ARM
McLaren to partner with British Defence Ministry in its hypersonic missile development program
Car manufacturer McLaren has announced its collaboration agreement with the British Defence Ministry. The two sides will partner on the development of hypersonic missiles. McLaren will not actually develop any missile.
India-Russia ties: The optics of Modi with Putin when Nato meets in Washington
While Nato meets from July 9-11 in Washington to discuss Ukraine, Prime Minister Narendra Modi will visit Russia on July 8-9 to meet President Vladimir Putin. Nato’s primary focus will be on supporting Ukraine and potential membership, as emphasized by Secretary General Jens Stoltenberg. Indian Foreign Secretary Vinay Kwatra assures Modi's visit is pre-scheduled. This visit challenges Russia’s isolation narrative, reinforced by Hungary's recent support. Moscow-based expert Aleksei Zakharov underscores the significance of Russia's neutrality in India-China disputes. The trip addresses US concerns over India-Russia military-tech ties.
Future group's FMCG arm FCL defaults on payments of Rs 449.04 crore till June-end
Future Consumer Ltd (FCL), the FMCG arm of debt-laden Future Group, disclosed on Saturday that it defaulted on payments totaling Rs 449.04 crore as of June 2024. This includes Rs 284.81 crore towards bank loans and revolving facilities, and Rs 164.23 crore on borrowings through unlisted debt securities (NCDs and NCRPs). FCL also reported outstanding debt securities amounting to Rs 222.06 crore, with defaults of Rs 164.23 crore owed to non-convertible debenture holders since May 2022.
Form of war rapidly transforming, will have to be ready to accept change: CDS Chauhan
Chief of Defence Staff Gen Anil Chauhan addressed a gathering of Army personnel from 18 Grenadiers on the 25th anniversary of the battles of Tololing and Tiger Hill, highlighting the evolving nature of warfare due to technological advancements. Commemorating India's victory in the 1999 Kargil war, he emphasized the need for readiness to adapt to these changes. Gen Chauhan stressed on the importance of trust and professionalism, stating that future conflicts will require flexibility, innovation, and integration across military domains including cyber and space. He underscored the role of the armed forces in upholding national trust and security.
Matrix Partners India rebrands to Z47, China arm to MPC
The venture capital firm is known for backing the likes of mobility firm Ola, online payments company Razorpay and business-to-business commerce startup OfBusiness, among others. However, the firm said the operations in the US will continue under the name Matrix Partners.
Madras HC delivers shot in the arm for online pharmacies
In a shot in the arm for epharmacies, the Madras High Court overturned a previous ruling by a single-judge bench restricting online platforms like Tata 1mg, PharmEasy, Netmeds, and Practo from engaging in the digital trade of medicines.
SoftBank CEO Masayoshi Son talks up artificial super intelligence ambitions
"SoftBank Group has done many things until now that have all been a warm up for my great dream to realise artificial intelligence," Son told shareholders at the group's annual general meeting.
MediaTek designs Arm-based chip for Microsoft's AI laptops
Last month, Microsoft unveiled a new generation of laptops that feature chips designed with Arm Holdings tech, which provide enough horsepower to run the artificial intelligence applications that executives said were the future of consumer computing. The MediaTek chip is geared toward this effort.
Karnataka IT minister meets Arm Holdings executive at London Tech Week
Karnataka IT minister Priyank Kharge met with a top executive from semiconductor company Arm Holdings at London Tech Week to discuss the company's plans in the State. They talked about semiconductor manufacturing, the global startup ecosystem, and more.
Arm aims to capture 50% of PC market in five years, CEO says
Demand for use of Arm's technology in personal computers got a boost after Microsoft unveiled ambitious plans last month to launch a new breed of PCs with artificial intelligence features to compete with Alphabet and Apple.
Arm offers new designs, software for AI on smartphones
Arm Holdings unveiled new chip blueprints and software tools to enhance smartphones for AI tasks, aiming to accelerate adoption with changes in blueprint delivery.
Explainer: What's new in Copilot+ PC?
A new breed of PCs made for the AI era is set for launch on June 18.
Microsoft debuts 'Copilot+' PCs with AI features
At an event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what Microsoft calls "Copilot+" PCs, saying that it and a range of manufacturers would sell them, including Acer and Asustek Computer.
Microsoft to unveil AI devices and features ahead of developer conference
The Windows maker is expected to reveal a new version of its Surface Pro tablet and Surface Laptop that feature Qualcomm chips based on Arm Holdings' architecture.
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
Microsoft's clusters of Advanced Micro Devices' flagship MI300X AI chips will be sold through its Azure cloud computing service. They will give its customers an alternative to Nvidia's H100 family of powerful graphics processing units (GPUs) which dominate the data center chip market for AI but can be hard to obtain due to high demand.
SoftBank swings to Q4 profit of $2.1 billion
SoftBank Group reported a 328.9 billion yen net profit, despite Vision Fund's 57.5 billion yen loss. Improved from last year due to capital raised using Alibaba Group stake to offset Vision Fund writedowns.
Arm plans to launch AI chips in 2025: report
Arm Holdings to launch AI chips in 2025, with SoftBank's involvement. TSMC negotiations ongoing. Investors anticipate SoftBank's earnings report for growth investment clues amid a surge in AI computing interest.
SoftBank seen returning to loss in Q4 despite tech stock strength
SoftBank Group anticipates losses despite Arm Holdings' success, with potential new growth investments. The soaring Arm share price, driven by AI, doesn't directly impact SoftBank's profit. Other listed assets showed mixed performance, influencing SoftBank's financial outlook.
SoftBank sells off Vision Fund assets as Son pivots to AI, chips
SoftBank is shifting focus to AI and semiconductors, while its Vision Fund is selling stakes or writing down billions of dollars worth of its publicly-listed companies. SoftBank founder Masayoshi Son is looking to bankroll a $100-billion chip venture to compete with Nvidia for providing semiconductors to power the development of AI services.
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