Education on technology

A number of US big tech companies fell on Wednesday as Microsoft 's results signaled how the high-stakes battle for AI supremacy will cost the tech giants that have seen their shares rally in recent months on hype around the technology. Microsoft's shares fell 3.6 percent in early trading as the company laid out an aggressive AI-related spending plan, saying deeper investments in AI are required before gains trickle to the bottom line. Microsoft is set to shed about $100 billion (nearly Rs. 8,20,100 crore) from its market capitalization if the loses hold until close of trading. Its shares had gained 46.4 percent up to yesterday's close. "AI will generate a lot of revenue and earnings for such firms, but a lot of investors have been buying the rumor and now that we have earnings, they are taking profits," Paul Nolte, senior wealth advisor and market strategist for Murphy & Sylvest said. "There's still a lot of excitement around AI, but nobody qui...

A group of major automakers on Wednesday said they were forming a new company to provide electric vehicle charging in the United States in a challenge to Tesla and a bid to take advantage of Biden administration subsidies. The group includes General Motors , Stellantis , Hyundai Motor and its Kia affiliate, Honda , BMW and Mercedes Benz , brands representing about half of US vehicle sales but a small share of the EV market dominated by Tesla. The unusual coalition of competitors said the new joint-venture company would aim to become the leading provider of fast charging in North America with a target of rolling out 30,000 chargers, starting along major highways and in cities.  The automakers did not specify how much they would invest individually or collectively, but said they would be open to additional investment or participation from other companies, including outside the auto industry. A name for the venture was not announced. Tesla, which accounted for more than 60 pe...

Samsung has continuously raised the standards for foldable smartphones ever since it introduced its first Galaxy Fold smartphone. At its first-ever Galaxy Unpacked event in Korea, Samsung launched two new foldable smartphones in its Galaxy Z Fold and Flip series line-up that further cement the company's position in the smartphone industry. Samsung Galaxy Z Fold5 and Galaxy Z Flip5 offer a futuristic foldable smartphone experience in a slimmer and lighter form factor. One of the standout features is that the smartphone can help you capture stunning images without even using your hands, making for a more flexible and innovative camera experience. This, in Galaxy Z Flip5, can help your self-expression reach new levels. On the other hand, the enhanced multitasking experience on the Galaxy Z Fold5 raises the bar for productivity. Galaxy Z Fold5 lets you work, collaborate, and do a lot more on-the-go. Let's take a closer look at Samsung's latest foldable smartphones: Samsu...

India's digital public infrastructure plays on key aspects of scale and technology being centered around public interest, and is a "marvelous model" for what others can do as citizenship becomes a digitalised phenomenon globally, Nick Clegg, President of Global Affairs of Meta , said on Wednesday. Clegg spoke of how Meta and its apps like WhatsApp have leveraged various layers of India's digital public utilities including health (during COVID vaccination certificate downloads) and payments, and added, "We are at the moment working with commerce layer ONDC to see what more we can do and to make sure card payments and merchant payments are facilitated". He said that when it comes to DPI (digital public infrastructure) construct, it is India's scale and public interest philosophy of country "that has been so novel", he said. "...I think what is so clever about the construction of DPI is tech itself...it is the scale and this very importan...

Japan is pitching itself as the next big hotspot to incubate Web3 projects, revolving around cryptocurrencies, non-fungible tokens, blockchain gaming, and the metaverse. Despite regulatory uncertainty and the element of volatility linked to the sector, Japan is ready to host players working in the Web3 industry. Fumio Kishida, the Prime Minister of Japan, has expressed his excitement about the upcoming transformation of Internet as we know and use today. Web3 is the next iteration of the Internet, which will largely rely on blockchain networks rather than traditional data servers. “ Web3 is part of the new form of capitalism,” Kishida reportedly said in his keynote address for the WebX conference in Tokyo, Japan. The country is looking to generate employment numbers to help its citizens, as well as its economy, via Web3 projects. Kishida took the opportunity at the WebX conference to express his faith in Web3 to bring in solutions of several social issues along with itself. Her...

Alphabet's second-quarter profit exceeded Wall Street expectations on Tuesday and the Google parent announced that its long-time CFO, Ruth Porat, would assume a new role while the company sought a new finance chief. Alphabet's results were helped by steady demand for its cloud services and a rebound in advertising. The shares jumped 8 percent in after-hours trading. Shares of rival Microsoft were down slightly after it also reported results on Tuesday, while shares of Meta Platforms , a company also highly dependent on ad sales, rose as much as 2 percent. "Not only did Google deliver fantastic earnings per share, exceeding expectations at a time when investors were questioning its ability to keep up with other tech giants amid the AI frenzy, it also did so by a considerable margin," said Thomas Monteiro, senior analyst at Investing.com. "This strongly indicates that a new growth phase for the giant is likely underway." He added, "Google has finall...