Page 8 - Technology Industry

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

Clients across industries eager to harness the power of AI: Wipro CEO

The IT services company has trained more than 225,000 associates in basic GenAI and holds 470 AI patents, says Srini Pallia

SoftBank founder Masayoshi Son ready for next big tech bet after hiatus

The billionaire warned his next big endeavor could be a big hit or a bad flop, but that SoftBank had no choice but to try

Apple, Meta platforms likely to face charges for violating EU digital law

The European Commission, which began investigating Apple, Meta, and Alphabet's Google in March under the Digital Markets Act (DMA), considers Apple and Meta to be priority cases

Need democratisation of tech for mass usage: PM Modi at G7 Outreach summit

The world community must work towards converting the monopoly in technology into mass usage to lay the foundation of an inclusive society and help eliminate social inequalities, Prime Minister Narendra Modi said on Friday. In an address at the Outreach session of the summit of G7 advanced economies at Italy's Apulia region, Modi also said India will work with all countries to make Artificial Intelligence transparent, fair, secure, accessible and responsible. The prime minister said India's approach in the field of energy is based on four principles -- availability, accessibility, affordability and acceptability. Highlighting the challenges facing the countries of the Global South, Modi said they are bearing the brunt of uncertainties and tensions around the world. "India has considered it its responsibility to place the priorities and concerns of the countries of the Global South on the world stage. We have given high priority to Africa in these efforts," he said. "We are proud th

EU's new AI rules: Industry opposed to revealing guarded trade secrets

The European Union's recently enacted AI Act will be implemented in phases over the next two years, giving time to regulators to enforce the new laws

India 'great destination' for tech IPOs, markets welcoming: Binny Bansal

Flipkart co-founder pioneer acknowledges quick commerce model working well despite his scepticism

Vaishnaw takes charge of IT Ministry, wants India to be tech leader

Focus will be on semiconductors, telecommunications, and manufacturing, he says

India's proposed EU-like antitrust law to pose new challenge for tech firms

Apple, Google, Meta, Amazon would come under the purview of the Indian law, which has yet to be approved by parliament

Growing reliance on Big Tech firms for AI carries new risks: European banks

Excitement around using artificial intelligence (AI) in financial services - widely used already for detecting fraud and money-laundering - has soared

Intel launches new Xeon server processors amid competition with AMD

The sixth generation Xeon chips are crucial for Intel, which has been steadily losing data center market share to Advanced Micro Devices (AMD)

Microsoft's UAE deal could transfer key US chips, AI technology abroad

US officials have said that AI systems could pose national security risks, for example by making it easier to engineer chemical, biological and nuclear weapons