Author: News Desk

SoftBank Group’s Chief Executive Officer, Masayoshi Son, is reportedly in talks to mobilise a staggering $100 billion for a new chip venture, aiming to pose a significant challenge to Nvidia Corp, according to Bloomberg News sources. Dubbed “Izanagi,” the project is set to focus on the production of semiconductors crucial for powering artificial intelligence (AI) technologies, Bloomberg’s report unveiled. Sources suggest that SoftBank plans to inject $30 billion into the venture, with the possibility of an additional $70 billion investment from various Middle Eastern institutions, as per the same report. As of the time of reporting, SoftBank has not responded…

In a development poised to transform Odisha’s industrial landscape, Odisha Chief Minister Naveen Patnaik, alongside JSW Group Chairman Sajjan Jindal, initiated the construction of a groundbreaking steel plant in the state. Visionary Investment Ventures Under the leadership of Sajjan Jindal, the JSW Group has announced plans to inject a monumental ₹65,000 crore into the establishment of an integrated steel manufacturing complex in Paradip, Odisha. This ambitious endeavour encompasses the construction of a steel plant boasting an impressive capacity of 13.2 million tonnes per annum (mtpa), along with a cement factory, and essential ancillary facilities such as captive power and cargo…

In the recent India vs. England 3rd Test in Rajkot, veteran spinner R Ashwin achieved a remarkable milestone by becoming the fastest Indian bowler to claim 500 wickets in Test cricket, achieving this feat in just 98 matches. His 500th wicket came with the dismissal of Zak Crawley. Ashwin now stands as the only Indian bowler, following the legendary Anil Kumble, to accomplish this milestone. Kumble holds the record for the highest number of wickets taken by an Indian bowler in Test cricket, with 619 scalps to his credit. At 37 years old, Ashwin joins Sri Lanka’s Muttaiah Muralidaran as…

During a recent earnings call on February 14, Hiroki Totoki, President, COO & CFO of Sony, expressed optimism regarding the company’s future plans in India. He confirmed that although the merger of Sony’s Indian arm with Zee has been terminated, Sony remains committed to the Indian market. “India on a long-term basis has great growth potential. It’s a very appealing market. Therefore, we will try to seek various opportunities and if we can find another opportunity that would replace this type of plan,” said Totoki. Despite the termination of the proposed merger with Zee, Sony is dedicated to pursuing growth…

Byju’s, an edtech company, along with several former employees, was called upon by the Karnataka government to engage in a conciliation meeting on Friday. This action comes in response to complaints filed by ex-staff members regarding outstanding payments. The Karnataka labor department received numerous emails from former employees citing delays in receiving their full and final settlements post-termination. Subsequently, a notice was issued mandating both the company and the concerned employees to attend a meeting to address these grievances. Non-compliance could lead to legal repercussions, as specified in the notice issued in Kannada. A senior official from the labor department…

OpenAI, the innovative minds behind ChatGPT, have unleashed their latest creation onto the digital landscape: Sora. This cutting-edge AI model is causing ripples of excitement across the internet for its mind-blowing ability to transform simple text prompts into fully realised one-minute videos. Dubbed Sora, this revolutionary AI has been developed with the aim of comprehending and simulating the dynamics of the physical world in motion. The OpenAI Sora blog elucidates, “We’re teaching AI to understand and simulate the physical world in motion, with the goal of training models that help people solve problems that require real-world interaction.” The unveiling of…

Hero MotoCorp, one of India’s leading motorcycle manufacturers, has officially introduced its latest offering, the Maverick 440, to the Indian market. Following its unveiling last month, the motorcycle is now available for purchase, with prices starting at Rs 1.99 lakh for the base model and reaching up to Rs 2.24 lakh for the top-tier variant, excluding showroom costs. Variants and Booking Options The Maverick 440 is offered in three distinct variants: Base, Mild, and Top. Prospective buyers can secure their purchase by pre-booking the motorcycle through authorized dealerships or online via Hero’s official website. Deliveries are slated to commence from…

After a seven-year hiatus, global pop sensation Shakira is set to make her highly anticipated comeback with her latest album, “Las Mujeres Ya No Lloran” (Women Don’t Cry Anymore), scheduled for release on March 22. Alchemical Creation Process In a statement, Shakira described the making of the album as an “alchemical process,” highlighting the transformative journey she underwent while crafting each song. “While writing each song I was rebuilding myself. While singing them, my tears transformed into diamonds, and my vulnerability into strength,” she expressed, as reported by Variety. Comprising 16 tracks, including eight new songs and a remix, “Las…

The International Financial Services Centre Authority (IFSCA), the regulatory body in Gift City, Gujarat, has introduced new regulations for fintech firms seeking to offer payment services within the tax-free zone. Under these regulations, Payment Service Providers (PSPs), also known as Merchant Service Providers, are now required to obtain a separate license from IFSCA in addition to their existing authorization from the Reserve Bank of India (RBI). PSPs play a crucial role in facilitating online payments for businesses, offering various methods such as online banking, credit cards, debit cards, e-wallets, and cash cards. Published on February 1, the 18-page gazette outlines…

Artificial Intelligence (AI) stands as a transformative force driving innovation across various sectors. However, despite the significant strides made, there are lingering inhibitors hindering widespread AI adoption, particularly in large organisations. A recent study commissioned by IBM sheds light on the prevailing challenges and the imperative for action in 2024 to overcome them. The ‘IBM Global AI Adoption Index 2023’ reveals a promising trend in India, with nearly 59 percent of large enterprises actively leveraging AI within their operations. These early adopters are spearheading AI integration, with 74 percent having intensified their investments in AI over the past two years,…