Page 9 - Technology Industry

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

Explainer: Understanding AI PCs and the underlying technology powering them

PC makers are hoping such features will help draw in buyers as more people lean on generative AI for everything from sending emails to planning vacations

Microsoft to offer cloud customers AMD alternative to Nvidia AI processors

It will also launch a preview of new Cobalt 100 custom processors at the conference

Soket AI labs launch Pragna-1B AI model in collaboration with Google Cloud

The model will provide AI services in Indian vernacular languages including Hindi, English, Bengali, and Gujarati

How this tech startup helps sportspersons raise their game using AI

Stupa Sports Analytics, founded by husband-wife duo Deepak Malik and Megha Gambhir, offers AI-driven solutions for advanced analytics of player performance and create innovations in sports industry

TikTok to start labelling AI-generated content as tech becomes universal

TikTok will begin labelling content created using artificial intelligence when it's been uploaded from outside its own platform in an attempt to combat misinformation. AI enables incredible creative opportunities, but can confuse or mislead viewers if they don't know content was AI-generated, the company said in a prepared statement Thursday. Labelling helps make that context clearwhich is why we label AIGC made with TikTok AI effects, and have required creators to label realistic AIGC for over a year. TikTok's shift in policy is part of an broader attempt in the technology industry to provide more safeguards for AI usage. In February Meta announced that it was working with industry partners on technical standards that will make it easier to identify images and eventually video and audio generated by artificial intelligence tools. Users on Facebook and Instagram users would see labels on AI-generated images. Google said last year that AI labels are coming to YouTube and its other

US tech industry can't survive without Indians: SVC Chamber of Commerce CEO

Indians are one of the largest leaders of innovation in Silicon Valley and America's tech industry cannot survive without them, the CEO of the Silicon Valley Central Chamber of Commerce has said. I don't have the new figures, but what matters is that we (Indians) are such impactful contributors," Harbir K Bhatia told PTI in an interview. India(ans) are one of the largest leaders of innovation in Silicon Valley. At one point, the data was collected (according to which) 40 per cent of Silicon Valley CEOs or founders were from South Asia or India. That is so huge, she said. Located in Santa Clara, the hub of Silicon Valley, the Chamber of Commerce is made up of a group of visionary business leaders from multiple cities that help grow and shape the future of Silicon Valley. "Here you get to bring your whole self to work and have the opportunity to be creative, to be all that you want to be without the worry of your colour, of your skin, the religion you practice, the cast, the culture

Plans afoot to organise Kolhapuri chappal trade but it's a slow start

Though the Kolhapuri chappal trade is robust, the industry remains largely unorganised and finds it challenging to meet demand

Big Four adopt tech, hire more to meet rising risk advisory demand

Deloitte, KPMG, PwC and EY say business feel greater need for regulatory compliance after the coronavirus

Care Ratings upgrades Axiscades long-term bank facilities at 'CARE A-'

Engineering solutions provider Axiscades Technologies Ltd (ACTL) on Thursday said Care Ratings has upgraded its ratings on the company's long-term bank facilities, on account of factors, including improvement in capital structure and stable operational performance. "Care Ratings has upgraded its long-term bank facilities at CARE A- with a stable outlook and short-term facilities at CARE A2+ from CARE BBB+ - stable and CARE A2, respectively," Axiscades Technologies said in a statement. The ratings agency has taken into account factors like improvement in the capital structure of the company following a fundraise of Rs 203 crore in January, stable operational performance in the April-December period of FY24 among others while upgrading the ratings, the statement said. Of Rs 203 crore, the company earmarked Rs 158 crore for debt repayment while the balance Rs 45 crore is for utilisation towards general corporate purposes. ACTL CEO and MD Arun Krishnamurthi said, "This upgrade reaffirm