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Rejecting AI like rejecting electricity: Altman
WORLD

Rejecting AI like rejecting electricity: Altman

Chapel Hill (North Carolina), Sep 2 — OpenAI Chief Executive Sam Altman has warned governments against shutting artificial intelligence (AI) out of their countries, comparing such a move to rejecting electricity and saying that AI adoption is essential for economic growth and improved public…

Countries must build their own AI capacity: Jensen Huang
WORLD

Countries must build their own AI capacity: Jensen Huang

Chapel Hill (North Carolina), Sep 2 — Every country must develop domestic artificial intelligence capacity and decide which parts of the rapidly expanding technology chain it wants to build, Nvidia chief executive Jensen Huang has said, warning governments against outsourcing all their intelligence…

AI will not wipe out jobs: Nvidia CEO
BUSINESS

AI will not wipe out jobs: Nvidia CEO

Chapel Hill (North Carolina), Sep 2 — Nvidia chief executive Jensen Huang has rejected fears that artificial intelligence will eliminate employment, arguing that the technology will automate tasks while allowing people and companies to pursue far greater ambitions.“The idea that somehow all the…

Friends' AI warning changed Anthropic CEO's career
BUSINESS

Friends' AI warning changed Anthropic CEO's career

Chapel Hill (North Carolina), Sep 2 — A conversation with friends more than a decade ago persuaded Anthropic Executive Tom Brown to leave engineering and pursue artificial intelligence (AI), beginning a journey that took him through OpenAI and eventually to the founding of Anthropic.Speaking during…

Build data centres to win AI race: Anthropic
BUSINESS

Build data centres to win AI race: Anthropic

Chapel Hill (North Carolina), Sep 2 — Anthropic Executive Tom Brown has urged G20 countries to clear the way for data centres, warning that shortages of power and construction labour have become the biggest constraint on the rapid expansion of artificial intelligence (AI). In a fireside…

RBI Governor meets US Fed chief Kevin Warsh at G20 meet
BUSINESS

RBI Governor meets US Fed chief Kevin Warsh at G20 meet

Asheville (US), Sep 2 — Reserve Bank of India Governor Sanjay Malhotra participated in the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Asheville, in the US state of North Carolina, engaging with global counterparts on key economic and financial priorities.The Governor also…

Uber to cut nearly 10 pc of workforce to focus on core business
BUSINESS

Uber to cut nearly 10 pc of workforce to focus on core business

New Delhi, Sep 2 — Uber Technologies reportedly plans to cut roughly 3,300 roles or about 10 per cent of its global workforce, as Chief Executive Officer Dara Khosrowshahi moves to cut management layers and redirect spending toward its ride‑hailing, delivery and robotaxi businesses.Khosrowshahi…

India emerges as key exporter of petrol to Russia
BUSINESS

India emerges as key exporter of petrol to Russia

New Delhi, Aug 30 — India has emerged as a key exporter of petrol to Russia, with shipments touching nearly 1 million barrels over the past two months as widespread Ukrainian drone attacks have crippled the country’s refineries, forcing Moscow to take recourse to imports to meet domestic demand,…

7 of top-10 firms lose Rs 1.13 lakh crore in market value
BUSINESS

7 of top-10 firms lose Rs 1.13 lakh crore in market value

Mumbai, Aug 30 — The combined market capitalisation of seven of India’s 10 most-valued companies declined by around Rs 1.13 lakh crore last week, tracking a weak trend in the broader equity market. Bharti Airtel and Reliance Industries were the biggest laggards during the period. The benchmark…