DATA REVOLUTION
Amazon counts on 'grit and innovation' to meet AI surge
The AI revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT. To satisfy their generative AI urge, firms need to secure state-of-the-art software and ramp up computing power, which quickly brings them knocking on the doors of the globe's cloud computing giants, of which Amazon's AWS is the biggest.
India must lead AI revolution, not just participate, says G20 Sherpa Amitabh Kant
Amitabh Kant emphasizes India's potential to lead the AI revolution globally, highlighting the country's active engagement in AI projects. He stresses the importance of AI integration in various sectors like healthcare and logistics to drive innovation and competitiveness.
AI companies train language models on YouTube's archive − making private videos a privacy risk
Exploring the intricate nexus of big tech self-regulation, privacy concerns, and legal safeguards in AI development underscores the imperative for ethical AI model training and deployment.
India will require an additional data centre capacity of 1.7-3.6 Gigawatt: Report
India is poised to become a global data center hub due to its low construction, land, and power costs. With a robust IT ecosystem, the country’s data center capacity is projected to reach 3.29 GW by 2028. However, an additional 1.7–3.6 GW will be required to meet rising demand.
AI's hunger for power can be tamed
Tech firms investing in AI must prioritize energy-efficient algorithms to combat environmental impact and rising power consumption, shifting away from current energy-intensive models towards more sustainable practices.
India fossil fuel consumption up 8% in 2023
The report suggests that five key stories emerge from the 2023 data, starting with record global energy consumption, with coal and oil pushing fossil fuels and their emissions to record levels. "Global primary energy consumption overall was at a record absolute high, up 2 per cent on the previous year to 620 Exajoules (EJ). Global fossil fuel consumption reached a record high, up 1.5 per cent to 505 EJ (driven by coal up 1.6 per cent, oil up 2 per cent to above 100 million barrels for first time, while gas was flat)," said the report.
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Adani Group to invest $100 billion in energy transition, says Gautam Adani
Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing the industry as well as transportation. Speaking at 'Infrastructure - the Catalyst for India's Future' event of Crisil, Adani Group chairman Gautam Adani said energy transition and digital infrastructure are trillion-dollar opportunities which will transform India both at a local and at a global scale.
Nvidia CEO announces next-gen Rubin AI platform for 2026
The company - now best known for its artificial intelligence data center systems - also introduced new tools and software models on the eve of the Computex trade show in Taiwan. Nvidia sees the rise of generative AI as a new industrial revolution and expects to play a major role, the CEO said in a keynote address at National Taiwan University.
The unexpected boon for the otherwise boring industrial products from AI boom
Stocks in the utility space are no longer the sedate ones that are reserved for defensive investors seeking steady returns. They have now caught the fancy of momentum investors and traders. With the successful spinning of the AI story to the power and industrial stocks, they have become the most trending ones that are vying for the top spot, albeit behind tech stocks.
In your odyssey to happy redundancy, can you hear the AI sirens sing?
Everyone and their uncle’s going bananas over how AI will make everything better, effortless, abundant – but watch out for the rocks of declining individual creativity, critical reasoning, and ingenuity
View: Gotta get ready for the AI-ternative
The integration of AI, nano robotics, space tech, and battery tech is transforming industries and reshaping economic models. As digital workers replace human roles in areas like call centers and logistics, governments must address potential job losses. Suggested measures include reskilling programs, focusing on labor-intensive industries, and implementing universal basic income (UBI) to support displaced workers. This proactive approach will help manage the transition and harness the benefits of these groundbreaking technologies.
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
US intelligence agencies' embrace of generative AI is at once wary and urgent
A Silicon Valley firm used generative AI in the Sable Spear operation to analyze Chinese fentanyl trafficking data, surpassing human analysis. It predicted Russia's invasion of Ukraine and alerted government customers to North Korean missile launches. U.S. intelligence agencies are exploring AI for geospatial intel and assessing AI missions.
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Nvidia's profit soars, underscoring its dominance in chips for artificial intelligence
Nvidia's profit soared, driven by AI dominance and CEO Jensen Huang's vision of 'AI factories' creating artificial intelligence. The company reported a sevenfold increase in net income and a 10-for-1 stock split, with shares rising 6% in after-hours trading.
View: Iran’s President Raisi, who died in chopper crash, was a failure
Iran president Helicopter Crash: Since the early 1980s, Iranian presidents have reflected the supreme leader's needs. Ebrahim Raisi, close to Ayatollah Khamenei, aimed to restore faith in the Islamic Revolution but failed. His crackdown on female dress codes sparked protests, revealing his lack of popularity. Raisi's death has now opened up new possibilities for succession.
Meet Seera: Saudi Arabia's all-women psychedelic rock band that is challenging conservatism with music
Seera, an all-women psychedelic rock band in Saudi Arabia, is breaking cultural barriers and redefining artistic expression in a traditionally conservative society. Led by vocalist Nora, their recent performance in Riyadh symbolized a significant shift in Saudi Arabia's cultural landscape. Fusing traditional Arabic melodies with modern psychedelia, Seera's music reflects newfound freedoms for women. Their journey mirrors the country's evolving attitudes, inspired by reforms under King Salman and Crown Prince Mohammed bin Salman.
A beacon of innovation: How Unilever’s Dubai factory became a global ‘Lighthouse’ in manufacturing
Unilever’s Dubai Personal Care Factory (DPC) is in many ways setting the standard in technological innovation and sustainability, positioning itself as a pioneer in shaping the future of manufacturing.
India ranks first in adoption of GenAI across Asia Pacific: Deloitte survey
The report, titled ‘Generative AI in Asia Pacific’, said 93% of students and 83% of employees in the country are actively engaging with GenAI.
How AI and data can bring another green revolution in India
India faces environmental challenges in agriculture, but AI offers transformative solutions. Precision farming, empowered by AI and big data, optimizes resources and boosts yields sustainably. With satellite data and predictive analytics, farmers make informed decisions. AI aids resource management and environmental conservation, but widespread adoption requires collaboration. Farmers' active engagement with data transforms them from beneficiaries to contributors, ensuring a sustainable agricultural future driven by technology.
AI boom set to fuel data centre deals in Asia this year
The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.
Indian gig workers toil at frontlines of AI revolution
Akash and Ikshita engage in online work. Gig workers in India train AI models through microtasks. India emerges as a data annotation hub with a potential $8.22 billion global market and a million-strong workforce by 2028.
View: In today’s tech-driven landscape, we need new economic thinking on equity and sustainability
In a hyper-connected world, income inequality, debt burdens, and social disparities persist. Urgent innovative strategies are essential to address widening gaps and shift the focus to stakeholder value for human development, Sam Pitroda writes.
Walmart's tiny tag revolution is promising a productivity boost
Walmart Inc. was the bully that forced its suppliers to tag all items, from clothing to electronics to food. The idea was to improve control over inventory by extending visibility to the product level from the previous case or pallet level.
Iran warned Israel a day before attack: Missiles' target locked, 'we have fingers on the trigger'
US media reported Israel's retaliatory strikes against Iran. Teheran had launched missiles and drones at Israel, many intercepted. Iran ready to defend nuclear sites and has identified Israel's facilities, a senior military commander said.
Can India's quick commerce revolution be a catalyst for job creation?
Q-commerce in India, led by major players like BlinkIt, Swiggy Instamart, and Zepto, is reshaping the retail landscape. The sector's rapid expansion offers significant job opportunities, especially in logistics, warehousing, and technology-driven roles, promising continued growth.
How GoI, regulators and fintech firms can unlock the full potential of India's digital financial revolution
This surge in fintech adoption has positioned India as a global fintech frontrunner. Its innovative solutions attract global investors, and position the country as a trailblazer in establishing a robust digital public infrastructure (DPI) ecosystem, a pivotal factor in enhancing financial inclusion. The dynamic DPI framework, strengthened by fintech advancements, is projected to inject a windfall of $400 bn into the economy in seven years.
Modi-Gates discuss digital revolution, AI and their use in welfare of commoners
Prime Minister Modi and Gates engaged in a free-wheeling chat lasting over 45 minutes where they shared their views on issues ranging from AI and global warming to data security and protection against Deep Fake.
India’s IT will be the ‘front-office’ of world’s AI revolution: Nvidia's Jensen Huang
Nvidia CEO Jensen Huang said that his conversations with Prime Minister Narendra Modi highlight India’s need to become a part of AI value addition rather than just exporting India’s data to train super-sized large language models.
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