Mumbai, July 14 (IANS) IBM shares plunged 23 per cent in pre-market trading on the New York Stock Exchange on Tuesday after the technology giant reported preliminary second-quarter results that fell short of market expectations, triggering a broad sell-off across software and IT services stocks.The sharp decline erased nearly $55 billion from IBM’s market capitalisation and, if sustained through the trading session, would mark the company’s steepest intra-day fall since the 1980s.International B…
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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’…
New Delhi, June 25 (IANS) US-based technology giant IBM on Thursday unveiled what it described as the world’s first sub-1 nanometre (nm) chip technology, a major breakthrough for the semiconductor industry as it approaches the physical limits of conventional chip scaling.The new chip is built on a 0.7 nm, or 7-angstrom, process node and features a novel three-dimensional transistor architecture called nanostack, according to the company.The chip enables continued improvements in performance and …
Washington, June 24 (IANS) A senior US State Department official has described India as one of America’s most important strategic partners and said the Trump administration is moving rapidly to deepen cooperation with New Delhi across trade, technology, energy and defence. Speaking at the fourth annual Capitol Hill advocacy event organised by the Foundation for India and Indian Diaspora Studies (FIIDS) on Tuesday (local time), Deputy Assistant Secretary of State for South and Central Asia Bethan…
Washington, June 23 (IANS) Indian-origin IBM Chief Executive Arvind Krishna joined senior Trump administration officials and technology leaders at the White House on Monday as President Donald Trump unveiled a new strategy to accelerate America’s quantum computing ambitions and strengthen its cyber security infrastructure.Krishna, one of the most prominent Indian-origin executives in the United States, welcomed two executive orders signed by Trump that seek to speed the development of advanced q…
Washington, June 23 (IANS) The United States launched an ambitious new push into quantum technology as President Donald Trump signed executive orders designed to speed the development of advanced quantum computers and move federal agencies more quickly towards quantum-resistant cyber security systems.The White House said the twin measures are intended to strengthen America’s position in a technology field increasingly viewed as critical to economic competitiveness, scientific discovery and natio…
Washington, May 15 (IANS) California Governor Gavin Newsom announced a series of appointments across state agencies, including the appointment of Indian American business executive Yogesh “Yogi” Chugh to the Structural Pest Control Board, according to an official statement released by the Governor’s office.Chugh, a resident of Fremont, “has been appointed to the Structural Pest Control Board,” the statement said.According to the release, Chugh “has been an Executive Managing Director…
New Delhi, May 7 (IANS) US tech giant IBM and Indian company Yotta Data Services on Thursday announced plans to build an Agentic AI platform for enterprises and government organisations in India on a locally hosted cloud.The platform will be built using IBM watsonx Orchestrate and deployed on Yotta’s Shakti Cloud to help scale AI adoption for organisations while “meeting evolving requirements around data residency, security, and regulatory compliance, as per the official statement.The proposed…
Amaravati, April 9 (IANS) Marking World Quantum Day on April 14, Andhra Pradesh Chief Minister N. Chandrababu Naidu will formally launch India’s first indigenous Quantum computer testing facility at SRM University, Amaravati. He will also virtually inaugurate the Quantum facility centre at Medha Towers in Gannavaram near Vijayawada.The state government announced that Andhra Pradesh will be the first state to commission such a facility, with Amaravati Quantum Valley set to emerge as an in…
Amaravati, March 31 (IANS) Affirming that the future belongs to quantum computing, Andhra Pradesh Chief Minister N. Chandrababu Naidu on Tuesday said that the state has set the target of manufacturing quantum computers at Amaravati Quantum Valley in two years.Addressing a roundtable conference on the Quantum Hardware Manufacturing Ecosystem at the Amaravati Quantum Valley (AQV), Naidu said the state’s objective is not to import quantum computer hardware, but to manufacture it right here within…