Explore Business Standard
Emerging Technology
An online spat between factions of Donald Trump's supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump's movement wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry and people in Trump's Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer, a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump's selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the US. Loomer declared the stance to be not Americ
The government-backed Open Network for Digital Commerce (ONDC) on Tuesday received the gold award for application of emerging technologies. ONDC is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT). It aims to promote an open platform for all aspects of e-commerce retail and help small retailers expand their business through e-commerce medium and reduce dominance of giants in the sector. The network is now enabling more than 12 million orders per month, spread across categories ranging from fashion to electronics in products, and ride-hailing to metro ticketing in services. Over 6 lakh sellers across India have been on-boarded so far. The gold award, under the category 'Application of Emerging Technologies for Providing Citizen-Centric Services' in the National Awards for e-Governance (NAeG), was received by Sanjiv, Joint Secretary in the DPIIT and other officials from the department in Mumbai. The national awards for e-governance by the Departm
Generative artificial intelligence (Gen AI) has the potential to add a cumulative USD 1.2-1.5 trillion to India's Gross Domestic Product over the next seven years, according to a report by EY India. The report, titled 'The AIdea of India: Generative AI's potential to accelerate India's digital transformation', provided insights into the industry's preparedness and challenges in embracing Gen AI. Generative AI can potentially add a cumulative USD 1.2-1.5 trillion to India's GDP by FY2029-30, as per the report. "The report forecasts that by fully capitalising Gen AI technology and its applications across sectors, India can potentially add USD 359-438 billion in FY2029-30 alone, reflecting a 5.9 per cent to 7.2 per cent increase over and above baseline GDP," it said. Nearly 69 per cent of the overall impact is expected to be derived from sectors such as business services (including IT, legal, consulting, outsourcing, rental of machinery and equipment, and others), financial services,
The Indian Army is in the process of developing military-grade 5G and 6G telecom applications as part of an ambitious project to address future warfare requirement and roll out critical technologies to enhance overall efficiency, Army sources said on Wednesday. The Army is also actively developing military-grade software that includes Artificial Intelligence-enabled decision-making tools and predictive analytics, with an aim to enhance intelligence and operational efficacy, they said. The software and technologies are being developed in cooperation with the Ministry of Electronics and Information Technology (MeitY). "The Indian Army has established 5G labs and the Military College of Telecommunication Engineering in Madhya Pradesh is poised to be a 6G test bed," said a source. "The development of military-grade 5G and 6G applications is being undertaken which meets the future warfare requirements," it said. The Military College of Telecommunication Engineering has evolved into a h
India needs to form Green Hydrogen Corridors and governments can look at providing grants to startups as well as support entrepreneurs to promote green hydrogen, NITI Aayog said on Wednesday. In a report titled 'Harnessing Green Hydrogen - Opportunities for Deep Decarbonisation in India', the Aayog also suggested that there is a need to facilitate investment through demand aggregation and dollar-based bidding for green hydrogen. "Three hydrogen corridors should be developed across the country based on state grand challenges ... The governments can provide grants and loans to startups and projects, support entrepreneurs through incubators and investor networks, and put in place regulations that manage first-mover risks, " the report said. The government can also use public procurement and purchase incentives (for green hydrogen) to create demand in niche markets and crowd in private investment, it added. The report suggested that the government should promote export of green hydrog
Will Metaverse, Web 3.0, Blockchain and NFT change everything as promised by expanding our virtual universe? Or they are only hype? Find out about these technologies which became buzzwords of 2021
Who are the four newsmakers of 2021? Sensex at 70,000, Nifty at 21,000 in 2022 - is it possible? What were the tech buzzwords of the year 2021? Find all answers here