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…
New Delhi, July 22 (IANS) India’s installed data centre capacity has grown from about 375 megawatts in 2020 to around 1.5 gigawatts (GW) in 2025 and is projected to reach 6.5 GW by 2030, more than four times current levels, a report said on Wednesday.The report from Rubix Data Sciences said capacity additions accelerated sharply, with India adding 387 megawatts of IT capacity in 2025, marking a 103 per cent year‑on‑year increase from the 191 megawatts added in 2024.India ranked seventh glo…
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 5 (IANS) Lieutenant General Anindya Sengupta, General Officer Commanding-in-Chief, Central Command, stressed on adaptability and technology-driven military capabilities to address the evolving character of warfare, an official said The Army Commander delivered an address on ‘Re-imagining Operational Art for Multi-Domain Operations’ at the School of Artillery on Friday, underscoring the imperative for innovation.During the visit to the School of Artillery, the Army Commander a…
New Delhi, July 3 (IANS) India is in talks with the United States to secure access to Anthropic’s Project Glasswing to strengthen cybersecurity testing of its critical digital infrastructure, a senior government official said on Friday.Speaking at the Confederation of Indian Industry (CII) Cybersecurity Summit, Ministry of Electronics and Information Technology (MeitY) Secretary S. Krishnan said access to the advanced AI model would help India stress-test its digital systems against frontier art…
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 …
New Delhi, June 29 (IANS) Emerging demand scenarios could lift India’s annual solar installations from around 50 GW in FY27 to nearly 85 GW by FY30, a report said on Thursday.The report from Equirus Securities said data centres, green hydrogen and night-time connectivity could add 15-20 GW of incremental solar demand annually from FY29.India’s utility solar sector has a robust multi-year growth runway, with 145 GW of signed power purchase agreements (PPAs) and 68 GW of pending awards supporting …
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…