Global Economic Growth Projections 2024-2026

**New MIT research reveals stark reality** of corporate AI adoption. Only **5% of AI pilot programs** successfully accelerate revenue growth. The remaining 95% stall out, delivering minimal to no measurable impact on company profits. Key findings: - Most AI initiatives fail to translate into business value - Revenue acceleration remains elusive for majority of programs - Gap between AI hype and actual results continues to widen This aligns with previous surveys showing **over half of respondents** consider AI "over-hyped" despite clear impacts in software development. The data suggests companies need better strategies for implementing AI beyond experimental phases.

**Vice President Vance announced that Russia has made significant compromises** toward reaching a peace agreement with Ukraine. This development follows previous diplomatic signals, including Putin's June statement expressing readiness to meet with Ukraine's leadership at the final negotiation stage. **Key points:** - Russia reportedly offering substantial concessions - Potential breakthrough in ongoing peace negotiations - Builds on earlier diplomatic overtures from both sides The announcement suggests **momentum in diplomatic efforts** to resolve the conflict, though specific details of the compromises were not disclosed.

Russia has officially stated there are **no planned summit meetings** between President Putin and Ukrainian President Zelensky. This announcement comes amid ongoing diplomatic efforts, with previous reports indicating Trump had planned calls with both leaders. Earlier this year, Zelensky met with U.S. Vice President J.D. Vance and Secretary of State Marco Rubio in Rome as Russia continued strikes in Ukraine. The lack of direct dialogue between the two leaders suggests **continued diplomatic deadlock** in the conflict.

**TSMC is eliminating Chinese equipment** from its advanced semiconductor manufacturing processes to avoid potential US regulatory backlash. The move represents a significant shift in the chipmaker's supply chain strategy as geopolitical tensions continue to impact the semiconductor industry. **Key developments:** - TSMC previously stopped producing advanced AI chips for China in late 2024 - Latest decision extends restrictions to manufacturing equipment sourcing - Action appears preemptive to maintain compliance with US trade policies This decision reflects the ongoing **US-China tech tensions** and their impact on global semiconductor supply chains. TSMC's proactive approach suggests companies are taking increasingly cautious stances on China-related business activities. The semiconductor giant continues to navigate complex geopolitical pressures while maintaining its position as the world's leading contract chip manufacturer.

India's ambassador confirmed the country will **continue purchasing Russian oil** despite ongoing geopolitical tensions and U.S. sanctions pressure. This follows Russia's recent announcement that it will maintain oil sales to India regardless of American tariffs, highlighting the resilience of this energy partnership. Key implications: - India prioritizes energy security over Western diplomatic pressure - Russia secures a major buyer for its oil exports - Energy trade continues flowing despite sanctions regime The partnership demonstrates how **energy needs often override geopolitical considerations**, particularly for major developing economies like India that require stable, affordable energy sources. This development reinforces the challenges Western nations face in isolating Russia's energy sector through economic measures.