LTM's managing director and chief executive, Venu Lambu, said the results reflect the progress in executing an artificial intelligence-centric strategy among other aspects and termed the order book a…

LTM's managing director and chief executive, Venu Lambu, said the results reflect the progress in executing an artificial intelligence-centric strategy among other aspects and termed the order book as "strong" with a healthy pipeline across sectors. The company's overall revenue grew 18% on-year in rupee terms to Rs 11,608 crore during the reporting quarter, and was up 2.8% when compared with the March quarter.

Vaishnaw said rapid advances in AI are reshaping the global technology landscape and require continuous learning and innovation. He urged the IT industry to seize the opportunity by developing next-g…

Vaishnaw said rapid advances in AI are reshaping the global technology landscape and require continuous learning and innovation. He urged the IT industry to seize the opportunity by developing next-generation technology solutions and strengthening India's position as a global technology leader.

Karnataka's IT Minister met Anthropic India's MD to discuss the state's AI vision. Discussions focused on building advanced AI skillsets and forging strategic partnerships for skilling. According to …

Karnataka's IT Minister met Anthropic India's MD to discuss the state's AI vision. Discussions focused on building advanced AI skillsets and forging strategic partnerships for skilling. According to a statement from the minister's office, the two sides also deliberated on establishing Centres of Excellence and incubators to strengthen AI research, innovation and entrepreneurship in the state.

SoftBank Vision Fund has appointed Mark Agne to lead finance and technology roles. The move follows a series of staffing changes at SoftBank as its focus shifts alongside founder Masayoshi Son’s ques…

SoftBank Vision Fund has appointed Mark Agne to lead finance and technology roles. The move follows a series of staffing changes at SoftBank as its focus shifts alongside founder Masayoshi Son’s quest for technologies underpinning AI services. Agne joined SoftBank in 2019 after 17 years at Goldman Sachs, where he led the Japan securities division and was co-head of Asia-Pacific equity trading.

India's IT sector can address the global semiconductor talent shortage of one million people. Prime Minister Modi's focus has led to twelve plants developing chips for export. Electronics exports hav…

India's IT sector can address the global semiconductor talent shortage of one million people. Prime Minister Modi's focus has led to twelve plants developing chips for export. Electronics exports have now become the country's third largest export category. Mobile phones are now the largest exported item from India. Railways are also transforming with station redevelopment and new train services.

India's position as the world's third-largest fintech ecosystem is now translating into a larger platform-building role. Global financial technology companies are increasingly turning to the country …

India's position as the world's third-largest fintech ecosystem is now translating into a larger platform-building role. Global financial technology companies are increasingly turning to the country for product engineering, artificial intelligence and cross-border infrastructure. The country's fintech sector is estimated at USD 111 billion and is projected to reach USD 421 billion by 2029.

FSSAI has issued nine notices to Swiggy Instamart due to multiple consumer complaints. Allegations include supplying expired, spoiled, and contaminated food products to customers. Specific products l…

FSSAI has issued nine notices to Swiggy Instamart due to multiple consumer complaints. Allegations include supplying expired, spoiled, and contaminated food products to customers. Specific products like eggs and protein powder were found unfit for consumption. The regulator also noted issues with FSSAI license numbers and grievance redressal. Swiggy Instamart must submit a detailed report or face legal action.

Phia, co-founded by Phoebe Gates, faces accusations of violating affiliate marketing policies. The browser extension allegedly claimed sales it did not drive by injecting its own referral codes. Inde…

Phia, co-founded by Phoebe Gates, faces accusations of violating affiliate marketing policies. The browser extension allegedly claimed sales it did not drive by injecting its own referral codes. Independent researchers and competitors like Capital One Shopping highlighted these concerning practices. Phia acknowledged the issue, stating it has been fixed and resolved. The company has previously faced allegations regarding user data logging practices.

Meta discontinued its new AI image generation feature after significant criticism. The tool allowed image creation using public Instagram accounts without explicit user consent. Actors and a Hollywoo…

Meta discontinued its new AI image generation feature after significant criticism. The tool allowed image creation using public Instagram accounts without explicit user consent. Actors and a Hollywood union voiced strong objections regarding privacy concerns. Meta stated the feature missed the mark and is no longer available. This reversal highlights growing user control demands for AI content usage.

The United States has eased export controls on the United Arab Emirates. This change allows easier access to Nvidia AI chips and military equipment. Approved UAE companies and US firms operating ther…

The United States has eased export controls on the United Arab Emirates. This change allows easier access to Nvidia AI chips and military equipment. Approved UAE companies and US firms operating there will receive license-free advanced computing items. This move strengthens US-UAE relations and supports American technology companies. The decision follows decades of cooperation against Iran and its proxies.

Altera, a chip maker spun from Intel, is experiencing significant annual growth. The company anticipates strong performance driven by artificial intelligence and robotics applications. Altera is also…

Altera, a chip maker spun from Intel, is experiencing significant annual growth. The company anticipates strong performance driven by artificial intelligence and robotics applications. Altera is also preparing for a potential public listing in the near future. They have reduced reliance on Intel and are using advanced memory technology. This strategic positioning aims to capitalize on future market opportunities.

Meta has appealed a landmark social media addiction lawsuit verdict in Los Angeles. The company challenges the jury's determination that its platforms were designed to hook young users. This appeal f…

Meta has appealed a landmark social media addiction lawsuit verdict in Los Angeles. The company challenges the jury's determination that its platforms were designed to hook young users. This appeal follows a jury finding negligence by Meta and Google's YouTube. The jury awarded a young woman three million dollars in damages. Both companies plan to appeal, citing the complexity of teen mental health issues.

Music organisations have introduced a voluntary labeling system for AI-generated content. This system aims to inform listeners about the use of artificial intelligence in music. Two labels will disti…

Music organisations have introduced a voluntary labeling system for AI-generated content. This system aims to inform listeners about the use of artificial intelligence in music. Two labels will distinguish between fully AI-generated and AI-assisted recordings. Streaming services are closely monitoring this development for enhanced transparency. The proposed labels seek broad global adoption across various platforms.

Apple has accused OpenAI of stealing its trade secrets for new hardware. Two former Apple employees now working for OpenAI are named defendants. The lawsuit claims OpenAI encouraged employees to shar…

Apple has accused OpenAI of stealing its trade secrets for new hardware. Two former Apple employees now working for OpenAI are named defendants. The lawsuit claims OpenAI encouraged employees to share confidential information. OpenAI stated it has no interest in other companies' trade secrets. This legal action marks a significant rift in their partnership.

The UK government has identified Microsoft, Google, Amazon, and Oracle as essential cloud providers, implying new regulatory measures for these tech giants. This initiative is designed to bolster the…

The UK government has identified Microsoft, Google, Amazon, and Oracle as essential cloud providers, implying new regulatory measures for these tech giants. This initiative is designed to bolster the resilience of the financial sector against potential cyber threats and service interruptions, introducing stringent testing and reporting protocols. Through this framework, the UK aims to secure and stabilize its financial infrastructure for the future.

Telegram has also submitted its response to the government that last week issued formal notices to the messaging platforms, directing them to immediately halt the rollout of the username feature. The…

Telegram has also submitted its response to the government that last week issued formal notices to the messaging platforms, directing them to immediately halt the rollout of the username feature. These platforms currently rely on mobile phone numbers for user identification.

Domestic investors now hold majority stakes in Swiggy, reducing foreign holdings. Several foreign institutional investors have significantly reduced their stakes in the hyperlocal platform. Meanwhile…

Domestic investors now hold majority stakes in Swiggy, reducing foreign holdings. Several foreign institutional investors have significantly reduced their stakes in the hyperlocal platform. Meanwhile, domestic institutional investors have increased their holdings in Swiggy. This shift moves Swiggy closer to Indian-owned and controlled company status. The company will restructure its board to achieve this new designation.

"We forecast that next year ​will be the worst year in the industry's history from the supply perspective," Kwak Noh-jung told Reuters ​in an interview on ⁠Friday, the ‌day the South Korean memory ch…

"We forecast that next year ​will be the worst year in the industry's history from the supply perspective," Kwak Noh-jung told Reuters ​in an interview on ⁠Friday, the ‌day the South Korean memory chipmaker ​began trading ​on the Nasdaq.

Oscar-he believed the kind of movies he makes -- big-budget action films shot mostly on location -- would survive the spread of AI, a technology he says many people "disdain". The AI industry has tou…

Oscar-he believed the kind of movies he makes -- big-budget action films shot mostly on location -- would survive the spread of AI, a technology he says many people "disdain". The AI industry has touted the potential of the technology to replace actors, writers and camera operators -- claims that have spread panic in movie-making circles, though also plenty of scepticism.

King ​Yuan Electronics said the investment is intended to support ​operational growth ⁠and strengthen ‌its position in ​the ​global supply chain.