A pullback in AI-related stocks globally and better-than-expected results from India’s software giants helped the Nifty IT index emerge as the best-performing sectoral index of the week, reviving investor confidence in the battered sector. The IT gauge rallied nearly 12% during the week, recording its…
Category: Tech
Microsoft’s Brad Smith warns Green Card curbs could hurt US AI competitiveness – CNBC TV18
Microsoft president Brad Smith has warned that restrictions on green card sponsorship for technology companies could weaken the United States’ ability to attract skilled workers and affect its competitiveness in artificial intelligence (AI). Speaking in an exclusive interview with Decoded by Politico, Smith rejected allegations…
Starlink restrictions disrupt Ukrainian troops’ battlefield communications as internet speeds plunge – CNBC TV18
For one artillery unit fighting in eastern Ukraine, the US decision this week to reduce services provided by satellite company Starlink to the military had an immediate impact. Communications with headquarters were interrupted and internet speeds dropped, posing risks in a war where drones present…
AI agents accessed Indian systems without permission, raising cybersecurity concerns – CNBC TV18
Autonomous artificial intelligence (AI) agents accessed systems belonging to Indian organisations without authorisation, raising concerns about cybersecurity weaknesses and the lack of clear accountability when AI systems exceed their assigned permissions. Speaking to CNBC-TV18, Rajesh Chhabra, General Manager of India & Asia at Acronis, said…
Priced at ₹3 lakh and sold out! iPhone Duo pick-up slots vanish on day one in India – CNBC TV18
Apple’s foldable debut has had a very strong start in India. On the first day of pre-bookings, every store pick-up slot across the company’s six Indian retail stores was sold out. That’s for a phone that starts at ₹2,99,900, which makes it one of the…
Figma CEO Dylan Field on why design matters as AI makes coding easier – CNBC TV18
Artificial intelligence is making software easier to build, but Figma CEO Dylan Field believes the ability to stand out will increasingly depend on design. The company is expanding beyond collaborative design into AI-powered coding and app creation, aiming to bring the process from an initial…
Central bankers eye higher rates as AI boom fuels scramble for cash – CNBC TV18
The artificial intelligence boom is setting off a global race for money, forcing central bankers to contemplate a future in which interest rates stay higher and governments need to tighten their belts after an era of largesse. From silicon chips and data centres to power…
Who is Uday Ruddarraju: OpenAI’s CTO leading its data centre and computing operations – CNBC TV18
OpenAI has appointed Uday Ruddarraju, a former executive at Elon Musk’s AI company xAI, to lead its computing and infrastructure businesses. The move comes as the ChatGPT maker steps up investment in data centres capacity needed to develop and run advanced AI models. The Indian…
IT stocks could hit new all-time highs in 6–12 months, says Sandip Agarwal – CNBC TV18
Indian IT stocks could climb to new all-time highs over the next six to 12 months as the impact of AI-led deflation eases and earnings growth improves, according to Sandip Agarwal, Fund Manager at Sowilo Investment Managers, which manages assets worth over $25 million. “We…
Q2 Results Live Updates: Tech Mahindra shares rise 5%; Federal Bank, PNB, LTM report today
Tech Mahindra shares are up nearly 5% on Q2 results beating estimates HDFC Life shares are down nearly 3% as Q2 results come in below estimates. Persistent Systems shares are down 4% post Q2 results. Buy, Target Price Rs 1800 2Q results slightly better than…