New Delhi, June 24 (IANS) India is uniquely well positioned to lead the new ‘Human skills economy’ given that it has the world’s youngest workforce, and the fastest rate of AI adoption, a report said on Wednesday.India has the world’s highest rate of AI adoption, making human skills the sharpest edge in a tightening jobs market, the report from International Workplace Group (IWG) said.Around 73 per cent of Indian workers use AI tools regularly, well ahead of the United States (45 per cent) a…
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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…
New Delhi, June 23 (IANS) China has manipulated its trade data to show that its current account surplus as a share of GDP is smaller that of Europe and managed to get this data accepted by the IMF, according to a report published by Council on Foreign Relations (CFR).“There is a particular chart that appears in most OECD and IMF publications on imbalances that paints a deceptive picture of the state of today’s world. It shows that Europe’s current account surplus was bigger, as a share of …
Washington, June 23 (IANS) Microsoft Chief Executive Satya Nadella has issued a sharp warning against the growing concentration of power in the artificial intelligence industry, arguing that a handful of companies should not dictate the future of a technology that is reshaping economies, workplaces and societies.In an exclusive interview with The Wall Street Journal, Nadella outlined a vision for the next phase of the AI boom that centres on lower-cost models, greater user control and broader ac…
Washington, June 13 (IANS) Indian-born technology executive and entrepreneur Sivaramakrishnan “Soma” Somasegar, who helped shape Microsoft’s rise and later became a leading venture capitalist in the US Pacific Northwest, was honoured in the US House of Representatives this week for his contributions to technology, entrepreneurship and community service.Speaking on the House floor, Congresswoman Suzan DelBene of Washington remembered Somasegar as “an incredible technologist, entrepreneur, leader,…
New Delhi, June 9 (IANS) The National Green Tribunal (NGT) has directed the Uttar Pradesh Ground Water Department to examine allegations of illegal groundwater extraction by private builders, industries, and other entities in Noida and Greater Noida, and take remedial and punitive action if violations are found. A Bench of Chairperson Justice Prakash Shrivastava and expert member Dr Afroz Ahmad passed the order while disposing of an application filed by environmental conservationist Vikrant Tong…
New Delhi, June 3 (IANS) India’s three leading IT services providers — Infosys, TCS and Wipro — have collectively expanded deployment of ‘365 Copilot’ to more than 3 lakh employees within six months, marking one of the world’s largest enterprise artificial intelligence (AI) rollouts, Microsoft said on Wednesday.The US-based technology giant said each of the IT majors has now scaled Microsoft 365 Copilot deployments beyond 100,000 employees, expanding from around 50,000-seat deployments ann…
New Delhi, June 1 (IANS) The India-US partnership in semiconductors and artificial intelligence (AI), which got a fresh push during US Secretary of State Marco Rubio’s recent visit to India, has rapidly evolved from strategic dialogue to industrial execution. Anchored by the US-India TRUST Initiative and the PAX Silica Declaration, both nations are collaborating to build trusted tech supply chains, expand computational capacity, and establish joint R&D projects.The vision which was outline…
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 29 (IANS) The United States imports nearly 40 per cent of its generic medicines from India because of the trust it has in the country’s pharmaceutical capabilities, US Ambassador to India Sergio Gor said on Friday.Speaking at the Advancing Partnership in Research and Innovation event at Indian Institute of Technology here, Gor said India-US ties have expanded significantly across sectors including trade, defence, technology, health and space cooperation.“On pharmaceuticals, we…