New Delhi: DeepMind Technologies CEO Demis Hassabis speaks during the India AI Impact Summit 2026, in New Delhi. (PTI Photo) New Delhi: Artificial general intelligence (AGI) could be years away, but its profound impact in the coming decade will be defined by scientific breakthroughs, not job extinction, Google DeepMind chief Demis Hassabis said at the…
Sarvam AI showcases futuristic solutions tailor made for India’s needs New Delhi: In a major step for India’s push to compete in advanced AI, homegrown startup Sarvam has launched a foundational 105-billion-parameter large language model (LLM), along with a range of tools and systems aimed at commercialisation. The company said the model performs on par…
BofA maintained its buy recommendation on Infosys with the target price at Rs 1,840. Analysts said there were several positives on positioning and net opportunity could be bigger but the path is still evolving. They also said that enterprise AI isn’t plug and play. Currently revenue from AI-first offerings stands at 5.5%, which is not…
ICAI president Prasanna Kumar D New Delhi: The Institute of Chartered Accountants of India (ICAI) has set up a special group within its Financial Reporting Review Board to fast-track high-profile cases, the regulatory agency’s president Prasanna Kumar D said. “… more than 10 to 15 cases are there which have public interest. These cases will…
Salil Parekh, CEO and MD, Infosys (File photo) New Delhi: Infosys CEO Salil Parekh suggested that stock market investors may be misreading the impact of AI tools from companies like Anthropic, arguing that rather than shrinking opportunities for IT services firms, such technologies are likely to expand and reshape the demand for their capabilities. He…
Amit Zavery, president, ServiceNow (File photo) New Delhi: Nearly 50% of ServiceNow’s global R&D is based in India, making the country central to its innovation strategy, according to president and chief product officer Amit Zavery. Speaking to TOI on the sidelines of the India AI Impact Summit 2026, he said the Hyderabad and Bengaluru centres…
Piyush Goyal (File photo) New Delhi: India wants to diversify its sources of crude oil and coking coal and would “love” to source high-quality coking coal from the US, commerce and industry minister Piyush Goyal said on Wednesday. He also said that the US can provide certain goods that India needs desperately for its economic…
US stocks moved higher on Wednesday, driven largely by gains in Nvidia, the market’s most influential stock. The S&P 500 rose 0.9%, pulling within 1.1% of its all-time high set late last month. The Dow Jones Industrial Average was up 308 points, or 0.6%, as of 12:21 p.m. Eastern time, while the Nasdaq composite climbed…
India, the world’s third-biggest oil importer and consumer has reshaped its crude sourcing strategy, according to data from industry sources. Russian crude shipments in January made up the smallest portion of New Delhi’s oil imports since late 2022. During the same period, supplies from the Middle East rose to their highest share, Reuters reported quoting…
Union commerce minister Piyush Goyal on Wednesday dismissed investor concerns over the future of India’s IT sector as “ridiculous”, stressing that technology firms will play a central role in the growth of artificial intelligence.Speaking at the GEC event and responding to recent investor concerns, Piyush Goyal said, “Of late, I’m seeing in the stock market…
