Latest News, Updates & Breaking Headlines
The Middle East conflict is once again shaking global oil markets, and its impact is being felt far beyond the region. As tensions rise, crude prices are shooting up and so is the pressure in India. The government now faces a tough choice: protect consumers from higher fuel prices or help state-run oil companies struggling…
MUMBAI: Nvidia, the global US-based chip giant that’s at the forefront of the ensuing AI revolution across the world, now has a market capitalisation more than the total market cap of all the companies listed in India. Compared to the company’s valuation of $4.91 trillion during opening trades on Friday, India’s was at $4.88 trillion…
The Pentagon on Friday signed agreements with seven leading artificial intelligence companies to run their technology on classified military networks. The War Department named the companies as SpaceX, OpenAI, Google, Nvidia, Reflection, Microsoft, and Amazon Web Services. “Together, the War Department and these strategic partners share the conviction that American leadership in AI is indispensable…
Netflix co-founder and former CEO Reed Hastings believes artificial intelligence (AI) will make skills beyond mathematics and science very important for tech companies. In a recent podcast, Hastings, who is now the chairman of Netflix’s board, said AI could shift the focus toward disciplines such as history, literature, and emotional intelligence.On a recent episode of…
China’s economic planning body, the NDRC, has effectively halted Meta’s $2 billion acquisition of AI firm Manus. Despite the company reincorporating in Singapore and moving its operations, Beijing intervened, barring founders from leaving and ordering the deal unwound. This move signals a significant shift in China’s oversight of tech deals, impacting future foreign investments. Three…
Countering concerns of AI taking over human jobs, Nvidia CEO Jensen Huang recently said that AI has created half a million jobs. Speaking at the Memos to the President podcast, Jensen Huang said that AI is creating jobs and helping companies grow. He added that companies adopting AI are expanding faster and hiring more people,…
Wars and geopolitical conflicts often have unexpected impacts for economies. Countries are struggling with tight energy supplies and companies in the Gulf are forced to rethink their production volumes. The key question is, what impact will the Middle East conflict have on Indian companies?While most Indian retailers are facing losses amid supply concerns, the Iran…
New Delhi: Automobile manufacturers will face cost pressures that is expected to impact their margins and slow down demand in the coming quarters as prices of key raw materials, including steel, metals and plastics , have risen sharply since March, latest data from the Society of Indian Automobile Manufacturers (Siam) showed. Due to war in…
Bengaluru: A logo of the IT major, Bengaluru-headquartered firm, Infosys, in Bengaluru, Karnataka. Mumbai: IT giant Infosys slipped out of the 10 most valued firms in India on Monday. On the other hand, TCS, which was the second most valued company in the country till a few years ago, is now the sixth-most valued company.All…
The rise of agentic AI has triggered a crises in the enterprise software industry. The fear goes something like this: if artificial intelligence (AI) makes every worker more productive, companies will need fewer employees. Fewer employees means fewer software licences, which in turn means the business model that has made enterprise software one of the…
