logo
Microsoft closes its Pakistan office after 25 years

Microsoft closes its Pakistan office after 25 years

The Hindu14 hours ago
Tech giant Microsoft has announced it will shut down its limited operations in Pakistan as part of its global strategy to reduce its workforce, which various stakeholders termed on Friday as a 'troubling sign' for the country's economy.
Microsoft, while closing its office in Pakistan on Thursday after 25 years, cited global restructuring and a shift to a cloud-based, partner-led model.
The move came as the tech giant cut roughly 9,100 jobs worldwide (or about 4 per cent of its workforce) in its largest layoff round since 2023.
Jawwad Rehman, former founding Country Manager of Microsoft Pakistan, urged the government and IT minister to engage with the tech giants with a bold KPI (Key Performance Indicators) driven plan.
He said the exit reflected the current business climate. 'Even global giants like Microsoft find it unsustainable to stay,' he posted on LinkedIn.
Former Pakistan president Arif Alvi, in a post on X, also expressed concern over Microsoft shutting down operations.
'It is a troubling sign for our economic future,' he wrote.
He claimed Microsoft once considered Pakistan for expansion, but that instability led the company to choose Vietnam instead by late 2022.
'The opportunity was lost,' he wrote.
Jawwad explained that Microsoft didn't operate a full commercial base in Pakistan, relying instead on liaison offices focused on enterprise, education, and government clients.
Over recent years, much of that work had already shifted to local partners, while licensing and contracts were managed from its European hub in Ireland.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India Becomes Fourth "Most Equal" Country Globally: World Bank Report
India Becomes Fourth "Most Equal" Country Globally: World Bank Report

NDTV

time39 minutes ago

  • NDTV

India Becomes Fourth "Most Equal" Country Globally: World Bank Report

New Delhi: Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. The government attributed the reduction in inequality to various initiatives and schemes pursued during the last decade. The only three countries which have a better Gini Index score, a measure of equality, are the Slovak Republic, Slovenia and Belarus. India is much better placed than countries like China, the USA and the United Kingdom. "...India's Gini Index stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus," the statement said. The Gini Index helps in understanding how equally income, wealth or consumption is distributed across households or individuals in a country. It ranges in value from 0 to 100. A score of 0 means perfect equality, while a score of 100 means one person has all the income, wealth or consumption and others have none, hence absolute inequality. The higher the Gini Index, the more unequal a country is. India's score is much lower than China's 35.7 and far lower than the United States, which stands at 41.8. As per the World Bank's report, which has released the data for 167 countries, India falls into the "moderately low" inequality category, which includes Gini scores between 25 and 30. India is only a fraction away from joining the "low inequality" group. The government attributed this achievement to a sharp reduction in the poverty level in the last decade. According to the World Bank report, 171 million Indians have been lifted out of extreme poverty over the past decade. The share of people living on less than USD 2.15 a day, which was the global threshold for extreme poverty till June 2025, fell sharply from 16.2 per cent in 2011-12 to just 2.3 per cent in 2022-23. Globally, just 30 countries fall into the "moderately low" inequality category, including several European countries with strong welfare systems. These include Iceland, Norway, Finland, and Belgium. It also features growing economies like Poland and wealthy nations like the United Arab Emirates. The release said India's journey towards a more equal society is reflected in its Gini Index over the years. The index was measured at 28.8 in 2011 and reached 25.5 in 2022. "This steady shift shows that India has made consistent progress in combining economic growth with social equity," it said. It further said India's progress towards greater income equality is backed by a series of focused government initiatives. These schemes aim to improve financial access, deliver welfare benefits efficiently, and support vulnerable and underrepresented groups. "Together, they have helped bridge gaps, boost livelihoods, and ensure that growth reaches all sections of society," the release said. It has cited schemes, like PM Jan Dhan Yojana, Direct Benefit Transfer, and Stand-Up India, among others, which have helped India in its progress towards greater income equality. "India's path to income equality has been steady and focused. The Gini Index of 25.5 is not just a number. It reflects real change in people's lives. More families now have access to food, banking, healthcare, and jobs," the release said. What sets India apart is its ability to balance economic reform with strong social protection, it said. Targeted schemes like Jan Dhan, DBT, and Ayushman Bharat have helped close long-standing gaps," it said. At the same time, programmes such as Stand-Up India and PM Vishwakarma Yojana are helping people create wealth and secure livelihoods on their own terms. "As the world looks for models that combine growth with fairness, India's example stands out. Its experience shows that equality and development are not separate goals," the release said. When supported by sound policy and inclusive intent, they move forward together, it added.

$3.89 trillion Nvidia just set its sights on robots from silicon, CEO Jensen Huang says it's the future
$3.89 trillion Nvidia just set its sights on robots from silicon, CEO Jensen Huang says it's the future

Time of India

time2 hours ago

  • Time of India

$3.89 trillion Nvidia just set its sights on robots from silicon, CEO Jensen Huang says it's the future

Nvidia Nears $4 Trillion as CEO Jensen Huang Sets Sights on Humanoid Robots- Nvidia (NVDA) is no longer just the leader in artificial intelligence chips—now, it's going after something even bigger: humanoid robotics. This week, Nvidia's market cap reached a staggering $3.89 trillion, bringing it within striking distance of Microsoft's all-time peak valuation. But beyond the numbers, what's really catching attention is CEO Jensen Huang's bold new direction. Speaking at the VivaTech conference in Paris, Huang didn't just talk about the future—he unveiled it. He introduced AEON, a full-stack humanoid robot built in collaboration with Swedish firm Hexagon (HXGBY). This isn't a prototype or lab concept. AEON is real, built, and aimed at practical use across industries. Could robotics become Nvidia's next trillion-dollar industry? Just a few years ago, AI seemed like a moonshot. Today, Nvidia owns the space. Now, Huang believes robotics could be even bigger—'the largest industry in the world,' as he put it in Paris. And he's putting real resources behind that vision. In fiscal 2024, Nvidia's robotics and automotive division earned $1.7 billion. According to analyst estimates, that number could skyrocket to $7.55 billion by early 2030s. If AEON and similar platforms find commercial success, that forecast might even prove conservative. The pivot to robotics isn't just speculative—it's already in motion. With Nvidia's software, sensors, and chips powering the hardware, the company is building a complete robotics ecosystem, not just a single product. Live Events How close is Nvidia to overtaking Microsoft in market value? As of this week, Nvidia is only $50 billion behind Microsoft (MSFT), the current record-holder for public market valuation. With Nvidia's stock already up 19% this year, that gap could close at any time—possibly even within days. This rise comes despite earlier turbulence. U.S. restrictions on chip exports to China hit Nvidia's business temporarily, causing a short-term dip. But the rebound was swift, and the company now sits at the top of global markets. Investors are betting on more than just AI chips—they're buying into Nvidia's next chapter, which includes robotics, automotive tech, and full-stack AI platforms. Is seasonality about to boost Nvidia's stock even higher? History suggests Nvidia could be in for an even bigger rally. According to Dow Jones data, Nvidia stock tends to gain around 4% in Q3, but in Q4, the average gain jumps to 23%. That pattern, combined with growing excitement around robotics, could fuel a breakout toward the $4 trillion mark—or beyond. These trends give Nvidia a unique edge. While other tech giants like Apple and Amazon are maturing, Nvidia continues to open new growth frontiers, giving investors reasons to stay bullish. What makes AEON different from other robots? Unlike many robotics projects that remain stuck in development, AEON is already functional. Developed jointly with Hexagon, it's part of Nvidia's Project GR00T, an initiative aimed at building intelligent humanoid robots for real-world tasks. AEON runs on Nvidia's full-stack AI platform, combining powerful chips, vision sensors, simulation software, and robotics AI. This end-to-end integration gives AEON a significant edge—it's not just hardware or software, it's both, working together. Huang's plan isn't just to make robots that move. He wants them to see, think, learn, and work, potentially transforming industries from manufacturing to healthcare. Nvidia (NVDA) data table for today: Metric Value Stock Price $159.34 (+$2.05, +1.3%) Market Capitalization $3.89 trillion Intraday High / Low $160.95 / $156.60 YTD Stock Gain +19% Automotive & Robotics Quarterly Rev. $567 million (↑ 72% YoY) FY24 Robotics & Automotive Rev. $1.7 billion Projected 2030s Robotics Rev. $7.55 billion Is Nvidia's future more than just silicon? That's the real story here: Nvidia is evolving beyond chips. After scaling the summit of the AI industry, the company is now positioning itself to shape the next wave of intelligent technology. Other firms might focus solely on software or chips. Nvidia, under Huang's leadership, is building full ecosystems. That includes not just GPUs, but also AI models, simulation engines, and robotics frameworks. And it's not stopping there. With new partnerships, deep-pocketed R&D, and unmatched AI leadership, Nvidia may not just lead the robotics era—it could define it. Is Nvidia just getting started? It sure looks that way. With its market cap nearing $4 trillion, robotics revenues set to multiply, and CEO Jensen Huang driving bold innovation, Nvidia seems poised for another massive leap. The question now isn't whether Nvidia can catch Microsoft—it's what comes next after it does. If history is any guide, humanoid robots could be just the beginning. FAQs: Q1. What is Nvidia AEON humanoid robot? Nvidia AEON is a full-stack humanoid robot developed with Hexagon for real-world use. Q2. Is Nvidia entering the robotics industry? Yes, Nvidia is expanding beyond AI chips into robotics, led by CEO Jensen Huang.

AI To Create Mad Max-Like Future? Top Economist's Chilling Prediction
AI To Create Mad Max-Like Future? Top Economist's Chilling Prediction

NDTV

time2 hours ago

  • NDTV

AI To Create Mad Max-Like Future? Top Economist's Chilling Prediction

MIT economist David Autor has warned that rapid automation caused by the rise of artificial intelligence (AI) could lead to a Mad Max scenario where jobs may still exist, but the skills that once generated wages would become less valuable, making the paychecks smaller and existence difficult. "The more likely scenario to me looks much more like Mad Max: Fury Road, where everybody is competing over a few remaining resources that aren't controlled by some warlord somewhere," Mr Autor said on the Possible podcast, hosted by LinkedIn cofounder Reed Hoffman. The reference by Mr Autor is from the 2015 movie by George Miller, set in a post-apocalyptic wasteland where scarcity and inequality prevail while a tyrant rules over the hapless population. Mr Autor believes that AI could concentrate the wealth in the hands of people at the top while the workers fight for morsels. "The threat that rapid automation poses - to the degree it poses as a threat - is not running out of work, but making the valuable skills that people have highly abundant so they're no longer valuable," he said, adding that roles like typists, factory technicians, and even taxi driver might be replaced. AI to take away jobs Mr Autor is not the only one warning about a dystopian AI future. In May, Anthropic CEO Dario Amodei warned that AI could soon wipe out 50 per cent of entry-level white-collar jobs within the next five years. He added that governments across the world were downplaying the threat when AI's rising use could lead to a significant spike in unemployment numbers. "We, as the producers of this technology, have a duty and an obligation to be honest about what is coming. I don't think this is on people's radar," said Mr Amodei. According to the Anthropic boss, unemployment could increase by 10 per cent to 20 per cent over the next five years, with most of the people 'unaware' about what was coming. "Most of them are unaware that this is about to happen. It sounds crazy, and people just don't believe it," he said. "It's a very strange set of dynamics where we're saying: 'You should be worried about where the technology we're building is going.'"

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store