Innovations Financial News
22.11 / 09:39
UPS
Google
Apple
Browser
Justice
innovations
Department
Google may have to sell Chrome. Why the impact could be ‘seismic’
Google must sell Chrome, its flagship browser, to break what officials say amounts to a monopoly on online searches. Experts say the sale of a browser used by millions could have far-reaching impacts on the way people use the internet, and even help reshape what browsers of the future might look like.The measures presented by the Department of Justice are part of a landmark case in Washington which has the potential to reshape how users find information.The proposed measures would be in place for up to a decade, enforced via a court-appointed committee to remedy what the judge overseeing the case deemed an illegal monopoly in search and related advertising in the U.S., where Google processes 90 per cent of searches.Carmi Levy, a technology analyst, said if Google is forced to sell Chrome, the implications could be “seismic” and lead to uncertainty.“This could be the industry’s next Y2K if it comes to pass because so many workflows, so many apps, so many services rely on Chrome as a foundation.
22.11 / 04:17
markets
UPS
Citi
Manufacturing
BlackBerry
love
innovations
Men in suits: Nikhil Nitin Mohan of Blackberrys Menswear
Subscribe to enjoy similar stories. It’s a delicate dance being brothers and running a multi-crore business together. Talking to Gurugram-based brothers Nikhil and Nitin Mohan, co-founders of Indian menswear brand Blackberrys Menswear, will leave you with the impression that they’ve worked out how to accomplish this quite adeptly.
22.11 / 02:43
UPS
Digital
Progressive
Analysis
economy
show
innovations
How to regulate AI without stifling innovation
Subscribe to enjoy similar stories. The biggest challenge with artificial intelligence is that we don’t have enough yet. Regulation should aim to help solve this problem.
22.11 / 00:39
markets
Strategy
wellness
AMD
Experts
country
innovations
Every AMD product goes via India team: Lisa Su
Lisa Su, chair, and chief executive officer (CEO) of Advanced Micro Devices (AMD)--credited with reversing the fortunes of the American chipmaker—is now taking the fight to industry leaders like Nvidia. In an interview with ET Su said that the $ 22.7 billion firm whose market cap has soared to $223 billion, is also building two supercomputers in India. It could also enhance investments in the country beyond the $ 400 million announced last year, said the 55-year-old executive. Edited excerpts: AMD has completed 20 years in India, what role do you see the country playing in the era of AI?
22.11 / 00:39
markets
security
Strategy
wellness
Experts
PAM
innovations
European AI companies grapple with rigid Rules, funds
AI regulations. Stringent regulations such as the proposed EU Artificial Intelligence Act could potentially undermine the global competitiveness of European AI startups, likely pushing more companies to shift to place like the United States —a seismic blow to Europe’s tech ecosystem, ET has learnt after speaking with multiple industry executives, global founders, and investors at the Slush 2024 event in Helsinki. “The reality is that the regulations here are far removed from the reality of how businesses operate,” said Andreas Klinger, founder of Prototype Capital, an early-stage solo general partner fund based in Berlin. “If we look at the high-risk aspects, everyone will agree, but things get muddier very quickly. I invest in artificial intelligence startups, so I have a good sense of what is likely to happen.”
22.11 / 00:39
markets
Digital
security
Strategy
Experts
PAM
innovations
Demand for prompt engineers stalling as companies seek broader skill sets
generative AI came into the spotlight – is stabilising. Staffing experts are noticing a plateauing in the need for specialist prompt engineers, with businesses seeking AI engineers with a broader skill set as techniques like retrieval augment generation or grounding, fine-tuning, and continual pre-training are seeing increasing innovation and relevance, and tools to automate prompt optimisation are emerging. Prompt engineers are people who optimise prompts to ensure accurate and desirable output from Gen AI models. “Prompt engineering and demand for prompt engineers is by scope and nature highly seasonal and short-termed,” said Krishna Gautam, business head — direct hiring — at specialist staffing firm Xpheno. “The role's eventual output is to enhance the intuitive capabilities of the AI, including the ability to autonomously frame, test and calibrate prompts. Given this specific nature of the stack, prompt engineering will eventually phase out itself from being a significant part of the AI capacity matrix of enterprises.”
21.11 / 18:33
markets
COST
Provident
security
innovations
reports
Interviews
Terence Corcoran: Canada Post versus the union — Is this the last strike?
With each passing year Canada Post sinks deeper into irrelevance, its 19th-century monopoly model eroding and overtaken by the miraculous forces of innovation and market competition. There was a time when management and the unions could parlay their way through ritual confrontations unphased by competitive risks.
21.11 / 14:21
UPS
Waters
students
country
innovations
rights
International
At UN climate talks, "sewage" beer from Singapore highlights water scarcity and innovations
The Singapore pavilion at the United Nations climate talks offers attendees free beer with an ingredient that's surprising to many — treated wastewater
21.11 / 14:21
Google
Research
Universities
country
innovations
reports
prevention
US ahead in AI innovation, easily surpassing China in Stanford's new ranking
The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index
21.11 / 12:59
markets
UPS
Digital
Research
students
innovations
SINE, IIT Bombay to scale up the number of startups it supports four-fold to 1,000 over the next 10 years
business incubator of Indian Institute of Technology Bombay (IIT Bombay), plans to scale up the number of startups it supports over four-fold to 1,000 over the next 10 years, the institute said in a statement on Thursday. To give further impetus to its 4X scale up plan over the next decade, SINE plans to launch a Rs 100 crore Venture Capital (VC) fund to support deep tech start-ups and those in areas of national importance. Post finalisation and receipt of regulatory approvals, SINE aims to approach IIT Bombay alumni to raise subscriptions for the proposed fund. The fund will focus on science, biotech, space, defence, and other national priority sectors to drive innovation. “To have a scale impact, India needs to go from 100 startups per million population to 1,000. By leading the way, SINE hopes to emerge as an innovation and entrepreneurship powerhouse focussed on democratising entrepreneurship and providing quality access to coaching, capital and connects to customers and the ecosystem,” said Shaji Varghese, CEO, SINE.
20.11 / 23:33
markets
UPS
Citi
Parke
innovations
Department
Mint Primer: Why Karnataka is placing its bets on a GCC gold rush
Subscribe to enjoy similar stories. GCCs are offshore units set up by multinational companies to take on key technology-driven tasks. GCCs include tech operation centres run by companies headquartered abroad, driven by India’s tech talent and cheap real estate.
20.11 / 19:21
UPS
wellness
Photos
fun
innovations
recommendations
rights
These holiday gifts change the game when building fires, printing photos, watching birds and more
Finding the perfect gift can be daunting
20.11 / 16:17
COST
Apple
trends
innovations
reports
Features
Thinnest iPhone ever? Apple’s iPhone 17 Slim tipped to measure just 6mm
iPhone 17 Slim is expected to measure a mere 6mm in thickness. This would make it the thinnest iPhone to date, shaving nearly 0.9mm off the already slender 6.9mm iPhone 6.
20.11 / 16:11
UPS
Pool
awards
WhatsApp
Research
innovations
Rs 1 lakh cr R&D fund for pvt sector to be operational in next couple of months: Secy Ajay Seth
Asked when the fund would be made operational before February 1, 2025, Seth said, «In the next couple of months». Seth said R&D investment by the private sector has not picked up despite giving tax exemption for R&D and hence the government has decided to be a partner in R&D and nudge the private sector to take the risk.
20.11 / 14:17
Maxim
trends
Experts
innovations
Features
diving
bowling
Best electric citrus juicers for fresh, quick, and efficient juice extraction
This selection highlights the best options for both casual juice drinkers and dedicated home chefs, emphasizing features like ease of use, cleanup, and juice quality. Dive in to find the ideal juicer that meets your needs and adds a splash of citrus to your daily routine.
20.11 / 10:25
markets
Digital
Platform
security
innovations
Schools
Features
Microsoft Ignite 2024: AI, cloud, and more in Satya Nadella’s keynote
Microsoft Ignite 2024, the annual conference hosted by the Redmond-based tech giant for developers and IT professionals, kicked off with a showcase of advancements in artificial intelligence (AI), productivity apps, cloud innovations and other tools. This year’s event emphasises how businesses and individuals can benefit from Microsoft’s AI and cloud technologies to drive efficiency and innovation. Following a strong focus on AI at Ignite 2023, this year’s edition continues in a similar vein. At Ignite 2024, Microsoft unveiled 80 new features and products aimed at improving workplace efficiency. Here are the key highlights: AI-driven application evolution
20.11 / 05:55
markets
Strategy
Pool
awards
wellness
innovations
India uniquely positioned to capture 35-50% of global CIH market: BCG
innovation hubs (CIHs) have an expanded portfolio of services today and India has an opportunity to capture a big share of this market, says Boston Consulting Group. CIHs are centres that provide access to high quality talent and advanced technology to help businesses grow by playing a prominent leadership role in formulating and driving business priorities across the enterprise. In its latest white paper, BCG says CIHs’ portfolio today includes front-end customer facing business operations and capabilities in emerging technology. Sreyssha George, Managing Director & Partner at BCG, says that global CIH spend is currently estimated at $265-290 billion and is expected to grow to $390-420 billion by 2027 (10% CAGR). “India is uniquely positioned to capture a 35-50% market, given its rich and scaled talent pool. Also, these hubs will bring significant innovation and talent upskilling to the Indian ecosystem,” she states.
19.11 / 19:09
Provident
Digital
Platform
security
Deloitte
innovations
International
Deloitte India partners with Securiti to enhance data privacy and compliance solutions
Deloitte India’s domain expertise with Securiti’s technology platforms to deliver tailored, end-to-end security solutions for businesses navigating increasingly complex regulatory requirements.The partnership aims to support organisations in automating privacy operations, improving Data Security Posture Management (DSPM), and enhancing compliance frameworks. This comes in the context of regulatory developments such as India’s Digital Personal Data Protection Act (DPDPA), which emphasises data protection, consent, and transparency.
19.11 / 13:33
markets
Provident
Digital
Platform
security
Experts
innovations
LTIMindtree extends deal with Europe's Nexi Group by over 2 years
LTIMindtree, India’s sixth largest IT services company, has secured an extension of a key contract from European payment solutions provider Nexi Group, the Mumbai-based firm said on Tuesday. As a part of the partnership, LTIMindtree will leverage its technical expertise and solutions to optimise Italy-based Nexi's core platforms, aiming to enhance performance, innovation and scalability, LTIMindtree said in a statement. LTIMindtree will also manage Nexi's hybrid infrastructure, enabling a seamless integration of on-premise and cloud-based solutions, while supporting the company’s digital transformation efforts, the company said.
19.11 / 09:05
UPS
CEO
Sustainability
awards
country
innovations
AMPIN Energy Transition, CIP collaborate for $300 mn investment in India
AMPIN Energy Transition on Tuesday said it has partnered with Copenhagen Infrastructure Partners (CIP) for joint equity investment of USD 300 million to set up renewable energy projects across India. The new collaboration follows the existing partnership that AMPIN and CIP entered in 2021 to enable joint equity investments of initially USD 200 million in renewable energy projects in India, a company statement said. «This new partnership along with the existing one is creating a USD 2.7 to 3 billion renewable energy asset base in India,» it said. Pinaki Bhattacharyya, Founder, MD and CEO of AMPIN Energy Transition said, «This deepened partnership not only strengthens our ability to expand our impact and accelerating India's renewable energy transition but it also reinforces our shared commitment to driving innovation and sustainable value creation.»
19.11 / 07:45
markets
Digital
security
Election
Trade
country
innovations
Indian economic offenders discussed in first Modi-Starmer meet, followed by talks on UK-India free trade agreement
Narendra Modi and UK Prime Minister Keir Starmer held their first bilateral talks on Monday at the G20 Summit in Rio de Janeiro, Brazil. The two agreed to strengthening the UK-India ties, with a focus on areas such as technology, green energy, security, and innovation. An important topic that was raised during the talks was the issue of Indian economic offenders residing in the UK, which the Prime Ministers acknowledged as a concern.
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