Page 14 - Tech Prowess News Today

Microsoft President Brad Smith revealed details of a deal with UAE-backed AI firm G42, potentially transferring AI technology components like model weights, prompting national security concerns.

The steep hike in US H-1B visa fees could spell bad news for Indian IT service providers and dent their pockets significantly, experts and industry insiders have warned.

The fee increase is happening as the agreements between cab companies Ola, Uber and BluSmart and the Bengaluru International Airport Ltd (BIAL) are up for renewal. The airport operator is paid a certain fee on every ride, as per these contracts. This charge is then passed on by the cab aggregators to their passengers as airport pickup fee.

Siva Ganesan, head, TCS AI.Cloud business unit told ET that upskilling of the workforce, reimagining core business processes, focusing on return on investments and conforming to regulatory needs are some of the challenges that organisations face with GenAI.

In a message sent to former employees Thursday, the company said it would not seek to cancel staffers equity that has vested if they spoke out about the company.

Mumbai-based angel investment firm Finvolve will look to back about 25-35 sector-agnostic startups with a minimum investment of Rs 25 lakh.

The government requested Tower Semiconductor to revise its proposal for a chip fab unit. The government seeks the Israeli company to collaborate with a technology partner boasting superior chip-making capabilities and the ability to manufacture using more advanced processes.

Single-walled carbon nanotubes (SWCNTs), which Bengaluru-based NoPo makes, have applications of a wide range, from EV battery manufacturing, where the material can improve energy density, to design of semiconductors.

Focusing on inside talent comes at a time when it has been dealing with exodus of senior leaders. This also comes after a period when Delaporte hired a lot of foreign citizens and expats at high salaries.

Wipro executive chairman Rishad Premji declined variable pay for the second consecutive year due to negative profit growth. He took a 20% pay cut, earning $769,456 in FY24. Former CEO Thierry Delaporte became the highest-paid IT sector CEO with $20.11 million in compensation for FY24, including a $11 million separation payment upon resignation.