MICROSOFT IGNITE 2024
Apple debuts $599 MacBook Neo to challenge Chromebooks, Windows PCs
Apple on Wednesday unveiled the MacBook Neo, a lower-priced addition to its laptop lineup starting at $599, as it looks to broaden its reach in a price-sensitive PC market while rivals face tighter supply of memory chips.
Leading the AI infrastructure push: A look back at how 2025 played out for Sam Altman and OpenAI
By 2025, OpenAI under Sam Altman had shifted AI from novelty to critical infrastructure, with ChatGPT driving growth and vast spending on compute. Altman pushed autonomous agents, massive data centres and long-term bets despite losses. He acknowledged bubbles, fierce competition and regulation risks, but argued AI’s economic impact would be transformational.
The AI frenzy is driving a new global supply chain crisis
Japanese electronics stores have begun limiting how many hard-disk drives shoppers can buy. Chinese smartphone makers are warning of price increases. Tech giants including Microsoft, Google and ByteDance are scrambling to secure supplies from memory-chip makers such as Micron, Samsung Electronics and SK Hynix, according to three people familiar with the discussions.
Meet Rahul Patil, the new CTO of AI firm Anthropic
Before joining Anthropic, Patil held multiple roles including deputy CTO, CTO, and head of infrastructure and global operations during his five-year stint at digital payments firm Stripe. In his new role, Patil will reportedly look at the engineering side of the firm including compute and infrastructure.
Do you say 'Please' to ChatGPT? Sam Altman reveals how much electricity your manners cost to OpenAI
Sam Altman recently highlighted that seemingly simple politeness, such as using “please” and “thank you” in interactions with ChatGPT, is contributing to significant energy costs for the company. Each additional word increases processing power and electricity usage, leading to tens of millions of dollars in expenses. This comment sparked discussions on how people treat AI, with many users incorporating manners, believing it’s morally right or to hedge against a potential AI uprising. While this politeness increases operational costs, some experts argue it leads to better user experiences by promoting more collaborative and thoughtful AI responses.
TCS defers wage hikes; Google layoffs
TCS is deferring annual salary hikes amid global business headwinds. This and more in today’s ETtech Top 5.
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It’s official. US will snoop in student visa applicants' social media accounts
Secretary of State Marco Rubio has ordered U.S. diplomats to scrutinize visa applicants’ social media for anti-U.S. or anti-Israel content. The directive, issued March 25, aims to deny entry to those suspected of criticizing the U.S. or supporting Palestinians.
Elon Musk loses $90 billion: How China's DeepSeek torpedo hit where it hurts most
Elon Musk's fortune, tied to SpaceX and Tesla, has taken an $81 billion hit in 2025 due to innovations from Chinese AI startup DeepSeek. Despite the setback, Musk remains the world’s richest individual with a net worth of $351 billion. The tech industry's top billionaires have faced significant losses, highlighting the volatile race for AI dominance.
Trump's 20% 'DOGE Dividend' tax refund will benefit Americans. But it might pinch your pocket.
President Donald Trump proposed Wednesday to return 20% of savings from his administration’s Department of Government Efficiency (DOGE) initiatives to American citizens. This “DOGE dividend” could amount to about $5,000 per tax-paying household, according to James Fishback, chief executive of hedge fund Azoria and a former employee of Greenlight Capital. But this DOGE dividend might pinch the pockets of Americans and heat up the economy again.
US stocks end sharply higher with assist from tech; investors eye Trump policies
U.S. stocks rebounded on Friday, closing the holiday-shortened week with gains driven by megacap growth companies like Tesla and Nvidia. Despite a recent multi-session selloff, investors remain optimistic as the Federal Reserve hints at possible rate cuts. Economic data shows signs of growth, hinting at a positive U.S. economic outlook.
How has the 21st century gone so wrong?
The 21st century has seen significant ideological challenges and global shifts, with rising populism, authoritarianism, and economic disparities. Liberal leaders struggle to address these changes, risking further decline. Yet, there are potential opportunities through technological advancements and new political dynamics, with outcomes heavily dependent on revitalizing liberal ideas.
Groww, Razorpay pay for reverse flip; Arzooo’s distress sale
Happy Thursday! Stockbroking platform Groww, had its valuation reduced as part of its flip back to India, said sources. This and more in today’s ETtech Morning Dispatch.
Microsoft Ignite 2024: AI, cloud, and more in Satya Nadella’s keynote
This year’s Microsoft Ignite highlighted how businesses and individuals can benefit from the tech giant's AI and cloud tech to gain efficiency and enable innovation. Following a strong focus on AI at Ignite 2023, this year’s edition continues in a similar vein.
Microsoft pitches AI 'agents' that can perform tasks on their own at Ignite 2024
AI developers are increasingly pitching the next wave of generative AI chatbots as AI "agents" that can do more useful things on people's behalf. But the cost of building and running AI tools is so high that more investors are questioning whether the technology's promise is overblown.
Tech giants are set to spend $200 billion this year chasing AI
Wall Street recently criticised major tech firms for their AI spending, but Amazon, Microsoft, Meta, and Alphabet plan to invest even more, exceeding $200 billion this year. These companies are securing chips and building data centers to support AI, aiming for future profitability despite current high expenses.
Ratan Tata’s startup story; TCS Q2 results
Ratan Tata has always been a cheerleader and supporter of India's startup ecosystem. This and more in today’s ETtech Top 5.
ET Soonicorns Summit 2024: From Prayank Swaroop to Umakant Soni, Anand Lunia, Hari Menon, Aman Gupta, and Sangeeta Bavi—register now to meet veteran investors, innovators, and industry leaders set to forge the future
Unveiling our esteemed panellists as they are set to take the stage at ET Soonicorns Summit 2024, the third edition of a repurposed and revamped summit to be held in Bengaluru on September 20, 2024. Meet the stakeholders who are busy reshaping the startup-innovation economy. Register now!
Revamped ET Soonicorns Summit 2024 returns to Bengaluru on 20 September with the theme ‘From Resurgence to Resilience’. Have you registered yet?
From Minister Priyank Kharge to Indian startup ecosystem’s stalwarts, including Hari Menon, Aman Gupta, Shanti Mohan, Shally Modi, Mayank Kumar, and Jitendra Chouksey—an esteemed lineup of speakers is set to take to stage at the ET Soonicorns Summit 2024, an Economic Times initiative.
Tamil Nadu CM MK Stalin explores investment opportunities in AI with BNY Mellon
Tamil Nadu Chief Minister MK Stalin's visit to the US has resulted in significant investment opportunities. Discussions with BNY Mellon focused on AI investments, while MOUs worth Rs 850 crores were signed with Lincoln Electric, Vishay Precision, and Visteon. Additional agreements include a Rs 2000 crore MoU with Trilliant and engagements with Nike and Optum.
Tamil Nadu CM MK Stalin signs MoUs for Rs 850 crores with Lincoln Electric, Vishay Precision, Visteon
Tamil Nadu Chief Minister MK Stalin announced that the state has secured MoUs worth Rs 850 crores with US-based companies Lincoln Electric, Vishay Precision, and Visteon. Additionally, a Rs 2000 crore MoU was signed with Trilliant for a manufacturing unit and support centre. Further agreements were made with Nike, Optum, Eaton, and Assurant.
Jio’s technology & telecom industry collaboration with TM Forum saw 80% surge in resource contribution from members: Akash Ambani
ChatGPTReliance Jio has collaborated with TM Forum to enhance technological advancements in the telecom industry, notably through the Innovation Hub in Mumbai. Akash Ambani, chairman of Reliance Jio, highlighted an 80% increase in resource contributions from members since the Hub's launch in September. He emphasized progress in generative AI and the Open Digital Architecture (ODA), along with the addition of new members like Microsoft.
You.com startup is raising $50 million as it targets AI-assistant market
Similarweb dat shows You.com received 11 million visitors in May, marking an increase in web traffic for the year. However, this figure remains below its peak of 20 million visitors in February 2023. Following ChatGPT's role in ignited interest in You.com's AI-powered search engine in early 2023, some users have since started exploring other options.
Pro-China YouTube network used AI to malign US, report finds
The 10-minute post was one of more than 4,500 videos in an unusually large network of YouTube channels spreading pro-China and anti-U.S. narratives, according to a report this week from the Australian Strategic Policy Institute, a security-focused think tank.
Microsoft working on Windows 12 and expected to release it next year; Here's all you may want to know
Reports suggest that Microsoft is working on a new version of Windows that will be an upgrade to Windows 11. Microsoft has even shared a preview of a prototype desktop design for the new Windows, which might be a part of Windows 12, known as "Next Valley."
The worst for the market is over because inflation may have peaked: Vinod Nair
The central banks wrongly presumed that the rising prices were transitory. They forecasted that inflation would fade as the economy opened, bringing supplies.
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