CLOUD QUANTUM COMPUTING
Fridge hacks and finance attacks flag AI insecurity
The growing use of AI in cyberattacks could pose a major threat to the global economy, financial markets and critical infrastructure, according to a Reuters commentary by Mike Dolan.
Social media norms, AI, deepfakes, chips among others on review list of parliamentary panel in 2026-27
The development comes as several incidents of age-inappropriate content, circulation of child sexual abuse material (CSAM), and alleged censorship on social media have been reported widely.
What is the difference between buyout and layoff? Microsoft offers buyout to 60,000 employees; check what it means for workers
Microsoft buyout offer to 60,000 workers: Microsoft has introduced a Voluntary Exit Offer (VEO) for eligible employees in India, the US, Canada and the UK, with reports suggesting around 60,000 workers could qualify. The programme allows employees to leave voluntarily with financial support, unlike layoffs, where the company decides to cut jobs. The move comes as Microsoft ramps up AI investments while managing workforce costs.
RBI data centre to strengthen payment systems, cyber resilience
The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on third-party cloud providers. Prime Minister Narendra Modi also inaugurated a cybersecurity training institute, which will develop expertise in emerging technologies. The data centre will support critical systems like RTGS and NEFT for efficient financial transactions.
Tech Mahindra Q2 Results: Net profit jumps 33% YoY to Rs 1,586 crore; co declares Rs 15/share dividend, 1:1 bonus issue
Tech Mahindra Q2 Results: Along with the earnings, Tech Mahindra's board declared an interim dividend of Rs 15 per equity share of face value Rs 5 each, equivalent to 300%, for the financial year 2026-27. It also approved a 1:1 bonus issue, under which shareholders will receive one bonus equity share for every existing equity share held, subject to the applicable terms and conditions.
IBM to deploy India’s first quantum computer in Amaravati early 2027
The facility will focus on developing practical applications for quantum computing and helping Indian enterprises prepare their IT infrastructure for post-quantum cryptography.
India at defining moment, unique opportunity to shape exponential tech like AI: IBM India & South Asia MD
Indian enterprises stand at the threshold of transformation through AI and automation, with IBM emphasizing the crucial blend of real-time data and trust in these evolving systems. The ongoing collaboration with MeitY Startup Hub seeks to propel deep tech innovation among startups in India, fostering local technological excellence and offering access to vital mentorship and resources.
US stocks muted as tech weakness offsets energy gains; earnings in focus
The S&P 500 and Nasdaq saw slight declines on Monday, primarily due to weaker technology stocks. Strength in energy and communication services sectors provided some support to the markets. Oil prices reached two-week highs following significant geopolitical events in the Middle East. Major banks are set to report earnings this week, highlighting key economic indicators that will influence investor sentiment.
Piyush Goyal woos top US companies for investment
Commerce and Industry Minister Piyush Goyal has met various US firms in New York to discuss investment potential. Meetings included representatives from Blackstone, Neuberger Berman, and The Estee Lauder Companies, focusing on manufacturing and beauty markets. Discussions with IBM's CEO involved strengthening collaboration in AI and quantum computing technologies. Goyal also engaged with General Atlantic and AIA Group to explore opportunities in financial services and insurance sectors.
Piyush Goyal takes India investment pitch to AIA, MetLife, IBM and General Atlantic
Commerce Minister Piyush Goyal promoted India as an investment destination during meetings with leading global firms. He highlighted the country's regulatory reforms and demand for services, especially in the insurance sector. Goyal met with executives from AIA Group, MetLife, General Atlantic, and IBM to discuss growth opportunities. He emphasized the importance of India's technology talent pool for future collaborations.
DigiLocker seeks private partners, Slurrp Farm's fundraise plans
DigiLocker is set to bring more institutions onto its platform with the help of private AI integrators. This and more in today’s ETtech Top 5.
AI major cybersecurity challenge, but also offers tools for defenders: Thales Chairman
Artificial Intelligence has significantly changed the speed and nature of cyberattacks, creating challenges for cybersecurity. Companies now face threats not only from cybercriminals but also from state actors targeting critical systems. Thales executives emphasized the need for integrated cybersecurity strategies to address growing complexities and vulnerabilities. New AI-powered solutions and partnerships aim to enhance protection against evolving cyber threats effectively.
Satya Nadella addresses “IDEAS4INDIA”: Indian American Tech CEOs Forum hosted by CGI Seattle
India’s Consulate in Seattle brought together more than 40 Indian-origin technology CEOs and CTOs, including Microsoft’s Satya Nadella, to discuss ways to deepen the India-US technology partnership. The forum focused on AI infrastructure, semiconductors, quantum computing, data centres, aerospace and skilling, as US technology majors expand investments and operations in India.
Microsoft CEO Satya Nadella lauds Seattle tech community's strengthening ties with India
Nadella was the guest of honour at a special event organised by the Consulate General of India in Seattle under the leadership of Consul General Prakash Gupta.
US, India partner to secure undersea cable networks and expand digital connectivity under TRUST initiative
Pointing to India's crucial role in the expanding global network, the US Embassy highlighted that New Delhi's booming digital economy, surging demand for cloud and AI capabilities, and strategic geographical location linking major global markets present significant opportunities for the country to establish itself as a primary global subsea cable hub.
RBI Deputy Governor Rohit Jain flags speed, concentration and opacity as fintech risks; says technology must serve customers
RBI Deputy Governor Rohit Jain warned financial institutions and fintech firms that rapid adoption of emerging technologies brings risks around speed, concentration and opacity. He said institutions must ensure technology works fairly, reliably and safely for customers, while retaining responsibility for outcomes even when computing, cloud infrastructure or models are outsourced.
Policy must balance innovation with accountability, resilience: RBI Deputy Guv Rohit Jain
RBI Deputy Governor Rohit Jain emphasized the importance of policy in promoting innovation responsibly. He highlighted the need for clear guidelines and opportunities for experimentation to fuel growth. Regulators should engage at the grassroots level to better comprehend emerging technologies. Ultimately, policy should prioritize customer outcomes, ensuring equity and reliability, while making financial services more useful and responsive to individuals' needs.
Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companies
Adobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executives now run companies spanning technology, banking, luxury, pharmaceuticals and manufacturing. Here are the leaders occupying some of the biggest corner offices in global business.
Oracle, Quantinuum partner to bring quantum computing to cloud
Under the deal, Oracle Cloud Infrastructure customers will gain access to Quantinuum's Helios quantum computer through OCI's quantum service, allowing them to combine quantum computing with Oracle's graphics-processing and high-performance computing services.
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