Page 16 - Information Technology

Meta Platforms Inc needs a new catalyst after stock's 77% rally

For the first quarter, revenue is expected to decline 0.9%, according to estimates compiled by Bloomberg

Server business unaffected from macroeconomic worries: Dell India VP

Dell Technologies India's Manish Gupta talks about how the distributed computing demand is giving rise to the adoption of edge servers in India and how the company is eyeing this opportunity

Infosys launches live operations platform in collaboration with ServiceNow

The company plans to boost customer experience for telecom service providers

Next step for the infotech boom

The IT services industry must innovate more and integrate better into the needs of the national economy

Testing times: Wipro asks freshers to take new test or get terminated

This comes as freshers have been awaiting onboarding for more than a year now

Indian Newspaper Society urges govt to withdraw IT Amendment Rules 2023

According to the new rule, MeitY can constitute a fact-checking unit, which will have the power to determine what is fake, with respect to the government

Amid IT firm layoffs, top tech talent in demand among non-tech companies

Non-tech companies are taking steps to hire top talent from the IT sector in order to drive their organisations towards digitisation. Most of this demand is for experienced employees

ChatGPT like alien intelligence but lacks human-like reasoning: Rosedale

Rosedale compared the current state of generative AI to the early days of the internet when there was a lot of excitement, opportunity, and uncertainty about what would happen next, reports ZDNET.

Not considering law to regulate AI growth in country: IT Ministry

The government is not considering bringing a law or regulating the growth of artificial intelligence (AI) in the country, as generative AI-based chatbots become a rage across the industry

Samsung, MeitY to skill Indian youth in building real-life innovations

The first season of the initiative in 2022 received over 18,000 registrations from youth across the country. This year, anyone in India aged 16-22 can apply till 5 pm on May 31

India has 45,000 job openings in AI, demand for skills rising: Report

37% organisations provide employees tools to build AI-ready workforce, says survey

IT hardware manufacturers flag PLI investment clause; cite demand issues

The IT manufacturers have said that they have underutilised capacities that first need to be used up before they can commit to further expansion

Govt developing platform to update DigiLocker documents using Aadhaar

The IT ministry plans to first approach departments that issue important documents such as driving licenses, ration cards, voter ID cards, etc. Passports are likely to be brought in later

Information technology should be used to improve governance: Om Birla

Birla made remarks after inaugurating the two-day 19th annual conference of Commonwealth Parliamentary Association (CPA) India region zone-III at Sikkim Legislative Assembly in Gangtok

Bristol Myers Squibb to invest Rs 800 cr for drug development in Hyderabad

Bristol Myers Squibb, a world's leading biopharmaceutical company will establish a state of-the-art site here to expand its global drug development and IT capabilities with an investment of Rs 800 crore, a Telangana government press release said on Thursday. The announcement was made after Telangana Minister KT Rama Rao's meeting with Samit Hirawat, Executive Vice-President, Global Drug Development at BMS, who is in the city to participate in BioAsia 2023, it said. The company plans to begin operations in Hyderabad later in 2023, with the potential over the next few years to employ approximately 1,500 people who will be engaged in cutting-edge Research and Development and digital activities, a BMS release said. Rama Rao said, "I am delighted to welcome Bristol Myers Squibb to the vibrant ecosystem of Hyderabad. It is indeed a matter of pride that BMS, which is one of the most innovative and world leading biopharmaceutical companies, has chosen Hyderabad and I strongly believe this .

2,767 complaints against influencers processed, most violations on Insta

The Advertising Standards Council of India (ASCI) on Thursday said it has processed 2,767 complaints since coming up with influencer guidelines in May 2021. More than half of the violations have been found on Meta-owned Instagram platform, while Alphabet's Youtube contributed a third of them, the self-regulatory organisation for the advertising industry said. The body said in over 90 per cent of the cases, there were modifications required. "...the Central Consumer Protection Authorities also now require disclosure of material connection between brands and influencers. Hence, non-disclosures are potential violations of the law," the body's chief executive and secretary general Manisha Kapoor said. In FY22, the total number of violations stood at 1,592, with virtual digital assets like bitcoins topping with nearly 24 per cent, and followed closely by personal care category which accounted for 23 per cent. In the first nine months of FY23 (April-December 2022), there were 1,175 ...

62% of firms in India want to hire freshers in the first half of 2023

This is nearly 4.5 times higher than the global average of 14 per cent

80% of Wipro's employees will get 87% variable pay for the third quarter

Wipro has proposed to pay 87 per cent of the variable pay component to over 80 per cent of its workforce, according to a communication in the company's internal email

Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan

Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption

ChatGPT, other AI models to disrupt Indian IT firms: JP Morgan analyst

(Reuters) - Generative AI models such as ChatGPT will slow down market share gains and deflate pricing for Indian IT companies in the short term, analysts at J.P.Morgan said on Friday.