Washington, July 24 (IANS) US President Donald Trump declared that the United States was well ahead of China in the global race to dominate artificial intelligence, arguing that rapid expansion of domestic energy infrastructure was essential to maintaining that lead while ensuring American consumers do not bear the cost of powering the AI revolution.Speaking at an event on the administration’s Ratepayer Protection Pledge, Trump said the explosive growth of AI would require more than double the c…
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Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has said that the United States is witnessing the biggest wave of business investment in a generation, driven largely by artificial intelligence (AI), and predicted that the technology would ultimately create jobs, lift productivity and strengthen the American economy despite short-term disruption. Appearing before the Senate Banking Committee on Wednesday (local time) for his first semiannual monetary policy hearing since taking of…
Washington, July 8 (IANS) The Trump administration has launched its first major investigation into alleged fraud involving H-1B and PERM employment visas, with the US Labour Department’s Inspector General saying investigators have already issued dozens of subpoenas as part of a sweeping probe into suspected labour trafficking and abuse of foreign worker programmes. Labour Department Inspector General Anthony D’Esposito said the investigation would be one of the most aggressive actions ever under…
New Delhi, July 5 (IANS) Meta on Sunday said it maintains a zero tolerance policy towards the solicitation or sharing of child sexual abuse material (CSAM), including through advertisements, asserting that it uses advanced artificial intelligence (AI) technology to proactively detect and remove violating content while continuously strengthening its safeguards against offenders.In a statement, a Meta spokesperson said the company is in a constant battle with criminals who attempt to evade its det…
New Delhi, July 3 (IANS) India’s record defence production at $19 billion in FY26 was driven by policy reforms, growing private-sector participation, enhanced research and development, stronger domestic procurement and a strategic push towards indigenous manufacturing, a new report has said.The report from Vietnam Times said defence output has more than doubled over the past five years, rising from about $8.5 billion FY21 to the current level.The report credited a series of government measures…
Mumbai, June 28 (IANS) Filmmaker Shekhar Kapur, who is known for his insightful social media posts, has shed light on the expanding market of micro-dramas. On Sunday, the filmmaker took to his X, formerly Twitter, and penned a long note, as he spoke about the market size of micro-dramas.He wrote, “The whole world suddenly is talking about microdramas. They should. In China, the current value is almost $150 billion by the end of 2026. That is nearly twice the annual box office of their films at…
Washington, June 26 (IANS) US President Donald Trump on Friday threatened to impose a 100 per cent tariff on imports from any country that introduces a Digital Services Tax on American companies, warning that such duties would override existing trade agreements and take effect immediately.In a statement posted on his social media platform, Trump said several European countries were discussing the imminent implementation of Digital Services Taxes targeting American technology firms and that some …
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 11 (IANS) US President Donald Trump has said he will soon meet the country’s leading artificial intelligence executives and suggested his administration is exploring ways to ensure Americans directly benefit from the enormous wealth being created by the rapidly expanding AI industry.Speaking at the White House after signing the Secure America Act, Trump described artificial intelligence as the most transformative industry the United States has ever seen and said maintaining Amer…
Washington, June 6 (IANS) Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee, has invited Nvidia President and Chief Executive Officer Jensen Huang to testify at a public hearing on artificial intelligence next week, placing renewed focus on the company’s business interests in China and US export controls.In a letter dated June 4, Warren asked Huang to appear before members of the Senate Committee on Banking, Housing, and Urban Affairs at a hearing scheduled for June 11 i…