Adani Ports approves tender offer to purchase Senior Notes up to US$ 450 million
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Time of India
an hour ago
- Time of India
AI diplomacy: Nvidia CEO Jensen Huang's Beijing visit draws fan frenzy; chipmaker reopens H20 sales in China
Nvidia CEO Jensen Huang's recent visit to Beijing has sparked a wave of public enthusiasm, with videos on Chinese social media showing the billionaire executive signing autographs, posing for selfies, and mingling with fans on the streets—an unusual sight for a global tech CEO. Tired of too many ads? go ad free now This marked Huang's third visit to China in 2025 and coincided with the reopening of H20 chip sales in the country following a US-imposed ban in April. The head of the world's most valuable company arrived in China last week to attend the China International Supply Chain Expo, just days after meeting US President Donald Trump. Huang's presence in Beijing came amid growing geopolitical tensions and trade restrictions between Washington and Beijing, with Nvidia's $17 billion China business caught in the middle of an intensifying technology rivalry, Reuters reported. "Jensen Huang's visit aimed to demonstrate Nvidia's commitment to the Chinese market," said Lian Jye Su, chief analyst at Omdia. "However, this commitment must be balanced against potential US government concerns about deepening ties with China." In Beijing, Huang praised Chinese AI models developed by DeepSeek, Alibaba, and Tencent as 'world class', and said demand for Nvidia's H20 chips had surged since the launch of DeepSeek models in January. He also held meetings with senior Chinese officials, including Vice Premier and trade tsar He Lifeng and Commerce Minister Wang Wentao, which he described as 'wonderful'. "Nvidia will still need to see the tide clearly and ride it at the right time to maximize the available benefits. But good for the company, I think it has a CEO who's very good at doing that," said Tilly Zhang, a technology analyst with Gavekal Dragonomics, quoted Reuters. Tired of too many ads? go ad free now Despite the warm reception, some analysts say Nvidia's dominance in China could face long-term challenges. "The Chinese government will actively help or subsidize domestic rivals that can one day stand up to and, at least in some use cases, replace high-end Nvidia chips," said Charlie Chai, an analyst with 86Research. When asked how US officials reacted to his China trip, Huang told reporters, 'I told President Trump and his cabinet that I was coming to China. Told him about my trip here, and he said, 'Have a great trip'." At the Expo, Huang wore a traditional black Chinese-style jacket instead of his trademark leather one and referred to himself as "Chinese" during his speech. He lauded the scale of China's supply chain as 'vast' and praised even strategic rival Huawei Technologies. "I think the fact of the matter is, anyone who discounts Huawei and anyone who discounts China's manufacturing capability is deeply naive. This is a formidable company," Huang said.
Mint
an hour ago
- Mint
Around 55 pc of total GCCs in India in Bengaluru, Hyderabad, Chennai: Vestian
New Delhi, Jul 21 (PTI) Bengaluru, Hyderabad, and Chennai together have 922 global capability centres (GCCs), around 55 per cent of the total such facilities in India, according to Vestian. In a statement on Monday, US-based real estate consultant Vestian stated that India houses nearly 1,700 GCCs spread across Tier-1 and Tier-2 cities, accounting for around 53 per cent of the about 3,200 GCCs worldwide. "India's leading office markets continue to offer a compelling value proposition to GCCs, characterised by competitive costs, a highly skilled workforce, robust infrastructure, progressive policy incentives, and a conducive business environment," Vestian CEO Shrinivas Rao said. However, he noted that selecting the right location remains critical to the long-term success of any GCC. According to Vestian, India's top six cities -- Bengaluru, Hyderabad, Chennai, Delhi-NCR, Mumbai, and Pune -- account for 94 per cent of the total number of GCCs in the country. The rest are spread across various states. The consultant projected that the total number of GCCs in India could exceed 2,100 by the end of the 2027-28 fiscal year. On an average, it said around 150 new GCCs are expected to be established annually. In India, nearly 50 per cent of the total GCCS are of IT-ITeS sector, followed by the BFSI (banking, financial services and insurance) sector that holds 17 per cent share. On city-wise analysis, Vestian said there are 487 GCCs in Bengaluru, accounting for 29 per cent of the total number of GCCs in the country. Hyderabad has 273 GCCs, Delhi-NCR houses 272 GCCs, Mumbai 207 GCCs, Pune 178 GCCs, and Chennai 162 GCCs. There are 922 GCCs in the three southern cities -- Bengaluru, Hyderabad and Chennai -- the data showed. Commenting on the report, Gurugram-based property consulting firm InfraMantra Founder Shiwang Suraj said the Delhi-NCR accounts for 16 per cent of the total GCCs in the country. "The accelerated infrastructure development, ease of doing business and skilled manpower have attracted these companies to Delhi-NCR," he added.
Time of India
an hour ago
- Time of India
UK government may have ‘good news' for Apple in the case that Donald Trump said, "something you hear about with China"
The UK government is preparing to retreat from its controversial order forcing Apple to provide backdoor access to encrypted user data, following intense pressure from the Trump administration that threatens vital technology partnerships between the two nations. Senior British officials told the Financial Times that the Home Office will likely abandon its January demand for Apple to break end-to-end encryption on iCloud storage , with US Vice President JD Vance leading opposition to the UK's stance. "The Home Office is basically going to have to back down," one technology department official said, noting Vance's strong objections to the encryption order. The standoff has created significant diplomatic friction, with multiple US officials including President Trump, Vice President Vance, and Director of National Intelligence Tulsi Gabbard all raising concerns about the UK's approach. Trump previously compared the British demand to "something you hear about with China" and reportedly told Prime Minister Keir Starmer directly: "You can't do this." UK-US tech partnerships at risk over privacy battle by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo The encryption dispute threatens to derail broader technology cooperation between the allies, particularly around artificial intelligence and data sharing agreements central to Starmer's digital trade strategy. "One of the challenges for the tech partnerships we're working on is the encryption issue," a senior UK official explained. "It's a big red line in the US — they don't want us messing with their tech companies." US officials have warned that the UK order could violate Americans' privacy rights and potentially breach existing data agreements between the countries, with Gabbard calling it an "egregious violation." Apple withdraws secure storage service from UK market In response to the secret government order issued under the Investigatory Powers Act , Apple withdrew its most secure cloud storage service, Advanced Data Protection , from the UK market in February. The tech giant is now challenging the Home Office demand at the Investigatory Powers Tribunal, with WhatsApp joining the legal battle in a rare collaboration between Silicon Valley rivals. British officials acknowledge the Home Office has handled the encryption issue "very badly" and now has "its back against the wall" as it seeks an exit strategy from the high-profile privacy confrontation. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
