Latest News, Updates & Breaking Headlines
Chile’s state-owned Codelco, the world’s leading copper producer, and private miner SQM, which features Chinese capital, announced Saturday the creation of a giant company to exploit lithium, a lightweight metal used in batteries for electric vehicles.The South American country is the world’s second-largest producer of lithium, a key component of EVs and other clean technologies,…
UP might soon be home to Taiwan Electrical & Electronic Manufacturers’ Association (Teema)’s technology park as the Uttar Pradesh Yamuna Expressway Industrial Development Authority (Yeida) is emerging as one of the key contenders for the proposed Indian facility, people familiar with the matter said.Foxconn chairman Young Liu, who currently heads Teema, and is part of…
China has reportedly built a working prototype of an advanced chip-making machine, defying Western predictions. Former ASML engineers are said to be behind the project, which aims for semiconductor independence. This development, a six-year government initiative, could significantly alter global chip supply chains, challenging ASML’s monopoly on crucial EUV technology. In a high-security Shenzhen laboratory,…
Wakefit Innovations entered the Dalal Street on a muted note on Monday with its shares trading at Rs 195 on the NSE, matching its issue price. On the BSE it opened slightly lower at Rs 194.1.However, later the stock price jumped to over Rs 200 on both the benchmarks. On the Bombay Stock Exchange, Wakefit…
Oracle posted not-so-good quarterly results that fell short of Wall Street’s revenue expectations. Soon a report by Bloomberg claimed that the tech giant has postponed the completion dates for some of the massive data centres it is developing for artificial intelligence (AI) company OpenAI, pushing back timelines from 2027 to 2028. However, an Oracle spokesperson…
Trump indicated he had discussed this decision with Chinese President Xi Jinping. (AI image) US President Donald Trump has given the green signal to tech giant Nvidia to sell its H200 processors to China. The Trump administration has decided to permit exports of Nvidia’s H200 processors, their second-best AI chips, to China whilst implementing a…
One of the biggest Chinese companies, Hikvision, is taking America’s Federal Communications Commission (FCC) to court. Chinese surveillance equipment manufacturer Hikvision announced that its US subsidiary has filed a legal challenge against a new FCC rule, escalating the ongoing dispute between Washington and Chinese technology companies over national security concerns. Hikvision stated it has filed…
Omnicom will lay off more than 4,000 employees and merge several prominent advertising agency brands following its $13 billion acquisition of rival Interpublic Group.The job cuts will primarily affect administrative roles, with some leadership positions also impacted, reported the Financial Times on Monday, citing company executives.Omnicom CEO John Wren said. “The financial benefits would surpass…
Actress Samantha Ruth Prabhu has tied the knot with filmmaker Raj Nidimoru. The couple exchanged vows on Monday morning in an intimate ceremony attended only by close friends and family. Samantha later delighted fans by sharing the first pictures from their wedding on Instagram, giving everyone a glimpse of her radiant red bridal saree and…
Sam Altman, CEO, OpenAI (Courtesy: a16z podcast) OpenAI CEO Sam Altman has now described the time of launch of ChatGPT has a defining moment for the company. Altman called ChatGPT as the early discovery of scaling laws for language models a ‘scientific windfall’ which shaped the complete strategy for OpenAI. Speaking at a recent podcast…
