Promises, problems

Posted on   11:59 am

Will the new Congress government implement the five ‘guarantees’ that helped it in part to wrest power from the BJP in toto or will they now add a “conditions apply” clause ? All eyes now seem to be on this, as the Siddaramaiah-led government assumes office on Saturday.

Indigo reports best ever fourth quarter

Posted on   11:50 am

IndiGo continued on the path of profitability as it reported its best-ever fourth-quarter net profit of Rs 9,192 million for the quarter ended March 2023, a 155 per cent jump year-on-year. Excluding foreign exchange gain of Rs 2,528 million, the net profit for the quarter aggregated to Rs 6,664 million.

Meta working on new AI chip

Posted on   11:41 am

Meta (formerly Facebook) is building its first-generation custom silicon chip for running artificial intelligence (AI) models, saying its AI compute needs will grow dramatically over the next decade as we break new ground in AI research.