Latest News, Updates & Breaking Headlines
US President Donald Trump said Friday that his administration would decide which oil companies will be allowed to operate in Venezuela following the capture of its leader, Nicolas Maduro, and pledged to guarantee security for their operations.“We’re going to be making the decision as to which oil companies are going to go in, that we’re…
Microsoft’s chief scientist, Eric Horvitz, has expressed concern over the Trump administration’s decision to slash billions in funding for colleges and universities. He has issued a warning that the cuts in US federal funding cuts for academic research may permanently surrender America’s lead in the global AI race to international rivals like China. According to…
Tech giants, including Apple, are reportedly camping out in South Korean hotels to secure crucial memory chip supplies. A global shortage, driven by AI demand, has sent RAM prices soaring, forcing companies to negotiate long-term contracts. This situation could lead to higher iPhone prices or reduced memory in future models. Apple has stationed executives in…
The finance ministry has directed public sector banks and financial institutions, including insurance companies, to ensure prompt reporting of vigilance-related matters concerning whole-time directors (WTDs), citing repeated instances of delayed or incomplete disclosures, PTI reported.In an advisory issued by the Department of Financial Services (DFS) earlier this month, the ministry said adverse information about board-level…
ChatGPT-maker OpenAI is among AI giants in the industry and as the company moved inroads into the expanding AI landscape, it is also the one to go under one of biggest transformation in 2025. OpenAI faced ‘brain drain’ of top-tier talent, losing mostly to Mark Zuckerberg’s Meta, the parent company of Facebook and Instagram. The…
Salesforce is scaling back its reliance on large language models due to reliability issues, as acknowledged by executives. The company is shifting towards more predictable ‘deterministic’ automation in its Agentforce product, aiming to eliminate AI’s inherent randomness. Salesforce, one of the world’s most valuable enterprise software companies, is pulling back from its heavy reliance on…
Apple is facing its most severe talent crisis in decades as a wave of departures reshapes the company’s leadership structure and threatens its competitive position in artificial intelligence. The crisis runs deeper than executive departures; several dozen engineers have departed the company for OpenAI and Meta, creating a talent exodus at iPhone maker. The scale…
Google co-founders Larry Page and Sergey Brin have moved into the top 5 richest people in the world, after a massive reshuffle in the global wealth rankings, according to Forbes’ Real-Time Billionaires List. The rapid increase in their wealth has been directly attributed to the successful launch of Google Gemini 3 AI model. Essentially, Larry…
Nvidia vice presidents fly economy class for work travel despite the chip giant’s market capitalisation exceeding $4 trillion, according to a senior executive at the company. Vladimir Troy, vice president of AI infrastructure at Nvidia, has shared on LinkedIn that the company’s – specifically CEO Jensen Huang’s – “one team” culture that results in modest…
MUMBAI: Markets regulator Sebi on Monday barred Man Industries and two of its current and one former top executives from accessing the securities markets for two years over alleged fund diversion, misrepresentation of financial statements and delayed disclosures to the exchanges.The company, its chairman Ramesh Mansukhani, its MD Nikhil Mansukhani, and Ashok Gupta, a former…
