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…
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Seoul, May 29 (IANS) Samsung Electronics said on Friday it has begun shipping samples of its latest high-bandwidth memory (HBM) chip, the 12-layer HBM4E, marking the world’s first shipment of the next-generation artificial intelligence (AI) memory product.The move comes just three months after Samsung became the first company to begin mass production and shipments of sixth-generation HBM4 chips in February, underscoring its efforts to strengthen its leadership in the rapidly growing AI memory ma…
Seoul, May 21 (IANS) South Korean stocks opened markedly higher on Thursday on rising hopes for a possible peace deal between the United States and Iran, and an end to labor unrest at Samsung Electronics, triggering a buy-side sidecar.After starting 3.85 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) rose 277.42 points, or 5.27 percent, to 7,388.52 as of 9:30 a.m, reports Yonhap news agency.As stocks extended gains, a buy-side order in the KOSPI futures was suspended for…
New Delhi, May 13 (IANS) Billionaire entrepreneur Elon Musk on Wednesday confirmed that he is travelling to Beijing aboard Air Force One alongside US President Donald Trump and several top American business leaders for a high-stakes summit with Chinese President Xi Jinping.Musk revealed his participation in the trip through a post on X, writing, “On my way to Beijing in Air Force One.” His confirmation comes as a powerful delegation of leading US corporate executives heads to China in what i…
New Delhi, April 28 (IANS) Bengaluru remains a prominent talent hub for India’s top companies hiring in the silicon valley of the country, followed closely by Hyderabad, a new report showed on Tuesday.Delhi, Mumbai, and Chennai also continue to be hiring hubs, where companies are looking for professionals who combine technical fluency with human skills like communication and problem‑solving – the capabilities AI cannot replace, according to the report by LinkedIn.Based on signals from the …
New Delhi, April 17 (IANS) Billionaire industrialist Gautam Adani, Chairman of the Adani Group, has become Asia’s richest individual, overtaking Reliance Industries Chairman Mukesh Ambani, according to the latest Bloomberg Billionaires Index.Gautam Adani’s net worth rose to $92.6 billion, placing him 19th globally, while Mukesh Ambani slipped to the 20th position with a net worth of $90.8 billion.The reshuffle at the top highlights the ongoing volatility in global wealth rankings in 2026, am…
Sanand (Gujarat), March 31 (IANS) Union Electronics and Information Technology Minister Ashwini Vaishnaw on Tuesday said four semiconductor plants are expected to be ready in India by 2026, as he outlined an accelerated roadmap for the sector following the inauguration of a new facility in Gujarat.In comments after Prime Minister Narendra Modi inaugurated the Kaynes Semicon’s OSAT plant in Sanand, Vaishnaw said: “In 2026, four plants will be ready, and two plants in 2027. India’s first fabrica…
New Delhi, March 27 (IANS) Growing concerns over China’s rapid advances in artificial intelligence (AI) are driving an unprecedented alignment between US lawmakers and Silicon Valley, with both sides increasingly viewing the technology race as a strategic and economic battle, a report said.At the Hill and Valley Forum, a platform aimed at bridging ties between Washington and Big Tech, leaders from government and industry signalled rare consensus that competition with China in AI has become cri…
New Delhi, March 18 (IANS) India is emerging as a key player in the global semiconductor ecosystem, not because of large chip manufacturing plants, but due to its strong pool of engineering talent and growing design capabilities, a report has said.For years, countries like Taiwan and South Korea have dominated discussions around semiconductor alliances because of their advanced fabrication facilities, while Japan has been known for its strength in materials and equipment.In comparison, India has…
New Delhi, March 17 (IANS) IT stocks came under selling pressure on Tuesday, emerging as the top dragger among sectoral indices amid rising concerns over the impact of generative artificial intelligence on traditional revenue streams.The Nifty IT index declined as much as 2.59 per cent to 28,288, hitting an intra-day low, with all constituents of the index falling by up to around 7 per cent.Meanwhile, the Nifty traded with high volatility, while weakness was also seen in PSU Bank and FMCG indice…