Page 8 - Technology Industry

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

Group of about 1,200 tech workers signs letter backing Kamala Harris

The letter called Harris an 'archetypical innovator' and 'champion of technology'

Genpact appoints Sanjeev Vohra as chief technology and innovation officer

Vohra, who brings more than 30 years of technology, consulting, and industry expertise with him, will report to Balkrishan Kalra, president and CEO, Genpact.

Cognizant Q2 net rises 22% to $566 mn, revises FY24 guidance to $19.5 bn

Cognizant has revised its full-year revenue growth guidance for FY24 from $19.3 billion to $19.5 billion, representing a growth of -0.5% to 1%

Tech outage: Airlines rush to get back on track after global tech disorder

Transport providers, businesses and governments on Saturday are rushing to get all their systems back online after long disruptions following a widespread technology outage. The biggest continuing effect has been on air travel. Carriers cancelled thousands of flights on Friday and now have many of their planes and crews in the wrong place, while airports facing continued problems with checking in and security. At the heart of the massive disruption is CrowdStrike, a cybersecurity firm that provides software to scores of companies worldwide. The company says the problem occurred when it deployed a faulty update to computers running Microsoft Windows, noting that the issue behind the outage was not a security incident or cyberattack. Here's the Latest: Britain's transport system still trying to get back on track LONDON Britain's travel and transport industries are struggling to get back on schedule after the global security outage with airline passengers facing cancellations and de

Google unveils latest AI technologies to support Indian developers

At the Google I/O Connect Bengaluru 2024 event, the tech giant said that it is committed to empowering Indian innovators to harness AI's full potential, creating solutions that not only address India'

Hong Kong tests its own ChatGPT-style tool as OpenAI plans to block access

Hong Kong's government is testing the city's own ChatGPT -style tool for its employees, with plans to eventually make it available to the public, its innovation minister said after OpenAI took extra steps to block access from the city and other unsupported regions. Secretary for Innovation, Technology and Industry Sun Dong said on a Saturday radio show that his bureau was trying out the artificial intelligence program, whose Chinese name translates to document assistance application for civil servants," to further improve its capabilities. He plans to have it available for the rest of the government this year. The program was developed by a generative AI research and development center led by the Hong Kong University of Science and Technology in collaboration with several other universities. Sun said the model would provide functions like graphics and video design in the future. To what degree it would compare to the capabilities of ChatGPT was unclear. Sun's bureau did not respond

OpenAI working on new reasoning tech under project code name 'Strawberry'

The project, details of which have not been previously reported, comes as the Microsoft-backed startup races to show that the types of models it offers are capable of delivering

TB fight gets shot in arm from AI's diagnosis, Wadhwani AI, Qure.ai lead

AI models can help in early TB detection due to their ability to analyse medical images with enhanced precision

WhatsApp explores personalised AI avatars with new feature development

Users will have the ability to envision themselves in any setting, from the forest to outer space

AI deals lift US venture capital funding to highest level in two years

Some are expecting the M&A market for AI startups to pick up in the second half, as tech companies with capital or sought-after stock, from Nvidia to Databricks, have been acquisitive

Indian family offices change startup bets after funding peaked in 2021

Consumer, retail and transportation and logistics technology startups have been the largest beneficiaries