Sam Altman on 'unpopular investing lesson' he learnt from Paul Graham & Peter Thiel
Sam Altman discussed unconventional Silicon Valley investment wisdom he learned. He emphasized that the best opportunities are rarely popular at the time. Altman also shared a parenting tip using ChatGPT for personalized podcasts. This idea faced significant online skepticism and criticism. Many questioned the need for technology over direct parental interaction.
Google trims $50 million from its 10-year-old annual contract to HCLTech
Google is reportedly reducing its IT services contract with HCLTech by approximately fifty million dollars. This significant reduction is expected to impact around one thousand HCLTech employees who may be redeployed. The move highlights how automation and artificial intelligence are reshaping traditional IT services work. Technology companies are increasingly reviewing vendor spending and automating software development tasks.
The Untold Stories of Arab Billionaires: How They Built Empires Worth Billions
From oil to technology, the journeys of the wealthiest Arab billionaires are filled with ambition, innovation, and surprising twists. Discover the secrets behind their fortunes and the legacy they're creating in the modern world.
Unveiling the Bugatti Tourbillon: The $4 Million Hypercar That Redefines Luxury and Performance
Step inside the world of the Bugatti Tourbillon, where cutting-edge technology meets unmatched luxury in a $4 million hypercar. With jaw-dropping specs and exclusive features, this masterpiece is designed for those who demand the extraordinary.
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job lossesBusiness live – latest updatesLloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.Charlie Nunn said the strategy, which the UK’s largest high street lender will launch in January, would involve investing £13bn into the business by 2030, including for “pioneering technology” to lure...
With 90 out of 128 cos & 64% of investments, K'taka top beneficiary of Centre's EDF scheme
Karnataka received the most funding from the central government's Electronics Development Fund. The fund's associated venture funds invested over Rs 1,335 crore in 128 companies. Karnataka-based firms secured Rs 854.5 crore, representing nearly two-thirds of total investments. Telangana, Maharashtra, and Delhi also saw significant investments in technology startups. The fund, managed by Canbank Venture Capital Fund, is now in its divestment phase.
Major British manufacturer collapses into administration as all staff made redundant
An Edinburgh-based face mask manufacturer has fallen into administration, with all staff made redundant.The firm's board concluded that continuing to trade was no longer viable after efforts to find a strategic partner proved unsuccessful.Mask Logic, which specialised in bespoke respiratory protection using 3D scanning technology, ceased trading shortly before David McGinness and Judith Howson of AAB Business & Tax Advisory were appointed joint administrators.Mask Logic was established in 2021 d...
GST boost: Maharashtra emerges as India’s top state tax contributor
Maharashtra now leads states in tax revenue after the Goods and Services Tax implementation. This growth is supported by high domestic consumption and a large services sector. State tax collections have strengthened significantly since the GST reform began. Tax buoyancy for twenty-six states improved substantially after the GST introduction. Technology adoption and a wider taxpayer base also boosted revenue collections.
Nobel economist challenges Elon Musk to donate his $1 trillion fortune by 2036
Nobel laureate Daron Acemoglu challenged Elon Musk to donate his fortune by 2036. Musk responded positively, suggesting he may consider a major philanthropic move. His past giving has focused on science, education, and technology initiatives. Donating such a vast sum presents practical challenges regarding asset transfer and oversight. This potential commitment marks a notable shift in his philanthropic approach.
Mooted WA oil refinery ‘dinosaur technology’ amid clean energy transition, experts say
A feasibility study for the Western Australian project will show the project is uneconomic and requires government subsidies, experts sayFollow our Australia news live blog for latest updatesSign up for climate and environment editor Adam Morton’s free Clear Air newsletter hereGet our breaking news email, free app or daily news podcastLeading Australian climate policy experts say a new oil refinery in Western Australia would be an investment in “dinosaur technology” that would require public sub...
Chipmakers fall in US and Asia as AI jitters rattle investors
Chipmakers fall in US and Asia as AI jitters rattle investorsImage source, AFP via Getty ImagesByOsmond ChiaBusiness reporterPublished3 minutes agoShares in major chip firms have fallen sharply in the US and Asia as a sell-off in artificial intelligence-related stocks deepened.Trading on South Korea's benchmark Kospi index was paused temporarily on Tuesday morning after sliding by 8%. It fell further after the 20-minute halt was lifted to trade around 10% lower.The slump was led by technology fi...
Monday.com cuts hundreds of jobs; read CEO Eran Zinman's 'layoff email' to employees
An Israeli software company is set to cut its global workforce by around twenty percent in a strategic move to enhance efficiency and pivot towards AI-driven operations. The co-founder emphasized that this decision is not about replacing technology, but about fostering future growth. Departing employees will be offered substantial support packages to aid their transition, while those remaining are expected to benefit from improved focus and expedited decision-making.
Google expands in Miami after Page & Brin's $225m Florida homes; leased space quadruples
The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk’s news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusi...
'US not piggybank for Europe': Trump to impose tariffs on EU for fining Google
US President Donald Trump on Friday threatened to impose tariffs on the European Union and launch a probe after accusing the bloc of unfairly targeting American technology companies through heavy antitrust fines.
Firm hacked by rogue OpenAI models says it is 'a wake up call'
Firm hacked by rogue OpenAI models says it is 'a wake up call'Image source, Bloomberg via Getty ImagesImage caption, Thomas Wolf, Hugging Face's co-founder and chief science officer ByOsmond ChiaBusiness reporterPublished3 minutes agoThe co-founder of Hugging Face, a technology start-up that was hacked after some of OpenAI's most advanced artificial intelligence (AI) models went rogue, said on Thursday that the incident is "a wake up call" for the industry.Thomas Wolf told the BBC that "this wil...
IIT Delhi Roommates Built a ₹565 Crore Startup Transforming India's Cattle Market
IIT Delhi civil engineering graduates Neetu Yadav and Kirti Jangra chose an unconventional entrepreneurial path by building Animall Technologies, a digital marketplace for cattle trading. Starting as a weekend project in 2019, the startup aimed to solve challenges faced by dairy farmers buying and selling cows and buffaloes. Today, Animall is valued at around Rs 565 crore and is helping modernise India's largely offline cattle market by connecting farmers through technology and creating a more t...
China's Moonshot AI stole from Anthropic, Trump tech adviser says
China's Moonshot AI stole from Anthropic, Trump tech adviser saysImage source, Future Publishing via Getty ImagesImage caption, Kimi K3 is an AI model developed by Beijing-based Moonshot AI ByOsmond ChiaBusiness reporterPublished8 minutes agoA White House adviser has accused China's Moonshot AI of a "large scale" effort to steal the capabilities of top US artificial intelligence (AI) models.US President Donald Trump's Science and Technology adviser Michael Kratsios said Moonshot AI carried out t...
Unveiling Wealth: How the Richest Arab Billionaires Built Their Empires
Discover the incredible journeys of the richest Arab billionaires, who transformed their initial investments into astonishing fortunes. From oil and real estate to technology and finance, their stories are not just about money, but also about vision and innovation.
From Dishwasher to $100 Billion: The Unbelievable Journey of NVIDIA's Jensen Huang
How did a boy from Taiwan transform a Silicon Valley startup into a $100 billion tech giant? Discover the extraordinary path of Jensen Huang, the visionary founder of NVIDIA, and learn how his journey is reshaping the world of technology.
Asian stocks trade in green: Kospi adds 6%, Nikkei jumps over 1,100 points
Asian markets opened higher, mirroring Wall Street's gains as technology stocks rebounded. Japan, South Korea, and Taiwan led the advance, while China also saw gains. Oil prices continued to climb due to threats in the Red Sea region. US markets closed higher overnight, with semiconductor shares driving the upward movement. Investor focus now shifts to upcoming earnings reports from major tech companies.