Latest news with #MandeepSingh
News18
6 days ago
- Sport
- News18
Punjab, Jharkhand enter final of sub junior hockey nationals
Agency: PTI Last Updated: Chennai, Aug 6 (PTI) Punjab and Jharkhand registered victories in their respective matches on Wednesday to set up a summit clash against each other in the 15th Hockey India Sub Junior Men National Championship here. In the first semi-final of the day, Punjab defeated Uttar Pradesh 4-3. Sukhdev Singh (51st, 52nd) shone with a late brace, after Mandeep Singh (19th) and Varinder Singh (28th) scored in the first half. Harsh Pratap Singh (9th), Ali Shahrukh (21st) and captain Ketan Kushwaha (28th) were the scorers for Uttar Pradesh. In the other semi-final, Jharkhand defeated Madhya Pradesh 3-1. Though Love (21st) gave Madhya Pradesh the lead, Jharkhand bounced back with goals from Soreng Sumray (29th), Ashish Tani Purti (44th) and Jaysan Kandulna (56th) to move into the final. view comments First Published: August 06, 2025, 18:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Bloomberg
6 days ago
- Business
- Bloomberg
Palantir Cites ‘Astonishing' AI Impact in Earnings
Palantir shares soared after the company reported a 48% increase in revenue for the second quarter. Bloomberg Intelligence's Mandeep Singh joins Caroline Hyde and Ed Ludlow on 'Bloomberg Tech.' (Source: Bloomberg)
Business Times
03-08-2025
- Business
- Business Times
The AI race has big tech spending US$344 billion this year
[LONDON] If there's any lesson to take from the spending plans issued by the world's largest technology companies over the past two weeks, it's to never underestimate the fear of missing out. Microsoft, which set a US$24.2 billion capital spending record last quarter, plans to drop upwards of US$30 billion in the current period. similarly spent US$31.4 billion last quarter, almost double what it dropped a year ago, and is maintaining that level of investment. Google owner Alphabet raised its capital expenditures guidance this year to US$85 billion. Then there's Meta Platforms: The social networking giant lifted the low end of its forecast for 2025 capital expenditures and projected that costs will continue to grow at an even faster pace next year. Altogether, the four companies are expected to spend more than US$344 billion for the year, with much of it going to the data centres necessary to run artificial intelligence (AI) models. 'We have basically tripled capex investment in cloud due to AI,' Bloomberg Intelligence analyst Mandeep Singh said. The emphasis from virtually every company executive during this earnings season was on investing as quickly as possible to get ahead. 'We need the teams to execute at their very best to get the capacity in place as quickly and effectively as they can,' Microsoft chief financial officer Amy Hood told analysts in a call on Wednesday. Susan Li, Meta's CFO, said the goal of its own spend is to secure the advantage 'in developing the best AI models'. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Wall Street's response has been mixed. Meta was rewarded – in large part because the company posted a strong second-quarter sales beat and issued a rosy revenue forecast, signalling that the billions it's spending on AI are paying off. 'On advertising, the strong performance this quarter is largely thanks to AI unlocking greater efficiency and gains across our ad system,' chief executive officer Mark Zuckerberg said on an analyst call. Zuckerberg has plans to build several massive data centres and has been luring top AI researchers with compensation packages valued at hundreds of millions of US dollars. The company recently restructured its internal AI division, now referred to as Meta Superintelligence Labs, in an effort to build human-level AI capabilities and apply that technology across its products. Shares of the company have gained more than 8 per cent since it reported earnings on Wednesday. Amazon, on the other hand, failed to convince investors that its lavish spending has been worth it. The stock was down as much as 8.1 per cent on Friday after the company reported tepid sales from its cloud division. The results were 'especially disappointing' given the strong performance from Google's and Microsoft's own cloud services, according to Bloomberg Intelligence (BI). And the ongoing capital costs will not help. The operating margin for Amazon's cloud unit will continue to face pressure 'through 2026 as capital spending ramps up', BI analysts Poonam Goyal and Anurag Rana said. Alphabet's shares are essentially unchanged from last week when it reported earnings and issued guidance. The company raised its capital expenditures outlook by US$10 billion and expects to ramp up spending even more in 2026. chief executive officer Sundar Pichai explained that the investments are necessary to keep up with customer demand. 'Obviously, we are seeing strong momentum across our portfolio, and especially in cloud,' Pichai told analysts in a call on Jul 23. 'It's a tight supply environment, and we are investing more to expand.' Nikhil Lai, an analyst at Forrester, put it another way: If Google wants to keep up with rivals, he said, it has little choice but to follow suit: 'Google's hand is forced by OpenAI to spend tremendously on AI's infrastructure and applications.' Microsoft tied its AI investments directly to a 39 per cent jump in sales for its Azure cloud-computing division, which came in ahead of analysts' estimates. 'We continue to lead the AI infrastructure wave and took share every quarter this year,' chief executive officer Satya Nadella said in a call with analysts on Jul 30. 'In Microsoft's case, the returns are good,' Gil Luria, an analyst with DA Davidson, said. The only question now is whether Microsoft's customers are in turn seeing a decent return on investment, he said. 'That's where the test will be,' he said. 'If they don't, they are not going to increase that spend next year.' Apple's capital plans pale in comparison to its big tech peers. But the iPhone maker did raise its spending estimates, tying much of the increase to AI efforts. Apple's property, plant and equipment investments totalled US$9.47 billion in the nine months ended Jun 28, up nearly 45 per cent from a year ago. 'You are going to continue to see our capex grow,' chief financial officer Kevan Parekh told analysts on Thursday. 'It's not going to be exponential growth, but it is going to grow, substantially. And a lot of that's a function of the investments we are making in AI.' BLOOMBERG
Time of India
01-08-2025
- Business
- Time of India
Employees of 41 sewa kendras go on strike over unpaid dues
Ludhiana: Residents across Ludhiana faced inconvenience on Friday as employees of 41 Sewa Kendras went on strike over delayed salaries and unexplained deductions. The protest, which lasted from 9am to 3pm, disrupted services at key centres, including the mini secretariat, where hundreds of applications are processed daily. Tired of too many ads? go ad free now The employees, hired on contract by a private company, alleged that their June salaries were paid only on July 29, and even then, Rs 2,800 to Rs 3,200 had been deducted without explanation. Gurpreet Singh, president of the Sewa Kendra Union, Ludhiana, said that the strike was a result of repeated delays and lack of transparency. Each day, the Mini Secretariat Sewa Kendra handles 400 to 500 applications, while other centres process 100 to 150 applications. With counters unmanned during the protest, thousands of applications were left pending. By evening, the protest was called off after the company assured employees that salaries would be paid by August 10, and the deducted amounts would be reimbursed. Employees resumed work following the assurance. Meanwhile, residents visiting the centres were left frustrated. Mandeep Singh from Haibowal, who came to apply for a bank-related document, said his time and travel expenses were wasted. Atma Singh, who needed to renew his driving licence, also returned disappointed. Another applicant, who took leave from work to correct Aadhaar details, said that his leave was wasted as the centre was non-functional. Employees expressed concern that the pressure would continue even after the strike, as the civic body pushes to meet property tax targets and other deadlines. MSID:: 123046557 413 |
Tom's Guide
01-08-2025
- Business
- Tom's Guide
Google just lost an appeal against opening up Google Play to Epic Games and others — what this means for you
You should probably expect to see some changes happening to Google Play in the near future, as Google has just lost its appeal in an antitrust case brought forward by Epic Games. This means the company is going to have to make some serious changes to its app store policies (via Bloomberg). The ruling comes from the 9th U.S. Circuit Court of Appeals, and the most important part of it is that the Google Play Store needs to lift restrictions that make it harder for rival app stores to operate. Android may be a more open system than iOS, in terms of app installation, but the strict app store policies were never exclusive to Apple. Epic Games CEO Tim Sweeney has praised the ruling, claiming that it would allow Epic to distribute its own Epic Game Store via Google Play. Essentially, this means you won't need to sideload the alternative app store. Bloomberg notes that the ruling also allows developers to set up their own billing systems, rather than filtering everything through Google Play, which involves paying Google commission on each transaction. Bloomberg Intelligence analyst Mandeep Singh said that increased third-party billing systems are the bigger problem for Google — estimating that it could be "a $1-$1.5 billion drag on the company's gross profits." Google is not particularly happy about the ruling, naturally. "This decision will significantly harm user safety, limit choice, and undermine the innovation that has always been central to the Android ecosystem," said Lee-Anne Mulholland, Google's vice president for regulatory affairs. "Our top priority remains protecting our users and developers, and ensuring a secure platform as we continue our appeal. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. From the sounds of things, this isn't the end of Google's fight, and it's likely that Google will be taking the appeals process further, and to the Supreme Court. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button.
