ARTIFICIAL INTELLIGENCE
Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs
Huawei, the Chinese tech giant, is set to launch mass production of its most advanced AI chip in early 2025. The company faces challenges due to US restrictions on technology access. Huawei has already begun sending samples and taking orders for the new chip. The chip aims to compete with those made by US-based Nvidia.
OneCell Diagnostics raises $16 million in round led by Celesta Capital, others
OneCell Diagnostics, a startup specializing in AI-powered cancer diagnostics, has successfully secured $16 million in Series A funding. This investment will fuel the company's expansion into the US market with its innovative liquid biopsy test, OncoIndx Alfa. OneCell's ultimate goal is to democratize precision oncology by making advanced cancer testing more accessible and affordable.
'If India Can Make Sensors for Rockets, it Can Make for Cars Too'
Speaking at the Bengaluru Tech Summit on Wednesday, S Somanath said that if Isro can produce space-graded sensors for its rockets, then the country's automobile industry can collaborate with the space agency and manufacture vehicle sensors indigenously.
India, Brazil, South Africa agree to use digital public infrastructure, AI and data for governance
Leaders from the G20 Troika - India, Brazil, and South Africa - released a joint declaration emphasizing the role of Digital Public Infrastructure (DPI) and AI in achieving inclusive and sustainable development. They highlighted the potential of these technologies to transform lives, create jobs, and improve healthcare and education outcomes, particularly in the context of sluggish global economic growth.
India must build patents, foundation models and skill deeptech talent: GCC executives
More expertise in artificial intelligence and quantum computing is needed from talents for career readiness said a set of panellists at the Bengaluru Tech Summit 2024. “The AI patents filed until the beginning of 2023, 60% came from China, 20% from the US and India’s number is 0.25%. And that is an area of work that Indian GCCs have to really invest and amp up the innovation factor,” said Milesh J, vice president, head of strategy & operations at SAP.
India, Brazil and South Africa agrees to use digital public infra and AI to bridge global inequality gap
This declaration, endorsed by several G20 countries, guest nations, and international organisations, underscores the potential of technology to bridge global inequalities and accelerate progress toward the Sustainable Development Goals (SDGs).
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UK clears Google parent and Anthropic partnership
Britain's competition regulator on Tuesday cleared Google-parent Alphabet's investment in Anthropic, an American developer of artificial intelligence, following a probe. It also cleared the way for a tie-up between US giant Microsoft and French artificial intelligence firm Mistral AI, concluding it did not amount to a merger. ajb/bcp/db
Nvidia's options primed for $300 billion price swing after earnings
According to data from options analytics service ORATS, Nvidia options predicted an 8.5% swing in either direction for the shares which will be announced once the markets are closed. This is in keeping with the trend observed in percentage moves over the last 12 quarters.
Think out of the box, adapt to changing tech landscape: CAG tells officers
With the increasing use of AI and emerging technologies to provide services, he said there are numerous risks, ranging from privacy breaches and algorithmic biases to social exclusion.
Samsung Electronics plans $7.2 billion buyback after share price plunges
The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, it said in a statement. In the short term, the decision would likely help Samsung's share performance, but the company needs concrete business plans to better support its share performance, analysts said.
Lenovo plans global factory expansion as Q2 results beat; eyes AI growth
While China remains its main manufacturing base, Lenovo operates more than 30 factories in nine different markets. The company plans to open facilities in Saudi Arabia following a major investment deal with the kingdom's Public Investment Fund, Chairman Yang said.
SoftBank to get first new Nvidia chips for Japan supercomputer
The announcement indicates that SoftBank has secured a favorable spot in line for Nvidia chips. Nvidia CEO Jensen Huang announced the new Blackwell lineup earlier this year, but production snags slowed the rollout.
CloudFirst Technology® Private Limited Announces the Launch of CloudFirst AI Factory!
CloudFirst Technology® has launched its AI Factory, a dedicated space for developing and expanding its artificial intelligence services. The company aims to leverage AI technology to create practical solutions that address real-world challenges and drive positive change across industries.
SoftBank expected to book $1.87 billion profit on IPOs
Analysts are also looking out for signs of new investment momentum driven by SoftBank's robust balance sheet and management's bullish stance on artificial intelligence (AI).
Perplexity raising new funds at $9 billion valuation: sources
Perplexity is set to raise $500 million in the new funding round led by venture capital firm Institutional Venture Partners (IVP), which also holds a board seat in the startup.
SaaS major Salesforce India hits $1 billion milestone, expands AI-driven growth
There are over 2 million Salesforce developers in India, making it the second-largest community on the Salesforce platform outside of the US. It has about 13,000 employees in India, having added 3,000 over the past year.
US regulators reject amended interconnect agreement for Amazon data center
Members of the Federal Energy Regulatory Commission said the agreement to increase the capacity of the data center located on the site of Talen Energy's Susquehanna nuclear generating facility could raise power bills for the public and affect the grid's reliability.
Amazon belt-tightening produces strong cloud, ecommerce results
Total third-quarter revenue increased 11% to $158.9 billion, the company said Thursday in a statement, exceeding estimates. Operating profit was $17.4 billion, demolishing the average estimate of $14.7 billion. “Amazon beat expectations in Q3 on the strength of the three pillars of its business ecommerce, advertising and cloud services,” said Sky Canaves, an analyst at Emarketer.
Siemens to buy engineering software firm Altair for $10.6 billion
The deal for Michigan-based Altair is German company Siemens's biggest acquisition since Siemens Healthineers bought medical device maker Varian Medical Systems for $16.4 million in 2020.
Meta's profit rises 35%, even as spending spree continues
The Silicon Valley company reported double-digit revenue and profit growth for the third quarter, driven largely by advancements in its systems for advertisement targeting and suggesting relevant posts and videos to users. The improvements came from its continued investments in artificial intelligence, the company said.
EU to invest $1.5 billion in region's deep tech sector
The funding will come from the European Innovation Council (EIC), which is part of the EU's research and innovation programme, and it represents an increase of nearly 200 million euros in terms of investment compared to 2024.
Union Minister Ashwini Vaishnaw meets Meta's chief AI scientist to discuss opportunities in artificial intelligence
Ashwini Vaishnaw, Minister of Information and Broadcasting, on Saturday, met chief AI Scientist of Meta, Yann LeCun to discuss opportunities in the area of artificial intelligence, the minister said in a post on social media X.
AI needs decade+ to reach human-like smarts, says pioneer
Yann LeCun, vice president and chief AI scientist at Meta told ET that the path to achieving AGI (artificial general intelligence) is through AI systems being conscious of the physical world, having persistent memory and being able to reason.
Nvidia offers to jointly develop chip with India
Nvidia has proposed developing a chip jointly with India as the company seeks to leverage India’s strong semiconductor design talent and tap this growing market, sources told ET. Jensen Huang, Nvidia CEO, made the proposal to Prime Minister Narendra Modi in the US earlier this year. Union minister Ashwini Vaishnaw confirmed the same to ET.
Civil servants need to keep themselves abreast with latest technological developments: PM Modi
Speaking about two AIs - Artificial Intelligence and "Aspirational India" PM Narendra Modi stressed the importance of balancing both.
Karnataka to create deep-tech innovation cluster in Bengaluru: IT-BT minister Kharge
Aiming to address the gaps in core deep-tech areas in the country, such as artificial intelligence and machine learning, robotics and automation, quantum computing, and biotechnology, the IT-BT minister emphasized that the acceleration India needs in deep tech will take place from Karnataka.
Google to buy power for AI needs from small modular nuclear reactor company Kairos
Alphabet's Google signs the first corporate deal to purchase 500 megawatts from Kairos Power’s small modular reactors by 2035, meeting AI-driven electricity demand. Kairos aims to bring the first SMR online by 2030, despite permitting and cost challenges.
Tech helps Singapore economy top forecasts in third quarter
Singapore's economy grew more than expected in the third quarter as a rush for all things linked to artificial intelligence drove up demand for computer chips, according to preliminary data Monday. Manufacturing, which includes computer chips, expanded 7.5 percent year-on-year, bouncing back from a 1.1 percent decline in the previous three months.
Google’s triumph on the Nobel stage resolves a 50-year-old mystery
AlphaFold 2, an AI model developed through Google’s DeepMind initiative, cracked the code for predicting complex protein structures from amino acid sequences. It resulted in the accurate prediction of nearly 200 million known proteins. AlphaFold has been used by over two million researchers globally, in areas such as antibiotic resistance and creating enzymes capable of breaking down plastics.
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