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Topic: CEO

In a shocking move, Dukaan’s AI customer service chatbot has replaced the support staff. (Suumit Shah (Twitter)) AI 

Dukaan CEO Suumit Shah Dismisses Majority of Employees, Replaces Them with AI Chatbot, Inciting Outrage on Social Media

Febin Mathew, ,

Artificial intelligence (AI) has become a prominent topic this year, with advancements in the field making daily tasks more convenient. However, concerns about job security have also grown. According to a report by McKinsey in June 2023, AI is projected to automate a significant portion (60 to 70 percent) of employee workloads, prompting companies to quickly adopt AI technology. Suumit Shah, the founder of e-commerce platform Dukaan, recently caused outrage on Twitter when he disclosed that the platform had replaced 90 percent of its support staff positions. Artificial intelligence replaces…

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There are buttons to like, repost, reply to or quote a “thread,” and counters showing the number of likes and replies that a post has received. News 

CEO Mark Zuckerberg Announces 5 Million Sign Ups For Meta’s Threads In First Four Hours

Febin Mathew, , , ,

According to CEO Mark Zuckerberg, Threads, Meta’s latest social media platform, garnered an impressive five million sign-ups within a mere four hours of its launch. Threads is specifically designed for sharing text updates and participating in public discussions. “Just had 5 million signups in the first four hours…” Meta CEO Mark Zuckerberg said. The Threads app is free and can be downloaded from the Apple App Store or Google Play Store. Created by the Instagram team, Threads allows you to share short messages or updates of up to 500 characters.…

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Yi He is co-founder of Binance, the besieged digital currency empire. (Bloomberg) News 

Binance CEO CZ Shares Insight on Crypto Market Turmoil

Jim Hendler, ,

Yi He, a senior executive at Binance, has successfully avoided global attention for the past six years and continues to do so, despite the increasing efforts of governments worldwide to regulate cryptocurrencies. As the founder of a cryptocurrency empire, he is one of the most powerful players in the $1.2 trillion industry. He also has a lot to lose as the regulatory onslaught deepens and creates an existential crisis for crypto’s largest exchange. After successfully marketing Binance in its early days on various media platforms, Yi He – a former…

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Intel India head Nivruti Rai has stepped down after spending 29 years with the chip-maker. She is slated to be appointed as MD and CEO of Invest India. News 

Nivruti Rai Leaves Intel India, Appointed CEO of Invest India

Adarsh V.K,

After dedicating 29 years to the chip-making company, Intel India’s leader, Nivruti Rai, has resigned from her position. She is expected to take on the role of MD and CEO at Invest India. In his most recent role, he was the Country Manager for India and Head of Intel Foundry Services. “We are grateful to Nivruti for the tremendous progress Intel India has achieved under his leadership,” the company said in a statement to IANS on Friday. “Intel India is now our largest engineering site outside the US and a…

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AMD CEO Lisa Su holds the company's new MI300X chip at an event outlining AMD's artificial intelligence strategy. (REUTERS) AI 

AMD CEO Lisa Su Highlights Revolutionary Superchip, Predicts Company Will Emerge Victorious

Febin Mathew, , , ,

AMD, previously overshadowed by Nvidia in the market, has made a strong comeback by unveiling a new chip that is expected to outshine its rival. The chipmaker has initiated a battle for super chips and is confident of emerging as the winner, according to CEO Lisa Su. She emphasized that AI is the defining mega trend in technology. MI300X chip and GPU power AMD is promoting the new MI300X as a miracle circuit aimed at large language models. The chip has one of the most advanced GPUs (graphics processing units)…

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Darrell, who assumed the role of Logitech's CEO in 2013, will remain with the company over the coming month to facilitate the transition News 

Logitech CEO Bracken Darrell Steps Down Following Sales Decline

Febin Mathew,

Logitech SA announced on Tuesday that Bracken Darrell, the current Chief Executive Officer and President, will be stepping down from his position with immediate effect and will be departing from the company to explore a new opportunity. Darrell, who took over as CEO of Logitech in 2013, will remain with the company for the next month to facilitate the transition while a replacement is sought, the statement said. Meanwhile, board member Guy Getch will step in as interim CEO, the company said. The management change comes after Logitech’s sales fell…

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Know why OpenAI founder and CEO Sam Altman said India’s attempt at creating another ChatGPT was “hopeless”. (AFP) AI 

OpenAI CEO Sam Altman’s Surprising Comments on India Developing ChatGPT-like Model

Febin Mathew, , ,

During his multi-nation tour discussing artificial intelligence and its benefits, OpenAI CEO Sam Altman recently visited India where he met with Prime Minister Modi and engaged with entrepreneurs, media, and academics. While answering questions about AI, Altman made a striking comment that India’s ability to develop a ChatGPT-like foundational model for generative AI was “hopeless,” which was both unexpected and alarming. Altman was responding to a question from venture capitalist and former head of Google India, Rajan Anandan, who asked, “Sam, we have a very vibrant ecosystem in India. We’re…

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Navnit Nakra, CEO of OnePlus India, has moved on from the global technology brand to follow his passion, the company confirmed on Wednesday. News 

OnePlus India CEO Navneet Nakra is stepping down, the company defines his contribution as “Instrumental”

Adarsh V.K, , ,

The company confirmed on Wednesday that Navnit Nakra, CEO of OnePlus India, has moved on from the global technology brand to pursue his passion. In 2021, the smartphone maker announced the promotion of Nacra, who was then the vice president, strategy director and head of sales in India, to the position of managing director of India and the regional head of OnePlus India. In a statement shared with IANS, the company thanked Nakra for his contribution to OnePlus India. “He has been instrumental in leading the business in India for…

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Jensen Huang, CEO of NVIDIA Crop., attends a press conference at the Computex 2023 in Taipei on May 30, 2023. (AFP) AI 

“I made everyone a programmer,” says Jensen Huang, CEO of Nvidia.

Jim Hendler, , , ,

During his trip to Taiwan, Jensen Huang, CEO of Nvidia’s Phenom Chip, is getting the kind of treatment usually reserved for celebrities and sports stars. The 60-year-old was followed around local night markets as he foraged for food over the weekend and was constantly booed by the media as he walked the aisles at Computex. On Tuesday, she was flanked by dozens of people taking selfies as paparazzi tried to get clear pictures. The day was Huang’s fifth public appearance in seven days, this time at a roundtable where he…

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Nvidia has surged to become the world's most valuable listed semiconductor company as a major supplier of chips AI 

‘Everybody’s a programmer now’: Nvidia CEO hails AI era

Febin Mathew, ,

Nvidia Corp. CEO Jensen Huang said Monday that artificial intelligence means anyone can now become a programmer because all they have to do is talk to a computer, hailing the end of the “digital divide.” Nvidia has grown into the world’s most valuable semiconductor company as a major supplier of artificial intelligence chips and computing systems. The company last week forecast second-quarter revenue to beat Wall Street estimates by more than 50% and said it would increase supply to meet growing demand for AI chips used to power ChatGPT and…

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Nothing Phone (2), which will be the successor to Phone (1), is set to launch in July, as confirmed by CEO Carl Pei in an interview. It will feature a larger 4700 mAh battery and Snapdragon 8+ Gen 1 SoC. News 

Nothing Phone (2) set for launch in July with a bigger battery and Snapdragon 8+ gen 1, CEO Carl Pei confirms

Nitin Misra, , , ,

None of the phone (2), which is a lot of a hyped (1) follower, is to be launched in July, as CEO Carl Pei confirmed in the interview. Previously, some concrete data had already been confirmed from the device, including chipset – Qualcomm Snapdragon 8+ gen 1. Carl Pei has now revealed that the device is equipped with a 4700 mAh battery, exceeding the 4500 mAh battery cell’s 4,500 mAh battery cell.Phone (1). With regard to aesthetics and design, there is currently very little known about the device, except for…

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Former Google CEO Eric Schmidt has joined the growing list of experts who have warned humanity about the potential dangers that AI may bring in the future. News 

Former Google CEO Warns AI Has ‘Existential Risk’; Can kill people

Adriana Marais, , , ,

As you can see, big tech groups like Google and Microsoft are doubling down on integrating AI into their core products like search. However, time and time again, industry veterans and AI experts have predicted what people can expect in the future if generative AI models (LLM) are not regulated. Now, as reported by Engadget, former Google CEO Eric Schmidt has joined a growing number of experts who have warned humanity about the potential dangers artificial intelligence could bring in the future. Speaking at the Wall Street Journal’s CEO Council…

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For months, companies large and small have raced to bring increasingly versatile AI to market, throwing endless data and billions of dollars at the challenge News 

The CEO of OpenAI is concerned about using artificial intelligence to compromise elections

Jim Hendler, , ,

The CEO of OpenAI, the startup behind ChatGPT, told a Senate panel on Tuesday that the use of artificial intelligence to disrupt the integrity of elections is a “significant concern,” adding that it needs regulation. “I’m nervous about it,” CEO Sam Altman said of elections and artificial intelligence adding rules and guidelines. For months, companies big and small have been racing to bring increasingly versatile AI to market, throwing endless amounts of data and billions of dollars at the challenge. Some critics fear the technology will exacerbate societal ills such…

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Open AI CEO Altman proposed the formation of a U.S. or global agency that would license the most powerful AI systems News 

ChatGPT CEO Sam Altman says AI should be regulated

Febin Mathew, , , ,

The head of the AI company that makes ChatGPT told Congress on Tuesday that government intervention is critical to reducing the risks of increasingly powerful AI systems. “As technology develops, we understand that people are concerned about how it could change the way we live. So are we,” OpenAI CEO Sam Altman said at the Senate hearing. Altman proposed the creation of a US or global agency that would license the most powerful AI systems and have the authority “to take away that license and ensure compliance with safety standards.”…

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The appointment of Linda Yaccarino, former Chairman of Global Advertising and Partnerships at NBC Universal, as Twitter CEO will free Elon Musk to devote more to Tesla and bring it back on course. News 

Elon Musk Says Appointing Linda Yaccarino as Twitter’s New CEO Lets Him Focus on Tesla

Jim Hendler, , ,

Appointing Linda Yaccarino, former president of Global Advertising and Partnerships at NBC Universal, as CEO of Twitter frees up Elon Musk to devote more time to Tesla and get it back on course. Musk’s role will now shift to director and chief technology officer to “oversee product, software and systems operations.” “Bringing Linda in will allow me to devote more time to Tesla, which is exactly what I plan to do,” Musk said Saturday. Tesla’s operating profit fell 24 percent to $2.7 billion in the first quarter of 2023 as…

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Altman will testify before the Senate Judiciary Subcommittee on Privacy, Technology & the Law on Tuesday News 

The CEO of OpenAI will testify in the US Senate next week about artificial intelligence

Febin Mathew, , , ,

OpenAI CEO Sam Altman will testify before a Senate panel next week as the US Congress considers how best to regulate artificial intelligence as the technology becomes more powerful and widespread. Altman will testify Tuesday before the Senate Judiciary Subcommittee on Privacy, Technology and Law about what laws may be needed to protect Americans as government and businesses begin to use artificial intelligence in everything from medicine to finance to employee surveillance. It will be Altman’s first testimony to Congress, the panel said in announcing the hearing. Last week, Altman…

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Cisco has announced strategic investments in Indian manufacturing capabilities as the next step in delivering cutting-edge technologies to our customers in India and across the globe. News 

Cisco CEO meets PM Modi, doubles down on local manufacturing: all details here

Adarsh V.K, , ,

Global networking giant Cisco Chair and CEO Chuck Robbins on Wednesday met Prime Minister Narendra Modi and discussed how the company has doubled its production to boost exports from the country. Cisco has announced strategic investments in manufacturing capacity in India as the next step in delivering cutting-edge technology to our customers in India and around the world. “Thank you for your leadership dear Prime Minister of India, @narendramodi! Pleased to announce that @Cisco is investing in manufacturing in India with the goal of increasing the combined value of domestic…

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As tech layoffs continue unabated amid the global meltdown, Apple CEO Tim Cook has said that mass layoffs are a "last resort" for him. News 

Redundancies are a “last resort”; The company is focused on reducing costs: Tim Cook

Adarsh V.K, , ,

As tech layoffs continue unabated amid the global meltdown, Apple CEO Tim Cook has said mass layoffs are his “last resort.” However, the technology giant is reducing costs and has slowed down the pace of recruitment. Cook told CNBC that he views layoffs as a “last resort” and that “mass layoffs are not something we’re talking about right now.” He said the company remains very cautious about hiring. “We’re going to continue to hire, just at a lower clip than we were before. And we’re all doing the right thing…

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Remote working became the norm during the pandemic but companies are now slowly moving away from the trend. News 

Here’s what OpenAI’s CEO has to say about tech telecommuting

Jim Hendler, ,

Sam Altman, the brain behind OpenAI and its popular product ChatGPT, now says the pandemic is over and so is the era of remote work. Altman clearly believes that having people come into the office and work in person can be a catalyst for new product creation. He feels that remote working causes confusion when people meet virtually and discuss plans. Altman spoke at a session hosted by Stripe, where he noted that for a business to allow full remote operations, you need the technology to advance, and he says…

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The chief executives of Alphabet Inc's Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top White House officials. News 

The CEOs of Google and Microsoft were invited to discuss artificial intelligence at the White House

Adriana Marais, , , , ,

WASHINGTON: The CEOs of Alphabet Inc’s Google, Microsoft, OpenAI and Anthropic will meet with Vice President Kamala Harris and top White House officials to discuss key AI issues on Thursday, a White House official said on Tuesday. The invitation to Reuters reporters stated President Joe Biden’s “expectation that companies like yours must ensure the safety of their products before they are made available to the public.” Concerns about the rapidly growing AI technology include privacy violations, bias, and concerns that it could spread hoaxes and misinformation. In April, the Biden…

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