Parliamentary panel summons bank officials tech giants over cyber security and threat on July 4

The subject for the meeting is 'Cyber security and rising incidence of cyber/white collar crimes.'

from Tech-Economic Times https://ift.tt/OVzwgJ2

AMD's AI chips could match Nvidia's offerings says software firm MosaicML

Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI services that have swept through the technology industry in recent months. The popularity of those services has pushed Nvidia's value past $1 trillion and led to a shortage of its chips that the Nvidia says it is working to resolve.

from Tech-Economic Times https://ift.tt/Q6ZdWrn

Heart goes out to team members who are facing downsizing: Byju Raveendran writes to staff

Byju's has undertaken multiple rounds of layoffs amid uncertainty around the company's cash position and overall slowdown in its business post the Covid-19 bump up.

from Tech-Economic Times https://ift.tt/bdu3Pih

AI company Runway valued at $1.5 billion in latest funding

Runway's software allows users to transform or tweak existing videos or create new videos by using text prompts or images. The company also launched a mobile app earlier this year, giving its users access to its generative AI tools.

from Tech-Economic Times https://ift.tt/V2DeHwy

Infosys growing on a solid foundation says Nilekani; Byjus awaits entire amount from Davidson Kempner

Indian tech services bellweather Infosys is not only growing on a “solid foundation” on the back of large deal wins, but is equally poised to harness opportunities despite global macroeconomic challenges, non-executive chairman Nandan Nilekani said at the firm’s 42nd Annual General Meeting.

from Tech-Economic Times https://ift.tt/bk0FH3v

Google open-sources Indian speech data location information

Google unveiled a slate of AI tools and technologies for India to support innovation among local developers during its's first-ever Google I/O connect for developers in India in Bengaluru on Wednesday.

from Tech-Economic Times https://ift.tt/oaqb5Kd

Activision Blizzard's CEO Bobby Kotick defends Microsoft's takeover of the video game-maker

Bobby Kotick told a federal judge in San Francisco Wednesday that there's no incentive to deprive Microsoft gaming rivals like Sony of the popular Activision game Call of Duty, because such a move would alienate the franchise's devoted fanbase.

from Tech-Economic Times https://ift.tt/9xgbykQ