Intel's decision to develop two chip-making plants in Magdeburg was hailed by Chancellor Olaf Scholz as the biggest-ever foreign investment in Germany but some economists said the subsidies would be better spent on education.
The Infosys cofounders’ statement come as big tech companies such as Meta, Google, Amazon and Google had laid off techies in the west in a move to cut down costs.
According to publication TechCrunch, the move comes as the company begins to phase out activities of its automotive business arm Olx Autos in several areas after a lengthy search for potential buyers and investors.
The company claims generative AI - algorithms such as ChatGPT that can be used to create new content including audio, text and simulations - will boost efficiency, accuracy and customer experience.
Tesla executives visited India and held talks with Indian bureaucrats and ministers last month on establishing a manufacturing base for cars, and also to make batteries in India.
Cisco said the latest generation of its ethernet switches, called G200 and G202, have double the performance, compared with the previous generation, and can connect up to 32,000 GPUs together.
The move puts HPE into direct competition with cloud computing providers such as Amazon.com, Microsoft Corp and Alphabet Inc's Google.
