Companies grapple with costs, complexity of overlapping cybersecurity laws

India's digital economy faces increasing compliance burdens due to overlapping cybersecurity laws from various regulatory bodies. Companies are challenged with inconsistent requirements in breach reporting, audits, and vulnerability assessments. Experts call for harmonization under a single governance body to reduce complexity and costs, especially urging the Data Protection Board under the DPDP Act to take on this role.

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Small language models set to be the next big thing in AI

Large language models (LLMs), SLMs can generate human-like language but are trained on smaller datasets with fewer parameters. They are said to be easier to train and use, consuming less computational power, more cost-effective, and better suited for specific tasks. The year 2024 saw launches of a slew of lightweight models, from Microsoft’s Phi family of SLMs to Google’s Gemma and a smaller variant of Meta’s Llama model.

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Wipro says Applied Value Technologies Pte transaction to be completed by January 31

Wipro announced that the acquisition of Applied Value Technologies is now expected to be completed by January 31, 2025. Although transactions for Applied Value Technologies, Inc. and Applied Value Technologies B.V. were finalised by December 16, 2024, the one for Applied Value Technologies Pte Ltd was deferred from the initial deadline of December 31, 2024.

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ISRO takes last flight of the year with SpaDeX Mission

ISRO launched the Space Docking Experiment (SpaDeX) aboard the PSLV-C60 rocket. The mission carried two small spacecraft, Chaser and Target, into a 470 km orbit. This mission aims to develop and demonstrate satellite docking and undocking. Successful docking will place India among elite space-faring nations. The fourth stage repurposed as PSLV Orbital Experimental Module will deploy 24 scientific experiments.

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Year in Review: SaaS firms tackle funding dip and a slump amid AI disruption

India's SaaS industry is facing challenges such as slowing demand, cautious investor funding, and the impact of AI. Funding levels remain below 2022, with valuations corrected sharply. Companies are focusing on AI-driven solutions and innovation to navigate these difficulties. Domestic and global market opportunities, cloud migration, and AI adoption provide growth potential for the industry.

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Jio brings data playbook to build out accessible and affordable AI

Jio Platforms is working with Nvidia to create affordable AI services and applications. They aim to provide these solutions through GPU-as-a-service at competitive prices. Jio is also building a large AI data centre in Jamnagar for both internal and commercial use. Green energy will help reduce operational costs and make AI more accessible.

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Foxconn’s $230 million ‘home’ for workers at Tamil Nadu plant complete

Foxconn has completed its $230-million project to build dormitories for workers in Tamil Nadu. An audit is currently being conducted. The dorms, located in Sriperumbudur, will house 18,000 workers, mainly women. This initiative follows a government housing project for 18,720 women employees. Enhanced worker accommodation is expected to boost Foxconn's operational efficiency in India.

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Musk effect: Behind Trump's changing stance on H-1B visas

Trump supports immigration visas for high-skilled workers amid H-1B visa controversy, backing Elon Musk. Despite restrictions during his first term, he now acknowledges the US engineering talent shortage. Trump emphasises the economic contribution of foreign graduates from US universities. Online racist remarks against Indian-origin CEOs and Musk's response highlight ongoing tensions.

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Brands ride ‘quick’ sleigh as quick commerce dons the Santa hat

The Christmas gifting season saw a 20-30% sales boost for D2C brands in categories such as personal care, desserts, eatables, and activewear, driven by convenience, personalization, and premium offerings. Quick commerce platforms like Zepto, Blinkit, and Swiggy Instamart, among others, played a key role in fuelling gifting-focused sales, enabling last-minute purchases, according to several brands.

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AI no longer flavour of the season but a reality at scale; 2025 to see AI turn into business value

AI has evolved from a trend to a key business tool, enhancing efficiency and creating new roles. While it drives innovation, concerns about its impact on jobs, data ownership, and liability persist. As AI scales across industries, companies are focusing on upskilling talent to bridge the gap between technology and business strategy.

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OpenAI details plans for becoming a for-profit company

In a company blog post published Friday, OpenAI said it planned to restructure as a public benefit corporation, or PBC, which is a for-profit corporation designed to create public and social good. OpenAI rivals like Anthropic and Elon Musk's xAI use a similar structure.

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