Industrial Technology

Nvidia to replace Intel in three S&P Dow Jones indices by Nov 8

The company will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov. 8, S&P Dow Jones Indices said in a statement

New document shows OpenAI's transformation from nonprofit to $157 bn giant

Back in 2016, a scientific research organisation incorporated in Delaware and based in Mountain View, California, applied to be recognized as a tax-exempt charitable organization by the Internal Revenue Services. Called OpenAI, the nonprofit told the IRS its goal was to advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return. Its assets included a USD 10 million loan from one of its four founding directors and now CEO, Sam Altman. The application, which non-profits are required to disclose and which OpenAI provided to The Associated Press, offers a view back in time to the origins of the artificial intelligence giant that has since grown to include a for-profit subsidiary recently valued at USD 157 billion by investors. It's one measure of the vast distance OpenAI and the technology that it researches and develops has traveled in under a decade. In the application, OpenAI indicated it did no

Gujarat Toolroom Q4 results: Net profit jumps multifold to Rs 50 cr

Gujarat Toolroom Ltd (GTL) on Tuesday reported a multi-fold jump in consolidated net profit to Rs 50.29 crore for the March 2024 quarter, mainly due to higher income. Its net profit was Rs 73 lakh in the quarter ended March 2023, the company said in a regulatory filing. Total income surged to Rs 377.35 crore from Rs 1.64 crore in the year-ago period. Total expenses also rose to Rs 326.72 crore as against Rs 61 lakh a year ago. Ahmedabad-based Gujarat Toolroom is into manufacturing and assembling industrial machines and equipment. Last week, the company announced plans to foray into the green energy sector by acquiring 65 acres of land in Gujarat to set up a green energy project at an investment of Rs 572 crore.

Planning to set up public sector unit to provide tech: Salesforce India CEO

The US-based company is looking to tap various opportunities in the government sector in areas such as postal services, education, subsidies to the citizens and healthcare services, said Bhattacharya

Alternative fuel start-up Buyofuel raises Rs 11.5 cr in series A funding

The funds raised will be put towards expanding the company's services across geographies, development of product offerings as well as technology

New Tamil Nadu policy seeks Rs 75,000 cr investments in aerospace, defence

State targets 100,000 jobs in the sector as it seeks to be trillion-dollar economy by 2031

EvolutionX Debt Capital makes maiden investment in PharmEasy parent firm

Debt financing platform's investment amount was not revealed; it will make equity infusion later

New era of connected world

In next 10 years, the Internet of Things revolution will dramatically alter manufacturing sectors

IT major Infosys invests in drone maker IdeaForge

IdeaForge's unmanned aerial vehicle (UAV) have been widely deployed by the Indian Armed Forces for surveillance, crowd monitoring and rescue operations

L&T Technology ropes in IISc's CeNSE for nanotechnology research

Two sides will jointly work towards innovations in the areas of sensors and energy efficient systems based on nanotechnology

Reliance Industries ties up with GE to foray into industrial IoT space

RIL will use GE's Predix platform to provide industrial Internet of Things (IoT) solutions to customers in oil & gas, fertiliser, power, healthcare, telecom and other industries