logo
Nvidia's Jensen Huang says AI ‘fundamental like electricity', praises Chinese models as ‘catalyst for global progress'

Nvidia's Jensen Huang says AI ‘fundamental like electricity', praises Chinese models as ‘catalyst for global progress'

Mint16-07-2025
Nvidia CEO Jensen Huang praised Chinese developed artificial intelligence models such as DeepSeek as 'world-class' and asserted that AI is now 'fundamental like electricity', Reuters reported
Speaking at the third China International Supply Chain Expo (CISCE) in Beijing today, on July 16, Huang added that China's open-source AI is a 'catalyst for global progress', as per an AFP report.
'AI is transforming every industry, from scientific research and healthcare to energy, transportation and logistics,' Huang stated.
'AI powers Chinese platforms like Tencent… Models developed in China like DeepSeek, Alibaba and Tencent are world-class,' he said, adding that AI today 'is fundamental infrastructure, like electricity'.
(This is a developing story, more updates coming…)
(With inputs from Reuters and AFP)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Illegal sale of fireworks, illicit import of Chinese fireworks caused loss of 40% to fireworks traders, says federation
Illegal sale of fireworks, illicit import of Chinese fireworks caused loss of 40% to fireworks traders, says federation

The Hindu

time26 minutes ago

  • The Hindu

Illegal sale of fireworks, illicit import of Chinese fireworks caused loss of 40% to fireworks traders, says federation

Federation of Tamil Nadu Fireworks Traders have alleged that illegally functioning online sale of fireworks and illicit import of Chinese fireworks has caused a loss of ₹800 crore to the fireworks traders of the country during 2024 Deepavali season. Talking to reporters here on Tuesday, the federation president V. Raja Chandrasekaran said that despite the Supreme Court banning taking online orders and sale of fireworks in 2018, the illegal online sale continued. 'This has been more pronounced in Tamil Nadu, Kerala, Karnataka and Andhra Pradesh. Before it spreads to other States, the Government should ensure that no online sale of fireworks could be done,' he said. Besides, stealth import of Chinese goods continued, he charged. He pointed out that even recently, Chinese fireworks worth ₹35 crore were seized in Mumbai. 'The combination of online sales and Chinese imports had affected the business of traders to the extent of 40%, which is around ₹800 crore to ₹1000 crore, during Deepavali season 2024,' he said. The federation would proceed with a case of contempt of court for allowing online sale of fireworks besides initiating criminal case, he said. License for fireworks shops Mr. Chandrasekaran complained that applications submitted for permanent cracker shops in February and March 2025 were yet to be processed. 'The process should have been completed within two months,' he said. Besides, the license for permanent cracker shops is issued for five years under Explosives Act 2008. However, since the Department of Fireworks and Rescue gives no-objection certificate for only one year, the Revenue Department was giving license for only one year in many districts, he complained. Besides, he insisted that the inordinate delay in giving license for temporary cracker shops during Deepavali season was taking a huge toll on the traders. 'The applications should be invited 90 days before Deepavali and the 15-day license should be given one month ahead of Deepavali to help the traders plan their business,' he said. The federation secretary, N. Elangovan, was present.

Sri Lanka will have to navigate geo-political tides as it pivots from tourism to maritime trade
Sri Lanka will have to navigate geo-political tides as it pivots from tourism to maritime trade

Scroll.in

time26 minutes ago

  • Scroll.in

Sri Lanka will have to navigate geo-political tides as it pivots from tourism to maritime trade

With its natural beauty, wildlife and culture, Sri Lanka is known as the ' pearl of the Indian Ocean ', and attracts millions of tourists every year. But my research suggests that the country might not be so reliant on tourism in the future, as it looks to become a major player in global maritime trade. The island's numerous harbours and enviable location along international sea routes have led to major investment from China and the US, as they seek to extend their strategic influence in the region. That investment is being welcomed after years of economic and political turmoil in Sri Lanka. The Easter bombings of 2019 targeted Catholic churches and hotels, killing 269 people and devastating tourism. The same year, significant tax cuts slashed government revenue before Covid did serious damage to the economy. In 2021, a ban on chemical fertilisers led to nationwide agricultural failure, while excessive borrowing and money printing triggered soaring inflation, which peaked at 70% in August 2022. The country ended up failing to pay its foreign debts. Following huge protests in 2022 and the resignation of the president, Sri Lanka began a major political and economic shift. It secured a bailout from the International Monetary Fund and implemented reforms aimed at stabilising the economy. So far, some of the effects have been positive. Inflation has eased, investor confidence has improved and more tea, clothing and rubber products are being exported up. Key to this has been improved logistics and port infrastructure. Business at the port of Colombo, the country's largest, is booming, aided in part by global shipping disruptions, including the Red Sea crisis, which rerouted vessels through the Indian Ocean. But international maritime ambitions can be a complex affair, and Sri Lanka needs to be wary of becoming just a well-positioned commodity for the world's economic superpowers. China for example, has secured a controversial 99-year lease of Hambantota port. India, wary of Chinese encroachment, has ramped up its own investments, including the development of a container terminal in Colombo. In 2023, the US announced a US$500 million plan to develop a deep-water shipping container terminal at the port of Colombo. And the potential US tariffs of 30% on imports from Sri Lanka have been interpreted by some as a pressure tactic to get greater access to its waters. Balancing these interests is a delicate act. While foreign investment is crucial for infrastructure development, Sri Lanka needs to protect its sovereignty and ensure that port operations serve national, not just international, interests. My research suggests that one way of building a resilient and diverse Sri Lankan economy would be to focus on its surrounding waters. Sri Lanka's vast 'exclusive economic zone', an area of sea where it controls marine resources, holds massive untapped potential. Blue economy This potential lies in traditional sectors like fisheries and tourism, but also emerging industries such as marine biotechnology. This growing field offers opportunities in things like bioengineering and marine-based pharmaceuticals. With other countries rapidly advancing in these sectors, Sri Lanka is well-positioned to follow suit and become a regional leader in the blue economy (economic activities associated with the sustainable use of ocean resources). But there is still a complex web of geopolitical interests and economic pressures to navigate, as well as environmental challenges. At the moment for example, the Sri Lankan government is making plans for the deep natural port at Trincomalee to become a major marine repair and refuelling centre between Dubai and Singapore. Other proposed projects include offshore wind farms and oil rig facilities. The country also needs to compete with the likes of Malaysia, which is investing heavily in AI-driven port operations. To stay competitive, Sri Lanka must modernise infrastructure and streamline processes. And despite the progress, challenges persist. Poverty in Sri Lanka has doubled since 2021, while youth unemployment remains high. Sri Lanka faces rising maritime threats like piracy and illegal fishing, requiring stronger maritime surveillance. Simultaneously, port expansion risks damaging marine ecosystems. Green technologies and stricter environmental regulations are essential for long-term security and sustainability. Sri Lanka's strategic location and maritime heritage offer a foundation for economic renewal. With wise governance, sustainability, and balanced geopolitics, its ports could once again become vital gateways to regional prosperity and global trade.

Elon Musk's Starlink network suffers rare global outage
Elon Musk's Starlink network suffers rare global outage

The Print

time42 minutes ago

  • The Print

Elon Musk's Starlink network suffers rare global outage

Starlink, which has more than 6 million users across roughly 140 countries and territories, later acknowledged the outage on its X account and said 'we are actively implementing a solution.' Users in the U.S. and Europe began experiencing the outage at around 3 p.m. EDT (1900 GMT), according to Downdetector, a crowdsourced outage tracker that said as many as 61,000 user reports to the site were made. (Reuters) -SpaceX's Starlink suffered one of its biggest international outages on Thursday when an internal software failure knocked tens of thousands of users offline, a rare disruption for Elon Musk's powerful satellite internet system. Starlink service mostly resumed after 2.5 hours, Michael Nicolls, Starlink vice president of Starlink Engineering, wrote on X. 'The outage was due to failure of key internal software services that operate the core network,' Nicolls said, apologizing for the disruption and vowing to find its root cause. Musk had also apologized: 'Sorry for the outage. SpaceX will remedy root cause to ensure it doesn't happen again,' the SpaceX CEO wrote on X. The outage was a rare hiccup for SpaceX's most commercially sensitive business that had experts speculating whether the service, known for its resilience and rapid growth, was beset by a glitch, a botched software update or even a cyberattack. Doug Madory, an expert at the internet analysis firm Kentik, said the outage was global and that such a sweeping interruption was unusual. 'This is likely the longest outage ever for Starlink, at least while it became a major service provider,' Madory said. As Starlink gained more users, SpaceX has focused heavily in recent months on updating its network to accommodate demands for higher speed and bandwidth. The company in a partnership with T-Mobile is also expanding the constellation with larger, more powerful satellites to offer direct-to-cell text messaging services, a line of business in which mobile phone users can send emergency text messages through the network in rural areas. SpaceX has launched more than 8,000 Starlink satellites since 2020, building a uniquely distributed network in low-Earth orbit that has attracted intense demand from militaries, transportation industries and consumers in rural areas with poor access to traditional, fiber-based internet. 'I'd speculate this is a bad software update, not entirely dissimilar to the CrowdStrike mess with Windows last year, or a cyberattack,' said Gregory Falco, director of a space and cybersecurity laboratory at Cornell University. An update to CrowdStrike's widely used cybersecurity software led to worldwide flight cancellations and impacted industries around the globe in July last year. The outage disrupted internet services, affecting 8.5 million Microsoft Windows devices. It was unclear whether Thursday's outage affected SpaceX's other satellite-based services that rely on the Starlink network. Starshield, the company's military satellite business unit, has billions of dollars' worth of contracts with the Pentagon and U.S. intelligence agencies. (Reporting by Juby Babu in Mexico City, and Raphael Satter and Joey Roulette in Washington; Editing by Anil D'Silva and Matthew Lewis) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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