Everything posted by Vishwadeep Khatri
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AI News from ET - Jeff Bezos rejects AI-induced job-loss fears, says the technology will ‘elevate’ workers
Amazon founder Jeff Bezos dismissed AI job loss fears, predicting it will instead create labour shortages and boost worker productivity. He argued that AI will augment human roles, not replace them entirely, enabling work at a higher level. This comes amid layoffs at the company, though Bezos claims they weren't AI-driven. View the full article
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AI News from ET - Nvidia posts record $81.6 bn quarterly revenue on AI spending boom
Chip giant Nvidia on Wednesday posted record quarterly revenue of $81.6 billion, blowing past Wall Street forecasts as insatiable demand for its artificial intelligence hardware powered another blockbuster quarter. Demand for Nvidia products seems insatiable despite recurring talk on Wall Street that the AI spending spree could come to a halt. View the full article
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AI News from ET - US President Trump to sign order on AI oversight as security fears mount among supporters
President Donald Trump is set to sign an executive order on AI and cybersecurity. This order will establish a voluntary framework for AI developers to share new models with the US government before public release. This move aims to balance oversight demands from some political bases with the tech industry's preferences. View the full article
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AI News from ET - Anthropic nears first quarterly profit, agrees to pay SpaceX $1.25 billion monthly for computing power
AI firm Anthropic is set to achieve its first quarterly operating profit. Sales are projected to double in the June quarter, reaching at least $10.9 billion. This surge is driven by high demand for its Claude AI. The company's success highlights a rare profit in the costly AI industry. SpaceX's IPO filing also revealed a significant compute deal with Anthropic. View the full article
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AI News from ET - Andhra govt clears 800 acres for RIL's AI data centre in Vizianagaram district
Andhra Pradesh government has approved over 800 acres of land for Reliance Industries. This land in Vizianagaram district will host a Giga Scale AI Data Centre with a Cable Landing Station. Reliance plans to invest over Rs 1 lakh crore in this project. The government is also providing various incentives to support the mega project. View the full article
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AI News from ET - Raghav Chadha moves Delhi High Court against AI-generated deepfakes
Rajya Sabha MP Raghav Chadha has approached the Delhi High Court. He seeks protection for his personality rights. This is against the misuse of artificial intelligence and digitally manipulated content. The court will hear the matter soon. Chadha wants to stop the creation and spread of AI-generated deepfakes and fake speeches. View the full article
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AI News from ET - French consortium to bid for EU's AI datacentre fund
A French consortium named AION plans to build a massive data centre costing ten billion euros. This initiative aims to enhance Europe's artificial intelligence capabilities. The project seeks funding from the European Union's new twenty billion euro fund. Iliad is ready to invest four billion euros. The data centre will significantly increase France's computing power. View the full article
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AI News from ET - Chipmaker Analog Devices forecasts third-quarter revenue above estimates amid AI boom
Chipmaker Analog Devices anticipates strong third-quarter revenue, exceeding market expectations. This surge is driven by increased demand for its power-management semiconductors and sensor components. The AI boom is fueling growth in data centers and automotive systems. The company also announced a significant acquisition to bolster its AI-focused portfolio. This positive outlook reflects robust performance and future potential. View the full article
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AI News from ET - Singapore in talks with tech firms about adding 'nutrition labels' to AI products
Singapore is planning to introduce "nutrition labels" for AI products. These labels will inform users about intended uses and limitations. This initiative aims to guide consumers on correct AI usage. Singapore is also developing testing frameworks for AI products. The country is becoming a key hub for AI development, attracting major tech companies. View the full article
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AI News from ET - ASML CEO sees tight supply in booming chip market as AI demand soars
The global chip market faces a prolonged period of tight supply. Demand from artificial intelligence, satellites, and robots is surging. ASML's CEO states this will create a supply-limited market for some time. New technologies and massive projects like Elon Musk's TeraFab will drive this demand. Chipmakers are increasing production to meet these needs. View the full article
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AI News from ET - AI shift forces skills rethink at India tech hubs, Kimberly-Clark executive says
India's offshore centers are seeing a major shift in hiring. Companies now prioritize domain and product skills over coding. AI tools are handling routine programming, leading to a focus on experienced workers. Kimberly-Clark is retraining its staff. Graduates need domain knowledge alongside technical skills for these evolving roles. View the full article
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AI News from ET - Lam Research opens Austria lab to advance chip packaging, cut costs
Lam Research has launched a new research lab in Salzburg, Austria. This facility will focus on advanced chip packaging technology. The goal is to boost chip density and lower production costs. This move is driven by the high demand for processors due to artificial intelligence. The new lab builds on Lam's acquisition of Semsysco GmbH. View the full article
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AI News from ET - OpenAI to invest in YC startups using $2 million worth of tokens; here’s what it means
OpenAI is providing two million dollars worth of tokens to each startup in the current Y Combinator batch. This initiative aims to accelerate product development and internal workflows. Startups will exchange equity for these tokens. This move is expected to unlock significant innovation from driven founders. View the full article
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AI News from ET - Gen Z and AI: As AI takes centre stage, youth stand in disapproval
Young people express growing anger and anxiety about artificial intelligence. AI is reshaping industries and impacting jobs globally. Tech giants are cutting staff, citing AI advancements. Surveys show a rise in negative emotions towards AI among the youth. Many believe AI's risks outweigh its benefits. This sentiment is evident in recent public events. View the full article
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AI News from ET - AI will destroy and create new jobs, urges staff to embrace change: HSBC CEO
HSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its 200,000 employees to embrace this technological shift. This comes as rival Standard Chartered announced significant job cuts due to AI integration. Financial institutions are increasingly focused on cost savings and leveraging AI for efficiency and to combat cyber threats. View the full article
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AI News from ET - Alibaba unveils new AI chip in push for domestic alternatives
Alibaba has launched its new Zhenwu M890 AI chip, offering triple the performance of its previous model. This development is part of China's push for domestic AI alternatives amid US export restrictions. The company also revealed a future roadmap with V900 and J900 chips planned for 2027 and 2028 respectively. This signifies Alibaba's commitment to advancing its in-house silicon capabilities. View the full article
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AI News from ET - Singapore urges financial firms to use AI to create better jobs
Singapore's Deputy Prime Minister Gan Kim Yong is encouraging banks and financial companies to leverage artificial intelligence. The focus should be on creating better jobs and training workers for advanced roles. This approach aims to enhance competitiveness and benefit the workforce. Singapore is positioned as a leading AI financial hub. View the full article
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AI News from ET - OpenAI to open its first applied AI lab outside of US in Singapore
OpenAI is establishing its first applied AI lab outside the United States in Singapore. The company plans to hire around 200 people in the coming years. OpenAI will invest more than S$300 million in the city-state. This collaboration aims to boost AI innovation and talent. Singapore seeks to become a leading AI hub. View the full article
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AI News from ET - Meta offers AI rival chatbots limited free WhatsApp access, sources say
Meta Platforms has offered European AI chatbots free access to its WhatsApp messaging service, with charges to be implemented after a usage limit is reached. This proposal aims to appease EU regulators investigating Meta's market practices. View the full article
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AI News from ET - Swipe right for AI skills, India Inc to job seekers
India's tech job market saw a significant surge in AI skill demand in January, with nearly a seventh of postings requiring these abilities. This trend highlights a growing need for AI expertise, as businesses increasingly integrate automation and agentic AI, leading to a shift in hiring priorities towards practical skills and certifications over traditional degrees. View the full article
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AI News from ET - Nvidia shares set for $350 billion price swing after earnings, options show
Nvidia's market value is expected to see a substantial swing following its earnings report. Options trading suggests investors remain optimistic about the AI giant. However, there is also a growing trend of hedging and profit-taking in the semiconductor sector. This indicates high expectations for Nvidia, as it leads the AI-driven rally. View the full article
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AI News from ET - OpenAI cofounder Andrej Karpathy joins Anthropic
Renowned AI researcher Andrej Karpathy has joined Anthropic, marking a significant talent acquisition for the AI company. Karpathy, a co-founder of OpenAI and former Director of AI at Tesla, expressed excitement about contributing to LLM research and development. He also plans to continue his work in AI education. View the full article
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AI News from ET - Imec CEO calls for stronger AI design push in EU's Chips Act
Europe must develop its own AI chip design firms. The new head of imec believes this is crucial for future competitiveness. The upcoming Chips Act 2.0 should focus on building this design ecosystem. Europe's strength lies in equipment and design, not just production. Encouraging TSMC to expand its Dresden facility is also suggested for advanced manufacturing. View the full article
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AI News from ET - Nvidia's outlook will be a test of its strategy to maintain AI dominance
Nvidia anticipates strong earnings but faces new competition in AI chips. Demand is shifting to processors that run AI in real-time, a market where rivals like Alphabet and Amazon are making strides. Traditional players Intel and AMD are also pushing new chips. View the full article
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AI News from ET - Elon Musk's failed court attack on OpenAI could leave lasting scars on CEO's reputation
Sam Altman and OpenAI secured a legal victory against Elon Musk, with a jury dismissing his lawsuit over the company's shift to a for-profit model. Despite the win, testimony from former colleagues painted a picture of Altman as untrustworthy, potentially impacting investor confidence for a future IPO. View the full article