Telangana has launched a free AI and cloud computing training programme for one lakh students across 643 TASK-affiliated colleges. The initiative is a partnership between TASK and Amazon Web Services, and it covers students from both STEM and non-STEM backgrounds, including Arts and Commerce. Enrolled students will receive a year of free access to over 900 digital courses through AWS Skill Builder, along with certification discount vouchers, job fairs and faculty training.
Goldman Sachs has updated its AI adoption tracker with data through October 2026. Global semiconductor revenue is expected to reach $872 billion by the end of 2026, while US AI-related hardware investment stands at $613 billion. AI adoption among US establishments has risen to 24.6%, and corporate layoffs attributed to AI have reached 207,000 since May 2023. Studies cited in the tracker show a 23% average productivity increase from generative AI deployment.
BofA Global Research has warned that a slowdown in AI spending poses a major risk to the global economy. Data center construction spending hit a record annual rate of $84.95 billion in August, up 73% from a year earlier. Meanwhile, Morgan Stanley reports that hedge funds have reduced their holdings in AI stocks, marking the first time since 2023 that funds are underweight AI. Japanese stocks also slipped as investors worried about heavy AI spending and rising borrowing costs.
OpenAI has proposed renaming its data centers as AI compute campuses to address public concerns about their environmental impact. A recent Pew Research poll found 54% of Americans believe AI data centers harm the environment. Amazon and Microsoft are also promising not to use NDAs with local governments. In separate investment news, Samsung SDS has started construction on a 60-megawatt AI data center in Gumi, South Korea, as part of a KRW60 trillion investment plan.
Marvell Technology is in advanced talks to acquire Lumentum for more than $80 billion, aiming to combine Marvell's custom silicon with Lumentum's lasers and optical components to dominate AI infrastructure. Chinese companies are also shifting focus toward embodied AI for industrial robots, with firms raising 93.5 billion yuan, about $13 billion, across 322 deals in the first half of 2026, five times the amount raised a year earlier. Former Microsoft security executive Edna Conway has joined the Known Advisory Council to help advance DNSid, an open DNS-based system linking AI agents to accountable organizations.
Key Takeaways
- Telangana partners with Amazon Web Services to offer free AI and cloud training to one lakh students across 643 colleges.
- Goldman Sachs projects global semiconductor revenue will reach $872 billion by end of 2026, with US AI hardware investment at $613 billion.
- Data center construction spending hit a record $84.95 billion in August, up 73% year over year.
- BofA warns that a slowdown in AI spending is a major risk to the global economy.
- Morgan Stanley reports hedge funds are underweight AI stocks for the first time since 2023.
- OpenAI proposes renaming data centers as AI compute campuses amid public environmental concerns.
- Amazon and Microsoft pledge not to use NDAs with local governments over data center operations.
- Marvell is in advanced talks to acquire Lumentum for over $80 billion to strengthen AI infrastructure.
- Chinese embodied AI companies raised $13 billion in the first half of 2026, five times the prior year's total.
- Samsung SDS begins construction on a 60MW AI data center in Gumi, South Korea, under a KRW60 trillion investment plan.
Telangana launches free AI training for one lakh students
Telangana announced a free AI and cloud computing training programme for one lakh students across 643 TASK-affiliated colleges. The Telangana AI and Cloud Skilling Initiative is implemented by TASK in collaboration with Amazon Web Services. Students will receive training in AI, cloud computing, data engineering, machine learning and generative AI. The programme includes access to AWS Cloud Console, AWS Skill Builder courses, job fairs and faculty training.
One lakh students to get free AI and cloud computing training
Telangana Minister for IT and Industries D. Sridhar Babu announced that one lakh students will receive free AI and cloud computing training. The programme is being implemented by TASK in collaboration with Amazon Web Services. Students from 643 colleges including Arts and Commerce streams will be covered. Enrolled students will get one year free access to over 900 digital courses through AWS Skill Builder along with certification discount vouchers.
Telangana launches free AI training for one lakh students
Telangana has launched the Telangana AI and Cloud Skilling Initiative for one lakh students. The programme was announced by D. Sridhar Babu after TASK and AWS signed an agreement at the Dr. B.R. Ambedkar Telangana Secretariat. Students will be trained in AI, cloud computing, data engineering, machine learning and generative AI. The initiative also includes industry sessions, hackathons, job fairs and faculty training across non-STEM and STEM disciplines.
Telangana AI training programme to cover one lakh students
Telangana announced a free AI and cloud computing training programme for one lakh students in 643 TASK-affiliated colleges. The initiative is a partnership between TASK and Amazon Web Services and places no financial burden on the government or students. Students from non-STEM courses like Arts and Commerce will also have specialised learning tracks. The programme offers AWS Cloud Console access, certification vouchers and job fairs for eligible students.
Goldman Sachs updates AI adoption tracker through October 2026
Goldman Sachs released an update to its AI adoption tracker with data through October 2026. Global semiconductor revenue is expected to reach $872 billion by the end of 2026. US AI-related hardware investment stands at $613 billion and AI adoption among US establishments rose to 24.6%. Corporate layoffs attributed to AI reached 207,000 since May 2023, while studies show a 23% average productivity increase from generative AI deployment.
BofA warns AI boom poses major risk to global economy
BofA Global Research says a slowdown in AI spending is a major risk to the global economy. Investors worry as spending on data centers rises, so do financial risks. The comments came the day before midterm votes where 41 local data center measures were on the ballot across 10 states. Politicians in Texas and Ohio are also facing pressure over data center support. Meanwhile, data center construction spending hit a record annual rate of $84.95 billion in August, up 73% from a year earlier.
Morgan Stanley says hedge funds are underweight AI stocks
Morgan Stanley reports that hedge funds have reduced their holdings in AI stocks. This marks the first time since 2023 that funds are underweight AI. The shift shows growing caution among investors about the future of AI spending. The change comes as concerns about the sustainability of the AI trade continue to grow.
China's robot makers focus on AI software for industrial robots
Chinese companies are shifting from building humanoid robots to developing the AI that makes them useful. This area, called embodied AI, helps robots learn and adapt to new tasks. Chinese embodied AI companies raised 93.5 billion yuan, about $13 billion, across 322 deals in the first half of 2026. That is five times the amount raised a year earlier. Funding is now reaching software developers alongside hardware manufacturers.
OpenAI proposes renaming data centers as AI compute campuses
OpenAI wants to call its data centers AI compute campuses to address public concerns. The company says the new name better reflects the size and energy needs of the facilities. A recent Pew Research poll found 54% of Americans believe AI data centers harm the environment. Amazon and Microsoft are also promising not to use NDAs with local governments. OpenAI is also working on a public relations push ahead of the November 3 US midterm elections.
Japanese stocks fall as AI spending worries hit tech shares
Japanese stocks edged lower on Monday as investors worried about heavy AI spending and rising borrowing costs. The Nikkei 225 index fell 0.08% to 63,080.26. The broader Topix index declined 0.06% to 1,944.59. SoftBank Group and Tokyo Electron were among the biggest decliners. Oil prices also fell, with Brent crude dropping 0.15% to $85.32 per barrel.
Samsung SDS builds 60MW AI data center in Gumi
Samsung SDS has started construction on a 60-megawatt AI data center in Gumi, South Korea. The project is part of a KRW60 trillion investment plan in the country. The data center will use AI, big data, and cloud computing technologies. It is expected to be completed within the next few years and create jobs in the region.
Edna Conway joins Known Advisory Council
Former Microsoft and Cisco security executive Edna Conway has joined the Known Advisory Council. She previously served as VP and Chief Security and Risk Officer at Microsoft and Chief Security Officer at Cisco. Conway will help Known advance DNSid, an open DNS-based system that links AI agents to accountable organizations. She also serves on advisory boards at NYU, NASA, and the U.S. Department of Commerce.
AI hyperscalers may reach positive cash flow by 2027
Yahoo Finance editor Brian Sozzi discussed the possibility that AI hyperscalers could turn free cash flow positive by late 2027. He warned that hyperscalers have a history of going over budget on CAPEX spending. He said it would be silly to buy stocks now based on that prediction. He advised investors to stay cautious.
Marvell in talks to acquire Lumentum for over $80 billion
Marvell Technology is in advanced talks to acquire Lumentum for more than $80 billion. The deal aims to dominate AI infrastructure by combining Marvell's custom silicon with Lumentum's lasers and optical components. Marvell shares have sold off and now trade at a forward P/E of 26.8x. The merger presents both leverage risks and long-term potential.
Sources
- Telangana AI Training to Reach 1 Lakh Students
- One Lakh Students to Get Free AI, Cloud Computing Training: Sridhar Babu
- Telangana AI Training: 1 Lakh Students to Benefit
- Telangana AI Training for 1 Lakh Students: AWS Programme
- Goldman Sachs updates AI adoption tracker through October 2026
- ‘A major risk to the global economy’: BofA warns about the AI boom the day before a midterm vote framed around data-center backlash
- Morgan Stanley (MS) Says Hedge Funds Are Underweight AI Stocks for the First Time Since 2023
- China's Robot Makers Drive Race for AI-Powered Industrial Robotics
- OpenAI wants to rename data centres as ‘AI compute campuses’ amid growing public backlash
- Japanese Stocks Fall As AI Investment Concerns Weigh on Technology Stocks; Oil Falls
- Samsung SDS Starts AI Data Center Construction Under KRW60 Trillion Investment Plan in South Korea
- Former Microsoft and Cisco Security Executive Edna Conway Joins Known Advisory Council
- Can AI hyperscalers turn cash flow positive by 2027?
- Marvell-Lumentum Merger: Implications Of A Major AI Photonics Deal
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