Page 4 - Technology Industry

US tech industry can't survive without Indians: SVC Chamber of Commerce CEO

Indians are one of the largest leaders of innovation in Silicon Valley and America's tech industry cannot survive without them, the CEO of the Silicon Valley Central Chamber of Commerce has said. I don't have the new figures, but what matters is that we (Indians) are such impactful contributors," Harbir K Bhatia told PTI in an interview. India(ans) are one of the largest leaders of innovation in Silicon Valley. At one point, the data was collected (according to which) 40 per cent of Silicon Valley CEOs or founders were from South Asia or India. That is so huge, she said. Located in Santa Clara, the hub of Silicon Valley, the Chamber of Commerce is made up of a group of visionary business leaders from multiple cities that help grow and shape the future of Silicon Valley. "Here you get to bring your whole self to work and have the opportunity to be creative, to be all that you want to be without the worry of your colour, of your skin, the religion you practice, the cast, the culture

Plans afoot to organise Kolhapuri chappal trade but it's a slow start

Though the Kolhapuri chappal trade is robust, the industry remains largely unorganised and finds it challenging to meet demand

Big Four adopt tech, hire more to meet rising risk advisory demand

Deloitte, KPMG, PwC and EY say business feel greater need for regulatory compliance after the coronavirus

Care Ratings upgrades Axiscades long-term bank facilities at 'CARE A-'

Engineering solutions provider Axiscades Technologies Ltd (ACTL) on Thursday said Care Ratings has upgraded its ratings on the company's long-term bank facilities, on account of factors, including improvement in capital structure and stable operational performance. "Care Ratings has upgraded its long-term bank facilities at CARE A- with a stable outlook and short-term facilities at CARE A2+ from CARE BBB+ - stable and CARE A2, respectively," Axiscades Technologies said in a statement. The ratings agency has taken into account factors like improvement in the capital structure of the company following a fundraise of Rs 203 crore in January, stable operational performance in the April-December period of FY24 among others while upgrading the ratings, the statement said. Of Rs 203 crore, the company earmarked Rs 158 crore for debt repayment while the balance Rs 45 crore is for utilisation towards general corporate purposes. ACTL CEO and MD Arun Krishnamurthi said, "This upgrade reaffirm

2 digital registries will do away with need to carry academic certificates

Two programmes are doing away with the need for students to carry around their academic certificates. The initiative will also help employers in verifying documents

Heat maps, virtual assistants: Malls ramp up AI use to track business

Technology helps them in knowing footfall and where visitors are flocking to

Amazon's 'just walk out' checkout tech was powered by 1,000 Indian workers

As many as 1,000 workers in India were required to review what the customers picked up, and ultimately walked out with from Amazon's Just Walk Out-enabled stores

ChatGPT made more accessible, OpenAI drops account signup requirement

Launched in 2022, ChatGPT is a very popular AI trained model, known for its ability to interact in a conversational way

'We are leveraging AI and GenAI to build a strong cyber security defence'

Pallavi Katiyar, CIO, Tech Mahindra shares how the company is integrating AI and GenAI capabilities in its threat detection algorithms and more

Evolutyz's Unmaze 2023: Redefining Corporate Celebration and Appreciation

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Arista Vault Strikes Shark Tank Deal with Smart Travel Solutions

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Wipro announces collab with Intel Foundry for chip design innovation

The collaboration comes amid rising demand for artificial intelligence chip manufacturing, Wipro said

MIF partners with Rajasthan University to help youth build startups

The tieup with the Entrepreneurship and Career Hub (ECH) will provide youth with technology and support to help them build startups

Incentives for tech, infra needed to develop critical mineral sector: GTRI

Measures such as fiscal incentives, investments in technology and infrastructure, mining operations abroad and conducive regulatory environment are a must for developing India's critical mineral sector, a report by think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) said in its report that India is focusing on developing its critical mineral sector as it is vital for high-tech and renewable energy technologies. At present, India depends on imports, particularly from countries like China, Congo, Chile, Indonesia, South Africa, Argentina, Vietnam, US, Canada and Australia. Critical minerals such as lithium, chromium, cobalt, antimony, arsenic, barite, beryllium, bismuth, cesium, fluorspar, gallium, germanium, graphite, hafnium, and others are indispensable for modern technologies. They are integral to the manufacturing of various high-tech applications, including mobile phones, flat-screen monitors, wind turbines, electric vehicles (EVs), solar panels, drones,

Fulcrum Digital plans to hire 700 professionals across tech domain in 2024

Fulcrum Digital, a digital engineering and business platform company, plans to hire 700 people across multiple technology domains such as artificial intelligence (AI) this year, according to its chairman Rajesh Sinha. The company has also launched Ryze, a generative AI platform, which aims to simplify operations for businesses handling big databases. Positioned as a Software as a Service (SaaS) solution, Ryze aims to enable businesses to drive content generation, covering textual and visual mediums with precision and efficiency. Its integration of components including large language models, neuro readers, AI computing, and intelligent chatbots ushers a new era in AI-driven productivity and operational excellence, the company said. Sinha, Founder and Chairman of Fulcrum Digital, said, the company "aims to hire 700 employees in the calendar year 2024, across technology domains such as artificial intelligence (AI), data scientists, software developers, and more". These employees will

Tech corpus positive, hope for full telcos' wishlist consideration: COAI

The long-term, interest-free or low interest rate loans and focus on deep tech will further encourage the private sector to scale up research and innovation, according to COAI

Sarvam aims to shape India's GenAI landscape: Co-founder Raghavan

Focus on efficient models and unique needs of the country mark Sarvam's journey

KPIT Technologies Q3 results: Profit after tax up 50.6% at Rs 156 crore

KPIT's results are opposite to what some of the larger peers have reported. The firms strategy to focus on the auto segment is paying off

Microsoft Teams outage blocks access, limits features for some users

Microsoft Teams is experiencing an outage that has blocked access and limited features for some users. The issue began around 11 a.m. Eastern Time Friday and grew rapidly in scope, according to outage tracker DownDetector. Users have complained of an inability to access the service, delays in sending and receiving messages, and issues displaying graphics. Microsoft said in messages on X, the social network formerly known as Twitter, that it has identified a networking issue impacting a portion of the Teams service and had moved the affected processes to a backup system.

77% of Gen Z students shows interest in technology industry: Report

The technology industry in India continues to draw Gen Z students with 77 per cent of them showing interest towards the sector, a report by Nasscom-Indeed said. Millennials and Gen Zs constitute around 90 per cent of the tech workforce in India enabling higher generational diversity and driving a shift in preferences. "Learning and Growth and Culture and Ethics are the top criteria for both Millennials and Gen Z when selecting an organisation, highlighting the employers' continued focus on skilling and upskilling to navigate the current work environment and develop their desired career paths," the Nasscom-Indeed Future of Work report 2024, which was released on Monday, said. "The technology industry in India continues to be the industry of choice for Gen Z students with 77 per cent... showing interest towards the industry," it said. The survey by Nasscom and Indeed involved 185 employers and over 2,500 individuals from current and future workforces. As much as 84 per cent of ...