Swiss President Guy Parmelinbacks a governance framework for AI that does not rely on a single instrument and calls for societal norms that guide users. Excerpts from an interview with TOI:How should countries deal with AI regulation? Is there a need to have a new agency? Will a regulatory set up stifle innovation and development…
Air India’s operational turnaround is showing early results, with fleet reliability improving and spare parts availability rising as the airline advances its transformation plan, CEO Campbell Wilson said on Thursday.Speaking during a town hall with employees, Wilson said operational resilience remains a key focus area for the Tata Group-owned carrier and that enhanced fleet reliability…
Baglihar Hydroelectric Power Project Dam on the Chenab river SRINAGAR: Operations were suspended at the 450MW stage 1 Baglihar hydropower project on the Chenab river in Jammu and Kashmir after it got flooded two days ago.As water entered the project’s machine room, engineers immediately halted power generation to prevent damage to critical electro-mechanical components. The…
A drop in US mortgage rates is offering early encouragement to prospective homebuyers ahead of the crucial spring homebuying season, even as borrowing costs continue to hover near the 6% mark.The average rate on a 30-year fixed mortgage declined to 6.01% this week from 6.09% a week earlier, mortgage buyer Freddie Mac said Thursday, AP…
Eric Trump doubled down on his $1 million price prediction for bitcoin BTC$67,000.48 and said he has never been more bullish during the World Financial Forum that took place in Mar-a-Lago. President Donald Trump’s younger son doubled down on his long-term optimism for bitcoin, calling it “one of the greatest performing asset classes” of the…
Vice President CP Radhakrishnan with Congress MP Shashi Tharoor (Image/X) NEW DELHI: Vice President CP Radhakrishnan on Thursday lamented that contributions of Indian philosophers and social reformers like Sree Narayana Guru have not been adequately recorded in international languages, which has created a gap in global academic discourse.Releasing a book on Narayana Guru by Congress…
NEW DELHI: India will play a “central role” in shaping both the opportunities and safeguards around advanced artificial intelligence, Anthropic CEO Dario Amodei said on Thursday, as the company announced its India expansion.Anthropic has opened an office in Bengaluru and appointed Irina Ghose as managing director for India. The company also said it has entered…
A research paper at the U.S. Federal Reserve praised the usefulness of prediction markets — specifically looking at Kalshi — in getting a real-time handle on economic policy. “Kalshi’s forecasts for the federal funds rate and [the U.S. Consumer Price Index] provide statistically significant improvements over fed funds futures and professional forecasters, all while providing…
NEW DELHI: The Election Commission on Thursday asked 22 states and Union Territories including Delhi to complete preparatory work related to the Special Intensive Revision (SIR) at the earliest as the exercise is “expected to start from April”.Once the exercise is completed, all states and UTs will be covered.In a letter to the chief electoral…
Check out the companies making the biggest moves in premarket trading: Walmart — The big-box retailer shed 3.7% after its full fiscal year outlook fell short of expectations. Walmart said it anticipates net sales will increase by 3.5% to 4.5% and adjusted earnings per share to range from $2.75 to $2.85. Analysts polled by LSEG…
