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Siemens CEO says company to prioritise AI investments in the US and China over Europe

Siemens is not happy with European Union (EU) regulations related to artificial intelligence (AI). Europe’s biggest engineering company has reportedly threatened to direct a larger share of its AI investments away from EU countries toward the US and China. The company’s CEO, Roland Busch, cited Europe’s restrictive regulations as the reason for this decision. In...

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TCS Nashik case: No court relief for absconding pregnant employee

TCS Nashik Case NASHIK: A Nashik court on Monday denied interim relief to the absconding pregnant employee in the alleged TCS sexual harassment and religious coercion case.Her counsel had moved an application seeking interim protection pending the hearing of her anticipatory bail plea. Meanwhile, the complainant’s lawyer filed an application seeking time to submit a...

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Marc Benioff: Those saying software is dead are wrong, shares ‘stories’ of Salesforce AI

Salesforce chief executive Marc Benioff (Photo-AP) Salesforce CEO Marc Benioff has a message for everyone who thinks his company is in trouble: you are looking at this all wrong. The comment comes after the software giants watched their stocks fall following ‘fears’ that artificial intelligence (AI) will make traditional software companies obsolete. If AI agents...

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Canadian billionaire Kevin O’Leary on AI tools: You are already behind if you are not adopting AI

Canadian billionaire and former Shark Tank investor Kevin O’Leary has now issued a stark warning to businesses and creators, saying that those not actively adopting artificial intelligence (AI) tools are already falling behind. In a recent post shared on social media platform X (formerly known as Twitter) O’Leary stressed that AI is no longer optional,...

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Massive fire at Rajasthan HPCL refinery ahead of PM Narendra Modi’s launch event

JAISALMER: A massive fire broke out at the HPCL Pachpadra Refinery in Balotra on Monday afternoon, a day before Prime Minister Narendra Modi was scheduled to inaugurate the refinery on Tuesday.The incident triggered panic among administration officials and authorities.The official cause of the fire and the exact section affected were not confirmed.However, according to sources,...

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India’s power boost: T&D sector to remain strong, supported by Rs 9 lakh crore capex push

In upcoming years, India’s transmission and distribution (T&D) sector is expected to see steady growth, lifted by investment of almost Rs 9 trillion or Rs 9 lakh crore through 2032. According to a report by Motilal Oswal Financial Services, the current investment cycle, which began in FY22-23, has already improved performance across the sector.It noted...

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