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ETtech Explainer: All you need to know about Google's Axion data centre processors

Economic Times

Economic Times · 1y ago

ETtech Explainer: All you need to know about Google's Axion data centre processors

Google Cloud has introduced Axion, its first custom-built Arm-based central processing unit (CPU). This move aims to enhance the company's AI capabilities within its data centres, as other cloud providers like Amazon Web Services (AWS) and Microsoft have already incorporated Arm CPUs into their computing services. Axion, built on Arm's Neoverse V2 technology, supports various general-purpose processes and will be accessible to Google Cloud customers later in 2024. Notable customers and partners interested in Axion include Broadcom, CrowdStrike, Snap, Datadog, and Elastic.

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Google just unveiled a new weapon against Microsoft and Amazon in the AI arms race

Business Insider

Business Insider · 1y ago

Google just unveiled a new weapon against Microsoft and Amazon in the AI arms race

Google has announced its partnership with Arm to develop its own CPU called Axion, joining competitors like Amazon and Microsoft who have already created custom Arm-based processors. The move is part of Google's efforts to enhance its computing resources, with Axion set to improve performance for general-purpose workloads such as open-source databases, web servers, and AI training. The company claims Axion will deliver 30% better performance than existing Arm-based chips in the cloud and improve energy efficiency by 60%. Google's decision to create its own AI chips may create competition with partners like Nvidia and Intel while potentially cutting costs.

ETtech Explainer: All you need to know about Unified Lending Interface (ULI)

Economic Times

Economic Times · 10m ago

ETtech Explainer: All you need to know about Unified Lending Interface (ULI)

The Reserve Bank of India (RBI) is set to launch the Unified Lending Interface (ULI) to transform the lending landscape in the country. ULI, designed by the RBI Innovation Hub, aims to streamline the flow of digital information between data service providers and lenders, facilitating faster credit appraisal and delivery. This platform will help address the unmet credit demand in sectors like agriculture and MSMEs, by digitizing access to customer data that is currently scattered across various entities. The RBI governor believes ULI will have a transformative impact, similar to the success of the Unified Payments Interface (UPI) in the payments space.

ETtech Explainer: Google’s second big antitrust trial in US

Economic Times

Economic Times · 10m ago

ETtech Explainer: Google’s second big antitrust trial in US

The US Department of Justice (DoJ) is set to face Google in its second major antitrust trial, focused on the tech giant's monetization strategies for advertising. The DoJ argues that Google's practices are unfairly harming the industry. This trial is part of a broader push by President Biden's administration to regulate Big Tech using antitrust laws. The case follows a recent ruling that found Google had illegally monopolized online search. The trial will center on Google's adtech business, which accounts for the majority of its revenue, and the DoJ's claims that the company has engaged in monopolistic behavior.

ETtech Explainer: Why are Indian startups up in arms against Google Billing?

Economic Times

Economic Times · 1y ago

ETtech Explainer: Why are Indian startups up in arms against Google Billing?

Indian app developers have been raising concerns over Google's billing policies, claiming that they will affect their revenue. Apps like Shaadi.com and BharatMatrimony.com were delisted for not complying with Google's billing system but were later restored without in-app payment options. Startups argue that Google's near monopoly in the app publishing industry allows them to impose exorbitant fees. Google charges between 15% and 30% per transaction, while other payment aggregators charge almost zero to 4%. Startups are considering building their own app stores to avoid Google's high rates. The Payments Council of India suggests enacting laws to prevent such fees.

Startup Lingo – 101 Terms You Need to Know (From A to Z)

Internet

Internet · 2m ago

Startup Lingo – 101 Terms You Need to Know (From A to Z)

Whether you're building on your first startup idea or are a seasoned entrepreneur, there's a good chance you will come across a startup term or phrase you're either unsure of or just need to double-check. We are here to get you up to speed and help decipher all things startup. This definitive word list has everything you need to know to help you on your startup journey. Have this list with you, and you'll always have a reference to be on top of all the jibberish startup lingo 🚀

ETtech Explainer: Legal tussle between OpenAI and NYT

Economic Times

Economic Times · 1y ago

ETtech Explainer: Legal tussle between OpenAI and NYT

Microsoft and OpenAI are seeking to dismiss parts of The New York Times' (NYT) lawsuit, claiming that the news organization did not show any substantial harm or revenue diversion caused by their AI models. The lawsuit, filed in December 2023, alleges that Microsoft and OpenAI are attempting to create a substitute for the NYT's journalism. The defendants argue that the AI tools are not a direct substitute for the NYT's content and that training AI models on public data falls under fair use. The legal battle raises questions about the intersection of AI and copyright law.

ETtech Explainer: What the draft rules mean for your personal data

Economic Times

Economic Times · 6m ago

ETtech Explainer: What the draft rules mean for your personal data

The Digital Personal Data Protection (DPDP) Act's draft rules, released by the government, outline new obligations for handling consumer data, emphasizing user consent, data duration, and deletion. For minors, parental consent is now required for social media access. Data localization mandates retention of personal data within national borders. Entities must ensure data protection and notify breaches. Significant data fiduciaries are tasked with annual impact assessments, reporting to the Data Protection Board, impacting how data management procedures are conducted.

Google unveils Arm-based data center processor, new AI chip

Economic Times

Economic Times · 1y ago

Google unveils Arm-based data center processor, new AI chip

Google announced a new version of its data center artificial intelligence chips, as well as an Arm-based central processor. The tensor processing units (TPUs) are seen as a viable alternative to Nvidia's advanced AI chips and can be accessed through Google's Cloud Platform. The new Arm-based CPU, named Axion, offers superior performance to x86 chips and general-purpose Arm chips in the cloud. Google aims to make it easy for customers to bring their existing workloads to Arm without the need for re-architecting or re-writing their apps. The TPU v5p chip, which offers twice the performance of the previous generation, is now available on Google Cloud.

ETtech Explainer: What to know about Byju’s boardroom battle and shareholder resolutions

Economic Times

Economic Times · 1y ago

ETtech Explainer: What to know about Byju’s boardroom battle and shareholder resolutions

At an extraordinary general meeting (EGM), Byju's shareholders voted to remove founder Byju Raveendran as CEO and restructure the board. The resolutions passed by the shareholders addressed governance, financial mismanagement, and compliance issues. Shareholders called for a new board composition and change in leadership. However, Byju's claims the resolutions are invalid due to lack of necessary quorum. The matter will be heard by the Karnataka High Court on March 13. Additionally, investors have filed a petition in the National Company Law Tribunal to block a $200-million rights issue, alleging lack of transparency.

ETtech Explainer: All you need to know about OpenAI’s rival Mistral AI

Economic Times

Economic Times · 1y ago

ETtech Explainer: All you need to know about OpenAI’s rival Mistral AI

Microsoft has partnered with French AI startup Mistral AI, allowing Mistral's AI models to run on Microsoft's Azure cloud platform. Microsoft will acquire a minority stake in Mistral AI. Mistral AI's latest model, Mistral Large, will be made available to Azure customers. The company has previously signed similar deals with Google and Amazon to distribute its models. Mistral AI's Mixtral 8x7B model claims to outperform competitors on performance benchmarks while using a cost-efficient methodology. Mistral AI recently raised $415 million in a funding round, bringing its valuation to around €2 billion. The startup is led by CEO Arthur Mensch and co-founders Guillaume Lample and Timothee Lacroix.

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