MIT study finds 95% of generative AI projects are failing: Only hype, little transformation

An MIT study reveals that 95% of generative AI business projects are failing, despite substantial investments. The report highlights a significant divide between AI hype and actual business outcomes, with many companies struggling to integrate AI effectively. Startups are finding more success by focusing on specific problems, while larger corporations face challenges in scaling AI…

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RBI board reviews economic outlook; global and domestic challenges discussed, new MPC nomination cleared

During its 618th meeting in Lucknow, the RBI’s central board assessed the global and domestic economic situation, considering geopolitical risks and financial market trends. The board reviewed the performance of key departments, committees, and the Ombudsman Scheme. Indranil Bhattacharyya, Executive Director, was approved as an ex officio member of the Monetary Policy Committee.

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UGC extends ODL and online admissions deadline for July–August 2025 session: Check details here

The University Grants Commission (UGC) has extended the admission deadline for Open and Distance Learning (ODL) and online programmes for the July–August 2025 session to October 15, 2025, from the earlier September 15. HEIs must comply with UGC regulations, and students are advised to verify programme recognition on the UGC-DEB portal. The extension ensures orderly…

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