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Time of India
5 days ago
- Business
- Time of India
AMD CEO Lisa Su predicts demand for AI chips may increase to $500 billion; says US is going to…
AMD CEO Lisa Su has said that the global demand for AI chips could rapidly increase to more than $500 billion in a few years. Speaking at an event hosted by the Hill and Valley Forum, Su said that the growth will be driven by infrastructure demands from companies such as Elon Musk's xAI and Sam Altman's OpenAI. "We're imagining that just the accelerator market—so the chips for these AI large computing systems—will be like over $500 billion in a couple of years," Su said. Lisa Su further stated that scaling production alone won't be enough. 'You have to scale the entire ecosystem,' she said. 'The US is going to be a huge piece of it.' AMD CEO Lisa Su on Trump's AI action plan Lisa Su called the Trump administration's action plan 'a really excellent blueprint' to support AI growth in the US. 'What I really like about the AI action plan is that it's quite actionable,' she said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indian Investors Are Buying These Dubai Apartments—Here's Why Binghatti Developers FZE Explore Undo Alongside her market projections, Su said AI will drive a wide range of chip designs tailored for different sectors. 'I am a believer in there will be diversity of chips,' she said, predicting a 'Cambrian explosion' of custom chips as AI expands into fields like science, personal devices, and manufacturing. AMD and its rival Nvidia were recently given a break from the US rules that limited the export of certain AI chips to China. Lisa Su said that going forward, policy needs to be balanced, adding that allowing shipments to US allies will help make sure the country's technology remains foundations to AI systems everywhere. 'It's a tricky dribble,' she said. 'I think the administration has been doing a good job of working with us.' Samsung Galaxy Z Fold7: 7 UNMATCHED Features No Other Foldable Has! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
7 days ago
- Business
- Time of India
H-1B visa data reveals how much Amazon pays engineers, Data Scientists, financial analysts in the US
Amazon , which has a global workforce of 1.5 million employees, has about 11,300 foreign workers in the first quarter of 2025, according to publicly available filings for H-1B visa holders. This visa allows US employers to hire foreign workers, like the ones from India, in specialty occupations at their companies. The filings also offer a glimpse into the compensation that the ecommerce giant pays for specific roles, including a software engineer, data scientist and product manager. Based on the data, Business Insider reported that a Software Engineer at Amazon Web Services gets up to $185,000, while a software development engineer at can make $263,700. However, data scientists can make as much as $230,900 while technical product managers can earn up to $235,200. Here's a look at the salary range of H1-B employees at Amazon: Division Role Salary Range (USD) Amazon Data Services Software Development Engineer $108,826 – $223,600 Amazon Development Center US Software Development Engineer $95,493 – $260,600 Amazon Web Services Business Intelligence Engineer $96,678 – $176,012 Enterprise Account Engineer $103,605 – $238,965 Professional Services $105,997 – $218,200 Software Development Engineer $84,094 – $223,600 Solutions Architect $112,474 – $225,000 Support Engineer - External $63,835 – $160,000 Services Applied Scientist $83,491 – $260,000 Business Analyst $79,518 – $143,100 Business Intelligence Engineer $193,200 Data Engineer $70,262 – $236,344 Data Scientist $92,040 – $230,900 Financial Analyst $94,300 – $204,028 Manager, Software Development $148,950 – $287,700 Product Manager $109,782 – $200,000 Product Manager - Technical $136,843 – $235,200 Program Manager $81,600 – $162,700 Quality Assurance Engineer $86,320 – $185,000 Software Development Engineer $85,384 – $263,700 Supply Chain Manager $77,200 – $168,000 System Development Engineer $105,997 – $198,000 Technical Program Manager $108,098 – $231,400 Citing an Amazon spokesperson, BI reported that compensation packages at the company are tailored to the employee's role and level, but also take into account their location, performance, and other specific factors. The company's goal, according to a spokesperson, is to attract and retain top talent. To ensure its offerings remain competitive, Amazon regularly reviews its compensation packages. Samsung Galaxy Z Fold7: 7 UNMATCHED Features No Other Foldable Has! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
7 days ago
- Business
- Time of India
Nvidia CEO Jensen Huang says work-life balance is non-existent for me: ‘When I'm not working, I'm thinking about…'
Jensen Huang , the billionaire CEO of Nvidia , has acknowledged that his work-life balance is 'nonexistent,' stating that he is mostly working when he's awake. He added that at the time when he is not working, he is thinking about work. His comments, made during an interview with Stripe CEO Patrick Collison last year, are gaining attention at a time when his company surpassed the combined valuation of Meta and Amazon, valuing more than $4.2 trillion. 'I work from the moment I wake up to the moment I go to sleep. I work seven days a week,' the 62-year-old executive told Collison last year. 'When I'm not working, I'm thinking about working… I sit through movies, but I don't remember them because I'm thinking about work,' he added. Nvidia CEO Jensen Huang: 'I'll have work-life balance when …' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invest 80$ In The Investment Package And Earn Monthly TradeApp Undo Huang's work ethic is reportedly credited by many for Nvidia's success, with the company's stock price having skyrocketed by 1,600% over the last five years. Huang, however, clarifies that his work isn't always confined to answering emails or attending meetings. He often spends his time as a leader envisioning the future of the company, a process he describes as 'fantasizing' and 'dreaming.' 'Sometimes you're imagining the future. And, boy, if we did this and that. It's working, you're fantasizing, you're dreaming,' he said at the interview. One of his long-term goals is to transform Nvidia into a 'one giant AI,' 'I want to turn NVIDIA into a one giant AI,' Jensen said, adding, 'How great would that be? And then I'll have work-life balance.' Recently, a report said that Huang may have leapfrogged Apple's Tim Cook and Tesla CEO Elon Musk in emerging as the most politically influential technology leader within the Donald Trump administration. According to Dan Ives of Wedbush, CNBC reported that in 'Trump 2.0,' Nvidia surpassed Apple in terms of valuation under Huang's leadership as the company's role in the AI revolution has pushed him above other tech executives. Samsung Galaxy Z Fold7: 7 UNMATCHED Features No Other Foldable Has! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
7 days ago
- Business
- Time of India
Amazon founder Jeff Bezos meets Donald Trump as it is 'advantage Blue Origin' after Elon Musk's White House exit
Amazon founder Jeff Bezos met with President Donald at the White House last week, CNBC has reported. Citing sources familiar with the matter, the report said that the meeting lasted for over an hour. While the exact timing and agenda of the meeting remain unclear, flight tracking data by Jack Sweeney shows a Gulfstream G700 private jet linked to Jeff Bezos landed near Washington, D.C., on July 14. The plane departed the following day. During Trump's first term as US President, he often criticized Bezos over his ownership of The Washington Post. Jeff Bezos has grown closer to Donald Trump during his second term in office, despite past tensions. The tech billionaire has previously supported Trump, including a donation of $1 million to his inaugural fund. Jeff Bezos also attended Trump's inauguration in January this year. Bezos is also said to have increased contact with Donald Trump amid the fallout between the President and Tesla CEO Elon Musk . Reports suggest Bezos may be seeking opportunities related to government contracts, particularly as Blue Origin (founded by Jeff Bezos) competes with Musk's SpaceX . The Wall Street Journal recently reported that Bezos and Trump have had multiple conversations, and Blue Origin executives have visited the White House, further hinting at growing ties between the billionaire and the Trump administration. 'The Blue Origin founder talked to Trump at least twice this month,' a report by The WSJ in June said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Shop Sale Libas Undo When Donald Trump called Jeff Bezos a 'good guy' In April, Trump called Bezos 'a good guy' and praised him, saying that he 'did the right thing' by halting a plan that was aimed to show Amazon consumers how much US tariffs were adding to the price of products. Speaking to reporters then, Trump described the Amazon former CEO as 'very nice' and 'terrific,' further adding that Bezos had "solved the problem very quickly". "I called him, and we had a nice conversation. He did the right thing," Trump then said. Samsung Galaxy Z Fold7: 7 UNMATCHED Features No Other Foldable Has! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
22-07-2025
- Business
- Time of India
700 people left jobless: How a simple password mistake led to shut down of UK's 158-year-old company
A gang of hackers called the Akira reportedly attacked a 158-year-old UK company, leading to its shutdown and leaving around 700 people jobless. According to a BBC report, the cyber attackers hacked into the computer system of KNP - a Northamptonshire transport company by guessing an employee's password. After cracking the password, the cyber criminals encrypted the company's data and locked its internal systems, leaving staff unable to access any of the data needed to run the business.. The report states that KNP runs 500 lorries under the brand name Knights of Old and had its IT complied with industry standards. Hackers demanded nearly £5 million as ransom After tapping into the company's computer system, the hackers left a ransom note. It said: 'If you're reading this it means the internal infrastructure of your company is fully or partially dead…Let's keep all the tears and resentment to ourselves and try to build a constructive dialogue'. While the ransomware gang did not specify the exact amount they wanted in return for giving access back to the company, experts estimate it could be around £5 million. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo The BBC report states that KNP did not have the amount, subsequently leading to all data loss and the company's demise. Cyber attacks on companies have increased in recent times. Big names such as M&S, Co-op and Harrods have all been victims of such attacks in the past months. Marks & Spencer $400 million cyberattack In May this year, Marks and Spencer (M&S) was hit by a cyberattack impacting its online services which was then projected to cost the group 300 million pounds ($404 million). The British retailer disclosed that personal customer data had been stolen in a cyberattack, which has already crippled its online operations for several weeks. "In Fashion, Home & Beauty, online sales and trading profit have been heavily impacted by the necessary decision to pause online shopping, however stores have remained resilient," M&S noted in a statement (via news agency AFP). The company anticipates that "online disruption to continue throughout June and into July as we restart, then ramp up operations." Samsung Galaxy Z Fold7: 7 UNMATCHED Features No Other Foldable Has! AI Masterclass for Students. Upskill Young Ones Today!– Join Now
