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The Consumer Affairs Ministry is planning to develop machine-readable, SMART standards using artificial intelligence tools to reduce compliance burden on industry, a senior official said on Thursday. Machine-readable standards translate regulatory requirements into structured digital rules that computer systems can process directly, enabling automatic compliance verification without manual intervention. SMART (Standard Machine Accessible, Readable and Transferable) formats go a step further by being dynamic, constantly updated and integrated into software and manufacturing lifecycles. Addressing a FICCI-organised event here, Consumer Affairs Secretary Nidhi Khare said the department was looking at ways to leverage emerging technologies, particularly AI, to modernise the country's standards ecosystem. "We also understand that the emerging technologies which are coming up in a big way, especially the AI, it may be creating a lot of disruption, and it could be creating more challenges
Legendary filmmaker Martin Scorsese has become one of Hollywood's most prominent directors to openly embrace AI as a creative tool by joining artificial intelligence company Black Forest Labs as an adviser. The Oscar-winning director, who has made classics such as "Taxi Driver", "Raging Bull", "Goodfellas", "Cape Fear", "The Aviator", "Shutter Island" and many more, said he has been using the company's FLUX generative AI model to create storyboards for an upcoming film. Scorsese, 83, described his experience of using the AI as "creatively freeing." "For 70 years, I've been creating my own storyboards. There's always been this problem of how do you communicate what you see in your head to your cast and crew," Scorsese said in a statement. "I recently tested this out on a scene and the ability to visualize and immediately share the storyboard was creatively freeing. During the pre-production process, time costs money, and this allowed us to move faster without sacrificing quality or
Nvidia CEO Jensen Huang has highlighted the growing importance of connectivity in powering next-generation artificial intelligence infrastructure as he joined Marvell chief Matt Murphy on stage at Computex 2026 and described the semiconductor company as a potential "trillion-dollar company". "The next trillion-dollar company, ladies and gentlemen," said Jensen Huang, as soon as he arrived on the stage, drawing applause from the audience on Tuesday. Marvell stocks soared over 30 per cent after the Nvidia chief's announcement, according to various media reports. Earlier this year, Nvidia announced USD 2 billion investment in Marvell Technology to deepen their strategic partnership. Huang on Tuesday highlighted the importance of connectivity in enabling AI infrastructure, with Marvell's technology playing a crucial role in scaling and interconnecting data centres. "Useful AI has arrived. It's the reason why your demand is going through the roof. It's the reason why my demand is going
Qualcomm has outlined its vision for an AI-driven future where autonomous AI agents will perform tasks independently across devices and eventually become the centre of users' digital lives, reducing the pivotal role currently played by smartphones. Addressing Computex 2026 in Taipei on Monday, Qualcomm President and CEO Cristiano R Amon said 2026 would be "the year of agents" as artificial intelligence evolves beyond responding to prompts and starts taking actions on behalf of users. Qualcomm, which has a significant presence in India and has one of its largest employee bases outside the US in the country, is betting big on Agentic AI. It also operates major research, software and hardware design centres in Bengaluru, Hyderabad and Chennai. "2026 is the year of agents and it's now how AI is really evolving," Amon said in his keynote address at the global technology event organised by the Taiwan External Trade Development Council. Amon said AI is evolving from being a tool that ass
Japan's Nikkei 225 index topped 68,000 for the first time on Wednesday after US stocks pushed further into record territory. The dollar briefly surpassed 160 Japanese yen before slipping back slightly. Oil prices rose more than USD 1 a barrel. Buying of technology shares linked to the boom in artificial intelligence has been driving rallies worldwide. By midafternoon, the Nikkei 225 was up 2.9% at 68,634.74. Shares in computer chip equipment maker Tokyo Electron gained 13.4%, while those for chip testing equipment maker Advantest gained 5.9%. In Hong Kong, the Hang Seng lost 1.7% to 25,596.92, while the Shanghai Composite index added 0.4% to 4,092.53. Australia's S&P/ASX 200 advanced 0.9% to 8,806.40 and Taiwan's Taiex gained 2%. In India, the Sensex lost 1.1%. Markets in South Korea were closed for a holiday. On Tuesday, winners of the artificial-intelligence boom kept driving higher, pushing US stocks to more records. "One thing that stands out in today's market is how littl