01 September 2023
01 September 2023
With ever more stringent regulations, rising protectionism and falling project numbers, Martin Kaspar assesses just how much trouble FDI is in.
Grupo Modelo and Millfoods will spend $300m on a corn processor facility in Guanajuato, a city in central Mexico.
UPS, a US-based logistics company, will invest up to $20m in a technology centre in Chennai, India, creating 1,000 jobs.
France's Plastic Omnium will open a hydrogen storage manufacturing plant in Grand Blanc Township, Michigan, worth $171.2m.
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Per latest GlobalData estimates, the AI market was valued at $81 billion in 2022, and is expected to achieve a CAGR of more than 35% between 2022 and 2030. Gen AI is being experimented with by many leading incumbent banks, new entrants and technology vendors but concerns around data privacy and hallucinations drive caution. More human-like chat bots, and synthetic data for fraud and cyber resilience, are leading possible use cases. However, currently Gen AI is virtually non-existent in terms of “live” customer facing propositions.
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