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Wary Paytm to avoid regulated biz; Foxconn to make AI servers in India
Happy Friday! Paytm is steering clear of regulated businesses and will instead focus on building a strong distribution network. This and more in today's ETtech Morning Dispatch.
After iPhone, Foxconn’s next big revenue project in India is AI servers
Contract manufacturer Foxconn said it has plans to begin manufacturing AI servers—the high-performance computing engines that train and run artificial intelligence (AI) models—at its Indian facilities, sources told ET.
What happens when telcos' DNS server is down
Internet outages in India on June 18 affected over 45,000 Reliance Jio users and 9,000 Bharti Airtel users due to DNS server downtime, impacting popular applications like WhatsApp and Facebook.
Nvidia loses top spot to Microsoft after 3% drop
Nvidia, whose market capitalisation surpassed that of Microsoft on Tuesday, was set to lose around $91 billion to its last closing market value of $3.34 trillion, at the current level of $131.88.
Dell, Super Micro providing server racks for xAI's supercomputer
Dell is assembling half of the racks for xAI's supercomputer, Musk said on X. In a reply to another post enquiring about the second partner, the billionaire said "SMC" - referring to server maker Super Micro.
Hewlett Packard surges over 12% as AI-server demand powers strong results
Analysts at Bernstein said this suggests potential for HPE and peer Dell Technologies to have "very strong shipments over the next quarter or two as they deliver on backlog", but it depends upon customers being willing to take deliveries earlier.
Intel battles AMD with new data center chips
Intel launched sixth generation Xeon server processors to regain data center market share. Gaudi 3 AI chip, priced competitively, provides a cheaper alternative to rivals' chips. Lunar Lake laptop chip, with a powerful AI processor, will ship in Q3.
Dell shares slump 18% as heavy AI investments expected to dent margin
Dell's stock is projected to lose over $21 billion in market value, despite having experienced a remarkable 80% surge earlier this year. The company, like many others, has made significant investments in advanced server hardware to accommodate the growing demand for complex artificial intelligence processing.
DoT reassures telcos over data shift to Amazon Web Services
The Department of Telecommunications (DoT) faced backlash from mobile phone companies over plans to migrate its digital intelligence platform (DIP) to Amazon Web Services (AWS) from servers run by BSNL and C-DoT. The move was criticized for compromising consumer privacy. However, DoT clarified that critical subscriber database records won't be stored on AWS, easing concerns. The DIP is crucial for fighting cybercrimes and fraud, facilitating real-time intelligence sharing among stakeholders. The shift aims to address data surge challenges, with AWS being an approved vendor of MeitY, hosting CoWIN data.
10 PC Cabinets for under Rs.20,000 to upgrade your setup
Upgrade your PC setup without breaking the bank with these 10 high-performance cabinets under Rs.20,000. From stylish designs to advanced cooling systems, these cabinets offer the perfect blend of aesthetics and functionality for gamers and enthusiasts alike.
Netweb Technologies starts commercial production at a new facility in Faridabad
Netweb Technologies launches high-end computing production at new Faridabad facility, aiming for Rs 2,000 crore turnover. Expansion plans include employee increase and international exports of Nvidia computers.
LLM for BFSI sector, personal AI server launched
Indian AI startups introduced innovative AI models and products at Adbhut India. The event highlighted diverse applications, including large language models, voice-enabled systems, and AI tools for various sectors, showcasing India's potential as an AI use case capital.
Apple working on AI chips for data centers
Apple is reportedly developing its own chip, internally dubbed Project ACDC, to power artificial intelligence software in data centers, leveraging its chip design expertise. This move aims to bolster Apple's server infrastructure, with a focus on AI inference tasks. CEO Tim Cook signals a strong commitment to AI technology.
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
Chinese entities obtained advanced Nvidia chips through resellers post U.S. ban expansion. The servers contained Nvidia's most advanced chips and were made by various manufacturers. Potential diversions to China were highlighted.
Mega Networks plans to make AI servers in Maharashtra
Mega Networks is one of two Indian firms chosen for the production-linked incentive (PLI) scheme 2.0 for IT hardware. Under this, the government gives an incentive of around 5% on net incremental sales of goods manufactured in India.
XDefiant Server Test Session: This is what we know so far
Ubisoft's XDefiant, a free-to-play shooter game, is set for a Server Test Session starting April 19, 2024. The session lasts 2 days, concluding on April 21, 2024. Players can earn rewards like weapon skins and XP boosters.
Rivos raises $250 million to develop RISC-V AI chips
Rivos raises $250 million for AI server chip to challenge Nvidia's market dominance. Plans for RISC-V architecture chips. Strategic investments from Lip-Bu Tan, Matrix Capital Management, Intel, MediaTek, and Dell Technologies.
Kotak Mahindra customers face troubles as bank servers get impacted
Kotak Mahindra Bank customers on Monday reported difficulties accessing services due to problems with the system at the private sector lender. The lender's customers started facing difficulties in completing transactions like UPI payments, money withdrawals, and also accessing online banking in the morning and took to social media to voice their issues.
Facebook & Instagram suffer massive outage; issue seems to be resolved
Meta's Facebook, and Instagram have experienced outages in India, with nearly 15,381 people reporting Facebook outage and over 19,200 on Instagram. Meta Communications Director Andy Stone confirmed the company is working on the issue.
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