New Delhi, March 17 (IANS) Major chipmaker Nvidia made a series of announcements at its annual GTC event, with CEO Jensen Huang saying that the company could generate up to $1 trillion in revenue from AI chips alone by 2027 amid the ongoing rapid growth in artificial intelligence industry.Speaking at the event held in San Jose, California, Huang outlined Nvidia’s strategy to dominate the AI ecosystem by building an integrated stack of hardware, software and infrastructure.One of the key highli…
Latest Uber News & Updates
Chennai, Feb 18 (IANS) The Tamil Nadu Transport Department has directed app-based mobility platforms such as Uber, Rapido and Porter to immediately stop using two-wheelers and passenger autorickshaws for the transportation of goods within the state. In letters dated February 16, State Transport Commissioner Kiran Gurrala informed the platforms that passenger auto-rickshaws operate under contract carriage permits and are legally barred from functioning as goods carriers.The communication warned t…
New Delhi, Feb 12 (IANS) As a nationwide Bharat Bandh is being held to protest what unions describe as anti-worker, anti-farmer and pro-corporate policies of the Central government, leaders and legal advisors associated with some organisations in Delhi-NCR on Thursday supported the laws introduced by the government and termed the strike wrong and politically motivated. The strike, led by a coalition of 10 central trade unions and supported by farmers’ groups, students and youth bodies, aims to…
New Delhi, Feb 7 (IANS) As a union of app-based taxi and autorickshaw drivers announced a one-day strike to press several demands, drivers associated with Ola, Uber and Rapido in Delhi-NCR on Saturday said fares were quite low. They also added that these companies do not provide proper safety measures or fair rates. In Delhi-NCR, drivers linked to app-based ride-hailing platforms Ola, Uber and Rapido are currently on a nationwide strike.Speaking to IANS, a driver said, “I drive for both Ola an…
New Delhi, Feb 7 (IANS) App-based transport workers across the country associated with Ola, Uber, Rapido, Porter and other app-based ride-hailing platforms will observe “breakdown” on Saturday against falling incomes and “worsening exploitation”.Telangana Gig and Platform Workers Union (TGPWU) and Indian Federation of App Based Transport Workers (IFAT) have called the All-India ‘breakdown’.They said on Friday that the ‘breakdown’ has been called to protest against falling incomes and ‘worsening …
Hyderabad, Feb 6 (IANS) App-based transport workers across the country associated with Ola, Uber, Rapido, Porter and other app-based ride-hailing platforms will observe “breakdown” on Saturday against falling incomes and “worsening exploitation”. Telangana Gig and Platform Workers Union (TGPWU) and Indian Federation of App Based Transport Workers (IFAT) have called the All-India ‘breakdown’.They said on Friday that the ‘breakdown’ has been called to protest against falling incomes and ‘worsening…
Mumbai, Feb 5 (IANS) Union Home and Cooperation Minister Amit Shah on Thursday will launch Bharat Taxi, India’s first ride‑hailing service application based on a co-operative model.The minister will unveil the application as a government‑backed alternative to established players such as Uber, Ola, and Rapido.Supported by the Ministry of Cooperation and operated by Sahkar Taxi Cooperative Limited, Bharat Taxi is being promoted as a driver‑owned mobility service that follows a zero‑commiss…
Washington, Jan 29 (IANS) US President Donald Trump has claimed a surge in investment, record stock market gains, and strong backing from major technology, finance, and consumer companies, as he argued the United States is entering an unprecedented economic expansion.Speaking at the Treasury Department’s Trump Accounts Summit on Wednesday (local time), Trump said more than “$18 trillion” in investment is flowing into the US, driving large-scale construction across industries from automobil…
Washington, Jan 29 (IANS) US President Donald Trump on Wednesday unveiled a new federal initiative called “Trump Accounts,” saying the programme would provide every newborn American child with a government-funded investment account to give families a financial head start from birth.Speaking at the Treasury Department’s Trump Accounts Summit, Trump said the initiative would “give every newborn American child a financial stake in the future,” calling it a way to ensure that children begi…
New Delhi, Jan 25 (IANS) With exports stagnating and cost of doing business skyrocketing, Pakistan is going through an ‘investment emergency’ amid ad-hocism and a lack of transparency in policy affairs, a new report has revealed.According to the Federation of Pakistan Chambers of Commerce and Industry, the cost of doing business in Pakistan is 34 per cent higher than that of its neighbours and regional states.“This pushes the entire gamut of the economy on a slippery note as industries, entrep…