Startups that became unicorns in 2024 took an average of nine years and six months to reach $1 billion valuation, reflecting the impact of a prolonged funding squeeze from PE/VC firms over the past few years.
Nine Indian universities and institutions have secured a place among the world's top 50 in the QS subject-wise rankings, with the Indian School of Mines (ISM) Dhanbad claiming the highest position at 20th globally for Engineering-Mineral and Mining. Despite the success, some top institutions, including three IITs, two IIMs and JNU, have experienced a drop in their rankings. The QS World University Rankings by Subject, in its 15th edition, highlight India's growing higher education ecosystem in terms of both size and quality.
If completed, this deal would place OpenAI among the most valuable private companies globally, alongside Musk's SpaceX and ByteDance, the parent company of TikTok, according to The New York Times.
As AI becomes central to upskilling, a growing number of learners -- from seasoned professionals to school students -- are eager to explore and experiment with technology.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
The tech community, which was getting ready to use the ChatGPT fever and raise unlimited capital for their businesses, is going to face tougher obstacles now, predicts Ajit Balakrishnan.
Entry level engineers for these roles can be paid between Rs 4 lakh to Rs 8 lakh annually, which can go beyond Rs 30 lakhs for people with more than eight years of experience.
Nearly a dozen firms have shown interest in building the foundation model and LLMs, while others have proposed sector-specific SLMs.
US-based Citigroup is likely to allocate more global roles to India than to any other centre it operates in due to the country's strong talent pool, said Jane Fraser, chief executive officer of Citigroup, on Wednesday in an interaction with CNBC-TV18. Fraser also expressed confidence that India will remain the world's fastest-growing economy.
'As more and more work becomes automated and a range of lower-level and higher-level tasks are replaced by AI, the need for a classic command-and-control pyramid structure goes away.'
55% Indians fear that their skills could become partially or fully obsolete within the next five years.
The rivalry between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has intensified, centering on a groundbreaking artificial intelligence project known as Stargate, reported The Associated Press.
Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
India leads the pack: 4.1 per cent of job postings demand such skills.
'The lesson Beijing would have learned is that there is, cost-benefit wise, no better option than to keep the Pakistan military supplied with its most advanced armaments, certain that in hostilities with India these would be used for maximum effect.'
The Economic Survey on Monday said the advent of Artificial Intelligence (AI) casts a "huge pall of uncertainty" with regard to impact on workers across all skill levels. The Economic Survey 2023-24 tabled in Parliament predicted that the new-age technology, while turbocharging productivity, has the potential to disrupt employment in certain sectors. The Survey described AI as "phenomenal in its rapid pace of innovation and ease of diffusion" but also cautioned that the the future of work will be reshaped by it.
Modi is the fourth foreign leader hosted by Trump in the weeks after his inauguration last month.
Bessemer Venture Partners has closed $350 million in capital for its second dedicated India fund to back founders in the region, who build enduring companies.
World Chess Champion D Gukesh and World Junior Chess Champion Pranav Venkatesh are from the same school and were classmates till Class 10!
As temperatures shoot up this month signalling an early onset of summer, sales of air conditioners (AC) are set to increase, with companies expected to hike the prices of ACs by 4-5 per cent due to component shortages. Leading players like Haier and Bluestar and suppliers like EPack Durables have raised their production capacities to meet the 25-30 per cent rise in demand expected in the coming months.
'Amaravati will be a game changer for Andhra Pradesh.'
'What is working is quality management, great teams, engineers, platforms, and highly differentiated services.'
Prime Minister Narendra Modi concluded his visit to the United States after holding high-level bilateral talks with President Donald Trump on a wide range of subjects, including trade and technology, defence and security, energy and people-to-people ties. The two leaders decided to take a significant step in deepening their strategic ties, particularly in the areas of defence, energy, and critical technology. Modi also met with key American officials, including National Security Advisor Michael Waltz and Director of National Intelligence Tulsi Gabbard, and prominent business leaders like SpaceX CEO Elon Musk and Indian-American entrepreneur Vivek Ramaswamy.
There's not any effort -- not even a smidgen -- to resurrect a superstar on the wane in Sikandar, sighs Sukanya Verma.
rediffGURU Radheshyam Zanwar offers guidance on the various courses students can pursue after completing Class 10 and 12.
'A lot of youngsters are hired because senior people do not want to work in such a culture and these people are made to work 14 hours a day atleast.'
Despite the dominance of AI, creativity and innovation are the most in-demand skills, reveal LinkedIn's Skills On The Rise 2025 report.
Indian companies seem to be trailing behind. They will have to catch up by reskilling the workforce and ramping up investments.
Hike will launch brand channels later in 2016.
India's stock markets corrected recently but foreign money is likely to chase China rather than India in the short-to-medium term, said Chris Wood, global head of equity strategy at Jefferies, on Thursday. Wood told the Business Standard Manthan Summit in New Delhi he is bullish about Indian equities from a long-term perspective, but for the short term he is cautious given the quantum of foreign investor (FII) outflows and valuation woes.
'The message that we intend to leave with at the end of this trip is one of real gratitude for the friendship and the close partnership that President Biden and Prime Minister Modi have enjoyed over the last four years, but also one of tremendous optimism because we see a lot of opportunity in the future.'
It would be the prime minister's first bilateral visit to the US after Trump became president for a second term.
Information technology (IT) stocks ended at their lowest in nearly nine months after a fresh bout of selling, triggered by concerns over a recession in the US, the key market for domestic software exporters. A report by Morgan Stanley citing risks to growth also weighed on sentiment.
A shortlist using artificial intelligence would be prepared to identify eligible candidates and match them to the suitable internship opportunity. The shortlist would be shared with the companies on Tuesday, October 15.
As auto major Mahindra & Mahindra (M&M) became the number two player in the retail passenger vehicle segment for the first time in February, powered by its new launches, the company is setting its sights on technology upgrades.
In a major shift from his earlier stance, United States-President elect Donald Trump has expressed his support for the H-1B visa programme and acknowledged frequently using it for his own properties, calling it a 'great programme', according to a report by New York Post.
'We don't have to compete with Maharashtra or Gujarat. We have to now start thinking about how we compete with the United States or China.'
'In this age of competition, we will not survive long if we do not provide quality service to our consumers'
India is working with the US on an "early" visit to Washington by Prime Minister Narendra Modi to further deepen the comprehensive global strategic partnership between the two countries, the External Affairs Ministry said on Friday. Following a phone conversation with Modi this week, US President Donald Trump said the Indian prime minister "is going to be coming to the White House, over next month, probably February". It would be Modi's first bilateral visit to Washington after Trump became US president for a second term. While confirming discussions between India and the US on the proposed visit, External Affairs Ministry spokesperson Randhir Jaiswal did not mention any possible time-line for the trip. In their phone conversation on January 27, Modi and Trump vowed to work towards a "trusted" partnership with a focus on boosting India-US cooperation in areas of trade, energy and defence. "PM Modi and President Trump had a telephone conversation recently. The two sides are working on an early visit of the PM to the US to further deepen India-US Comprehensive Global Strategic Partnership," Jaiswal said at his weekly media briefing while replying to a question. "Specific dates for the visit would be announced at the appropriate time," he said. It is learnt that both sides were initially looking at the window between February 12-14 for Modi's visit but there has been no finality on it yet. The prime minister is set to travel to Paris to attend the Artificial Intelligence Action summit on February 10 and 11. Though the US president has also been invited to the summit, his participation is not yet confirmed.
The purpose for which AI should be used cannot be left to AI developers, asserts Vice Admiral Biswajit Dasgupta (retd).
