New Delhi, March 7 (IANS) Artificial intelligence (AI) has the potential to contribute $135.6–$149.9 billion to the value creation journey of manufacturing MSMEs by 2035 — under a scenario where MSMEs account for 50 per cent of India’s gross manufacturing value added, a report showed on Saturday.According to the joint report by PwC India and the Observer Research Foundation (ORF), if India succeeds in increasing manufacturing’s share of GDP to 25 per cent, and MSMEs raise their contributio…
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New Delhi, Feb 27 (IANS) Twitter (now called X) co-founder Jack Dorsey has announced that Block, the financial services company he founded, will cut its workforce by 40 per cent due to AI-led changes.Dorsey said on social media platform X that the company will cut its workforce from over 10,000 people to just under 6,000, with more than 4,000 employees being asked to leave or enter into a consultation-based role.Dorsey said that affected employees will receive “20 weeks’ salary plus one week p…
New Delhi, Feb 13 (IANS) Chief of artificial intelligence at Microsoft, Mustafa Suleyman, has warned that most white‑collar roles that rely on computers could be automated within the next 12 to 18 months.He informed that the company is building a “professional‑grade AGI”, that could automate majority of works done by lawyers, accountants, project managers and marketers.In an interview with the Financial Times, Suleyman said Microsoft is racing to develop “professional‑grade AGI”, A…
New Delhi, Feb 12 (IANS) Artificial intelligence could contribute nearly $550 billion to India’s economy by 2035, across five priority sectors including agriculture, education, energy, healthcare and manufacturing, a report said on Thursday.The report from Vietnam Times cited PwC India’s flagship study adding that it was rounded in economic modelling and real-world pilots.AI Edge for Viksit Bharat study from PwC India was tabled at the World Economic Forum (WEF) in Davos 2026 and led to Indi…
New Delhi, Feb 1 (IANS) Industry experts on Sunday hailed the Union Budget 2026’s push to the biopharma sector, clinical trials, along with its thrust to the medical tourism and Ayurveda.The Union Budget 2026-27, presented by Finance Minister Nirmala Sitharaman in Parliament, proposed the Biopharma Shakti (Strategy for Healthcare Advancement through Knowledge, Technology, and Innovation) scheme.The scheme, with an outlay of Rs 10,000 crores over the next five years, aims to develop India as a …
Davos, Jan 23 (IANS) Artificial intelligence (AI) has the potential to contribute $550 billion to five priority sectors — agriculture, education, energy, healthcare and manufacturing — in India by 2035 at a nominal level, positioning the country as a potential global benchmark for how emerging economies can deploy AI in a manner that is both transformative and equitable, said a PwC India report released at the World Economic Forum’s (WEF) annual meeting here on Friday.The report showed that AI…
Mumbai, Jan 10 (IANS) Culver Max Entertainment Pvt Ltd, widely known as Sony Pictures Networks India (SPNI), is reportedly planning to lay off over 100 employees and reshuffle senior management as part of a cost‑cutting exercise amid profitability challenges.The cuts will largely affect SonyLIV’s post‑production teams, which the company intends to outsource, with additional job losses expected in marketing, advertising sales and Broadcast Operations and Network Engineering (BONE), accordin…
New Delhi, Dec 23 (IANS) The data centre installed capacity in India is projected to grow from about 1.5 gigawatts currently to nearly 14 gigawatts by 2035, at an annual growth rate between 20-24 per cent, a report showed on Tuesday.The growth in data centre industry mirrors the growth trajectory of the digital economy which already contributes $402 billion or 11.74 per cent of the GDP (FY 2022-23) and is expected to account for around 20 per cent of national income, surpassing agriculture and m…