Technology Industry

Insurance companies enhance tech spending to meet evolving customer needs

Companies' tech spending sees marked rise to meet evolving consumer demands

India leads on world AI stage in talent and domain skills: Nasscom chief

India leads on world AI stage in talent and domain skills, placing it on a strong footing in transformative era of Artificial Intelligence, Nasscom's new chairperson Sindhu Gangadharan has said, asserting this is "the best time to be in India" particularly for those in the technology sector. In a wide-ranging interview to PTI, Gangadharan touched upon several key issues -- from the importance of mental and social well-being at workplace to economic impact of AI and GenAI -- and sought to assuage concerns around artificial intelligence (AI) displacing jobs. She stressed on the need for organisations to attach high priority to mental and physical well-being of their workforces and make it part of their organisational culture, through policies, practices and interest groups. Gangadharan's comment assumes significance in the backdrop of the tragic death of a young employee at one of the prominent consultancy firms that led to social media outcry and triggered intense debate in corporate

Perfect alignment between PM Modi's and tech CEOs' vision: MIT academician

There is a perfect alignment between Prime Minister Narendra Modi and global technology CEOs' vision for India in areas like semiconductors, Artificial Intelligence and biotechnology, an eminent academician in the US has said. Modi interacted with global technology CEOs at a roundtable here on Saturday. The roundtable was anchored by the Massachusetts Institute of Technology (MIT), School of Engineering. Professor Anantha Chandrakasan, Chief Innovation and Strategy Officer at the Institute and Dean of the MIT School of Engineering, chaired the roundtable. It is my deep honour to convene and host this roundtable with Prime Minister Modi and the CEOs of some of the most impactful tech companies in the United States and globally, Chandrakasan told PTI in an exclusive interview here on Sunday after the tech roundtable. He said the roundtable focussed on a "broad-based set of topics, including biotechnology, pharma, Artificial Intelligence, quantum computing and semiconductor ...

How Google allegedly monopolised ad technology market: All you need to know

Antitrust enforcers alleged that Google gave special access and privileges to its own ad products

China's failing US lobby playbook puts tech companies in jeopardy

China argues its companies are being unfairly targeted, saying the US is using a broad definition of national security to suppress foreign businesses

Goa CM launches GURU plan to boost innovation in biotech, tech sectors

Goa Chief Minister Pramod Sawant on Wednesday inaugurated the Goa University Research Park Unit (GURU) initiative under the UniGoa Knowledge and Innovation Foundation and distributed the sanction letters to teams under the Hand Holding and Start-Up Scheme 2023-24.Taking to social media platform X, Sawant informed that the GURU initiative had provided an investment of Rs 12.85 crore to establish state-of-the-art facilities and equipment to support young innovators.He further said that the initiative symbolises the knowledge and mentorship that will propel Goa's advancement in biotechnology, healthcare, information technology, and electronics innovation."I am glad to inaugurate the Goa University Research Park Unit--GURU (UniGoa Knowledge and Innovation Foundation) and distribute the sanction letters to teams under the Hand Holding & Start-Up Scheme 2023-24. The event was graced by the presence of Vice Chancellor Shri Harilal Menon, Education Secretary Shri Prasad Lolyekar, and ...

Lenovo to build AI servers in India as nation's tech push deepens

The company said Tuesday it has started making the large, powerful computers in Pondicherry

Tech challenge in India's smaller cities: Training key to talent retention

The market intelligence firm studied 120 companies in Tier-II cities

Tech, US officials discuss AI development, power needs at White House

OpenAI CEO Sam Altman, Google senior executive Ruth Porat and Anthropic CEO Dario Amodei were among the tech company representatives who attended the meeting

Tamil Nadu CM visits San Francisco, inks pact with Microchip, Nokia, PayPal

The Tamil Nadu government has inked pacts with leading companies including Nokia, PayPal, Yield Engineering Systems, Microchip, Infinx, and Applied Materials for an investment commitment of Rs 900 crore and employment of 4,100 people in Chennai, Coimbatore and Madurai, the government said on Friday. Six companies signed the Memorandum of Understanding (MoUs) in the presence of Tamil Nadu Chief Minister M K Stalin and officials during the investors' meeting in San Francisco, an official release here said. The chief minister, who is leading a high-level official delegation, is currently on a tour to the US till September 14 to attract investments into Tamil Nadu, as part of an ambitious goal to transform the state into a USD one trillion economy by 2030. He left for the US on August 27. He participated in a meeting with potential investors in San Francisco on Thursday. An MoU was signed with Nokia, represented by Chief Strategy and Technology Officer Nishant Batra and President - Fixe

CrowdStrike cuts profit forecasts as Windows outage weighs on new deals

Analysts expected the reputational hit could hurt CrowdStrike's dominant position

BS@50: From limited broadband to booming digital landscape in 5 decades

For India, leading the charge in technology adoption remains paramount. Our meticulously crafted blueprint ensures agility, allowing us to weather the storm and flourish

Japanese technology firm NTT Data aims to double market growth India

Company wants all units to clock 'hyper growth', says CEO of NTT Data India

Tech firms must comply with laws to continue operating: Malaysia's min

Communications Minister Fahmi Fadzil said the government was ready to discuss with the AIC and other industry groups

Cheap AI bots rapidly expand across India, transforming tech landscape

Startups may turn India into a proving ground for what could be the next frontier of generative AI products

Musk's Neuralink says second trial implant went well, no retraction issue

Neuralink is in the process of testing its device, which is intended to help people with spinal cord injuries

Zoom raises revenue forecast on growing demand for AI tools in hybrid work

The company expects fiscal 2025 revenue to be between $4.63 billion and $4.64 billion

Will be tough for Alibaba, Tencent, JD.com to grow without Beijing's help

Chinese tech firms may look to invest heavily in artificial intelligence, despite unique challenges

Rahul meets Foxconn chairman, discusses future of tech innovation in India

Leader of Opposition in the Lok Sabha Rahul Gandhi and Foxconn chairman Young Liu met here on Friday and discussed the future of technological innovation in India and the world. "It was a pleasure to meet Mr. Young Liu, Chairman of Foxconn, earlier today. We had an engaging conversation on the future of technological innovation in India and the world," Gandhi said in a post on X. "With the right support, India's tech industry can be positioned for a significant leap forward," the former Congress chief said. Liu, who is on an India visit, was conferred Padma Bhushan, the third-highest civilian award, on the eve of the 75th Republic Day this year. Foxconn is the contract manufacturer of Apple iPhones in India and is estimated to employ over 40,000 people in the country. The company's total investment in India is estimated to be in the range of USD 9-10 billion. The company is in the process of expanding its iPhone production facility, setting up a chip plant in a joint venture with

Delta Airlines faces lawsuit over tech outage, customers demand refunds

Delta Air Lines is facing a class action lawsuit, which claims the airline refused to give refunds following a global technology outage last month. Among airlines, Delta was by far the hardest hit hard by the outage, having to cancel thousands of flights, because key systems were crippled by the incident. The lawsuit was filed Tuesday in the US District Court Northern District of Georgia Atlanta Division on behalf of Delta customers impacted by the outage. In it, the customers allege that Delta refused or ignored their requests for prompt refunds for their cancelled or delayed flights. The complaint also claims Delta didn't provide all impacted passengers with meal, hotel, and ground transportation vouchers and continues to refuse or ignore requests for reimbursements of those unexpected expenses. These unfair, unlawful, and unconscionable practices resulted in Delta unjustly enriching itself at the expense of its customers, the lawsuit states. The complaint states the plaintiffs