Microsoft joins $4 trillion club
"It is in the process of becoming more of a cloud infrastructure business and a leader in enterprise AI, doing so very profitably and cash generatively despite the heavy AI capital expenditures," said Gerrit Smit, lead portfolio manager, Stonehage Fleming Global Best Ideas Equity Fund. Redmond, Washington-headquartered Microsoft first cracked the $1-trillion mark in April 2019.
Its move to $3 trillion was more measured than technology giants Nvidia and Apple, with AI-bellwether Nvidia tripling its value in just about a year and clinching the $4-trillion milestone before any other company on July 9. Apple was last valued at $3.11 trillion.
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Indian Express
29 minutes ago
- Indian Express
From Anand Mahindra to Narayana Murthy: How Indian tech leaders view the AI future
Artificial Intelligence (AI) is one of the most talked-about technological shifts in recent years. While many are hopeful and see the rapid pace of AI developments as beneficial for humanity, many continue to fear job displacement and uncertainty caused by the disruption. Even as AI continues to make rapid strides across industries, several leaders have shared their thoughts on AI, especially how it is going to affect our lives, jobs, and the way the world conducts business. Advocates of AI have been praising it as a powerful tool that could redefine productivity and the potential new opportunities that it would create for companies and professionals and the potential it can unlock in scientific discovery. Sam Altman, Elon Musk, Mark Zuckerberg, Bill Gates, etc., have been shaping the global conversations around AI. Indian tech leaders, too, have been chiming in with their unique perspectives. These voices from the Indian tech sector offer some insights into how companies are embracing AI. Chairperson of the Mahindra Group, Anand Mahindra, who is known for his unique perspectives on the world, recently talked about embracing AI during his speech at IIT Bombay. He emphasised that there is a need for students and professionals to build resilience and emotional intelligence along with technical excellence. 'AI can write code, but it can't write character,' Mahindra said, urging students to focus not only on technical excellence but also on building integrity, resilience, and emotional intelligence – traits he believes will define true leadership in the next decade. 'Technology is a tool. But it's curiosity and character that create visionaries,' he added. The CEO of Zoho Corporation, Sridhar Vembu, recently took to his X (formerly Twitter) account to share his unique view on AI and jobs. 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Hindustan Times
29 minutes ago
- Hindustan Times
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Time of India
an hour ago
- Time of India
Gen Z are the ‘Luckiest' kids in History, said Sam Altman
Live Events With the integration of Artificial Intelligence in our jobs, OpenAI CEO Sam Altman has remarked that with the present and the future generation coming into the workforce, they are very fortunate to be able to adapt and integrate AI in their learning. The older generation is still reluctant to adapt to AI or is unable to learn as quickly as the newer his interview with Cleo Abram on the Huge If True podcast, Altman expressed that 'This always happens. And young people are the best at adapting to this. I'm more worried about what it means, not for the 22-year-old, but for the 62-year-old that doesn't want to go retrain or reskill or whatever the politicians call it.'While the OpenAI CEO had a positive view on the adoption of AI in the workforce , the Godfather of AI, Dr. Geoffrey Hinton , warned people that with the growing trajectory of artificial intelligence. Reported to Business Insider , he warned everyone about the future of AI. He also remarked that an AI system may develop its own internal language that humans cannot understand. This is particularly relevant to the students who are about to join the workforce comments are not designed to induce fear in people but to inspire people to take responsibility and caution while using AI. For students, this is an eye-opener to study harder and improve their skill set to build a career as not just a tech person who understands AI, but a professional who can contribute as a communicator and understand the depth of artificial intelligence.
