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This diverse engineering talent pool, combined with their practical experience in AI, has made India a fertile ground for MNCs looking to leverage AI, says Sirisha Voruganti, CEO & MD of Lloyds Technology Centre in India. “AI is going to help us solve many, many problems. And most of these companies, for example in the retail and banking sector, are looking to leverage AI to understand things like customer behaviour better.”

Apple: The Japanese government plans to integrate peoples tax and social security data into a single identification card to boost administrative efficiency.

Quantum Computing: Tech firms such as Microsoft, Alphabets Google and IBM as well as nation-states across the world are racing to create machines that can take advantage of quantum mechanics and potentially be capable of making scientific calculations that would otherwise take traditional computers millions of years.

Depending on the adoption pace of technology such as generative artificial intelligence (AI), which is fueling the expansion of data centers, and the energy efficiency of new centers, the estimated annual growth rate of electricity use by the industry ranges from 3.7% to 15% through 2030, the institutes analysis said.

Meta found likely AI-generated content on Facebook and Instagram, including comments praising Israels handling of the Gaza war. The content was attributed to a Tel Aviv-based political marketing firm, STOIC.

OpenAI is developing GPT-5, the next large language model, expected to enhance capabilities towards Artificial General Intelligence (AGI). The model is undergoing rigorous training and testing processes internally before its anticipated mid-year launch.

Samsung overtook Xiaomi for the first time in the March quarter to become the leading player in the smart TV segment, followed by LG and Xiaomi, Counterpoint noted. The shipments of Chinese brands like OnePlus, Haier, and Realme fell by 30% year-on-year.

Starlinks services were down for about an hour earlier today, affecting 41,393 users, according to outage tracking website Downdetector.com.

Amara Raja Batteries: The revenue for FY24 stood at INR 11,260.30 crore compared to INR10,389.71 crore during FY23. The earnings per share (EPS) for FY24 was at INR 49.49.

Difacto Funding: Bengaluru-headquartered Difacto will use the funds to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up.