Page 3 - Tech Companies

Apple CFO Maestri to hand off job to Kevan Parekh; moves to smaller role

Parekh, 52, will become CFO on Jan. 1 in what Apple described as a planned succession. Maestri, who has been CFO since 2014, will remain at Apple in a reduced position

India delays 6 GHz spectrum allocation used for 5G and WiFi services

Tech firms and telecom companies tussle of 6 GHz spectrum allocation, while DoT worries about potential impact on Isro satellite operations

Nvidia's rebound adds $420 bn market value, shares surge 17% in 4 sessions

The chipmaker's shares have surged 17 per cent in the past four sessions, adding nearly $424 billion in market value to one of the biggest companies in the world

IT companies face 'long curve' before revenue visibility from GenAI

Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money

Microsoft regains top spot as best employer to work for in India: Randstad

The company was on the top of the list in 2022, but had slipped to fifth in 2023

Big Tech's AI promises become a 'show me' story for investors: Report

Results from Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Apple Inc. this week signaled that biggest companies in world are still heavily investing in artificial intelligence

Netweb Tech Q1 results: Firm's net profit jumps 3-fold to Rs 15.4 cr

IT hardware company Netweb Technologies on Saturday posted over three-fold jump in net profit to Rs 15.4 crore in the April-June quarter of 2024-25. The company had posted a net profit of Rs 5 crore in the same period a year ago. Total income also increased to Rs 153.21 crore during the reported quarter from Rs 60.2 crore in June 2023 quarter. "AI systems has emerged as a pivotal growth pillar, contributing significantly to our operating revenue, with its share increasing to 14.6 per cent in the quarter gone by, marking a robust growth of 146 per cent YoY," Sanjay Lodha, Chairman and Managing Director, Netweb Technologies said.

MeitY lets tech firms, data fiduciaries decide on parental consent methods

The Ministry of Electronics and Information Technology has urged tech firms to adopt advanced methods for obtaining parental consent while allowing them to determine the best practices independently

TCS' AI pipeline at $1.5bn; focus on talent development, AI engagement

TCS is working on an AI-based interview coach that evaluates both the content of an employee's responses and their body language and tone, providing corrective feedback

India plans new law for fair payments from tech giants to news publishers

The proposed legislation will be in addition to the proposed Digital Competition Bill, for which public consultations have already been completed

40% investment by TaMo CV arm in FY25 to be in advanced tech: Girish Wagh

"We will continue to invest in software," Wagh said, adding capex in the CV business would be around 2-4 per cent of revenues

Budget 2024: Tech Inc for fewer tariffs, Rs 1 trillion deeptech fund

The tech industry body also recommended removing the 2.5 per cent tariff slab to enhance ease of business in the industry

Why does the American Surgeon General want warning labels on social media?

Banning phones in schools to limited screen times at home: Vivek Murthy is advocating for proactive steps by all to safeguard mental health of the youth on social media platforms

I&B ministry holds meet to talk revenue sharing by Big Tech firms

The government has been approached by the digital news publishers regarding abuse of dominant position by big tech players in ad-revenue share agreements

Tech giants working closely on AI compliance, says top EU's data regulator

AI creates a number of potential issues for data privacy, the two top officials at Ireland's Data Protection Commission said in an interview on Tuesday

Netgear looks to expand in India as part of global growth strategy

India is the fastest-growing economy in the world and one of the high-growth nations within Netgear as well, said Charles Prober, chief executive officer of Netgear

OpenAI's co-founder Ilya Sutskever parts ways with ChatGPT maker Altman

Microsoft-backed OpenAI makes the popular ChatGPT chatbot, which sparked a race among the world's largest tech companies for dominance in the emerging generative AI field

India has fewer than 2,000 senior engineers for developing core AI products

This stands in stark contrast to the 650,000-700,000 individuals that the tech industry body Nasscom said have received training in AI within leading tech companies

Tech CEO of 19 firm gets 6-year sentence in US for counterfeit Cisco sales

The fake equipment compromised public and private sectors, including sensitive government systems used by the military

US blacklists 4 Chinese tech companies for helping China's military

The four companies were allegedly supplying artificial intelligence chips for China's military modernisation programmes