IN-SPACe director Vinod Kumar NEW DELHI: Space promoter and regulator IN-SPACe on Wednesday announced an AI inspired seed fund scheme of Rs 6 crore for startups or people interested in developing AI applications in the space sector.The seed fund initiative is aimed at accelerating AI-driven innovation across India’s private space ecosystem through targeted financial and…
Divided Federal Reserve officials at their January meeting indicated that further interest rate cuts should be paused for now but could resume later in the year only if inflation cooperates. While the decision to hold the central bank’s benchmark rate steady mostly was met with approval, the path ahead appeared less certain, with members conflicted…
Union commerce minister Piyush Goyal on Wednesday dismissed investor concerns over the future of India’s IT sector as “ridiculous”, stressing that technology firms will play a central role in the growth of artificial intelligence.Speaking at the GEC event and responding to recent investor concerns, Piyush Goyal said, “Of late, I’m seeing in the stock market…
Ethereum has crossed a symbolic threshold, with more than half the total ether (ETH) issued now held in its proof-of-stake (PoS) contract for the first time in the network’s 11-year history, Santiment said in a post on X that has been met with criticism. The onchain analytics firm on Tuesday said that 50.18% of all…
IT secretary S Krishnan (ANI image) NEW DELHI: IT secretary S Krishnan on Wednesday said that exhibitors at the AI Impact Summit must not display items that do not belong to them, as a controversy continued over a Chinese-made robotic dog showcased by Galgotias University.“Exhibitors must not display items that are not their,” Krishnan said,…
Check out the companies making headlines before the bell. Nvidia — The chipmaker ticked up 2% after Meta expanded its partnership with Nvidia to use millions of the company’s AI chips, including standalone central processing units, for its data center build-out. The New York Times Company — The stock rose 3% after Warren Buffett’s Berkshire…
New Delhi, Markets regulator Sebi on Wednesday said it has formed a working group to undertake a review of the regulatory framework governing ESG Rating Providers (ERPs). The decision has been taken based on feedback received from market participants and stakeholders regarding the existing regulatory framework. The working group comprises representatives from issuers, investors/ ESG…
BitMEX co-founder Arthur Hayes says bitcoin’s BTC$68,168.18 recent 52% crash from its October all-time high is flashing a critical warning signal — but the crypto could ultimately soar to new records once the Federal Reserve responds to an AI-driven banking crisis he believes is imminent. In his latest essay, “This Is Fine,” Hayes argued that…
Ashwini Vaishnaw and Mahua Moitra NEW DELHI: The Modi government’s ambitious AI summit on Wednesday was overshadowed by controversy over Galgotias University’s contested displays of robotic exhibits, with Trinamool (TMC) leader Mahua Moitra calling the I-T minister Ashwini Vaishnaw to quit.Taking a sharp dig at the minister, who also holds crucial railway and information &…
September’s GST cuts had helped keep prices steady for a while, but now, almost six months in, the phase is ending. India’s consumer goods makers now increasing prices by up to 5%, as rising commodity costs and weak rupee put pressure on margins. The impact is now visible in stores this quarter, with distributors saying…
