Us Tech Industry

Tech leaders, mayor changed mind about using troops in San Francisco: Trump

President Donald Trump was geared up for a show of federal force in San Francisco, a city he's blasted as everything wrong with liberal governance. Then conversations with some of the Bay Area's most prominent tech leaders and the mayor changed his mind. I got a great call from some incredible people, some friends of mine, very successful people, Trump told reporters Thursday at the White House, specifically referencing Jensen Huang, the CEO of Nvidia, one of the world's most valuable tech companies, and Marc Benioff, CEO of software company Salesforce. He said they told him San Francisco was working hard to reduce crime. So we are holding off that surge, everybody. And we're going to let them see if they can do it, Trump said. He said he could change his mind if it doesn't work out. Trump said the increased federal force had been planned for Saturday. He didn't specify whether he was just referring to National Guard troops, which he had threatened to send in, or if he would also ha

China moves to boost AI oversight with focus on safety, data protection

China's proposed AI law aims to boost research, improve ethics, strengthen risk checks and enhance safety oversight for AI technologies and infrastructure

'Would you work 996?' Hustle culture trend gains ground in Silicon Valley

The number combination refers to a work schedule - 9 am to 9 pm, six days a week - that has its origins in China's hard-charging tech scene

Over 200 Google AI raters laid off: Did they train their own replacement?

More than 200 contract "raters" working on Google's AI projects were laid off without warning, sparking concerns over job security, pay, and their role in training replacement systems

What is US HIRE legislation and what it means for Indian tech sector

The US HIRE Act plans a 25 per cent tax on outsourcing payments by American firms, aiming to boost local jobs; the move could raise costs for companies relying on Indian IT and service providers

Trump supporters' bid to block IT outsourcing puts jobs, growth at risk

Trump's possible move to block US companies from outsourcing IT work to India threatens a $282 bn industry, risking jobs, exports, and tech delivery models

Tariff pause on electronics for brief period, says Howard Lutnick

Lutnick comments indicate that the exemptions, published in a US Customs and Border Protection document late Friday, were made to shift those products ultimately to a different levy

Trump tariffs risk delaying big tech's AI data centre projects, spending

Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year

Playbook Partners to invest $20 mn each in 12-15 firms over 2 years

Growth capital firm Playbook Partners intends to invest USD 20 million (around Rs 175 crore) each in about 12-15 companies over the next two years, a top company official said. The firm's investment portfolio includes companies like Myntra, PolicyBazaar, InMobi, Nazara Technologies, Rapido, and Renee, among others. While primarily investing in India, it has also backed global companies like SpaceX and Stripe. "With planned investments up to USD 20 million each in 12-15 companies, we are targeting high-potential ventures across SaaS, E-commerce, Healthtech, ClimateTech, B2B & B2C, Playbook Partners Founder and Managing Partner Vikas Choudhury said. Our focus is on companies that have crossed Rs 100 crores in turnover, where our capital and expertise can accelerate their journey to the next level of growth," Choudhury told PTI. Commitments to three companies are in the final stages of closing and will be announced over the next quarter, he added. The former Jio president said he has

ASML sees biggest surge since 2020, AI boost drives record orders

Net bookings were driven by demand for ASML's most-advanced extreme ultraviolet lithography, or EUV, machines, for which €3 billion of orders were placed in the period

India's tech sector needs 1 mn high-tech engineers as economy expands

India's $250 billion tech sector plays an important role in the economy, employing about 5.4 million people

As Nvidia hits $3 trn, Jensen Huang's wealth surpasses Michael Dell's

Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies

Nvidia's Q1 result preview: Know street expectation, stock strategy here

Analysts are eyeing impressive figures, with the street anticipating earnings of $13.2 billion, translating to $5.62 per share, alongside projected revenue of $24.6 billion in the quarter

CtrlS Datacenters Ltd to ramp up its capacity to over 1 gigawatt in 4 yrs

The ambitious plan includes expansions in Mumbai, Hyderabad, and Chennai

US layoffs surge 7% to reach 14-month high amid govt, tech cutbacks

Tech industry continued to outpace other sectors in jobs cuts through the first quarter of this year

Huawei chip breakthrough used technology from two US gear suppliers

Lauded in China as a major leap in indigenous semiconductor fabrication, last year's SMIC-made processor powered Huawei's Mate 60 Pro and a wave of patriotic smartphone-buying in the Asian country

Focused cuts, fewer layers: Tech industry layoffs enter new phase

Slashing tech work forces would have been anathema in Silicon Valley just a few years ago

Tech Trends 2024: Culturally aware GenAI, femtech, cybersecurity, deepfakes

Industry leaders say technology will continue to change our lives in the new year and the biggest theme that is expected to emerge is the application of generative AI in different sectors

Indian consumertech industry to reach $300 billion by 2027: Report

The unlocking of India's consumer potential is driven by digital public infrastructure (DPI) and population-scale solutions

Tech industry records over 226,000 layoffs in 2023, up 40% since 2022

Since the beginning of 2021, tech companies have laid off over 405,000 individuals