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 27 (IANS) US-based multinational technology company Nvidia is in talks to provide around $250 billion in financing guarantees to OpenAI as part of a massive artificial intelligence (AI) data centre project in the US, according to a report.As per report published in The Wall Street Journal, the proposed backing would help the ChatGPT maker lease a 10-gigawatt data centre campus being developed by SoftBank’s energy subsidiary in southern Ohio.It further showed that the project is e…
Tehran, July 21 (IANS) Iran’s armed forces said Tuesday that they have carried out missile and drone strikes against the US bases, assets and infrastructure in Bahrain, Kuwait and Jordan following another round of US attacks on Iran.Iran’s Islamic Revolutionary Guard Corps (IRGC) said in statements carried by its official news outlet Sepah News that its aerospace forces targeted US air defence systems, radar facilities, communications infrastructure and other military assets in Bahrain and Kuwai…
Hyderabad, July 15 (IANS) Telangana Chief Minister A. Revanth Reddy said on Wednesday that the state government is ready to provide all necessary infrastructure, facilities, and clearances for setting up industries in the state. The Chief Minister added that investments and job creation are crucial to achieving the goal of “Telangana Rising-2047” to transform Telangana into a $1 trillion economy by 2034 and a $3 trillion economy by 2047.He was speaking at the groundbreaking of Amazon data centre…
New Delhi, July 9 (IANS) The Delhi High Court on Wednesday said it will pass an interim order protecting the personality and publicity rights of cricketer Abhishek Sharma in a suit seeking the removal of alleged unauthorised and objectionable online content that misuses his identity across digital platforms. A single-judge Bench of Justice Jyoti Singh issued summons in the suit and indicated that interim directions would be passed to remove and take down the infringing links identified by the pl…
New Delhi, July 9 (IANS) India has emerged as one of the leading contenders in the race for AI data centres that will power the next generation of computing, with global technology giants including Google, Microsoft and Amazon — alongside major domestic conglomerates — committing billions of dollars to set up AI-ready data centre infrastructure in the country, according to an article in The Citizen.It highlights that much of this investment is concentrated in coastal cities such as Mumbai and …
New Delhi, July 6 (IANS) Microsoft has announced another round of job cuts, eliminating around 4,800 positions, or approximately 2.1 per cent of its global workforce, as the technology giant continues to invest heavily in artificial intelligence (AI) while seeking to improve operational efficiency.The latest layoffs come amid a broader trend across the technology industry, where companies are balancing massive AI investments with efforts to control costs.Industry leaders such as Amazon and Meta …
New Delhi, July 2 (IANS) India’s ambitions to emerge as a global artificial intelligence (AI) powerhouse are receiving a major boost as global technology giants have committed nearly $80 billion towards AI and cloud infrastructure in the country over the next few years, strengthening its position as a key innovation and digital infrastructure hub, a report has said.The latest push came after Amazon CEO Andy Jassy announced an additional $13 billion investment in AI and cloud infrastructure in …
Bengaluru, June 30 (IANS) India’s global capability centre (GCC) ecosystem is well-positioned to drive the country’s next phase of innovation-led growth by partnering with startups, incubators and young innovators, Atal Innovation Mission (AIM) Mission, Director Deepak Bagla said on Tuesday.Speaking at the GCC Conclave — organised by AIM, NITI Aayog, in partnership with the Software Technology Parks of India (STPI) — on Innovation 2026 here, Bagla highlighted the growing role of GCCs in India’…
Washington, June 27 (IANS) US Ambassador to India, Sergio Gor, has described India and the United States as natural partners with “limitless potential”, saying the Trump administration is working to deepen cooperation across technology, defence, investment and emerging sectors while building on the close personal relationship between President Donald Trump and Prime Minister Narendra Modi. In an exclusive interview with IANS at the White House, Gor reflected on his first six months in India, say…