Appellate tribunal NCLAT on Thursday admitted the petitions filed by Meta Platforms and Whatsapp against an order passed by fair trade regulator CCI which imposed a penalty of Rs 213.14 crore for abuse of market dominance.
Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about $12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships.
The Competition Commission of India (CCI) on Monday imposed a penalty of Rs 213.14 crore on social media major Meta for unfair business ways with respect to WhatsApp privacy policy update done in 2021. Besides, the competition watchdog has directed Meta to cease and desist from anti-competitive practices.
The US has replaced random H-1B selection with a wage-weighted lottery and a new $100,000 fee for applications, raising uncertainty for students and junior hires.
To prevent the race for superintelligence from going off the rails, OpenAI recommends shared standards and insights from frontier labs, public oversight and accountability proportional to capabilities, building an AI-resilient ecosystem, and reporting and measurement by labs and governments on AI's impact.
The missive has, however, polarised stakeholders, with mobile operators under COAI coming out in its support, while digital platforms under the aegis of Broadband India Forum expressing "serious concerns" around overreach and calling for a pause in implementation of timelines.
As many as 338 A320 family aircraft operated by Indian airlines require the software upgrade to address a potential issue related to flight controls, and modifications have been carried out in more than half of the affected fleet, according to DGCA data.
Delhi LG V K Saxena has directed police to maintain a digital record of entities purchasing and selling ammonium nitrate and to undertake rigorous security audits of busy markets and ISBTs, days after a blast near the Red Fort.
The Competition Commission of India (CCI) on Monday told the National Company Law Appellate Tribunal (NCLAT) that no internet intermediary could come close to WhatsApp in terms of revenues as well as assets.
The FBI further revealed that Jabbar was wearing a pair of Meta glasses when he conducted the attack on Bourbon Street but he did not activate the glasses to live stream his actions that day.
With a confident new generation of innovators, India now has the scale and self-belief to shape its own digital destiny marked by creation, observes Ajay Kumar chairman, UPSC.
"All they have done in their entire report is privacy regulation," counsel appearing for WhatsApp told the appellate tribunal.
Initially, the lure of a big paycheck may feel rewarding. But, over time, professionals find themselves drifting away from family, friends and personal joys, observes Pradeep Pramanik.
After the Competition Commission imposed a Rs 213-crore penalty on Meta in relation to WhatsApp privacy policy, the company said it disagrees with the watchdog's decision and plans to appeal. The Competition Commission of India (CCI) on Monday asked WhatsApp to refrain from sharing user data with other applications, owned by Meta, for advertising purposes for a period of five years.
Tata Consultancy Services (TCS), Cognizant and eight other major corporations have been questioned by US Senators for filing thousands of H-1B skilled labour visa petitions after conducting "mass layoffs" of American employees.
Qualcomm is partnering with Indian firms like Lenskart to make smart glasses nearly as affordable as regular eyewear.
Jio Platforms Limited is likely to have a valuation of $148 billion by the time it goes public on the back of strong free cash flow and potential deleveraging, ICICI Securities said.
Eyewear major Lenskart is gearing up to launch its first pair of AI-powered smart glasses by the end of December, marking a step towards positioning itself as a technology-led lifestyle brand, according to people familiar with the matter.
'The danger is that when the music stops, the fall will be sudden, faster, and deeper than anyone expects,' warns Debashis Basu.
'When AI comes in, coders in Bangalore or Hyderabad will lose their jobs.'
With 18,000 employees already, NatWest eyes 3,000 engineers in India by next year to strengthen its AI and data capabilities.
'More and more people from the middle class will become self-employed gig workers mostly working from home, rather than as office workers with salary, promotion, bonuses, etc.'
'The battle for brain power among Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia and Tesla and newer AI companies is fierce.' 'Given the race for AI with China, these companies will find it hard pressed to fill that talent gap,' notes an IT professional based in the US.
More Indians are choosing trips based on beauty rituals, skincare treatments and access to cult products.
The maestro is all set to launch Secret Mountain, an AI-powered band on the Metaverse.
...compared with 153,000 in all of 2024.
The government is going to bring a regulation on deepfakes soon that will take help of technology for efficient implementation, Union electronics and IT minister Ashwini Vaishnaw said on Saturday.
ICICI Securities expects Jio Platforms' ensuing IPO to fetch "premium valuations", as was the case in the high-profile equity raise of FY21, and has pegged the company's equity value at $148 billion by September 2027.
The Delhi High Court has protected the personality and publicity rights of filmmaker and producer Karan Johar by restraining several websites and platforms from illegally using his name, image and persona for commercial gains.
Social media company Meta AI saved the life of a woman who was attempting to end life in Lucknow, as she was allegedly upset over being abandoned by her husband, a police official said.
'Amazon, Meta, Google, Microsoft have large operations in India and rely on smooth trade and data flows.' 'Restrictions could raise their costs, limit AI chip exports, and complicate their India strategies.'
The Delhi high court on Wednesday issued summons to actor Shah Rukh Khan-owned Red Chillies Entertainment and OTT platform Netflix on a defamation suit filed by Indian Revenue Services (IRS) officer Sameer Wankhede for allegedly maligning his reputation in their series The Ba***ds of Bollywood.
'India needs at least 70,000 to 80,000 eyewear stores; our 2,000 stores are just a drop in the ocean.'
Taking hoax bomb-threat messages and calls seriously, the government has started identifying those behind the menace and asked social media platforms like Meta and X to share data on such messages, sources said.
The magnitude of the new H-1B visa application fee for fresh petitions - math of which works out to USD 500 million in case of 5,000 filings - may nudge IT companies to expand offshore delivery or increase local hiring, according to Motilal Oswal Financial Services.
'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'
The Delhi High Court questioned IRS officer Sameer Wankhede over the maintainability of his defamation suit against Shahrukh Khan, Red Chillies Entertainment, and Netflix for allegedly maligning his reputation in their series 'The Ba***ds of Bollywood'.
After the success of bringing businesses to WhatsApp, Meta - its parent - is now introducing ads and subscriptions to Status and Channels under the Updates tab of the messaging app, the company said on Monday. This move will further push its monetisation efforts on WhatsApp.
Mark Zuckerberg unveiled the next generation Wayfarer style Meta Smart Glasses at the company's headquarters in Menlo Park, California, September 27, 2023.
Within weeks of announcing his exit as executive chairman of the global software-as-a-service (SaaS) company Freshworks, its founder Girish Mathrubootham appears to be on an investment spree.