Google's AI Mode Revolution: Tech Specialist Unpacks Game-Changing Move
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India.com
23 minutes ago
- India.com
Bad news for Indians as Meta, Amazon, Google, Microsoft may now stop hiring Indians because....
Bad news for Indians- Representative AI image Bad news for Indians: In a matter of bad news for thousands of India who are aspiring to take jobs in American tech giants like Google, Meta and Microsoft, US President Donald Trump has called for avoiding 'radical globalism' pursued by some of the country's firms. In his recent statement, the US President has suggested to stop building factories' and 'hiring workers' from countries including India. Here are all the details you know about the recent statement from US President Donald Trump and how it will impact Indians. What has Donald Trump said on hiring Indians? 'For too long, much of our tech industry pursued a radical globalism that left millions of Americans feeling distrustful and betrayed. And you know that,' Trump said. 'Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India, and slashing profits in Ireland. You know that. All the while dismissing and even censoring their fellow citizens right here at home,' Trump said ahead of unveiling his administration's 'AI Action Plan.' What Donald Trump said on AI infrastructure? Trump signed three new executive orders: expediting permitting for AI infrastructure, boosting exports of US-developed AI, and banning federal procurement of AI systems with political or ideological bias. During his remarks at the AI Summit, Trump urged US tech companies to be 'all in for America.' 'We want you to put America first. You have to do that. That's all we ask. That's all we ask to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI action plan. Big stuff,' Trump said.
Time of India
23 minutes ago
- Time of India
In earnings season, it's AI good, everything else, not so much
Businesses focused on artificial intelligence are raking it in so far this earnings season. Those catering to actual people, less AI spending surge is providing a big boost for semiconductor and software giants like Google parent Alphabet , while companies from airlines to restaurants and food manufacturers are struggling to navigate an erratic U.S. trade policy which is boosting costs, upending supply chains and hurting consumer with Alphabet, SK Hynix and India's Infosys exceeded market forecasts on Thursday and predicted brighter days to come, with Alphabet and SK Hynix both flagging plans to boost spending. SK supplies the world's most valuable company Nvidia, the AI chipmaking giant that recently surpassed $4 trillion in market contrast, executives at many consumer names were less enthusiastic, from luxury bellwether LVMH, packaged food giant Nestle , to toymakers Hasbro and Mattel and airlines Southwest and American . They, along with automakers and giants like Coca-Cola, have indicated that some segments of the buying public have pulled in their spending as prices and interest rates remain dichotomy is evident in IBM's results. Sales in Big Blue's "AI book of business" grew 25 percent in its most recent quarter to $7.5 billion, while its software segment fell short of expectations and the company sounded cautious about how much its consulting segment might grow this year. The equity market has accentuated the positive. News that the U.S. had struck a trade deal with Japan and was closing in on a deal with the European Union ahead of an Aug 1. deadline boosted markets. The broad S&P 500 notched another record this week and the Eurostoxx was just a few points shy of that mark."The market is getting friendly with a view that tariffs ending up higher than they have ever been for 100 years will not have a negative impact on economic growth, because we haven't seen any negative impact on economic growth so far," said Van Luu, head of solutions strategy, fixed income and foreign exchange at Russell companies continue to absorb that hit remains to be seen. So far, companies have reported over July 16-22 a combined full-year loss of as much as $7.8 billion, with automotive, aerospace and pharmaceutical sectors hurt the most by tariffs, according to a Reuters tariff tracker. U.S. averages have been buoyed by the so-called Magnificent Seven, a group of tech giants that has benefited heavily from spending plans on artificial intelligence, and currently accounts for more than 30% of the value of the S&P."AI is one of the strongest areas of growth for the economy, and the market mirrors the economy," said Adam Sarhan, chief executive of 50 Park Investments. To be sure, the market's reaction may be in part because a larger-than-normal percentage of companies are clearing a lowered bar for estimates. At the beginning of April, the market expected 10.2% year-over-year S&P earnings growth, but by July, that number had dropped to 5.8%, according to LSEG data. With about 30% of constituents reporting results, the blended earnings growth rate sits at 7.7%.AI-focused businesses continued to print money in the most recent quarter. Nvidia supplier SK Hynix posted record quarterly profit, boosted by demand for artificial intelligence chips and customers stockpiling ahead of potential U.S. tariffs. Indian IT services provider Infosys raised the floor of its annual revenue forecast range to 1% to 3%, from flat to 3%, matching analyst expectations. "The tech community is going ahead full speed ahead... and banks are in a very strong position now," said Bill George, former chairman and CEO of Medtronic and executive education fellow at Harvard Business School. "Other companies will struggle to get growth."Consumer companies have been less upbeat. Nestle, the world's biggest packaged food maker, reported softer demand as it struggled to win thrifty shoppers to its big brands.U.S. airlines Southwest and American Airlines warned that Americans are travelling less, the latest signal that U.S. consumers are remaining cautious about their spending. Toymakers Mattel and Hasbro both said uncertainties around tariffs are acting as a headwind. Carmakers are among firms dealing with the most difficulty. The auto giants are resisting raising prices, eating the cost of tariffs that may cost them millions or billions of dollars. Levies on metals, copper and auto parts made it harder to navigate changing tariff policies. South Korea's Hyundai Motor on Thursday posted a 16% decline in second-quarter operating profit, saying U.S. tariffs cost it 828 billion won ($606.5 million) in the second quarter, with a bigger hit expected in the current quarter. General Motors still expects a $4 billion to $5 billion hit to its bottom line this year. On Wednesday, Tesla Chief Executive Elon Musk said U.S. government cuts in support for electric vehicle makers could lead to a "few rough quarters", as his firm reported its worst quarterly sales decline in over a decade.
News18
an hour ago
- News18
Airbus & Rolls-Royce To Deliver Aircraft, Engines To Indian Airlines In 5-Billion GBP Deal
Last Updated: The companies are among 26 other British firms that have secured new business in India under the historic free trade agreement signed by India and UK In a significant deal for the aviation sector under the historic free trade agreement signed between India and UK on Thursday, Airbus and Rolls-Royce will soon begin delivering aircraft and engines to major Indian airlines as part of contracts worth 5 billion GBP. More than half of the Airbus aircraft are powered by Rolls-Royce engines. This lucrative deal will not only boost India's aviation sector but help sustain jobs in various company sites in the UK – namely, Filton, Broughton and Derby. Airbus is headquartered at Blagnac in France, while Rolls-Royce is based out of Derby in the UK. This deal is part of 26 British companies that have secured new business in India. Deccan Chronicle reported that the International Aerospace Manufacturing Private Limited (IAMPL) – a joint-venture between Rolls-Royce and Hindustan Aeronautics Limited (HAL) – is expanding its manufacturing in Hosur facility with an investment of 30 million GBP. This deal will further give India access to advanced aircraft and efficient engines like the Rolls-Royce Trent XWB, enhancing connectivity and supporting India's ambition to expand its commercial aviation infrastructure. NDTV reported that the other British companies on the list that will now invest in India include Carbon Clean, a carbon capture service provider, which will invest 7.6 million GBP in a Mumbai office. UK-based medical technology firm Occuity, which creates handheld, non-contact optical devices for eye measurements, has signed a 74.3 million GBP export deal with India's Remidio Innovative Solutions. Johnson Matthey, a specialty chemicals firm, has secured contracts worth more than 20 million GBP, the report said. Global business intelligence and event management agency The Marcus Evans Group is set to open a new office in Mumbai with an export/investment pipeline of 69 million GBP over five years, NDTV said. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
