Arvind

IBM CEO Arvind Krishna has joined the Board of Directors of US India Strategic and Partnership Forum (USISPF), an official announcement said on Thursday. Krishna, the 62-year-old Indian-American CEO among other things, is also a member of the Board of Directors of the New York Federal Reserve Bank and serves on the Board of Directors of Northrop Grumman. "His knowledge about technology is unmatched, and his track record for leading market transitions in areas like hybrid cloud business, quantum computing, and artificial…

The political and business elites of the world gathered at Davos, Switzerland, this week for the annual World Economic Forum meet. In all, about 60 heads of state and 800 CEOs were in attendance among a total of 2,800 participants, as they discussed wide-ranging issues — from climate change to economic slowdowns — at both formal and informal gatherings. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIndian School of BusinessISB…

The annual World Economic Forum (WEF) meet in Davos couldn't get enough of the one concept that’s been the buzzword all of last year – artificial intelligence (AI). For top business leaders and policymakers attending the 5-day shindig, the benefits and threats posed by generative AI, and the response to the unprecedented changes it portends topped the agenda.As the annual meet wraps up today, here's a look at who said what.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

Indian software startups are under pressure to retool themselves this year to leverage artificial intelligence (AI) and integrate it in their product offerings and business models.At least half a dozen investors ET spoke to said it will be crucial for early-stage software companies to showcase how they are leveraging AI in their products to attract new investments in 2024.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIIT DelhiIITD…

Tech industry leaders, startup founders, investors and researchers from more than 30 countries will participate in the November 29 to December 1 ‘Bengaluru Tech Summit 2023’, said Priyank Kharge, Karnataka’s minister for information technology, on Saturday.The summit, with the theme 'Breaking Boundaries’, will have more than 75 sessions, more than 400 speakers, 350 startups, 600 exhibitors, and 20,000 business attendees.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteNorthwestern…

Roblox Chief Business Officer Craig Donato is leaving gaming and metaverse company Roblox, the company told Reuters on Friday.Donato has been at Roblox nearly seven years and will be departing at the end of the summer, the company said. Roblox, which operates a metaverse - a virtual place where people play and make transactions - gets 66 million daily users and is available on mobile devices, desktops, and Microsoft's Xbox. It is among the world's most popular gaming sites for children. The company said it promoted…

OpenAI chief executive officer Sam Altman believes remote work was one of the biggest mistakes of the tech industry and, as an experiment, it is “not a good fit for startups”. Altman, who was speaking recently at a conference organised by fintech major Stripe, said there is no technology available yet to enable complete remote work. “I think definitely one of the tech industry's worst mistakes in a long time was that everybody (thought they) could go full remote forever, and startups didn't need to be together. There was…

Electric two-wheeler sales took a beating in April, according to data from Vahan, a government database that tracks vehicle registrations, compiled by Elara Capital.This and more in today's ETtech Top 5.Also in this letter:■ BharatPe acquires 51% in NBFC Trillion Loans to bolster lending play■ Why are Indian startups imploding?■ ETtech Done DealsEV scooter sales slow down in April; Ola Electric grows marginally Electric two-wheeler sales took a beating in April recording unit sales of 66,810 scooters, down by about 23%…

International Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday.Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said, adding that 30% of non-customer-facing roles could be replaced by AI and automations in five years.His comment comes at a time when AI has caught the imagination of people around the world after the…

The startup industry wants the angel tax to be either scrapped or have its exemption threshold of Rs 25 crore raised. This and more in today’s ETtech Morning Dispatch Also in this letter:■ ETtech interview with HCLTech’s Shiv Nadar■ Edtech, gaming firms concerned over Data Bill’s age gating■ Manohar Kamath, Myntra’s private label head, resignsStartups want angel tax to be scrapped or exemption limit raised India’s startup industry is lobbying the finance ministry to either scrap the so-called angel tax or at least…