The government will create a new cross-department Future of Work Unit, expand its ambition to upskill 10 million workers in AI by 2030, and invest £27 million in a new TechLocal programme aimed at entry-level tech roles, the Science and Technology Secretary has announced. Delivering her first major speech on artificial intelligence at Bloomberg on […]
Small British defence companies are set to gain easier access to Ministry of Defence contracts after the government launched a dedicated unit to simplify procurement and boost spending with smaller suppliers. The Ministry of Defence has unveiled the Defence Office for Small Business Growth, a new service designed to cut through what ministers describe as […]
Samvardhana Motherson International Ltd. (SAMIL) has secured government incentives to manufacture consumer electronics parts, in what can be seen as diversification by one of India’s auto components manufacturers. India’s Electronic Component Manufacturing Scheme incentivises the domestic production of PCBs, camera modules, and enclosures. (Bloomberg) Motherson Electronic Components Pvt. Ltd., a wholly owned unit, has secured […]
TikTok’s Chinese owner ByteDance Ltd. has signed binding agreements with three major investors to sell just over 80% of US assets to American and global investors to avoid a US government ban. Under the TikTok US sale terms, ByteDance will license its AI recommendation technology to a newly created US TikTok entity, which will use […]
Mumbai: Granting relief to a man who was seeking membership of a Nariman Point housing society as he was his deceased mother’s successor and heir, the Bombay High Court has upheld the order of the divisional joint registrar who found him eligible for membership. The court said that if his parents, who did not own […]
Meta has announced layoffs to cut 600 jobs in its unit Superintelligence Labs, as the Facebook owner looks to make its AI unit more flexible and responsive. Meta CEO Mark Zuckerberg. (AFP) The job cuts will affect Facebook Artificial Intelligence Research (FAIR) unit, as well as teams focused on product-related AI and AI infrastructure, the […]