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VIEW: Cues on the critical need to support India’s solar and renewable energy industry
NDA 3.0 aims to revitalize India’s economy with a focus on clean energy in the 2024-25 budget. Priorities include policy continuity, fiscal incentives, and significant investments in renewable technologies, particularly solar. By allocating 5-10% of GDP to clean energy, India can foster economic growth, employment, and global leadership in renewable energy.
Wage hikes-demand slowdown combo weighs on TCS first quarter net profit
TCS reported a 3.16% net profit drop to ₹12,040 crore in June due to wage hikes and macroeconomic uncertainties. Revenue increased to ₹62,613 crore, driven by a ₹15,000 crore BSNL deal. CEO Krithivasan noted geopolitical issues. AI, Cloud, IoT grew; $8.3 billion deal pipeline. Added 5,452 employees; 24.7% margin. GenAI pipeline at $1.5 billion; India business jumped 61.8%.
Ghosts in the machine: Peril of hallucinations in GenAI chatbots
Hallucinations are a big issue while deploying GenAI-based chatbots. Hallucination is a phenomenon where an AI chatbot offers factually incorrect information in response to a question. How are firms navigating its pitfalls?
Rise of Telegram-friendly chain spurs talk of crypto super app
The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.
Artificial Intelligent slaves
The word robot is traced to the Slavic word for forced labourers i.e., slaves. Slaves have existed in all parts of the world. Names have been different. Techniques to enslave been different. Some used threats of violence. Some told stories - God told you to follow the occupation of your father, nothing else, was the story told in Hindu scriptures. The gods created slavery for their own pleasure, said Mesopotamian mythology. Women have to serve women, said Biblical myths.
Nvidia has rubbed off on India, and that is a warning
Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.
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S&P 500, Nasdaq hit record highs on AI momentum, Dow edges up after weak retail sales
The S&P 500 and Nasdaq hit record highs fueled by Nvidia's surge, overtaking Microsoft as the most valuable company. Chip stocks, including Qualcomm and Micron, rallied, boosting the Philadelphia SE Semiconductor index to a new peak.
Vivo set to open ₹3,000-cr India facility in July
Chinese smartphone maker Vivo is set to inaugurate one of India's largest mobile phone manufacturing facilities next month, with an annual capacity of 120 million devices. The facility is being set up with an investment of over ₹3,000 crore.
Good time to take some money off the table; wait for next major event: Sanjiv Bhasin
Grasim seems very sweet over there. Our top pick continue to be some of the insurance companies, HDFC Life had a smart comeback. I think that there is a block deal in Mphasis, do not miss out on that because I think Mphasis as a stock on the barometer of a midcap can be an outperformer from here, I would say something closer to 3000.
Chinese smartphone brands drive AI proliferation in 2024, led by Oppo
The second half of 2024 will see a surge in generative AI use in smartphones, spearheaded by Chinese brands like Oppo, Nothing, and Vivo. Analysts predict more AI features in lower-priced models, expanding beyond premium flagships. Oppo leads with over 100 AI capabilities and 5,399 AI patents. With AI phones projected to make up 11% of the global market, the segment will see significant growth, particularly in sub-$1000 models, driven by aggressive innovation from Chinese manufacturers.
Nothing matters more, long runaway of sectoral growth and strong balance sheet: 5 largecap stocks with upside potential of upto 41%
In the next few days the street is bound to see more political speculation and analysis. Right from who has been allocated which portfolio and many others. In such times, the best thing to remember is that political development keeps happening at regular intervals and investing principles have endured many situations including political headwinds. If you are really a long term investor, then develop the ability to ignore the political news and analysis, which half the time goes wrong and just focus on what business you either own or will own after you buy the stocks and are the long term growth prospects of that business are good or not. If the stocks fits on that parameters, then all volatility, panic phases are opportunities for investing in such stocks.
Carbon removal needs to quadruple to meet climate goals, researchers say
New policies are required to drive up demand for CDR, the authors said, with funding for new technologies falling since 2020. The $856 million invested in new startups last year accounted for around 1% of total climate tech spending.
Unlisted shares offer terrific returns, but also carry very high risks; should you invest?
In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial advisers say retail investors should not dabble in unlisted shares for the simple reason that the risk they entail is not worth the rewards they offer.
Google rolls back AI search feature after flubs and flaws
The disappearance of AI Overviews for some of the searches appeared to be part of a broader rollback after the new technology produced a litany of untruths and errors -- including recommending glue as part of a pizza recipe and suggesting that people ingest rocks for nutrients. Users loudly complained on social media about the mistakes, in many cases outright making fun of Google.
Online banking, a lengthier long-distance relationship
The banks (and other companies) were getting you to do their jobs for them and charging you for this, in both time and money. There was no discussion around this, no negotiation, nothing. This was the first of many digital fait accomplis of which you would shortly become the victim.
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.
Down with autocratic Anglo autocorrects!
The modern horror story is autocorrect, which often mocks non-Anglophonic names. The 'I am not a typo' campaign in Britain demands technology to be more inclusive and aware of diverse names. Names like Vivekananda should not be autocorrected to 'Vivekamunand' or 'vindaloo'. All names should be treated equally, but software biases often show through. The campaign found that thousands of names were autocorrected in 2021 alone. Non-Anglophone name-holders are urged to unite against this 'correctional' tyranny.
OpenAI's Sam Altman pledges to donate over half of his fortunes
The move comes after a tumultuous six months for Altman, the co-founder of the San Francisco-based company behind ChatGPT and a venture capitalist who Forbes says amassed much of his $1 billion through investments.
OpenAI's Scarlett Johansson gaffe pushes voice cloning into spotlight
OpenAI was forced to apologise to actor Scarlett Johansson last week for using her voice -- or something very similar -- on its latest chatbot, throwing the spotlight on to voice-cloning tech. OpenAI uses similar systems though they do not release any details.
‘Gen AI is a friend, not a foe’...is Infosys founder NR Narayana Murthy’s message to critics of the modern technology
NR Narayana Murthy and S ‘Kris’ Gopalakrishnan discuss the transformative potential of Gen AI, the challenges of technology misuse, the benefits of technology adoption in banking, and India's potential to compete with China in business environment.
AI Stole Your Voice? Voice actors sue AI startup for using their voices in chatbot
Voice actors Paul Skye Lehrman and Linnea Sage are suing AI startup Lovo for allegedly using their voices without permission to create a chatbot named Poe. The couple, who rely on their voice work for a living, discovered the bot sounded exactly like them. They claim Lovo violated trademark and privacy laws by using their voice recordings without disclosure. The lawsuit, seeking class-action status, highlights a growing concern among artists and creators about AI technologies potentially replacing them in the job market.
Technological factors can stall or spur adoption of EV 2-wheelers
The technological factors affecting electric two-wheelers (EV 2Ws) are integral to their development and widespread adoption in India, say EV industry stakeholders.
Billionaire quant investing pioneer and philanthropist James Simons dies at 86
Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing. His pioneering use of computer signals for trading decisions earned him the nickname "Quant King."
Nothing wrong in being bullish, just be more selective: 5 midcap stocks with upside potential of up to 36%
In equity markets, whatever precaution one might take, the probability of a mistake of getting stuck with a wrong stock is always high. Especially when stocks have been bought when even bulls don't know why they are so bullish. That was the case for a large part of 2023 and even in the first two months of 2024. While the way markets have behaved in March should have ideally made us learn some lessons. But the fact of life is that three days of strong up move in the mid caps segment and we all forget what happened recently. So, mistakes are an integral part of the learning curve of the stock market. But then there are mistakes and silly mistakes, just try to avoid silly mistakes and that is where using more qualitative and quantitative measures will come into play.
Bengaluru ain't seen nothing yet: Will it turn into a dystopia?
Bengaluru experienced its highest maximum temperature for March in the past five years, reaching 36.4 degrees Celsius on March 29. This temperature marked the fourth highest in the past 15 years and the third highest in the last decade for March. Meteorological experts attribute this intense heat to global warming and the El Nino effect, which leads to the warming of the Pacific Ocean
View: Platform workers of the world, unite! You have nothing to lose but your algorithmic chains
Today, even as the gig economy thrives, Taylorism is relevant and might be the most successful management idea ever implemented. However, there is a dark side. Work intermediated by algorithms - such as making deliveries or ride-hailing - subjects workers to algorithmic control. It's much closer to the assembly line model than to Taylor's vision of profit-sharing.
India's robust digital infrastructure helped 'Nothing' brand make inroads, says cofounder Akis Evangelidis
Nothing, an emerging technology brand, has exceeded its growth expectations, driven by India's tech-savvy consumers, according to cofounder Akis Evangelidis. Despite launching its first product during the pandemic, the brand has made significant strides in India, leveraging the country's robust digital infrastructure. Evangelidis emphasized India's technological proficiency and the ease with which brands can gain traction in the consumer tech space.
Nothing Phone 1 5G - Explore the Pricing and Advanced Specifications of the Revolutionary Smartphone
The Nothing Phone 1 5G redefines what a smartphone can be, blending powerful performance, an intuitive interface, and a sleek design. Upgrade your mobile experience with Nothing and embrace a future without boundaries. It's not just a smartphone; it's a statement.
Nothing Phone (2) launch event: When & where you can watch its exclusive live stream, what to expect
London-based consumer technology brand, Nothing is all set to launch its second smartphone, the Nothing Phone (2), with a promise of an upgraded design, enhanced hardware, and new features. The launch event scheduled for 8:30 PM IST will be livestreamed on the company's official website, YouTube channel, and social media handles.
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