TECHNOLOGY
Mustafa Suleyman becomes Microsoft AI’s CEO: 7 things to know about the British AI pioneer
Suleyman was the co-founder of the AI startup DeepMind which was acquired by Google, and most recently he co-founded Inflection AI.
TECHNOLOGY
Facebook Co-founder Eduardo Saverin’s B Capital raises $750 million in Opportunities Fund II
Focused on late stage startups, a majority of this new fund will be used to identify follow-on investment opportunities in existing, high-performing B Capital portfolio companies
TECHNOLOGY
Crypto ads make a comeback amid soaring Bitcoin prices
Brand strategists said that crypto exchanges are cautiously wooing customers this time around, following the backlash from the Advertising Standards Council of India in 2022.
TECHNOLOGY
At an estimated 641 mn players, gaming will be key as India aims to be an $8-trillion economy: Meta India MD
By 2025, India’s gaming ecosystem along with all its brands will be worth $7.5 billion, Sandhya Devanathan said at Meta Gaming Summit.
TECHNOLOGY
India has a good mix of Bitcoin use cases; is way more tech savvy: Block Inc's Max Guise
Jack Dorsey-led Block has officially entered India, as it starts shipping its self-custody Bitcoin wallet, Bitkey, in the country.
TECHNOLOGY
Bitcoin just surpassed its all-time high price, what’s driving this rally?
Here’s all you need to know about the Bitcoin’s recent surge, the next crypto boom, and more.
TECHNOLOGY
Why top Silicon Valley executives are investing in new AI startup Ema
The startup’s captable boasts of former Meta COO Sheryl Sandberg, Yahoo co-founder Jerry Yang among its angels, apart from a slew of institutional investors like Accel, Prosus and Wipro.
TECHNOLOGY
Tech industry struggles to find a middle ground on LLMs, ESG goals
In an effort to lower the energy cost and carbon footprint of building generative AI models, companies are actively working to find solutions and develop alternative green technologies to adhere to their Environmental, Social and Governance goals.
TECHNOLOGY
LTIMindtree to set up JV with Saudi Aramco's subsidiary Global Digital
LTIMindtree will be hold a 51 percent stake in the company and make an initial investment of $12.3 million. Global Digital will hold the remaining 49 percent stake
BUSINESS
Govt’s AI advisory regressive, clarification vague: Experts
Experts say the advisory and certain terms used in the subsequent clarification by the Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar on the matter, are ambiguous and vague.
TECHNOLOGY
Chip Wars: How Infy, HCLTech, Wipro and Tech Mahindra are walking the semiconductor talk
Top Indian and global IT services companies, like Accenture, Infosys, HCLTech, Capgemini, Wipro, and Tech Mahindra, have acquired many semiconductor design and R&D companies, and are making huge investments in the sector.
BUSINESS
Indian founders with reasonable level of profitability right now should explore IPO: Peak XV’s Rajan Anandan
Anandan also discussed about how the current 'AI' focussed startup ecosystem in the US is different from India
BUSINESS
AI will be the story for the next decade, says Info Edge CEO Hitesh Oberoi
Entrepreneurs today have to be careful because if they are not leveraging it to their benefit they could get disrupted very easily, Oberoi said.
TECHNOLOGY
Trifecta Capital looks to raise $241 million for fourth venture debt fund
Trifecta also plans to launch its second growth-stage equity fund, Trifecta Leaders Fund 2, by early 2025.
BUSINESS
IT companies say GCCs won't hit revenues, forge more tie-ups
TCS and Capgemini have facilitated the establishment of GCCs within their own premises for clients
TECHNOLOGY
GCCs are no more just staffing discussions, they are our customers: Tech Mahindra’s Jagdish Mitra
These offshore arms of multinationals are collaborating to leverage the domain expertise, services and technology portfolio of Indian IT companies that has been built over the years, said the company’s head of India business and corporate affairs.
BUSINESS
Healthcare payments startup QubeHealth in talks to raise $6-9 million in series A round
A major portion of the fresh capital will be used to develop and expand QubeHealth’s artificial intelligence (AI) capabilities, sources privy to the development said.
TECHNOLOGY
Certainty of policy, resource availability should be key focus areas for India’s semiconductor plan: Micron Technology EVP
It took 60 years to get to $500 billion in revenue in the semiconductor industry, it's going to take five years to get to the next $500 billion, Manish Bhatia said while adding that India has a tremendous opportunity ahead.
TECHNOLOGY
Don’t see hiring going down due to AI, but how we train employees will change: TCS CEO K Krithivasan
Generative AI in most places is being used for experimentations and PoCs, it is too early call it mainstream or say it is causing reduction in workforce, he said
TECHNOLOGY
India offers to lead global AI regulation, plans to discuss draft framework at GPAI Summit in June-July: Rajeev Chandrasekhar
Chandrasekhar said that as the largest democracy in the world, India has both an opportunity and a responsibility to influence the way the world thinks about information and collaborates on regulations.
TECHNOLOGY
We'll get a proportionate share of rival’s customers: PhonePe CEO Sameer Nigam on Paytm crisis
Nigam also spoke in detail about the overall regulatory environment for fintechs and RBI’s action against this rival company. The company in question was given “ample time to accurately respond," he said
TECHNOLOGY
Meta doubling down on WhatsApp Business in India: MD Sandhya Devanathan
Around 60 percent of WhatsApp users in India are interacting a business every week through the messaging app.
TECHNOLOGY
AI will be the ‘FASTag’ for India’s economy, says Google India head Sanjay Gupta
He compared issues like language barrier, capital accessibility and size of business with toll gates on the highway of growth.
BUSINESS
IT industry growth halves to 3.8% in FY24 vs 8.4% in FY23: Nasscom
Overall growth projection has slowed down to 3.8%, as compared to an 8.4 percent growth the tech industry body had projected in the previous fiscal year.
