SILICON VALLEY
Ukraine brings AI weapons to front lines
Ukrainian tech firms are pioneering autonomous drone technology, leading to the development of deadly tools that can interpret real-time video footage. The region's innovation race is fueled by advancements in deep learning and artificial intelligence, turning drones into lethal weapons capable of autonomous attacks.
US Presidential Election 2024: Who is Gavin Newsom? Is he going to replace Biden as the Democratic Party’s official presidential nominee?
The Governor of California Gavin Newsom is one of the potential candidates to replace Joe Biden as the official presidential nominee of the Democratic Party in the upcoming US Presidential Election in November. However, replacing Biden is not going to be easy.
GIFT City-like hub for Karnataka, state IT minister Priyank Kharge tells FM
Karnataka IT-BT minister Priyank Kharge told finance minister Nirmala Sitharaman that such a central business district in Karnataka will foster economic growth and create jobs, and also attract foreign investment.
Apple set to lease office tower from Embassy Group in Bengaluru
Apple Inc leased an office tower in Bangalore with record rent. The site was previously a hotel near Bangalore Golf Club. Manufacturing operations expanded with Foxconn Technology Group and Tata Electronics, including a local supplier network and large facilities.
Tech leader moves from Singapore to Bengaluru after 7 successful years to expose daughter to 'chaos'
Aakash Dharmadhikari, co-founder of Realfast AI, moved from Singapore to Bengaluru after seven years to introduce his daughter to life's uncertainties. Reflecting on his time in Singapore, he humorously admitted forgetting the chaos of India. Dharmadhikari began his career in Bengaluru before relocating to Singapore in 2017. His decision sparked varied responses, highlighting challenges and support for his return to Bengaluru, symbolizing a shift towards embracing life's unpredictability.
Silicon Valley VC fund General Catalyst acquires Venture Highway; will deploy $1 billion in India
Venture capital fund General Catalyst is acquiring India-focussed early-stage investor Venture Highway to strengthen its India presence. As part of this move, Venture Highway—which has backed unicorns like Meesho and Moglix—will cease to exist and will transition into General Catalyst India. This comes in the backdrop of a larger reset in the global venture capital industry after the exuberance of the pandemic years.
Prosperr.io raises $1.5 million in funding from Silicon Valley investor Gokul Rajaram
Livspace founder Ramakant Sharma, CEO Saurabh Jain, and Cred founder Kunal Shah also participated in the funding round of the AI-enabled income tax solutions startup
Silicon Valley’s South Park Commons launches Bengaluru outpost in collaboration with Binny Bansal
Silicon Valley-based early-stage venture fund South Park Commons made its India entry with an outpost in Bengaluru. This is its first international location outside of the US. The fund was launched in 2016 as a collective of engineers, founders and researchers by husband-wife duo of Ruchi Sanghvi and Aditya Agarwal.
Apple to break AI silence at developers conference
Apple on Monday will attempt to persuade doubters on its AI strategy after rivals raced ahead in adopting artificial intelligence. ChatGPT-style AI voraciously feeds off data and Apple will be at pains to fight the AI race while living up to its traditional position on safeguarding data privacy.
Banks ask RBI to ease liquidity rule to keep credit taps open
Indian banks are urging the industry regulator to relax the current liquidity coverage requirements. They believe easing these mandates will free up more funds for lending.
Nvidia hitting $3 trillion propels Jensen Huang’s wealth above Michael Dell’s
On Friday, Huang reached another milestone, surpassing personal computer pioneer Michael Dell to become the world's 13th-richest person with a net worth of $106.1 billion, according to the Bloomberg Billionaires Index. His wealth has increased by more than $62 billion this year, driven by the insatiable demand for Nvidia chips used in artificial intelligence tasks.
Nvidia's market cap hits $3 trillion briefly, overtaking Apple as second most valuable company
The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors.
Nvidia overtakes Apple as world's No. 2 most valuable company
Nvidia's stock hits record high, surpassing Apple to become second most valuable company at $3 trillion. Silicon Valley chipmaker to split stock ten-for-one on June 7. Microsoft remains the world's most valued company with market value at $3.15 trillion.
Like a pop star, Nvidia's CEO Huang stirs up 'Jensanity' in Taiwan
Huang, the local boy who made good, is the subject of wall-to-wall coverage on Taiwanese television and reporters trail him constantly. He was mobbed by attendees at the Computex tech trade fair and has featured in thousands of social media posts.
How AI made Mark Zuckerberg popular again in Silicon Valley
Meta's CEO, Mark Zuckerberg, introduced an open-source AI system, challenging closed models like OpenAI. Jeffrey Emanuel, a hacker and AI enthusiast, initially skeptical, was impressed by Meta's move to make the code freely accessible.
Valley must respect (Beverly) Hills
Creators of AI will have to be especially careful over copyright, given the scope for bias inherent in the technology. Bias enters through human input. But AI can amplify it. Creative people lending names, faces or voices to such endeavour would be justified in seeking protection to their livelihood apart from regular compensation. This would also apply to content AI trains upon, such as the work of writers, directors and musicians.
Colour, Confetti and Camaraderie to Create Choreographed Chaos
All roads leading to the coolest spring party in the Bay Area were jammed with Holi spirit seekers
Here is why the US ‘keeps trying to cap visas for Indians’
Harbir K Bhatia, CEO of the Silicon Valley Central Chamber of Commerce, highlighted the significant role of skilled Indian immigrants in America's tech industry, stating that the sector heavily relies on them for innovation and talent. She emphasized that Indians excel in various professions, including technology, farming, and healthcare.
Phenomenal job by PM Modi in making India rise on world stage: Silicon Valley entrepreneur
"Objectively speaking, when you look at the sentiment in India or the sentiment globally about India, the only observation you have is that Mr Modi is doing a phenomenal job of making India rise again on the world stage," Sandeep Bhat, the co-founder of Devicethread, a startup aimed at revolutionising the hospitality industry by connecting digital and physical infrastructure, told PTI in an interview.
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