wayr today India

Tag: Tech-Economic Times

  • Karnataka’s GAFX 2026 Summit to Showcase AI-Driven Content Creation Innovations

    This article was generated by AI and cites original sources.

    The upcoming GAFX 2026 summit in Karnataka is set to showcase the latest advancements in AI-driven content creation. Organized in Bengaluru, the event aims to unite creators, studios, technologists, investors, policymakers, and education leaders to explore the transition from a services-centric approach to establishing Karnataka as a global center for original IP, next-generation storytelling, and immersive innovation.

    This seventh edition of the summit signifies a strategic shift towards leveraging artificial intelligence in content creation, emphasizing the importance of integrating technology into the creative process. By bringing together key stakeholders, GAFX 2026 seeks to foster collaborations that drive forward-thinking approaches in the entertainment industry, paving the way for cutting-edge storytelling and interactive experiences.

    With a focus on positioning Karnataka as a hub for pioneering content creation, the summit underscores the growing significance of AI in shaping the future of media and entertainment. By embracing AI-driven solutions, the state aims to amplify its presence on the global stage and lead the way in transformative content development.

    Source: Tech-Economic Times

  • Neysa, Cloud Infrastructure Startup Backed by Blackstone, Aims to Go Public

    This article was generated by AI and cites original sources.

    Neysa, a cloud infrastructure startup founded by Sharad Sanghi and Anindya Das, has revealed plans to launch an initial public offering in the coming years. The company, which specializes in providing compute power and software tools for AI applications to a wide range of clients, recently closed a $1.2 billion financing round led by Blackstone, valuing the firm at $1.4 billion.

    Neysa’s neocloud platform has been in high demand, especially as leading global AI companies like OpenAI and Anthropic expand their presence in India. Sanghi highlighted the increasing need for liquid-cooled data centers to support AI workloads, signaling a shift towards AI-centric computing.

    Operating in the GPU-driven cloud and AI infrastructure sector, Neysa caters to various industries such as banking, healthcare, manufacturing, and media, in addition to serving startups and digital businesses. Sanghi, who previously founded Netmagic, a prominent data center services firm, emphasized the importance of providing an exit strategy for investors and employees through strategic partnerships.

    Source: Tech-Economic Times

  • Apple Explores Expanding Payment Services in India Through Banking Partnerships

    This article was generated by AI and cites original sources.

    Apple is actively engaging with major Indian banks, including ICICI Bank, HDFC Bank, and Axis Bank, to potentially introduce its payment service in India by mid-2026, according to a report from Bloomberg. This strategic move by the company signifies its interest in expanding its payment ecosystem to tap into the growing digital transactions market in India.

    The collaboration with these prominent banks could enable Apple to leverage their established infrastructure and customer base to facilitate seamless and secure transactions through its platform. By integrating its payment service with local banking partners, Apple aims to enhance user convenience and promote wider adoption of its digital payment solutions in the Indian market.

    India has witnessed a significant shift towards digital payments in recent years, driven by factors such as increasing smartphone penetration and initiatives promoting cashless transactions. Apple’s potential entry into the Indian payment landscape underscores the company’s commitment to offering innovative financial services and strengthening its presence in key global markets.

    Source: Tech-Economic Times

  • UIDAI and Google Collaborate to Enhance Visibility of Aadhaar Centres on Google Maps

    This article was generated by AI and cites original sources.

    The Unique Identification Authority of India (UIDAI) has partnered with Google to display authorized Aadhaar Centres on Google Maps. This collaboration aims to assist residents in locating Aadhaar Centres based on the specific services they provide, such as adult enrollment, child enrollment, or address and mobile updates.

    This integration of technology between UIDAI and Google will offer increased convenience and accessibility to individuals seeking Aadhaar-related services. By leveraging the mapping capabilities of Google Maps, users will be able to easily identify the nearest Aadhaar Centres and the range of services they offer, streamlining the process of availing these essential facilities.

    With this initiative, UIDAI and Google are enhancing the efficiency and effectiveness of Aadhaar services, ensuring a more seamless experience for residents navigating through the enrollment and update procedures. The collaboration underscores the importance of leveraging advanced technological solutions to simplify citizen-centric processes and enhance service delivery.

    Source: Tech-Economic Times

  • Cognizant Embraces AI for Coding, Aims to Generate 50% of Code Through AI

    This article was generated by AI and cites original sources.

    Cognizant, a major IT firm that heavily utilizes AI in its coding processes, is pushing forward with its AI integration, aiming to generate 50% of its code through AI. CEO Ravi Kumar S emphasized during the recent earnings call that the company remains optimistic about the impact of automation, despite concerns about entry-level roles being displaced.

    In 2025, Cognizant hired 25,000 new graduates, a number it plans to surpass in 2026, underscoring the company’s commitment to leveraging AI for coding tasks without significant apprehension about job losses due to automation. Cognizant’s strategy aligns with the industry’s evolving landscape, where AI is increasingly becoming integral to IT operations.

    While debates about the impact of AI on employment persist, Cognizant’s proactive approach to AI integration showcases how large IT firms are adapting to technological disruptions. The company’s confidence in scaling up AI adoption reflects a broader trend in the tech industry towards embracing automation technologies.

    Source: Tech-Economic Times

  • Baidu’s Cloud Business Drives Strong Quarterly Revenue

    This article was generated by AI and cites original sources.

    Chinese tech giant Baidu exceeded quarterly revenue expectations, with its cloud business experiencing significant growth, offsetting challenges in its advertising segment. The company’s robust performance indicates a strategic shift towards cloud services as a key revenue driver.

    Baidu’s quarterly revenue outperformed market projections, primarily attributed to the expansion of its cloud business. Despite facing ongoing struggles in its core advertising business, Baidu’s cloud division showcased resilience and potential for further development.

    The positive reception of Baidu’s cloud services underscores the increasing demand for cloud solutions in the tech industry. As Baidu continues to invest in and enhance its cloud infrastructure, the company is positioning itself to capitalize on the growing cloud market.

    Investors and industry observers are closely monitoring Baidu’s progress in the cloud sector, recognizing the company’s ability to adapt to evolving market dynamics and diversify its revenue streams.

    Source: Tech-Economic Times

  • Amazon’s UK Legal Battle: Implications for the Tech Industry

    This article was generated by AI and cites original sources.

    Amazon faced a setback as it was denied permission to appeal the green light for two major lawsuits in the UK. The lawsuits, totaling up to 4 billion pounds ($5.41 billion), involve allegations of Amazon abusing its dominant position against retailers and consumers.

    This legal development highlights the intersection of technology and legal challenges faced by tech giants. Amazon’s position as a dominant player in the e-commerce sector has led to increased scrutiny and legal actions, shaping the landscape of competition and consumer protection in the digital age.

    As Amazon navigates these legal battles, the outcomes could have broader implications for the tech industry, influencing how dominant tech companies operate and interact with both competitors and consumers. The case underscores the importance of regulatory oversight and legal frameworks in addressing antitrust concerns and ensuring fair competition within the tech sector.

    Source: Tech-Economic Times

  • Albanian Actor Fights to Reclaim Her Face from AI Avatar

    This article was generated by AI and cites original sources.

    Renowned Albanian actor Anila Bisha, known for her portrayal of complex women on stage and screen over a 30-year career, is currently facing a unique challenge – reclaiming her face from an AI avatar used by the government of Albania. The issue arose when her AI avatar started representing her without her consent for e-services, leading to a situation where she is overshadowed by a digital performance she never actually delivered. Bisha clarified that she had originally agreed to the use of her image on the e-services platform through a contract that expired in December of last year.

    This situation raises important questions about the intersection of personal image rights and AI technology. As AI continues to advance, individuals may find themselves confronted with digital representations that can impact their public identity and professional reputation. The case of Anila Bisha highlights the complexities that arise when technology blurs the line between reality and virtuality.

    Source: Tech-Economic Times

  • Nokia Partners with Telefonica to Enhance Data Center Operations with AI-Powered Networking Solutions

    This article was generated by AI and cites original sources.

    Nokia has announced a multi-year contract with Telefonica to deploy AI-enabled networking solutions for the telecom company’s Edge data center network in Spain. This strategic partnership aims to bolster Telefonica’s infrastructure with advanced technological capabilities.

    As part of the agreement, Nokia will provide the necessary networking solutions to empower Telefonica’s data centers with AI functionality. The deployment of these cutting-edge technologies is expected to enhance the efficiency and performance of Telefonica’s operations across Spain.

    This collaboration reinforces Nokia’s position as a key player in the networking technology space, showcasing its expertise in delivering innovative solutions tailored to meet the evolving needs of modern data centers.

    Telefonica’s decision to integrate AI-driven networking solutions underscores the growing importance of leveraging artificial intelligence to optimize data center operations. By embracing such technological advancements, companies like Telefonica are poised to achieve greater operational agility and scalability.

    This partnership between Nokia and Telefonica signifies a significant step towards integrating AI technologies into mainstream networking infrastructure, setting a precedent for the industry’s future endeavors in harnessing the power of artificial intelligence.

    Source: Tech-Economic Times

  • Grab’s AI-Powered Expansion Strategy Aims to Triple Profits by 2028

    This article was generated by AI and cites original sources.

    Southeast Asia’s leading ride-hailing and delivery company, Grab, is strategically leveraging artificial intelligence (AI) and expanding its services to increase profitability by 2028. In an interview at the company’s Singapore headquarters, Grab’s President and COO, Alex Hungate, outlined the company’s ambitious goals for the next three years, including a significant revenue growth target and tripling EBITDA to $1.5 billion by 2028.

    Grab’s focus has shifted from subsidy-driven expansion to profitability, with plans to optimize its super-apps by bundling rides, deliveries, and financial services to enhance monetization. Despite recently achieving its first full-year net profit in 2025 after years of fundraising, Grab’s 2026 revenue and EBITDA forecasts fell below Wall Street expectations, impacting its stock performance.

    Grab intends to enhance efficiency within its main app and delivery network to achieve its 2028 targets, capitalizing on its extensive user base to offer bundled services at a reduced cost. The company’s expansion into financial services also leverages its data analytics capabilities to provide more precise loan underwriting compared to traditional banks.

    Furthermore, Grab’s strategic acquisitions and operations in over 900 cities across Southeast Asia position the company to reshape the tech-driven service landscape in the coming years.

    Source: Tech-Economic Times