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One Thing Today in Tech

One Thing Today in Tech

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Every week day, Forbes India's Hari Arakali, Editor - Tech & Innovation, brings you his take on one piece of tech news that caught his attention, covering everything from big tech to India's growing tech startup ecosystem.
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show series
 
India’s efforts to build core AI technologies is at best at a nascent stage. At the country’s biggest tech industry lobby Nasscom’s annual flagship conference last week, we caught up with Debjani Ghosh, the organisation’s president, for a quick chat on the topic. Ghosh spoke about how India’s tech services companies are approaching the AI opportuni…
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India’s top IT companies might benefit as their biggest customers look to sunset legacy applications that are only being maintained for the critical data they hold, but first a couple of other headlines that caught my attention: One97 Communications Ltd., which operates the Paytm wallet and payments network, has formed a committee, headed by Meleve…
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Google is retiring Bard, with the launch of a more capable chatbot, Gemini Advanced, but first a couple of other headlines. Reserve Bank of India, the country’s central bank, yesterday, stood by its actions imposing restrictions on Paytm Payments Bank, stating that its order barring the small finance bank from most activities after Feb. 29, includi…
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Layoffs at tech companies have continued into 2024, but first, a couple of other headlines that caught my attention. Hyundai Motors is planning to list its Indian unit to raise at least $3 billion in what would be the country's biggest IPO, Reuters reported yesterday, citing two people it didn’t name. Hyundai, the second-biggest automaker in India …
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Apple’s Vision Pro headsets are now available for sale at stores in the US, but first a couple of other headlines that caught my attention. A UK minister on a trade mission last year assured Infosys that he would do what he could to help the company grow in the country, where founder NR Narayana Murthy’s son-in-law Rishi Sunak is prime minister, Th…
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Apple’s focus on India is paying off and the company also captured the top position in revenue in a calendar year for the first time, due to strong demand for both its latest iPhone and older models, according to market research provider Counterpoint. Overall, Samsung maintained its lead with the biggest market share, at 18 percent, in the predomin…
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Ahead of the union government's budget for the year 2024-25, the well-known expectations remain, such as tax breaks and incentives, but India's tech startups are also hoping the government will sharpen its focus on supporting them to develop more intellectual property within the country, which is crucial for our long-term security. They want more R…
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An important conference is to take place tomorrow in New Delhi on India’s international role with respect to technologies that are considered dual use, meaning for civilian and industrial use, but also for defence and military applications. India’s Directorate General of Foreign Trade, Department of Commerce in partnership with the Ministry of Exte…
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Those of you who caught Samsung’s Unpacked event two days ago would have seen a Google vice president of search coming up on stage to describe a new AI feature on the latest Galaxy phone, developed by Google. Google calls it circle to search, and that’s exactly what it is. See something you’re browsing that you want to know more about? Well, now ju…
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Apple has a new office in India in the heart of Bengaluru, the iPhone maker said in a statement. The country’s tech capital is already home to so many of Apple’s teams, including in software engineering and hardware technologies, operations, customer support, and other functions, according to Apple. This new workspace, which Apple hopes will be a p…
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VinFast, an electric vehicle manufacturer from Vietnam, plans to invest $2 billion dollars in India, but first a couple of other headlines that caught my attention. Japanese media and tech giant Sony Corp. is planning to call off the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced, over a disagreem…
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Several multinational electronics and manufacturing companies including Apple’s supplier Pegatron and Korean auto giant Hyundai have committed to large investments in the southern Indian state of Tamil Nadu, but first, a couple of other headlines that caught my attention. The US Federal Aviation Administration on Saturday ordered the grounding and …
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Discord has rolled out a bunch of improvements to its mobile app on both Android and iOS, but first: Byju Raveendran is contemplating using his 10-12 percent direct shareholding in the test-prep chain Aakash to raise about Rs. 600 crore to shore up his beleaguered ed-tech venture, Think & Learn, The Arc reported yesterday, citing sources it didn’t …
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IN-SPACe has announced a new seed fund to support startups working the areas of urban development and disaster management using space tech, but first: Spotify fired 1,500 staff, cutting its workforce by 17 percent, a measure that CEO Daniel Ek said was needed to face the challenges ahead. This is the company’s third round of layoffs this year, Tech…
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Even when Freshworks was a much smaller startup, Girish Mathrubootham just beginning his foray into the US market, one thing reporters like me would always hear about was Girish’s ability to surround himself with exceptional colleagues and soak up everything he could learn from them. As many of you know, he likes to call them people who’ve “been th…
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The first trans-Atlantic flight using 100 percent sustainable aviation fuel was made between London and New York yesterday by Britain’s Virgin Atlantic, bringing the industry another small step closer to sustainable aviation. Test flight VIR100, which did not carry paying passengers, took off from London’s Heathrow Airport at 11:49 am UK time (6:49…
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India’s EV landscape is changing, with startups emerging across the value chain – from all-electric cabs to e-bikes and innovative purchase options. But first, some headlines: Facebook and Instagram’s parent company Meta Platforms knowingly employed methods that lured children on to these platforms, The New York Times reported on Nov. 25, citing un…
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US space agency NASA’s Administrator Bill Nelson is in India today to meet top government and ISRO officials, as both countries look to deepen their space exploration and scientific research partnership. The visit by Nelson, a former US senator, “fulfills a commitment through the US and India initiative on critical and emerging technology spearhead…
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NVIDIA, which has a near monopoly on computer chips for AI applications, reported its fiscal third-quarter numbers yesterday that beat street expectations. The semiconductor company’s Q3 revenues of $18.12 billion is a 206 percent year-on-year jump, reflecting the extent to which big tech companies are ramping up AI investments. Sales to the data c…
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Microsoft CEO Satya Nadella moved swiftly to recruit OpenAI’s co-founder Sam Altman after his shocking ouster as CEO last week from the company responsible for the ChatGPT bot which has made AI a household term. Microsoft also hired Greg Brockman, who resigned as president of OpenAI after Altman’s ouster. Wall Street cheered, and Microsoft shares r…
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Diwali crackers are about to add to the already dangerously polluted air in the national capital region. So how would it be if you could fly over the smog for an important meeting, in a tenth of the time it would take to go from Gurugram to Connaught Place, say, and pay about the same as what an Uber ride would cost. InterGlobe Enterprises, the com…
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Razorpay, a leading fintech name in India, providing a payments platform and banking-as-a-service software to some 10 million businesses, in the country, yesterday elevated Rahul Kothari to the position of chief operating officer for India and Malaysia. Kothari was previously chief business officer at the company. He will report to founder and CEO …
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Bumble yesterday announced that Lidiane Jones, who currently serves as chief executive at Slack, will succeed founder and current CEO Whitney Wolfe Herd, on Jan. 2. Wolfe Herd will become Executive Chair at that time, the company said in a press release yesterday. Nasdaq listed Bumble, which will report its fiscal third-quarter earnings later today…
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Apple, last week, reported another quarter of revenue decline, on a year-on-year basis, but also one where the decrease was significantly narrower than nine months ago, amid heightened global uncertainties. The three months to Sep. 30, which is Apple’s fiscal fourth quarter, was also the iPhone maker’s best quarter in India, ever. “We achieved an a…
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In today’s episode we take a quick look at news of US President Joe Biden’s executive order to regulate AI, but first one other headline that’s caught everyone’s attention at home. Headlines Several politicians from various opposition parties in India have been sent notifications by Apple that they were being targeted by “state-sponsored attackers,…
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In today’s episode I bring you the gist of Qualcomm’s latest State of Sound report, but first a few headlines. Headlines India’s department of telecommunications has used facial recognition to disconnect more than 6.4 million illegal phone connections over the last six months, Moneycontrol reports. It detects when a photograph has been used multipl…
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In today’s episode H1B visa rules will soon change significantly, but first a few other headlines caught my attention. Isro, announced last week the successful test of “In-flight Abort Demonstration of Crew Escape System (CES)” at Mach number 1.2 with the space agency’s newly developed Test Vehicle, followed by Crew Module separation & safe recover…
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In today’s episode, I ask if we are headed for a talent crisis in core engineering streams, but first a couple of headlines. Headlines Agnikul Cosmos, has raised $26.7 million in Series-B funding from investors including Celesta Capital, Rocketship.vc, Artha Venture Fund and Artha Select Fund, the Chennai startup said in a press release on Oct. 17.…
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There’s been a surge in children’s sexual abuse and exploitation online since the Covid pandemic, experts agree, and lawmakers around the world are trying to grapple with this threat with new policies and rules. Online businesses should be pushed to design their products and services to be age appropriate, Google proposes, but opposes stringent use…
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In today’s episode find out why TCS sacked 16 employees, but first a few headlines. Headlines After losing the IPL streaming rights, which has contributed its loss of some 20 million subscribers, Disney Hotstar set a new world record for concurrent viewers on Saturday when 35 million people logged on to the digital platform to watch the India-Pakis…
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In today’s episode I take a quick look at how applications development and maintenance, which is about two-thirds of India’s IT sector revenues, is changing, but first a few headlines. Beyond Next Ventures, a Japanese fund focused on early-stage deep tech startups in Asia, is targeting up to ¥25 billion (about $168 million) for BNV Fund 3, its thir…
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What do customers want from their SaaS vendors? Sridhar Vembu, founder and CEO of Zoho Corp., weighs in on this question, speaking with Forbes India at the company’s annual Zoholics conference on Oct. 9 in Bengaluru. Zoho remains steadfastly bootstrapped, but for the VC funded ventures, Vembu speaks about how a new funding cycle will eventually ret…
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In today’s episode, Acumen, last week, announced the first Indian cohort of sustainability and renewable energy focused startups it will train, with support from Apple, but first a few headlines. SoftBank CEO Masayoshi Son said he believes an artificial general intelligence (AGI) that surpasses human intelligence in most areas, will arrive within 1…
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In today’s episode we take a quick look at an expanded partnership between NVIDIA and Infosys that seeks to equip an army of AI specialists trained in the AI chip giant’s technologies, but first one other headline that caught my attention yesterday. WhatsApp continues to roll out new features in India that will allow users in its largest market by …
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In today’s episode it’s all about Apple. And of course, the company didn’t disappoint with the many incrementally faster, better features with innovations that combine both hardware tech and software ingenuity, as it launched the iPhone 15 series of smartphones and the Apple Watch 9 series, yesterday. For example, a double tap of your thumb and you…
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In today’s episode we take a quick look at the rise of global capability centres, as they are called, but first a few headlines. Headlines Apple’s iPhone 15 event, the Wonderlust, is to be held later today, where we might get to see the company’s first smartphone with the standard USB-C charging port. It’s at 10:30 p.m. India time and you can watch…
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In today’s episode one quick takeaway from Freshworks’s first investor day since the company went public two years ago, but first a few headlines. Headlines NVIDIA and Reliance Industries, on Sep. 8, announced a collaboration to develop India’s own foundation large language model trained on the nation’s diverse languages and tailored for generative…
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In today’s episode we take a quick look at Zoho’s latest milestone, with the Indian SaaS leader crossing 100 million users, but first a few headlines. Headlines HeromotoCorp will invest up to Rs. 550 crore in a rights issue of Ather Energy Private Limited, the Indian two-wheeler giant told stock exchanges on Sep. 4 in a statement. Atomicwork, a clo…
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In today’s episode we take a quick look at edtech funding, from a report published by Tracxn. But first, a few headlines. Headlines Telecom operators in India want internet companies to compensate them for using their telecom networks, a recommendation they’ve made to the local regulatory body, echoing a viewpoint that is gaining some momentum in o…
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Today, five takeaways on the future of India’s SaaS sector from the perspective of an early-stage VC investor, but first, a few headlines. Headlines India’s Aditya-L1 satellite, our first space-based solar observatory, was launched successfully on Sep. 2 at 11:50 a.m. local time, Isro said in an update. Microsoft is ending WordPad, the basic word p…
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In today’s episode, sales of robots are down by almost a third from the first six months of last year. But first, some headlines that caught my attention. Headlines that caught our attention India's first indigenously developed nuclear power plant unit has started operations at full capacity, Business Today reports. The plant, in Kakrapar, Gujarat,…
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In today’s episode, we take a quick look at India’s opportunity to expand its digital technologies ecosystem to tier-2 cities, but first, some headlines that caught my attention. Headlines that caught our attention Google is expanding its generative AI search experience to markets outside the US, starting with India and Japan, TechCrunch reports. T…
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Apple yesterday announced Sep. 12 as the date for its annual press event, where usually the company launches new iPhones. The event will be held Apple’s headquarters in Cupertino, California, and it is widely expected that the iPhone 15 series and new Apple Watch models will be launched. In India, Apple’s fifth-biggest market according to Counterpo…
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Terry Gou, the founder of Foxconn Technology Group, one of Apple’s biggest contract manufacturers, which is also expanding its operations in India, is entering the contest to be Taiwan’s next president as an independent candidate, with elections due in 2024. Gou is widely seen as an advocate of Taiwan’s return to the “One China” framework and for c…
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Britian’s first lady Akshata Murty’s ownership of Infosys is in focus again, ahead of a free trade agreement that her husband, UK Prime Minister Rishi Sunak, is negotiating with India. The India-UK FTA talks started some 19 months ago and are said to be in their final stages. UK is the Indian IT sector’s biggest market after the US. While some Brit…
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European lawmakers took a significant step towards regulating artificial intelligence (AI) with the advancement of new draft legislation, Reuters reports. The legislation aims to ensure that AI serves people, society, and the environment, emphasising the importance of protecting fundamental rights. Also in this report, Zoho said it's making investm…
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Accenture plans to invest $3 billion over three years in its Data & AI practice, joining the roster of global tech services and consulting giants investing heavily in generative AI, including Indian rivals Infosys and Tata Consultancy Services. Accenture also plans to double its AI workforce to 80,000. This news comes three months after the company…
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The government of India has tasked the country's Computer Emergency Response Team (CERT-In) with investigating an alleged data breach revealing personal details of people vaccinated against Covid-19. Minister Rajeev Chandrasekhar tweeted that a "Telegram bot" accessing previously stolen data was the culprit and that there was no direct breach. Redd…
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India’s OTT businesses are pushing back against a government mandate to curtail the glorification of cigarette and tobacco use online. The Internet and Mobile Association of India has flagged “fundamental concerns” and “practical difficulties” in complying with the new rules that the government issued last month, Economic Times reports. Meanwhile, …
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Infosys expects to achieve its revenue growth target of 4-7 percent in constant currency terms for the financial year 2024, company executives told investors in a conference with Morgan Stanley yesterday in Mumbai, CNBC TV18 reports. Also in this report, Germany’s Thyssenkrupp is close to a multi-billion-dollar deal to build six submarines for the …
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