TECH ADVANCEMENTS
Stock market update: Nifty IT index advances 0.09%
The Nifty IT index closed 0.09 per cent up at 36157.5.
Tech View: Nifty forms ‘3 Advancing Soldiers’ pattern. Here’s how to trade on Thursday expiry
Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts.
AI startup EvolutionaryScale raises $142 million to advance tech in biology
Calling it a "ChatGPT moment for biology," Lux Capital cofounder and managing partner Josh Wolfe told the company has developed the first large language model for creating novel proteins and other biological systems.
Stock market update: Nifty IT index advances 0.81%
The Nifty IT index closed 0.81 per cent up at 35426.9.
China's ByteDance working with Broadcom to develop advanced AI chip
China's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips for TikTok and other apps amid U.S.-China tensions.
Spoilt for choice: How changing consumer preferences & tech advancements driving upgrades in electronics and car
Hyundai Motor India introduced the third upgrade to its flagship SUV, Creta, in January, followed by the performance-focused Creta N Line variant in March. Samsung launched the Galaxy S24 Ultra smartphone in yellow color. Kia India's senior VP highlighted the reduced product life cycles in the automotive industry.
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Stock market update: Nifty IT index advances 0.03%
The Nifty IT index closed 0.03 per cent up at 34936.45.
Stock market update: Nifty IT index advances 0.36%
The Nifty IT index closed 0.36 per cent up at 34927.1.
Stock market update: Nifty IT index advances 0.59%
The Nifty IT index closed 0.59 per cent up at 34802.95.
Stock market update: Nifty IT index advances 0.05%
The Nifty IT index closed 0.05 per cent up at 34547.45.
Stock market update: Nifty IT index advances 0.02%
The Nifty IT index closed 0.02 per cent up at 34531.45.
Apple WWDC 2024 AI live stream: Where and how to watch the event online?
Apple's WWDC 2024, starting tonight, will focus on software updates rather than new hardware. Key announcements include iOS 18 with AI features like Smart Recap and improved Siri, watchOS 11 with advanced health features, macOS 15 with AI-driven enhancements, and visionOS 2.0 for AR capabilities. The event will also introduce Apple Intelligence, a new AI system, and updates to apps like Settings, Control Centre, Messages, Photos, and Mail.
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.
Italy could play significant role in boosting India's advanced manufacturing capacity: Vincenzo de Luca
Italy's outgoing Ambassador to India highlights the crucial role of collaboration with India in advanced manufacturing to boost India's manufacturing capacity. Bilateral trade between Italy and India has seen significant growth, with a focus on machinery, automotive products, and luxury goods from Italy, and aluminium, steel, and iron from India.
European stocks at record on tech and ECB bets
The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.
Stocks in news: Adani Ports, REC, Maruti Suzuki, Hero MotoCorp, MosChip Tech
Equity markets await BJP's election outcome on June 4. GSK's Blenrep shows promise for multiple myeloma. NMDC reports 37% production fall in May.
Deep tech startup policy likely in forthcoming Budget
The commerce and industry ministry may propose a dedicated policy for deep tech startups in the forthcoming Budget, to be announced by the new government. The policy, in final stages, aims to promote innovation and R&D. Voting for the Lok Sabha polls is over, with results on June 4 and a new government taking oath this month.
Now India can hope to have its own SpaceX and Blue Origin
Elon Musk's SpaceX and Jeff Bezos' Blue Origin lead the global space industry discourse. From reusable rockets to space tourism, these companies drive innovation in the space sector.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
If China invades Taiwan, ASML and TSMC can disable chip machines
ASML Holding NV and Taiwan Semiconductor Manufacturing Co. have measures in place to remotely disable chipmaking machines in the event of a Chinese invasion of Taiwan. The US government has expressed concerns about the impact of such an attack on the global semiconductor supply chain. ASML's advanced EUV machines are crucial in this scenario, with TSMC being a major client. The stakes are high as Taiwan produces around 90% of the world's most advanced chips.
IT & banking titans fuel 677-point Sensex rally in last leg of volatile session
The benchmark equity indices tossed between ups and downs throughout the day and finally settled in the green. US rate -sensitive IT stocks contributed majorly to the fag-end rally as all 10 constituents advanced, adding between 1% and 4.2%. Investors gained Rs 3.1 lakh crore on Thursday.
Google I/O 2024: What to expect? Check where and when to watch the livestream
Google I/O 2024 is set to begin this year on Tuesday in Mountain View, California. The event promises a deep dive into Google's latest innovations, focusing on software updates, AI advancements, and more. The keynote, led by Sundar Pichai, will start at 10 AM Pacific Time (10:30 PM India Time) and will be live-streamed on Google's official YouTube channel. Expect insights into Android's future, updates on generative AI like Gemini AI, and potential teasers of upcoming Google hardware.
Luxury car companies keep it cool inside with advanced glass coatings
Car manufacturers are adopting sophisticated glass coatings to maintain cool temperatures inside vehicle cabins, reducing the reliance on air conditioning as temperatures soar above 45°C in certain Indian cities during the summer. This initiative coincides with the trend towards larger vehicles like SUVs and electric models, which demand more battery pack space, resulting in larger glass surface areas and thermal loads
India playing crucial role in advanced manufacturing: N Chandrasekaran
The Tata Sons chairman noted that companies are adjusting their supply chains to achieve a balance between resilience and efficiency. Additionally, Chandrasekaran emphasized the emergence of new global supply chain ecosystems, with India assuming a significant position in advanced manufacturing.
Wanted: Policies that support womens’ advancement in the workplace
In India, women face significant barriers in the workplace, from the burden of unpaid care work to the gender pay gap. Despite anti-harassment policies like the POSH Act, compliance remains a challenge, contributing to the "leaky pipeline" where women exit the workforce.
People+ai partners with 24 tech organisations to enable open cloud compute infra
AMD, Oracle, and various technology providers collaborate to address the increasing compute requirements. The partnership aims to enhance the compute ecosystem in India through the creation of a network of providers for accessible and tailored compute resources.
JEE Advanced 2024 registration starts at jeeadv.ac.in. Check exam date, application process, eligibility and other key details
The application portal for JEE Advanced 2024 has opened just after the release of JEE Mains results, and students can apply until May 7. Admit cards can be downloaded starting from Friday, May 17, 2024, at 10:00 AM, until Sunday, May 26, 2024, at 2:30 PM. The fee structure for the IIT JEE 2024 exam varies depending on the candidate's category. However, female Indian nationals, regardless of their category, are required to pay a fee of Rs 1600.
US may soon unveil list of Chinese chip factories barred from receiving tech
The commerce department in 2022 barred U.S. companies from shipping equipment to Chinese factories producing advanced chips, as the U.S. seeks to severely limit Beijing's technological advances over national security concerns.
Visionary Wishlist: Five tech inventions bosses would love to see in next five years
In a world where technology is changing at the speed of imagination, these leaders reveal the developments on their wishlists over the next five years.
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