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Birlasoft share: Following weakness in IT stocks after weak Q1 results 2023 by leading Indian IT companies — Infosys, TCS, Wipro and HCL Tech — Birlasoft shares witnessed huge sell off pressure during early morning deals on Monday. However, Birlasoft share price bounced back strongly from intraday lows after announcement of IT company collaborating with Microsoft to establish generative AI centre of excellence, driving value creation and innovation.

SYDNEY (Reuters) — A look at the day ahead in European and global markets from Stella Qiu

US Federal Reserve and European Central Bank later this week and possibly the end of the tightening cycle in both. Investors will also focus on a slew of corporate earnings this week, including that of Alphabet, Meta, Intel, Microsoft, GE, AT&T, Boeing, Coca Cola, Ford, among others, in the US. In Asia, Japan’s manufacturing activity extended declines in July, as the au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell to 49.4 in July from 49.8 in June.

Investing.com — U.S. stock futures were trading in a mixed fashion during Sunday's evening deals, following a similarly mixed week amongst major benchmark averages as market participants processed a slew of quarterly earnings results from major companies.

US stocks are approaching a record high and the outlook for Corporate America is only expected to brighten. Now investors are waiting to see if the Federal Reserve derails the market's bull run. Amid signs that inflation pressures are finally ebbing, setting up what has historically been a bullish stretch, the S&P 500 Index is a mere 5.4% below its all-time peak.

The Telecom Regulatory Authority of India’s (Trai) recommendation to set up an independent statutory Artificial Intelligence and Data Authority of India, a body that will act as a regulator and advisor for all AI-related sectors, is a welcome step. First, it acknowledges that AI’s impact is being felt not just in telecom, but across sectors like banking, financial services, healthcare, transportation, education and agriculture, to name a few, which calls for a ‘holistic’ regulatory approach. Second, Trai’s 141-page report underscores the connectedness of technologies like 5G and the internet of things (IoT) with AI, which explains why policies can no longer deal with these in silos.

By Louis Juricic and Sarina Isaacs

That was evident Thursday, when the technology-heavy Nasdaq 100 Index dropped by the most in five months as disappointing earnings reports from Netflix Inc. and Tesla Inc. dampened the outlook for the sector.

6 GHz spectrum band, which offers 5G-like internet speeds upto 10 Gbps. On one side are global tech biggies such as Google, Meta, Amazon, Microsoft, Cisco, Qualcomm, Intel and Netflix.

In a landmark agreement announced on July 11, 2023, KPMG and Microsoft have pledged to reshape the landscape of professional services by placing Artificial Intelligence (AI) at the forefront of their operations. This significant expansion of their global relationship aims to modernize the workforce, ensure safe and secure development, and broaden the use of AI solutions across industries and society.

artificial intelligence and make sure that it is used responsibly, Dr Arati Prabhakar, the Science Advisor to President Joe Biden, has said. Her remarks on Friday came as the Biden administration roped in several IT giants like Google and Microsoft to manage the risks of the new AI tools even as they compete over the potential of artificial intelligence (AI). “The work that we are doing includes working with companies to hold them accountable and there's some important progress on that today," Indian-American engineer Prabhakar told PTI in an interview.

Elon Musk recently announced his latest startup, xAI, will be focused on artificial intelligence. According to the company’s website, the goal of xAI is to “understand the true nature of the universe.” The xAI team will be led by Musk and others who have previously worked with OpenAI, DeepMind, Google Research, Microsoft Research, and Tesla. 

White House announced Friday, pledging to manage the risks of the new tools even as they compete over the potential of artificial intelligence. The seven companies — Amazon, Anthropic, Google, Inflection, Meta, Microsoft and OpenAI — formally announced their commitment to new standards in the areas of safety, security and trust at a meeting with President Joe Biden at the White House on Friday afternoon. «We must be cleareyed and vigilant about the threats emerging from emerging technologies that can pose — don't have to but can pose — to our democracy and our values,» Biden said in brief remarks from the Roosevelt Room at the White House.

AI safety commitments by seven technology companies Friday. But a closer look at the activity raises questions about how meaningful the actions are in setting policies around the rapidly evolving technology. The answer is that it is not very meaningful yet.

Joe Biden, Arati Prabhakar on Friday said that the United States and like-minded countries including India need to work together for shaping the course of artificial intelligence.  This came after the US administration roped in several IT giants like Google and Microsoft to ensure that it is not misused and is being used for the public good.  Speaking to PTI, Indian-American Prabhakar said, “The work that we are doing includes working with companies to hold them accountable and there's some important progress on that today." "We're also working on executive actions that we can take within existing law, and the President is considering an executive order that we think can really boost our ability to deal with AI's harms and also start using it for good," she said.  She further stated, “That's what we can do from the executive branch. We'll also continue to work with Congress on bipartisan legislation as they start putting legislation forward.

Microsoft's Activision Blizzard deal is back in the hands of Britain's antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the U.S. software giant's takeover were published. The Competition and Markets Authority (CMA) set out on Friday Microsoft's arguments for the reconsideration, as the U.S.

President Joe Biden is praising new commitments by Amazon, Google, Meta, Microsoft and other companies that are leading the development of artificial intelligence technology to meet a set of AI safeguards brokered by his White House as an important ste...

OpenAI, Alphabet and Meta Platforms have made voluntary commitments to the White House to implement measures such as watermarking AI-generated content to help make the technology safer, President Joe Biden announced on Friday. «These commitments are a promising step but we have a lot more work to do together,» Biden said.

LONDON (Reuters) — Britain's Competition Appeal Tribunal granted the adjournment application which was requested jointly by the antitrust regulator, the CMA, and Microsoft (NASDAQ:MSFT), as part of the latter's plan to try to buy Activision Blizzard (NASDAQ:ATVI).

By David Shepardson and Doina Chiacu

Wall Street’s second-quarter earnings season shifts into high gear next week with some of the biggest names in the market set to release financial results. With the S&P 500 and Nasdaq Composite hovering near their best level in 15 months, most of the focus will once again be on the ‘Big 5’ group of mega-cap companies.