Over the last 56 years, the capabilities of young Indians and their startups has become unquestionable among global investors, minister of state for IT Rajeev Chandrashekhar said on Saturday while speaking at the ninth edition of The Economic Times Startup Awards (ETSA) in Bengaluru.

Publication: The Times of India

A host of online gaming companies have been slapped with exorbitant show cause notices over the past couple of weeks. The Central government has clarified to states that the Goods and services tax (GST) on online gaming companies is not being levied retrospectively, since the law remains the same as certain online games that involved betting always attracted 28 percent GST.

Publication: MoneyControl

Propelled by digital transformation India is emerging as a global hub for technology and innovation, with its IT sector playing a pivotal role. But despite the healthy support, Indian IT services industry witnessed a softening demand, a 3.5 per cent growth in FY 2024, significantly lower than 9.2 per cent YoY growth in FY 2023, according to a recent ICRA report.

Publication: Business Standard

At issue is RISCV, pronounced risk five, an opensource technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings. RISCV can be used as a key ingredient for anything from a smartphone chip to advanced processors for artificial intelligence.

Publication: The Indian Express

Earlier this week, Wang said during a hearing in Taiwan s Legislative Yuan that the four companies only provided low end factory services, such as wastewater treatment and environmental protection and did not provide any critical services to Huawei, the reports said.

Publication: ET Telecom

The AI, developed by researchers at The University of Texas at Austin, was trained to detect statistical bumps in real-time seismic data that researchers had paired with previous earthquakes.

Publication: The Statesman

Convergence of AI with quantum computing promises to widen those roads into superhighways, enabling AI to tackle complex problems with ease. It is like AI on steroids

Publication: Financial Express

Karnataka industries minister MB Patil is in the US to attract investments into the state from companies operating in the semiconductor, aerospace and defence, auto/EV, space and medtech sectors. On Thursday, he held talks with the representatives of some of these firms.

Publication: The Economic Times

This is what we’re seeing with China’s recent advancements in semiconductors, which still trails Taiwan, South Korea and the US by many years.

Publication: Financial Express

India, which started pitching itself as an alternative to China only a couple years ago, is making an aggressive bid to catch up. It has closed a big $2.75 billion investment from Micron for an advanced therapy medicinal products (ATMP) plant, while the US semiconductor company, Advanced Micro Devices (AMD), has announced an investment of $400 million over 4 years in an engineering centre in Bengaluru.

Publication: Business Standard

Kaynes Technology , one of the leaders in Outsourced Semiconductor Assembly and Test (OSAT) and Testing, Marking and Packaging (ATMP) facilities, is setting up its OSAT and compound semiconductor manufacturing facility in Telangana with an investment of Rs.2,800 crores.

Publication: Free Press Journal

The tenth edition of the Vibrant Gujarat Summit will see seminars and discussions being held in areas including semiconductor manufacturing, green hydrogen, electric mobility, sustainable manufacturing, renewable energy, and industry 4.0, said CM Bhupendra Patel on Friday during his address at the curtain-raiser event in Delhi

Publication: Hindi Business Standard

Applied Materials announced an investment plan of USD 400 million spread over the next four years to set up an engineering centre in Bengaluru,

Publication: Udayvani

Growth divergence is expected between companies, with tier-1 IT sequential growth ranging from -1.4% to +2.2% and mid-tier IT sequential growth ranging from +0.9% to 3.8%,” it said

Publication: The New Indian Express

In March this year, the US cobbled up a multilateral pact with Japan and Netherlands to stop chip-making technology from going to China. Beijing has been assiduously pursuing measures to acquire such technologies from the US and Netherlands.

Publication: Deccan Herald

A few days ago, Google provided publishers a switch that would allow their websites to be available for the search engine crawler but not for training Generative artificial intelligence (AI) models such as Google’s Bard. By using the Google-extended tool, web publishers can control whether their content will be available only for search or for search as well as training the AI models that learn from such content

Publication: Hindi Business Standard

“Over the last 5-6 years, if there is a defining outcome of what we have done and what is now evident, is that the confidence amongst the world’s investors, consumers, companies, and enterprises about the capabilities that this generation of entrepreneurs bring to bear is unquestionable.

Publication: The Times of India

The future of ecommerce will be shaped massively by Artificial Intelligence (AI) and Machine Learning (ML), and these technologies will help in understanding consumer preference and predict consumer trends accurately, Kishore ThotaDirector, Product & Technology, India & Emerging Markets, Amazon India, told TNIE.

Publication: The New Indian Express

India’s startup industry is set to grow further as new-age companies generate not just jobs but also a multitude of solutions to drive efficiency in sectors like commerce, logistics, agriculture, education, and the like, said V Vaidyanathan, MD and CEO of IDFC First Bank, in his address at The Economic Times Startup Awards 2023 in Bengaluru.

Publication: The Economic Times

“We are certainly today in the league, Americans and Japanese sign agreements on electronics and semiconductors with us. I think the world now recognises that the future of technology will be shaped as much by Indian entrepreneurs and Indian minds as the American, Japanese or Koreans,” Chandrasekhar said at the ninth edition of the ET Startup Awards event on Saturday. He was responding to a question on how there is a greater acceptance of ‘Made in India’ technology products than before.

Publication: The Economic Times

These options have included building its own AI chip, working more closely with other chipmakers including Nvidia and also diversifying its suppliers beyond Nvidia.

Publication: The Economic Times

Google, Microsoft and various other companies also use it for secure logins. Google, for instance, supports passkeys on its Chrome browser, Android devices, and all Google accounts, including Gmail and Drive. Microsoft incorporates it through Windows Hello. Others such as Amazon Web Services, Facebook, Twitter, Netflix and many more, too have embraced this technology.

Publication: The New Indian Express