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Spain Space Summit: Europe urged not to repeat tech underdog role ahead of talks
Economic Times
·
1y ago
Medial
Europe is being urged not to fall behind in the emerging space economy as more than 20 countries gather in Spain for a space summit. The European Space Agency (ESA) is set to discuss funding for the delayed Ariane 6 rocket, climate change, and Europe's potential role in space exploration. The summit comes as Europe faces challenges in autonomous access to space due to delays in rocket development and limited access to other launch options. The ESA Director General emphasized the importance of Europe's participation in the growing space economy and called for avoiding past mistakes in the technology sector.
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Resist Russian disinformation as elections loom, EU tells Big Tech
Economic Times
·
1y ago
Medial
The European Commission has urged tech giants like Google, Microsoft, Meta Platforms, and TikTok to take stronger action against Russian disinformation campaigns ahead of upcoming elections in Europe. Concerns have grown regarding the spread of fake news and disinformation ahead of parliamentary elections in Slovakia and Poland, as well as the European Parliament elections next year. The companies have submitted data on their efforts to combat fake news under the EU code of practice on disinformation. The call comes as Russia continues to engage in information warfare, polluting the information space with half-truths and lies.
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‘India leads in AI adoption’: PM Modi addresses plenary session at AI Action Summit in Paris
Economic Times
·
6m ago
Medial
During the AI Action Summit in Paris, Prime Minister Narendra Modi, alongside French President Emmanuel Macron, emphasized a collaborative approach to artificial intelligence. Addressing the summit, Modi highlighted key concerns such as transparency, quality data, cybersecurity, and the potential for AI to create jobs while promoting green energy. The summit, part of Modi's three-day visit to France, also included bilateral talks and engagements with business leaders, focusing on AI's role in shaping the future.
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"Today, India is emerging as global hub for film production, digital content, gaming": PM Modi at Waves Summit
Economic Times
·
4m ago
Medial
Prime Minister Narendra Modi highlighted India's emerging role as a global hub for film production, digital content, gaming, and more at the World Audio Visual and Entertainment Summit (WAVES) 2025. He emphasized the growth potential of India's creative economy and urged young creators to drive innovation. WAVES aims to showcase India's media prowess and expand its global footprint. The summit includes global participation, promoting creativity while preserving cultural richness in a technology-driven era.
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Private capital crucial for sustainable development: FM Sitharaman
YourStory
·
2m ago
Medial
Finance Minister Nirmala Sitharaman emphasized the critical role of private capital in sustainable development during a summit in Spain. She highlighted the increasing importance of private investment amidst volatile FDI flows and global uncertainties. Sitharaman stressed the need for mobilizing private capital to drive inclusive economic growth and called for coordinated efforts to overcome investment barriers. She also advocated for reforms in sovereign credit rating methodologies to better reflect emerging market economies' strengths, aiming to unlock greater private investment volumes.
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DFS Secretary urges fintechs to focus on driving offline payment solutions
Economic Times
·
1m ago
Medial
Department of Financial Services Secretary M. Nagaraju urged fintechs to enhance offline payment solutions to boost financial inclusion. At the CII Summit, he emphasized financial inclusion's role in economic growth and its connection to seven UN Sustainable Development Goals. Progress in India was highlighted with the Pradhan Mantri Jan Dhan Yojana, which increased bank account access from 35% in 2014 to 99% today, integrating millions into the formal financial system.
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FCC head Brendan Carr tells Europe to get on board with Starlink
Arstechnica
·
4m ago
Medial
FCC Chair Brendan Carr urged Europe to align with US technology, particularly Starlink, amid growing concerns over Chinese influence. Carr criticized EU regulators for their bias against US tech companies and warned of the geopolitical divide between the West and China in AI and satellite tech. He emphasized the need for European countries to make strategic decisions regarding technology partnerships, highlighting the security implications of aligning with Chinese tech alternatives.
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’AI is rewiring technology and accelerating human ingenuity,’ Sundar Pichai urges policymakers to consider its benefits | Mint
Livemint
·
6m ago
Medial
Google CEO Sundar Pichai highlighted AI's transformative potential as a major technological shift, emphasizing its role in enhancing human ingenuity at a Paris summit. He announced Google's partnership with Institut Curie for AI-powered cancer treatment and affirmed Google's $75 billion AI investment plans. Although AI's rapid growth raises societal concerns, Pichai urged policymakers to focus on long-term benefits, advocating for accessible technology and bridging the digital divide to maximize AI's positive impact.
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Beyond Nvidia: the search for AI's next breakthrough
Economic Times
·
1y ago
Medial
Nvidia's dominance in the AI chip market has raised questions about whether new players can compete in the AI space. While Nvidia's success has boosted the tech sector as a whole, startups seeking venture capital are being urged to innovate in areas where existing model makers like OpenAI and Google have not yet established dominance. Some experts suggest that specialized chip design and highly specific AI applications, such as providing expertise based on proprietary data, are areas with potential for growth and differentiation from big tech players.
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Funding is no longer a major issue for startups in India: Paytm’s Vijay Shekhar Sharma
Economic Times
·
4m ago
Medial
Vijay Shekhar Sharma, CEO of Paytm, stated that funding is no longer a significant issue for Indian startups, with capital availability improving. Speaking at the TIE Delhi-NCR summit, Sharma highlighted that India’s startup ecosystem is recovering from the 2023 funding slowdown. He noted a shift, with startups actively recruiting talent domestically. Sharma emphasized the role of AI in democratizing knowledge and urged Indian startups to innovate beyond delivery platforms into sectors like AI and robotics.
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Mini US trade deal likely as genetically modified door ajar
Economic Times
·
1m ago
Medial
India and the US are making progress towards an interim trade deal. India is open to importing certain genetically modified farm products for animal feed but remains cautious about GM corn and soybean imports. The US seeks tariff reductions across several sectors, while India demands market access for its textile and electronics industries. Talks are ongoing, with potential agreements ahead of the Quad summit. Both countries are navigating complex trade dynamics, including proposed tariffs and geopolitical tensions.
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