MICROSOFT QUANTUM FACILITY
Pasqal ramps up growth plans after Nasdaq listing strengthens balance sheet
French quantum processor maker Pasqal on Thursday said it held €312.9 million ($355.8 million) in cash following its Nasdaq listing, giving it funds to expand sales operations as it works to convert early customer interest into sustainable revenue.
Why Nvidia shares just had their best day since April? Nvidia (NVDA) stock jumped 8.2%, reclaiming a $4.5 trillion market capitalization
Nvidia stock jumped 8.2% to $185.40 as Big Tech confirmed a $650 billion AI spending spree for 2026. Amazon is leading the charge with a $200 billion budget for data centers. This massive capital injection proves the AI infrastructure buildout is accelerating. Investors are buying Nvidia to secure the Blackwell chips powering this growth. High demand and record spending suggest the AI market expansion is just beginning.
Microsoft expands Danish quantum facility with second lab
Quantum computing has the potential to revolutionise industries by solving problems that are practically impossible for today's computers. Its ability to process vast amounts of data simultaneously could unlock discoveries in medicine and chemistry and transform fields from finance to climate modelling.
Nvidia will build AI supercomputers for US Energy Department, wants to get back into China
Nvidia CEO Jensen Huang announced the company will build seven AI supercomputers for the U.S. Department of Energy, aiding nuclear arsenal and alternative energy research. Huang emphasized the need for U.S. tech leadership while also advocating for continued access to the Chinese market to fund innovation.
Reliance's AI push; CG Power chairman Vellayan Subbiah interview
Artificial intelligence took centre stage at Reliance Industries’ 48th AGM, with partnerships and product launches. This and more in today's ETtech Top 5.
Nvidia reports record-breaking $44 billion revenue as AI chip demand skyrockets despite China export ban
Nvidia reported blockbuster Q1 results, exceeding expectations with record revenue and data center sales driven by surging AI demand. Despite a $4.5 billion hit from U.S. export curbs to China, the company's shares rallied. CEO Jensen Huang remains optimistic, emphasizing investments in American manufacturing and anticipating further growth in AI computing.
Asian stocks drop after Fed Minutes show caution
Stocks in Japan and Australia dropped while equity index futures for Hong Kong also drifted lower. Contracts for US stocks also slipped in early Asian trading after the S&P 500 climbed 0.2% on Wednesday to set a new high, with defensive sectors outperforming in a sign of investor caution.
Elon Musk wants to transform SpaceX's Starbase into a Texas city. But there's a hurdle
Elon Musk said on social media platform X on Thursday that the SpaceX headquarters will now officially be in the city of Starbase, Texas. But the idea is not completely new. In 2021, Musk posted on social media, creating the city of Starbase, Texas, with no other context or follow-up.
The Economic Times Startup Awards 2024 special
The Economic Times Startup Awards (ETSA) 2024 ceremony brought together startup leaders and policymakers in Bengaluru for a friendly and insightful dialogue on Saturday evening. The gathering of over 250 eminent personalities discussed several hot-button issues on the sidelines of the summit, which featured a chat with guest of honour Union minister Ashwini Vaishnaw and a panel discussion hosted by Infosys chairman and cofounder Nandan Nilekani.
Microsoft signs power purchase deal with nuclear fusion company Helion
Government labs and more than 30 companies are racing to generate power from fusion, which could one day help the world slash emissions linked to climate change.
Data Centre business: How India can become a powerhouse of storehouses
There’s an unprecedented boom in the industry. With 830 million smartphone users by end-2022, India’s digital economy has spurred exponential growth in the quantum of data generated. What’s helped even more is GoI’s mandate in its Data Protection Bill proposing that various types of information need to be stored within the country.
DoT’s OSP framework to spur new opportunities: Avaya’s Vishal Agarwal
Recent new guidelines by DoT permanently easing the earlier temporary guidelines for the Other Service Providers (OSPs) has been applauded well by the IT sector, said Vishal Agarwal, Avaya India & SAARC managing director.
QuEST Global sets up CoE for Microsoft Azure
Krish Kupathil, Head – Hi-Tech and Digital, QuEST Global, said, “We are delighted to collaborate with Microsoft for the CoE that will be a centralized, strategic division and will act as an incubation hub for QuEST engineers."
Nine women scientists who are doing phenomenal work
These nine women scientists have aimed for the moon, dissected the brain and shattered glass ceilings.
View: India’s rating agencies have to be more responsible and careful while assigning fresh ratings
Rating agencies have to be more careful while assigning fresh ratings. Their job is to look for downside risk.
ICA seeks 5-year tax holiday for successor of Nokia’s Chennai plant
ICA has also demanded continuation of the current duty structure for mobile phones and tablets for promoting and sustaining local manufacturing in India.
Intel Labs is focused on game-changing opportunities: Justin Rattner
For most firms, the chief technology officer is the backbone, helping them stay ahead of the curve. CTO Justin Rattner describes Intel’s key innovations.
Work on to improve network: Prometric
Ramesh Nava, vice-president and general manager, Asia-Pacific, Japan & Africa–Prometric, which is conducting the CAT exams, talks about the problems with CAT and what the company is doing to sort it out.
Work on to improve network: Prometric
Ramesh Nava, vice-president and general manager, Asia-Pacific, Japan & Africa–Prometric, which is conducting the CAT exams, talks about the problems with CAT and what the company is doing to sort it out.
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