New Delhi, July 28 (IANS) As AI reshapes business models across the technology sector, the selloff in US technology stocks stretched into a fourth straight trading session, wiping about $1.2 trillion from the sector’s market value.Nasdaq 100 index extended its decline overnight, with Tesla leading losses after tumbling more than 16 per cent over the past four trading sessions. Moreover, Sandisk, T-Mobile, Meta Platforms, Alphabet and Amazon fell between 7 per cent and 10 per cent over the same p…
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New Delhi, July 23 (IANS) Google’s Gemini app has reached 950 million monthly active users (MAUs), with its daily active users tripling over the past year, as the company continues to expand its artificial intelligence (AI) offerings across consumer and enterprise products, according to CEO Sundar Pichai.In a blog post, Pichai said the rapid growth of the Gemini app has been fuelled by new AI-powered features such as Daily Brief and the personalised Gemini Spark assistant, which is now available…
New Delhi, July 7 (IANS) India has improved its position by two ranks to become the world’s 11th largest recipient of foreign direct investment (FDI), with inflows surging nearly 44 per cent to $38.89 billion in 2025, according to the United Nations Conference on Trade and Development’s (UNCTAD) ‘World Investment Report’ released on Tuesday.The country was placed at the 13th position among global FDI recipients in 2024, with inflows of $27.09 billion.“India continued to strengthen its posi…
New Delhi, July 2 (IANS) US-based technology giant Google on Thursday lost its long-running legal challenge against a 4.1-billion euro (about $4.7 billion) European Union antitrust fine after the bloc’s highest court upheld the penalty over the company’s Android business practices.The European Court of Justice (ECJ) has dismissed the appeal filed by Google and its parent company, Alphabet, against an earlier ruling by the EU’s General Court, effectively confirming the reduced antitrust fine impo…
New Delhi, June 6 (IANS) Elon Musk’s SpaceX said that Google’s parent company Alphabet has agreed to pay it $920 million a month for computing capacity under a cloud services contract that runs from October 2026 through June 2029.The total monthly fee amounts to roughly $30 billion over the life of the agreement, according to an exchange filing in the US. The contract gives Google access to 110,000 Nvidia graphics processing units as well as central processing units, memory and related compone…
New Delhi, May 31 (IANS) Sridhar Vembu, founder and chief scientist of Zoho Corporation, has cautioned that soaring valuations of some of the world’s largest technology companies, fuelled by investor enthusiasm around artificial intelligence (AI), exhibit characteristics of a market bubble that could eclipse the dot-com era.In a post on social media platform X, Vembu highlighted the price-to-sales ratios of major technology firms, arguing that current market valuations appear increasingly detach…
New Delhi, May 8 (IANS) Alphabet-owned Google is exploring fresh investments in India focused on artificial intelligence (AI) infrastructure and the local manufacturing of servers and drones, Union Minister Ashwini Vaishnaw said on Friday.Sharing details of his meeting with Google executives on social media platform X, Vaishnaw said the company is evaluating opportunities across AI infrastructure development as well as electronics manufacturing in India.“Google is exploring investments in Indi…
New Delhi, March 7 (IANS) Google, a wholly-owned subsidiary of Alphabet, has raised CEO Sundar Pichai’s total potential compensation to $692 million over the next three years, making him one of the highest-paid executives globally, the Financial Times reported on Saturday.The bulk of the package comes from performance stock units (PSUs) valued at $126 million, split evenly into two tranches, the report mentioned.These PSUs are linked to Alphabet’s total shareholder return relative to the S&a…
New Delhi, March 2 (IANS) Over $200 billion in AI-related investments are expected across infrastructure, foundation models, hardware and applications, as the ‘India AI Impact Summit 2026’ concluded with the adoption of forward-looking commitments and strategic partnerships that advance a shared global vision for responsible, inclusive and development-oriented artificial intelligence, an official statement said on Monday.While Adani Group announced plans to invest $100 billion by 2035, Relia…
Ahmedabad, Feb 22 (IANS) Google CEO Sundar Pichai was among the high-profile attendees in the 2026 ICC Men’s T20 World Cup Super Eights clash between India and South Africa at the Narendra Modi Stadium on Sunday evening.Pichai, who heads Google and its parent company Alphabet joined ICC Chair Jay Shah in the stands for one of the tournament’s marquee fixtures which is also a rematch of the 2024 edition final. Pichai was also part of the pre-match proceedings, carrying the T20 World Cup troph…