On Thursday, hours after Prime Minister Narendra Modi met CEO Sanjay Mehrotra in the US and invited him to boost Semiconductor manufacturing in India, global Semiconductor major Micron announced plans to build a new assembly and test facility in Gujarat with its investment of 825 million dollars. The headline and an excerpt from each story are included in the list below. Clicking on the press release headlines will take you to multimedia assets that are available for download.
By the end of the year, the company believes it will achieve operating income profitability. According to a report by The Wall Street Journal, the latest job cuts target 35 per cent of the recruiting team. Since the coronaviruses began, the company has reduced its workforce by 17 percent. “These three investment decisions will create a minimum of 80,000 jobs directly in my estimate and the numbers could be much higher,” Chandrasekhar said.
The company is accused of going back on its commitment to grant bonuses to employees who remained with the company during the first quarter of 2023. A lot of fields, including financial services, consumer goods, healthcare and entertainment, have been inspired by OpenAI’s chatGPT and Dall E. The market for generative artificial intelligence could grow by 42% by 2032. Major artificial intelligence companies, including Microsoft Corp. and Alphabet Inc.’s Google, have committed to participating in an independent public evaluation of their systems. The Commerce Department was considering rules that could require models to go through a certification process before being released. The rapid growth of the artificial intelligence industry has spurred governments and regulators to try to keep an eye on its development.
The Production Of Apple In India Is Expected To Increase
Big social media firms such as Meta, Google’s YouTube and TikTok are often under regulatory scrutiny over their content. He said that technology featured in talks, not in a limited way, but technology cooperation across theecosystem. He told reporters in a media briefing that technology was one of the most important substantive outcomes. It might be difficult to reach for a phone during an emergency.
The partnership between India and the US will shape the future of technology. The Minister of State for Electronics and IT termed the announcements by Micron Technology, Applied Materials and Lam Research as a significant and meaningful milestone. It will soon be easier for people with visual impairments to use PDFs. The company adds technology to its browser that converts PDF files to text, making them more accessible. YouTube channels will be able to increase their audience with the use of artificial intelligence. Even in today’s far from perfect performance situation, the tool will be useful.
To help journalists covering the business technology industry stay on top of the week’s most interesting and popular releases, here’s a list of stories from the week. There are new uses for artificial intelligence in content creation and money-laundering prevention in this week’s technology industry press releases. A group of employees have filed a lawsuit against the social media company, accusing it of breaching its promise to pay out bonuses.
Europe Has Tough New Big Tech Rules
Climate change, trade and regional security were some of the important issues discussed by PM Modi with US President Joe Biden. Collaborations in technology, healthcare and defence were announced during the visit. He said that the visit serves as a significant milestone in furthering the strategic partnership between India and the United States. At a time when the dangers of artificial intelligence are being discussed and how it might make certain jobs obsolete, human resource (HR) professionals are using Openai’s chatbot to do almost everything at work.
The SANAND Industrial Park in Gujarat was selected by Micron due to its manufacturing infrastructure, business environment and talent pool. The construction of the new assembly and test facility in Gujarat is expected to begin in the year 2023. The first phase with half a million square feet of space will be up and running in the late 20th century. The employees were reassured by the executives that the bonuses would be paid.
The company’s election preparedness efforts are in focus as the United States prepares for the presidential elections next year. “In this case, the speaker’s intent, the content of the speech and its reach, as well as the likelihood of imminent harm … all justified removing the post,” said the Oversight Board, whose recommendations are not binding on Meta. Some Southeast Asian governments have frequently requested that content be taken down. Track Latest News Live on NDTV.com and get news updates from India and around the world. To strengthen semiconductor supply chains, Micron Technology, a prominent American chipmaker, with support from the India Semiconductor Mission, will invest more than $800 million toward a new $2.75 billion semiconductor assembly and test facility in India. Technology cooperation featured prominently in the discussion between India and the US, Foreign Secretary Vinay Mohan Kwatra today said, while highlighting the most substantive outcomes of the ongoing state visit of Prime Minister Narendra Modi.
Lam Research proposes to train 60,000 Indian engineers through its Semiverse Solution virtual fabrication platform to accelerate India’s semiconductor education and workforce development goals. The centre will focus on the development and commercialisation Urban Access of technologies for semiconductor manufacturing equipment. We mostly look at U.S. roles, but also feature other locations, and cross-reference companies with our Layoffs Tracker to avoid featuring those that recently laid off employees.
Journalists can set up a custom newsfeed with PR Newswire to be notified of releases that are relevant to their coverage area. Stay up to date with the latest business technology releases by following the PRNtech account on social media. American Express now offers virtual cards, as well as other accounting tech news, such as the launch of Digits artificial intelligence for small businesses. Prime Minister Narendra Modi is on a historic State Visit to the US, meeting with President Joe Biden as well as several notable American CEOs and leaders. While PM Modi and Biden plan to bring in the next generation of US India defence ties with an incredible focus on tech, it appears that a billionaireentrepreneur has claimed to be a fan of the prime minister.