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open-source AI regulations: BigTech lobbying to derail open source GenAI: DeepLearning AI's Andrew Ng

“If the attempts to squash open-source software succeed, almost all nations will simply be losers…the United States as well,” Andrew Ng, founder of DeepLearning AI, told delegates Wednesday at the Nasscom Technology and Leadership Summit in Mumbai.
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fintechs: Troubled fintech firms await govt word on MDR subsidy allocation

While the allocation of funds typically happens between December and January, this year the allocation announcement is still pending, industry insiders said. With the general elections round the corner, the industry is worried that the allocation and the subsequent disbursal of funds could be further delayed.
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HCLTech: HCLTech, Intel Foundry expand collaboration for global semiconductor innovation

The partnership brings together HCLTechs design expertise with Intel Foundrys advanced technology and manufacturing capabilities to establish a resilient and diversified supply chain, marking a new era of innovation and excellence.
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Lenovo: China's Lenovo posts Q3 revenue growth, beats analyst estimates

Revenue started contracting in 2022 at the end of a boom in demand for PCs and other electronic products brought about by Covid-19. Lenovo then recorded five quarters of revenue decline, with analysts forecasting growth in the sixth.
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Nvidia: Nvidia's Q4 revenue, profit soar thanks to demand for its chips used for AI

Adjusted for one-time items, Nvidia earned $5.16 a share in the latest quarter, that topped Wall Street forecasts for $4.59 per share, based on analysts surveyed by FactSet Research. Analysts had expected revenue of $20.4 billion for the period that concluded the companys fiscal year.
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Prime Minister Narendra Modi Inaugurates Two Academic Complexes at IIT Delhi

New Delhi: The Hon'ble Prime Minister of India, Shri Narendra Modi, inaugurated the newly constructed Academic Complex East and Academic Complex West at IIT Delhiโ€™s Hauz Khas campus through video conferencing on Tuesday. This is the largest ever sing
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varaha funding: Climate-tech startup Varaha raises $8.7 million in funding round led by RTP Global

Climate-tech startup Varaha raises $8.7 million in funding led by RTP Global, with participation from Omnivore, Orios Venture Partners, and Norinchukin Bank. Varaha focuses on reducing carbon emissions in Indias agricultural sector and aims to expand globally, helping farmers through regenerative agriculture practices.
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X compliance: X disagrees with govt blocking orders for certain posts and accounts, but complies

Twitter said that in compliance with the orders, it will withhold the accounts and posts in India only on governments orders, but expressed its disagreement with the move, saying that freedom of expression should be extended to these posts.
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