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India and the US can fire up their civil nuclear agreement with a twist. The twist is American HALEU fuel powering India sourced small pressurized heavy water reactors (PHWR) for the global markets, said a top official of nuclear fuel company Clean Core Thorium Energy.
Tesla and SpaceX CEO Elon Musk has announced that his brain-computer interface company Neuralink has successfully achieved its first human implant, and the test subject is recovering well. Musk said that the company’s first product, called Telepathy, would bring control of a phone or computer just by thinking.
Samsung on Thursday opened pre-bookings for its latest ‘Made in India’ Galaxy S24 Ultra, Galaxy S24+ and Galaxy S24 smartphones in the country that are powered by industry-first artificial intelligence (AI) features. The sale of the new devices will begin from January 31. “With Galaxy S24 series, we are bringing the power of artificial intelligence into the hands of the Indian consumers who can create, play, connect and find a new way to live. I am happy to announce that the Galaxy S24 series will be manufactured at our Noida factory in India,” said JB Park, President and CEO of Samsung India.
Google CEO Sundar Pichai has reportedly warned employees to brace themselves for more job cuts this year. The Mountain View, California-based software giant has let go over a thousand employees across various departments in the last one week or so, and is likely to announce more job cuts, reports The Verge, citing an internal memo.
New information technology (IT) rules are expected to be notified next week, said India’s Union Minister Rajeev Chandrasekhar, amid rising cases of deepfake menace, with its latest victim being the cricketer Sachin Tendulkar.
Information technology giants Google and Meta have started the New Year with a fresh round of layoffs that will impact specific departments in their respective firms. Meta said it is laying off some technical programme managers (TPMs) at Instagram and reports said that at least 60 such jobs are either being consolidated or eliminated. Google announced it is laying off hundreds of hardware employees, especially in the augmented reality (AR) division while Fitbit co-founders James Park, Eric Friedman and other Fitbit leaders are reportedly leaving the company.
Former Indian-origin Twitter CEO Parag Agrawal has entered the artificial intelligence (AI) race, reportedly raising $30 million for his startup. Vinod Khosla’s VC firm led the funding for Parag Agrawal’s new AI company. Agrawal, who was sacked by Twitter (now called X) owner Elon Musk in late 2022, raised $30 million in funding for an AI startup, reports The Information. Vinod Khosla-led Khosla Ventures, an early backer of OpenAI, (the company that made ChatGPT) “led the funding in Agrawal’s company, which hasn’t been publicly disclosed,” the report noted.
Microsoft’s Indian-origin CEO Satya Nadella has been named CEO of the Year by media network CNN. “In 2023, the company’s (Microsoft) CEO Satya Nadella made a multi-billion dollar investment in AI, commercialized and added AI tools like ChatGPT into its suite of products before rivals, and stunned industry onlookers with his ability to handle a crisis quickly, calmly and thoughtfully,” wrote CNN in its analysis of Nadella’s performance this year.
The 29 member countries of the Global Partnership on Artificial Intelligence (GPAI) unanimously adopted the GPAI New Delhi Declaration to enable the alliance to shape the future of AI in terms of both innovation and creating collaborative AI between the partner nations. The countries agreed to create applications of AI in healthcare, agriculture, and many other sectors.
India’s Information Technology Ministry will issue advisories to social media intermediaries in the next two days on ensuring 100 per cent compliance on tackling deepfakes and spread of misinformation on their respective platforms, Minister of State for Electronics and IT (MEITY) Rajeev Chandrasekhar said on Tuesday.
Gen Z in India will lead the key trends on Instagram next year, from prioritising careers to being super on point with meme preferences, and exploring a variety of food flavours, the Meta-owned company said on Monday. In various realms, including food, beauty, and fashion trends, Indian Gen Z have shown a heightened inclination to embrace and explore emerging trends, according to the ‘2024 Instagram Trend Talk’ insights.
Taiwanese contract manufacturer Foxconn plans to invest $1.54 billion in India, as the country doubles down on local manufacturing. In a stock exchange filing, Foxconn said that the investment will help it fulfil “operational needs.” The company, however, did not provide further details. Foxconn is the main assembler of Apple iPhones and both companies are keen to move away from China and create alternative supply chains.
Indian American academic Arogyaswami Paulraj, Stanford University Professor Emeritus and Celesta Capital Advisor has been conferred with the 2023 Faraday Medal award in London by the Institution of Engineering and Technology (IET), that honors engineers and technologists from across the world.
President Joe Biden has honored two Indian American scientists — Subra Suresh and Ashok Gadgil — with National Medals for their pioneering contributions in the fields of science and technology innovation at a ceremony in White House. “We’re determined to return great science to America,” Biden said in remarks at the ceremony in the House’s East Room on Tuesday.
India’s Prime Minister Narendra Modi on Monday virtually interacted with Google and Alphabet CEO Sundar Pichai, where they discussed Google’s plan to participate in expanding the electronics manufacturing ecosystem in the country.
Microsoft-owned LinkedIn on Monday announced that it will cut 668 jobs across the company’s engineering, product, talent and finance teams. “The changes we shared with our team today will result in a reduction of approximately 668 roles across our engineering, product, talent and finance teams,” LinkedIn said in a blogpost.
Online community for developers Stack Overflow led by Indian American CEO Prasanth Chandrasekar announced on Monday that it will lay off 28 per cent of its staff (over 100 employees) as it struggles towards profitability amid the AI coding boom. Chandrasekar said the company is “significantly reducing the size of our go-to-market organization” and “supporting teams and other teams across the organization are impacted as well”.
Indian-origin computer scientist Abhay Bhushan, the author of the File Transfer Protocol (FTP) who played a significant role in the development of the Internet by pioneering early architecture models that influenced Transmission Control Protocol/Internet Protocol (TCP/IP) and early e-mail standards, has been selected for the 2023 Internet Hall of Fame.
Continuing a slew of meetings to attract investment from the United States, Karnataka Large and Medium Industries and Infrastructure Development Minister M.B. Patil held discussions with American chip manufacturer Applied Materials regarding setting up of a Center of Excellence for innovation and an R&D lab at Whitefield in Bengaluru, an official statement said on Thursday.
India is now the second-biggest manufacturing hub for mobile phones due to heavy investment from original equipment manufacturers, original design manufacturers and companies dealing in components and parts, a new report showed on Tuesday. India is expected to export about 22 per cent of its total assembled mobile phones in 2023, according to Counterpoint Research.
Saeed Amidi, founder of Plug and Play, an accelerator platform in Silicon Valley, is also an angel investor and a successful entrepreneur. He was an opening Keynote speaker at CATEALYZE 2023, organized by American Tamil Entrepreneurs’ Association (ATEA). He shared his inspiring journey with the Indian American engineers, venture capitalists, and startup founders on how, and what took him from being a spoilt youngster to a Silicon Valley icon.
Following a year of record-breaking inflation and market turbulence, local tech salaries in the US, including those for fully in-person or hybrid roles, have experienced their most significant year-over-year decline, dropping 3 per cent from $161,000 to $156,000, a new report has revealed.
Cloud major Oracle has announced new capabilities that combine the power of generative AI and voice to help providers focus more on patient engagement, building trust, and improving healthcare.
Governor Gavin Newsom signed an executive order to study the development, use, and risks of artificial intelligence (AI) technology throughout California and to develop a deliberate and responsible process for the evaluation and deployment of AI within the state government.
In another push to its India manufacturing dream, Apple maker Foxconn is all geared to start the local production of the next-generation of iPhone 15 at its Sriperumbudur facility in Tamil Nadu faster than ever, as the company doubles down on the ‘Make in India’ initiative.
