ARTIFICIAL INTELLIGENCE IMPACT
India’s $280 billion IT services industry likely to face setback due to Trump administration’s reciprocal tariffs
The US government’s latest moves are however set to delay or derail a recovery for the IT services sector with revenue growth likely to have declined as much as 1.3% sequentially in the March quarter.
Consulting giant BCG hires 1,000 staffers amid boom in AI work
Boston Consulting Group’s revenue rose 10% to $13.5 billion in 2023, driven by booming AI-related services, which now account for 20% of its income. Headcount grew by 1,000 to 33,000. BCG expects increased dealmaking and post-merger work as economic conditions stabilise.
Assam teams up with IIT Guwahati for AI/ML skill training for construction workers' families
Assam Building & Other Construction Workers' Welfare Board has partnered with IIT Guwahati for a skill development program in AI and ML. The initiative will train 100 candidates from registered construction worker families in high-demand digital skills, fostering self-reliance. The program emphasizes inclusive education and practical experiences to empower Assam's youth and enhance their livelihood opportunities.
Circular economy: The synergistic role of SDGs, blockchain, and Industry 5.0
Adopting a circular economy for resilience is driven by the push for sustainability. SDGs, blockchain, and Industry 5.0 are pivotal in enabling this transition, integrating environmental and economic goals through responsible management, human-centric innovation, and transparency. Collaboration ensures a sustainable future.
'Shark Tank needs change': Piyush Goyal has a strong message for sharks like Aman Gupta, Anupam Mittal, Namita Thapar
Commerce and Industry Minister Piyush Goyal urged Indian startups to prioritize high-tech industries over short-term delivery services. He emphasized investment in sectors like artificial intelligence, robotics, and machine learning, and called for more domestic capital to support long-term stability in the startup ecosystem.
AI to write 95% of code in five years: Microsoft CTO Kevin Scott
However, people will still be crucial for the creative and problem-solving parts of software development. Top-tier developers will use AI as a force multiplier to enable them to operate with greater efficiency and scope, he pointed out.
Nvidia, TSMC, chip stocks crash as Trump’s new tariffs shake semiconductor industry – How will rising costs and supply chain disruptions impact AI and tech companies?
Nvidia, TSMC, and chip stocks took a major hit after President Trump announced new reciprocal tariffs on key semiconductor-producing countries. With China facing a 54% tariff, Taiwan 32%, and Vietnam 46%, the cost of AI servers and GPUs is expected to rise, impacting demand. While Trump pushes for U.S. chip production, analysts say manufacturers aren’t shifting operations. Nvidia, AMD, and TSMC stocks plunged, reflecting market concerns. Despite the turmoil, some believe AI chip demand may stay strong. What do these tariffs mean for tech companies and investors?
AI could impact 40% of jobs worldwide: UN
The global AI market is expected to be worth $4.8 trillion by 2033. This growth could affect 40 percent of jobs worldwide and widen existing inequalities, according to a UN report. Developing economies may be less able to benefit. The UN emphasizes investing in digital infrastructure, building capabilities, and involving all countries in AI governance.
AI could impact 40% of jobs worldwide: UN
The global artificial intelligence market is projected to reach $4.8 trillion -- roughly the size of Germany's economy -- by 2033, the UN said Thursday, warning nearly half of jobs worldwide could be affected. And by 2033, AI will be the leading technology in this sector, with an expected value of $4.8 trillion, it showed.
India need not fear AI-driven job losses as workforce adapts: IT secy S Krishnan
Indian AI startups raised $747 million in 2024, down 26% from the previous year, but the number of deals in the segment increased to 121 from 78 in 2023, as per data from Venture Intelligence.
India will navigate through the tariff challenges: Bernstein
India is set to handle tariff challenges through negotiations with the US, says Bernstein. Prior efforts, including a Bilateral Trade Agreement and tariff reductions on some American products, have paved the way. Despite short-term market negativity, proactive measures and the nature of India's export basket ensure shielding from long-term impacts.
Trump's new tariffs test Apple's global supply chain
With Trump’s return, Apple faces new tariffs: 46% on Vietnam, 26% on India, and a rise from 20% to 34% on China imports. This threatens Apple’s global supply chain, hitting profits hard. The company’s diversification efforts may backfire as costs rise and production shifts face new challenges.
Forget 70 hour work-week. Why Bill Gates thinks a 2-day work week is coming in next 10 years
Bill Gates predicts that advancements in artificial intelligence could reduce the standard workweek to two days within the next decade. He envisions AI significantly lessening human labor needs, particularly in healthcare and education, by providing high-quality services. Gates anticipates AI could transform various sectors, raising discussions about the future of employment and productivity.
If AI doesn't kill your company, it will make it stronger, study shows
Its authors, who used data from the US Census Bureau and surveys covering the period between 2017 and 2021, found early adopters of AI in the manufacturing sector saw their productivity drop as they replaced human workers with robots.
AI will cut your workweek to 2 days, says Bill Gates—but warns it may shrink your paycheck too!
Bill Gates predicts that in the next decade, artificial intelligence (AI) could drastically change the workforce, reducing the traditional workweek to just two or three days. As jobs evolve and AI handles more tasks, society will need to rethink how people spend their time. Gates suggests this shift could improve productivity, combat burnout, and even boost birth rates. However, the future of work remains uncertain, leaving room for both challenges and opportunities.
Bill Gates’ startling AI prophecy: Humans won’t be needed ‘for most things' in 10 years
Bill Gates predicts that within a decade, AI will advance to the point where humans are no longer needed for most tasks. He emphasizes that AI will make expert knowledge widely accessible and affordable, reshaping medical, educational and other fields. However, concerns about job displacement and misinformation persist. Gates encourages young innovators to embrace AI’s potential.
Delhi govt schools to introduce courses on moral values, AI
Delhi schools will soon introduce a new course called Science of Living, encompassing yoga, mindfulness, and elderly care for students from kindergarten to class 10. Additionally, new courses in Artificial Intelligence, entrepreneurship, and practical governance knowledge are being developed to enhance students' skills and readiness for a tech-driven world.
US adds export restrictions to more Chinese tech firms over security concerns
The Trump administration added 80 companies, mainly Chinese, to a list barring them from purchasing American technology due to national security concerns. This includes Nettrix, linked to Sugon, accused of circumventing restrictions on advanced chips. The move targets entities aiding China’s military, AI, and quantum technology advancements.
Load More
