Tech Sector

OpenAI CEO plans expansion in Japan after meeting PM Fumio Kishida

Altman said that he discussed the technology's potential with Kishida, and how to mitigate the downsides

The new corner office favourite

Across sectors, CFOs are stepping into the role of CEOs as companies see value in their realistic outlook grounded in numbers

Tech spending in India poised to grow by 9.6% this year, shows report

According to the report, tech outsourcing and hardware maintenance will see sharp growth

Tech sector H-1B workers' spouses can continue to work in US, says judge

The ability of H-1B holders' spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued

Wrong to assume fired H1B staffers have to leave country: USCIS director

Amid mass layoffs in the tech sector, the US Citizenship and Immigration Services (USCIS) has said it is wrong to assume that fired workers holding H-1B visa has to leave the country within 60 days and that they have multiple options to stay. In a letter to the Foundation for India and Indian Diaspora Studies, USCIS Director Ur M Jaddou said, "When non-immigrant workers are laid off, they may not be aware of their options and may, in some instances, wrongly assume that they have no option but to leave the country within 60 days." The Foundation for India and Indian Diaspora Studies(FIIDS), which has been working for laid-off H-1B visa holders, had recently written to USCIS about the impacts of recent technology sector layoffs and sought an increase to the up to 60-day grace period. In the letter addressed to FIIDS director for policy and analysis strategy Khanderao Kand, the USCIS said it acknowledges the financial and emotional impact that job loss can have on employment-based ...

India's digital public infra story worth showcasing: Cisco India President

India's transformative digital public infrastructure is a "story worth showcasing" and the interest it has generated among developing and developed nations presents a huge opportunity for the Indian tech industry, according to Cisco India and SAARC President Daisy Chittilapilly. Chittilapilly noted that India's digital public infrastructure offered a unique population-scale, low cost, accessible model, and is generating "tremendous amount of interest" from other nations. She cited the success of digital identity Aadhaar and India's Unified Payments Interface (UPI), the real-time payment system where transaction volumes are "mind blowing". "One of the topics at the G20 Presidency is showcasing digital public infrastructure that India has built over the last many years... Aadhaar is the largest national identity project in the world... look at the UPI numbers, they are mind blowing. There is nothing like UPI anywhere in the world," she told PTI in a recent interview. The Cisco India

CCI to set up in-house digital mkt data unit for regulating tech platforms

Jyoti Jindgar Bhanot, secretary of the CCI, emphasised on early intervention as a key to ensure that competitive landscape in digital markets is not distorted beyond repair

Silicon Valley Bank's collapse rattles the disruptors in tech industry

Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. They were the gold standard, it almost seemed weird if you were in tech and didn't have a Silicon Valley Bank account, said Stefan Kalb, CEO of Seattle startup Shelf Engine, during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration's move guaranteeing all Silicon Valley Bank's deposits above the insured limit of $250,000 per account resulted in a palpable sigh of relief in Israel, where its booming tech sector is connected with an umbilical cord to Silicon Valley, said Jon Medved, founder of the Israeli venture capital crowdfunding platform OurCrowd. But the gratitude for the deposit guarantees that will allow thousands of tech startups to .

Here's what Silicon Valley Bank's collapse means for climate tech

It's the first major headwind to blow against a boom in climate-tech investing that was capped off by incentives in the US Inflation Reduction Act last year

Govt will take a call on who can access Indian datasets, says MoS IT

Programme will ensure Indian datasets help Indian startups and researchers build new applications; access to platform to be decided by govt

Women-led startups raise $4.3 bn in 2022, outperform those led by men

The number of active investors funding women-led startups has also risen steadily since 2010, with a sharp YoY jump of 42% in 2021

India's tech sector revenue to cross $245 billion in FY23, shows data

The year is emerging as India's techade, with robust opportunities in creating public digital infrastructure, and greater ease of doing business

India as a delivery hub is very significant for us: RWS Holdings CEO

"As a source of talent, both for linguists and technology talent, India is important"

India's tech spends to revert to pre-Covid levels, says McKinsey

Pandemic has decoupled the GDP growth and tech spends, it says

Indian tech sector to hit $245 bn in FY23; headwinds seen in FY24: Nasscom

Industry on track to achieve $500 bn by 2030, but skilling gap needs to be addressed on priority

Tech industry one of the most spoilt in the mode of work: Rishad Premji

Indian IT companies are facing challenges in re-establishing the work-from-office model of pre-pandemic times

Indian tech sector to grow 8.4% in FY23 to $245 billion: Nasscom

The sector had revenues of USD 226 billion in FY22, the industry lobby said in its strategic review. The cross currency headwinds have shaved off over 2 per cent of the revenue growth

Use of tech in education improving academic results: Byju's co-founder

Penetration of technology in the education sector is giving improved academic results, Divya Gokulnath, Co-Founder of BYJU's, said on Tuesday. Edtech is an area which has seen growth, especially since Covid-19. The use of technology in education is delivering improved academic results, she told PTI. "It is a responsibility and duty to ensure that while we do well as an organisation we go beyond business and we do good for society. Education is one sector where you have benefits of double bottom line. I don't think many other sectors can actually stake that claim," Gokulnath said on the sidelines of GSV + Emeritus India Summit event in Gurugram. On the contribution of BYJU's, she said the ed-tech company has close to 7.5 million paying customers and another 5.5 million students from the remotest part of the country who are being given online learning for free. "There is a 6 per cent increase in academic improvement... This is what the sector is capable of doing... you have great ...

SoftBank CEO Masayoshi to skip earnings call for first time as tech slumps

The founder and chief executive of the world's largest tech investor bade farewell in November to the earnings presentations he's led for decades

Technology sector cuts 102,943 jobs in January in US, says report

Led by the technology sector, US-based employers announced 102,943 cuts in January, a massive 136 per cent increase from the 43,651 cuts announced in December, a new report has said