AI TECHNOLOGY
Chip tech provider Arm narrows full-year forecast, stock plunges
Since Arm went public in 2023, it has more than tripled its market value as investors bet it would see a significant share of the artificial intelligence boom that propelled Nvidia to become the world's most valuable company.
OpenAI's Altman to stop in Abu Dhabi for MGX fundraising talks, sources say
OpenAI CEO Sam Altman is visiting the UAE to discuss raising $40 billion with Abu Dhabi's MGX, aiming to fuel AI development and compete with China’s DeepSeek, as the UAE invests heavily in AI infrastructure.
Australia bans DeepSeek AI program on government devices
A rising number of countries, including South Korea, Italy, and France, have expressed concerns over the application's security and data practices. Australia escalated the issue by banning DeepSeek from all government devices overnight, marking one of the harshest actions taken against the Chinese chatbot so far.
Sam Altman landing to find a spot for Open AI in India's big AI agenda
OpenAI's CEO, Sam Altman, will visit India on February 5th to meet government officials, tech entrepreneurs, and investors. This visit aims to position OpenAI within India's growing AI initiatives, including the IndiaAI Mission. Altman’s whirlwind trip to New Delhi is part of his tour, which also includes Japan, South Korea, the UAE, Germany, and France.
'DeepSeek shows there is still room for better AI maths'
Hiranandani Group leverages China's DeepSeek AI model, hosted in India, to offer free AI services to billions. This cost-effective approach challenges the notion that massive GPU investment is essential for AI leadership, offering a potential solution for India's AI ambitions.
SoftBank, OpenAI joint venture to offer AI for companies: Masayoshi Son
Japan's SoftBank Group will form a joint venture with US tech giant OpenAI to offer advanced artificial intelligence to businesses, SoftBank chief executive Masayoshi Son announced on Monday.
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DeepSeek gives Europe's tech firms a chance to catch up in global AI race
DeepSeek's emergence is changing the landscape for AI, offering companies access to the technology at a fraction of the cost, according to interviews with more than a dozen startup executives and investors. It also has the potential to push other AI companies to improve their models and bring down prices.
Difficult yet to predict DeepSeek's potential impact on power demand: Japan ministry
In late December, the government released a draft of its basic energy plan, a major policy document reviewed about every three years, projecting electricity generation would rise between 10-20% by 2040 and citing higher AI-driven usage.
Union Budget 2025: MeitY gets a 48% boost; PLI in electronics, IndiaAI Mission; cybersecurity main thrust areas
The majority of the increased allocation for the ministry of electronics and information technology (MeitY) reflected in the IndiaAI Mission, expanded production-linked incentive (PLI) schemes for both semiconductors and large-scale electronics manufacturing and IT hardware.
Trump and Nvidia CEO discuss DeepSeek, AI chip exports during meeting, source says
"I can't say what's gonna happen. We had a meeting. It was a good meeting," Trump said. The Friday afternoon meeting came as the government is set to further restrict AI chip exports this spring to ensure advanced computing power remains in the United States and among its allies, while looking for more ways to block China's access.
President Trump to meet with Nvidia CEO Jensen Huang at the White House
Nvidia had loudly protested a last-minute move by the Biden administration in January to expand AI chip restrictions beyond adversaries like China to more than 100 other countries, including Singapore. But it remains to be seen if Trump will follow through with or drop those proposed rules.
President Murmu lauds govt's AI mission
In her address to the parliament, the president outlined the government's vision to transform India into a global innovation powerhouse, with a strong focus on cutting-edge technologies.
Chinese state-linked accounts hyped DeepSeek AI launch ahead of US stock rout: report
The accounts involved in the effort, including those of Chinese diplomats, embassies and state media, amplified media coverage of the launch and promoted the idea that DeepSeek challenged US dominance in the AI sector, New York-based Graphika said in a report it provided to Reuters on Thursday.
Zerodha founder Nithin Kamath on govt's AI mission: Can't just buy GPUs and expect groundbreaking AI
Zerodha founder Nithin Kamath said India needs to shun its short-term thinking and play the long game, when it comes to AI. Lauding China for its economic and technological growth over decades, he said this is only the latest example for the superpower. He also supported that DeepSeek is open source.
US looking into whether DeepSeek used restricted AI chips
China's DeepSeek last week launched a free assistant it says uses less data at a fraction of the cost of US models. Within days, it became the most downloaded app in Apple's App Store and stirred concerns about United States' lead in AI, sparking a rout that wiped around $1 trillion off US technology stocks.
Server makers, data centres spot opening in DeepSeek's ascent
Indian server makers like Netweb, Anant Raj, and Micromax see a boom after the launch of DeepSeek R1. This cost-effective AI model is driving demand for their high-performance servers and AI systems, potentially boosting Netweb's AI server revenue to 18-20% in two years.
Microsoft shares slide 5% as cloud forecast, AI spending disappoint
Chinese rivals have recently claimed to produce competing AI technologies at lower costs than US rivals, sparking fears of a price war. For more than a year, Microsoft and its Big Tech peers have tested Wall Street's patience by plunking down huge amounts of cash in pursuit of profits from AI that have yet to satisfy investors.
Microsoft results disappoint investors wanting more from AI
The stock fell 2% even after quarterly revenue beat analysts' estimates, showing investors want better results from the hundreds of billions of dollars that Wall Street heavyweights have been spending to build AI data centers and infuse their products with the emerging technology.
Donald Trump signs executive order to boost US global AI dominance 'free from ideological bias'
It called for departments and agencies to revise or rescind all policies, directives, regulations, orders, and other actions taken under the Biden AI executive order that are inconsistent with enhancing US leadership in artificial intelligence.
ByteDance plans $20 billion capex in 2025, mostly on AI, sources say
ByteDance plans to invest over $20.64 billion in capital expenditure this year, mainly focusing on artificial intelligence infrastructure such as data centers and networking equipment. This spending aims to bolster AI capabilities both domestically and internationally, with significant investments in chipmakers like Huawei, Cambricon Technologies, and Nvidia.
Sify earmarks $5 billion to expand data hubs, add AI ops and GPUs
Sify Technologies plans to build smaller AI inferencing facilities in 20 tier-II cities as India is expected to be among the largest markets of AI services and inferencing rather than training, Vegesna said who is helming the only Indian company listed on Nasdaq besides Infosys.
Microsoft launches Copilot Chat for businesses to boost AI adoption
The free service, Copilot Chat, which uses OpenAI's GPT-4, lets users create AI agents using natural languages such as English and Mandarin for tasks such as market research, writing strategy documents and preparing for meetings.
AI Mission GPU tender bidders showcase their solutions to MeitY
The government initiative aims to make available 10,000 GPUs to support startups, researchers, students and academicians. Around 44%, or Rs 4,563.63 crore, of the Rs 10,371.92-crore ($1.25 billion) approved by the cabinet for the ‘IndiaAI Mission’ in March last year is reserved for providing compute capacity of more than 10,000 GPUs over five years.
Nvidia says new rule will weaken US leadership in AI
The new rule "threatens to derail innovation and economic growth worldwide," said Ned Finkle, vice president of Government Affairs, Nvidia. He also added that it would "undermine America's leadership." The rule, which is expected to be published on Monday, aims to tighten Washington's grip on artificial intelligence chip flows around the world.
OpenAI, Meta, Uber CEOs to attend Trump inauguration events
Several prominent tech leaders, including OpenAI CEO Sam Altman, Meta's Mark Zuckerberg, and Uber's Dara Khosrowshahi, plan to attend Donald Trump's inauguration. This reflects the tech industry's efforts to strengthen ties with the president-elect Donald Trump. The return of Trump to the White House has introduced new uncertainties for the fast-evolving AI market and the broader tech industry.
Taiwan chip giant TSMC says 2024 revenue rose 33.9%
TSMC reported a 33.9% rise in net sales for 2024, driven by strong demand for AI technology, exceeding its revenue forecast. The company is, however, grappling with geopolitical tensions and supply chain risks. The United States will award TSMC up to $6.6 billion in direct funding to help build "state-of-the-art facilities in Arizona."
Honeywell, NXP Semiconductors expand partnership to develop aviation technology
Honeywell and NXP Semiconductors announced an expanded partnership to develop AI-driven technology for aviation and autonomous flying. The collaboration will combine Honeywell's Anthem avionics system with chipmaker NXP's computing architecture to enhance flight planning, managing and autonomous flying. Vertical Aerospace, an eVTOL maker, will use Anthem to test its VX4 aircraft.
Trump announces $20 billion investment in US data centres
President-elect Donald Trump announced a $20 billion investment to build data centres across the US, backed by Emirati billionaire Hussain Sajwani, chairman of DAMAC Properties. This investment supports the rapid establishment of data centres critical for generative AI applications, aligning with similar initiatives from major tech companies, like Microsoft's $80 billion AI capacity expansion.
'Silent firing' on a rise with rapid technological advancement: report
Silent firing is becoming common as 10% of employers opt for layoffs due to technology. Over half of surveyed employees report exclusion and undue pressure from management. While 79% of employers prioritise upskilling, a divide remains on the reliance on AI. The impact of technology raises concerns about job relevance and employee morale.
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