Page 18 - Artificial Intelligence

Oracle plans 20,000-30,000 job cuts to fund data centre expansion

Employees linked to data centres and non-core units are likely to be most at risk

New Google AI tool can study DNA changes and predict disease risk

Google DeepMind's AlphaGenome can analyse long stretches of DNA to predict how hidden genetic changes affect gene regulation, offering new clues to cancer, heart disease and mental illness

Amazon, other firms cite AI for layoffs, real reason remains unclear

The one thing N. Lee Plumb knows for sure that being laid off from Amazon last week wasn't a failure to get on board with the company's artificial intelligence plans. Plumb, his team's head of "AI enablement," says he was so prolific in his use of Amazon's new AI coding tool that the company flagged him as one of its top users. Many assumed Amazon's 16,000 corporate layoffs announced last week reflected CEO Andy Jassy's push to "reduce our total corporate workforce as we get efficiency gains from using AI extensively across the company." But like other companies that have tied workforce changes to AI - including Expedia, Pinterest and Dow last week - it can be hard for economists, or individual employees like Plumb, to know if AI is the real reason behind the layoffs or if it's the message a company wants to tell Wall Street. "AI has to drive a return on investment," said Plumb, who worked at Amazon for eight years. "When you reduce headcount, you've demonstrated efficiency, you ..

Budget 2026-27 lays blueprint for a future-ready digital ecosystem

Budget 2026 sketches an ambitious AI- and cloud-led growth model, but sustained R&D investment will be crucial if India is to become a creator, not just a consumer, of technology

Nvidia halts plan to invest $100 billion in OpenAI after talks collapse

The discussions stalled after some inside Nvidia expressed concerns about the transaction, the Wall Street Journal said, citing unidentified people familiar with the deliberations

Apple loses several AI researchers, top Siri executive amid talent exodus

Apple's AI challenges have contributed to a stock slump this year - even as the company's sales reach new heights

Govt to provide AI infrastructure, GPUs to universities for skilling

AI tools, GPUs and indigenous datasets will be provided to 500 universities as the Centre steps up efforts to boost AI skills, research and innovation

Retail banking: AI is changing the world, responsible adoption is crucial

Retail bankers say AI can reshape banking, but trust, governance, explainable models, and high-quality data are essential for safe and sustainable adoption

Apple warns memory costs are starting to bite as makers prioritise AI chips

Samsung, the world's second-largest smartphone maker, also bracing for the impact of the chip shortage, with its mobile business profit slumping 10 per cent in the fourth quarter.

Microsoft signs $750 million Azure cloud deal with AI firm Perplexity

For Microsoft, the Perplexity deal boosts its efforts to position Azure as the place to build AI applications and deploy models from a variety of vendors

Eco Survey: AI strategy must be grounded in economic realities, not scale

Chasing scale, building large LLMs for own sake not useful for India

Economic Survey primer: Notes on AI and geopolitics, the poetic touch

Economic Survey 2025-26 blends AI, geopolitics, and philosophy, spotlighting national priorities while framing India's growth journey as a marathon that must be run at sprint speed

Nvidia, Microsoft, Amazon in talks to invest up to $60 bn in OpenAI

Nvidia, Microsoft and Amazon are in talks to invest up to $60 billion in OpenAI, as rising AI costs and competition fuel a new funding push

Microsoft falls after Azure growth misses momentum amid AI splurge

Microsoft shares slumped after record AI-driven capital spending and a slowdown in Azure growth reignited investor concerns over returns on massive cloud investments

Wipro banks on consulting business for deeper client engagement

Wipro rolls out a consulting-led, AI-powered operating model to deliver end-to-end enterprise transformation and faster ROI from digital and AI initiatives

Eco Survey suggests AI Economic Council for India: What it is, key details

The Survey stressed that India's artificial intelligence rules must suit national needs, especially the country's large workforce

Capital flow disruption, INR impact key risks for India in 2026: Eco Survey

The Economic Survey 2025-26 highlighted three possible scenarios emerging in the year ahead that can have an impact on how the global economies shape up going ahead

21% of surveyed banks, institutions implementing/developing AI: Eco Survey

There is a convergence in priorities among central banks as they adopt AI, which includes using AI to enhance decision-making, improve operational efficiency, and manage risks effectively, survey said

Persistent Systems eyes expansion in Europe, to cut reliance on US market

Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth

NxtGen selects Dell AI Factory, Nvidia to build national-scale AI factory

Dell and Nvidia partner with NxtGen AI to build India's largest sovereign AI factory, featuring over 4,000 Blackwell GPUs to power next-gen AI workloads