to pay a Rs 2 lakh EMI for 20 years to buy a simple house,” he noted. In response, they choose to spend on immediate gratification, luxury goods, travel, and social media-fueled experiences.

    Second, fintech innovation has removed much of the friction from borrowing. With zero-cost EMIs and Buy Now Pay Later (BNPL) schemes embedded directly into checkout pages, loans under Rs 50,000 are often approved in under a minute. This has turbocharged unsecured lending for small-ticket items.

    The trend mirrors and contrasts the consumer trajectory of Gen Z in China. Between 2015 and 2019, Chinese youth indulged in similarly aggressive borrowing for status purchases. But post-COVID economic stress has triggered a reversal. “That generation has shifted from revenge spending to revenge saving,” Ahuja wrote.

    In China, gold, specifically “gold beans” that weigh just one gram, has become a new status symbol among young savers, signaling a pivot toward financial prudence and intellectual capital. “While Indians are thinking I should borrow today because I will earn tomorrow, Chinese are thinking let me save today because I may not have a job tomorrow,” Ahuja said.

    The shift in India has also redrawn the map for consumer businesses. Direct-to-consumer (D2C) brands are now targeting Gen Z more aggressively, banking on their willingness to borrow for Instagram-worthy lifestyles.

    Ahuja’s takeaway? “If you’re getting jealous of someone’s holiday or iPhone on social media, don’t be, know that it could be on borrowed money.” 


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