Mumbai, July 17 (IANS) Artificial Intelligence (AI), semiconductors, and quantum technology are set to become the three primary pillars of future development. Emphasising this, Maharashtra Chief Minister Devendra Fadnavis stated that the state must focus on building a massive pool of skilled workforce in these sectors. He announced that the state will effectively implement the Maharashtra Quantum Technology Mission, aligned with the National Quantum Mission, to build a robust quantum ecosystem.T…
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Washington, July 17 (IANS) President Donald Trump’s nominee to lead the US Space Force warned lawmakers that China is developing space warfare capabilities at a “breathtakingly fast” pace, arguing that the United States must move quickly to strengthen its military advantage in orbit as Beijing builds systems capable of threatening American satellites and forces.Lieutenant General Douglas Schiess made the remarks during his confirmation hearing before the Senate Armed Services Committee, where he…
New Delhi, July 16 (IANS) Information technology (IT) services sector revenue growth in India is set to stay muted this fiscal (FY27) and the next (FY28), as artificial intelligence (AI)-driven disruptions, weak discretionary spending and continuing geopolitical uncertainties deepen a four-year slowdown, a report showed on Thursday.Mid-tier IT companies could prove to be nimble in this environment. For the broader industry, the key test will be how quickly companies reinvent business models, ada…
Ahmedabad, July 16 (IANS) The 149th Jagannath Rath Yatra reached Saraspur area on Thursday afternoon, marking the completion of the first major leg of the annual procession as Gujarat Police continued to monitor the event through an extensive technology-driven security network.Speaking to IANS, Ahmedabad Cyber Cell DCP, Dr Lavina Sinha, said the first segment of the procession had reached Saraspur while the second segment was on its way, with the yatra progressing as scheduled under heavy securi…
Washington, July 16 (IANS) President Donald Trump’s nominee to lead the US intelligence community said that economic security is inseparable from national security, arguing that America’s intelligence agencies must sharpen their focus on China’s economic challenge, artificial intelligence and emerging technologies.Appearing before the Senate Select Committee on Intelligence for his confirmation hearing as Director of National Intelligence (DNI) on Wednesday (local time), Jay Clayton said future …
Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has said that “inflation is a choice” and pledged that persistently high price growth would not continue under his leadership, signalling that restoring price stability remains the US central bank’s overriding priority despite uncertainty over artificial intelligence, geopolitical tensions and other economic risks.Appearing before the Senate Banking Committee on Wednesday (local time) for his first semiannual monetary policy hearing…
Washington, July 16 (IANS) The Trump administration has pledged to overhaul the Pentagon’s procurement system to make it easier for defence technology startups and commercial innovators to compete for military contracts, arguing that the United States must move faster to keep pace with rapidly evolving security threats. Speaking at the Pennsylvania Defense and Innovation Summit on Wednesday (local time), Defence Secretary Pete Hegseth said the administration was dismantling bureaucratic barriers…
Washington, July 16 (IANS) The Trump administration has announced that it is stepping up investments in South and Southeast Asia as part of a broader strategy to reduce dependence on China for critical supply chains, as the US International Development Finance Corporation (DFC) approved $1.5 billion for energy infrastructure across the region. The funding is aimed at supporting American liquefied natural gas (LNG) exports and energy equipment while strengthening supply chains in a region Washing…
Washington, July 16 (IANS) US President Donald Trump has announced nearly $10 billion in new investments in the country’s defence industrial base in Pennsylvania, saying the projects would create more than 4,000 jobs and strengthen America’s military manufacturing amid growing global security challenges. Speaking at the Pennsylvania Defense and Innovation Summit hosted by Senator Dave McCormick on Wednesday (local time), Trump said the investments would support the construction of ships, submari…
Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has said that the United States is witnessing the biggest wave of business investment in a generation, driven largely by artificial intelligence (AI), and predicted that the technology would ultimately create jobs, lift productivity and strengthen the American economy despite short-term disruption. Appearing before the Senate Banking Committee on Wednesday (local time) for his first semiannual monetary policy hearing since taking of…