Meta's Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push
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Time of India
an hour ago
- Time of India
Billionaire Harsh Goenka shares how IIT graduate and ex-Goldman exec Abhishek Kumar worked as security guard before starting MyGate
Abhishek Kumar holds degrees from the presitigious IIT-Kapur and IIM Ahmedabad. (Pic credits- LinkedIn) Billionaire Harsh Goenka recently shared the extraordinary journey of Abhishek Kumar the co-founder of MyGate. Goenka recently took to social media platform X (formerly known as Twitter) to share a small incident about Kumar. An IIT-Kanpur and IIM-Ahmedabad alumnus, Kumar left his job at Goldman Sachs to work as a security guard. This experiment laid the foundation of his startup MyGate which now values Rs 1,670 crore. Billionaire Harsh Goenka shared how MyGate co-founder Abhishek Kumar worked as a security guard 'In 2016, IIT grad & ex-Goldman exec Abhishek Kumar became a security guard working 14-hour shifts. That experience of understanding pain points led to his creating MyGate: now in 25,000+ communities, 100M+ check-ins/month. Moral: To build for others, first walk in their shoes,' wrote Goenka in a post on X. Kumar's decision to work as security guard was part of his immersive research. Kumar spent weeks working a security guard to understand their daily challenges such as handling cals, manually logging visitors, managing complaints and more. These valuable insights helped him in the creation of MyGate. For those unaware, MyGate is a digital platform which works towards streamlining the security, visitor access and more. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You To Read in 2025 Blinkist: Warren Buffett's Reading List Undo MyGate was founded in 2016 by Abhishek Kumar, Shaurya Chakra awardee Vijay Arisetty, and tech entrepreneur Shreyans Daga. The startup now serves 4 million residents across 25,000 housing societies, facilitating more than 100 million monthly check-ins. Now the startup has expanded to smart locks , home automation and insurance distribution. In 2022, the startup raised around Rs 100 crore in 2022 from Urban Company and Acko, and its revenue jumped from Rs 77 crore in FY23 to Rs 109 crore in FY24. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 hours ago
- Time of India
Trump joins tech and energy executives amid AI push
Academy Empower your mind, elevate your skills President Donald Trump will join executives from some of the largest US tech and energy companies for a summit in Pittsburgh on Tuesday as the administration prepares fresh measures to power the US expansion of artificial economic rivals US and China are locked in a technological arms race over who can dominate AI as the technology takes on increasing importance everywhere from corporate boardrooms to the Energy and Innovation Summit at Carnegie Mellon University is expected to bring tech executives and officials from top energy and tech firms including Meta , Microsoft, Alphabet and Exxon Mobil to discuss how to position the US as a leader in will use the summit - put together by U.S. Senator Dave McCormick, a Republican ally from Pennsylvania - to announce some $70 billion in artificial intelligence and energy investments in the state. Big Tech is scrambling to secure vast amounts of electricity supplies to power the energy-guzzling data centers needed for its rapid expansion of artificial CEOs expected to attend include Khaldoon Al-Mubarak of Mubadala, Rene Hass of SoftBank, Larry Fink of BlackRock, Darren Woods of ExxonMobil, Brendan Bechtel of Bechtel and Dario Amodei of White House is considering executive actions in the coming weeks to make it easier for power-generating projects to connect to the grid and also provide federal land on which to build the data centers needed to expand AI technology, Reuters previously administration is also weighing streamlining permitting for data centers by creating a nationwide Clean Water Act permit, rather than requiring companies to seek permits on a state-by-state Sommers, head of the influential American Petroleum Institute, said executive action is welcomed to unlock the energy needed to power the data centers, but a more durable solution is needed."Real durable permitting reform requires an act of Congress, not just an executive order," Sommers said in an interview with ordered his administration in January to produce an AI Action Plan that would make "America the world capital in artificial intelligence" and reduce regulatory barriers to its rapid report, which includes input from the National Security Council, is due by July 23. The White House is considering making July 23 "AI Action Day" to draw attention to the report and demonstrate its commitment to expanding the industry, Reuters has power demand is hitting record highs this year after nearly two decades of stagnation as AI and cloud computing data centers balloon in numbers and size across the demand is also leading to unprecedented deals between the power industry and technology companies, including the attempted restart of the Three Mile Island nuclear power plant in Pennsylvania between Constellation Energy and surge has led to concerns about power shortages that threaten to raise electricity bills and increase the risk of blackouts, while slowing Big Tech in its global race against countries like China to dominate artificial intelligence.
Time of India
2 hours ago
- Time of India
European project Eurosky aims to reduce reliance on US tech giants
Academy Empower your mind, elevate your skills A group of European technology entrepreneurs has unveiled the Eurosky initiative , a government-backed project to create infrastructure for social media offerings and reduce reliance on US tech giants The project, spurred partly by polling data showing strong demand in Europe for locally based social media, launches on Tuesday and plans to use a decentralised moderation platform, similar to that behind the Bluesky social media - or trying to curb undesirable, illegal or criminal content ranging from stolen data to child pornography from a platform - remains a key barrier to entry for new social media hopefuls trying to offer alternatives to platforms like Meta 's Facebook or Instagram. Eurosky 's non-profit moderation service plans to outsource this process for social platform operators, said Sherif Elsayed-Ali, a participant in the by YouGov for advocacy groups People vs Big Tech and WeMove Europe showed majorities in France, Germany, and Spain favor Europe-based social media platforms, with only 5% of respondents preferring US-based emphasised the importance of digital sovereignty, stating, "The information space is something that should be governed by our laws, our values, our rules, and not subject to control by anyone-company or foreign government."He said the project had initial backing from four European governments but he could not disclose who they month, Reuters published data revealing a modest shift in European users' usage from US-based providers of email and search towards European-based providers. This was partly driven by concerns over digital sovereignty and ties between U.S. tech leaders and the Trump participants include Sebastian Vogelsang, the developer behind Flashes, an Instagram rival built on Bluesky and Robin Berjon, a former data strategist for The New York Times.
