News
Europe's banks embrace AI " and confront the price of dependence on US tech
6+ hour, 11+ min ago (320+ words) The Economic Times The Economic Times daily newspaper is available online now. Europe's banks embrace AI " and confront the price of dependence on US tech The finance industry is rapidly adopting AI, but soaring costs for computing power and AI…...
Cashfree Payments revenue hits Rs 1, 000 crore in FY26; company eyes operational profit in FY27
19+ hour, 13+ min ago (59+ words) Fintech firm Cashfree Payments announced a revenue of Rs 1, 000 crore for FY26. The company anticipates operational profit in the current financial year. Gross transaction value saw a significant increase. Cashfree Payments achieved EBITDA profitability in March 2026 and aims for full-year EBITDA…...
Huawei touts new chipmaking technology to sidestep US restrictions
20+ hour, 9+ min ago (64+ words) Chinese tech giant Huawei said on Monday it had developed a new way of making semiconductors that could get around its US-enforced lack of access to the most advanced chipmaking equipment. Huawei has been at the centre of a geopolitical…...
With AI manifesto, Leo joins pantheon of popes who urged world to change
19+ hour, 47+ min ago (58+ words) Pope Leo XIV has released a new document, "Magnifica Humanitas," calling for global leaders to regulate artificial intelligence. This marks the latest in a long tradition of papal calls for social justice. The Pope warns that AI could spread misinformation…...
Flipkart revamps Shopsy to take on Meesho, Amazon Bazaar in value commerce segment
1+ day, 10+ hour ago (35+ words) Shopsy has over 450 million app downloads and delivers across more than 20, 000 pin codes, but did not disclose its annual transacting users or order volumes. The company also declined to comment on specifics....
Who is He Tingbo? Meet China’s “Chip Queen” Who Helped Huawei Survive America’s Tech Ban: She got $400 million and a dream; now she's the woman who defied America's tech blockade - who is China's 'Chip Queen'?
21+ hour, 34+ min ago (336+ words) She was handed $400 million and one impossible mission — make Huawei independent from foreign chips. Years later, He Tingbo emerged as Chinas powerful “Chip Queen, ” leading the company through brutal US sanctions and Americas tech blockade. From building Kirin processors to…...
India's AI ambitions hinge on workforce re-skilling: IBM India head
21+ hour, 50+ min ago (49+ words) India must unite government, companies, and academia for AI advancement. A young workforce offers a significant advantage. Skilling initiatives are crucial for a large AI-trained population. Stronger intellectual property protection is also vital for innovation. IBM is expanding its presence…...
Anthropic's Chris Olah says AI must be guided from outside Big Tech
23+ hour, 18+ min ago (29+ words) Speaking at the presentation of Pope Leo's first encyclical on artificial intelligence, Olah said there was "a real possibility" that AI will displace human labor "at very large "scale"....
Pope Leo just dropped a 43, 000-word warning about AI, says it could lead humanity into 'unending war"
1+ day, 1+ hour ago (51+ words) Pope Leo's first major papal document addresses artificial intelligence. He warns that private companies hold too much power in AI development. This concentration risks creating new inequalities and making governance difficult. The Pope calls for robust legal frameworks and international…...
Pope Leo warns some AI weapons 'practically beyond' human control
23+ hour, 19+ min ago (33+ words) The first U. S. pope said the Catholic Church wanted "to work with AI developers to "discuss "the "proper use of the technology, and said humans should "maintain key controls of AI systems....