India Seeks Chipmaking Parity With Major Producers by 2032

A Chinese investment firm has acquired a block of shares in ByteDance Ltd. at a valuation of $480 billion, significantly higher than recent valuations. This acquisition reflects strong investor interest in ByteDance, the parent company of the popular video platform TikTok.

The SAS Academy for Data & AI Excellence is actively training India's workforce to adapt to the emerging Generative AI (GenAI) era. This initiative aims to equip professionals with the necessary skills to thrive in a rapidly evolving technological landscape, thereby enhancing India's position in the global AI market.

Xiaomi Corp. has raised its electric vehicle delivery target for 2025 to over 400,000 units, following a quicker-than-expected path to profitability in its EV business. This marks a significant milestone for the company as it continues to expand its presence in the competitive electric vehicle market.

HinTel-AlignBench is a newly proposed framework aimed at evaluating multilingual Vision-Language Models (VLMs) in Indian languages, specifically Hindi and Telugu, with English-aligned samples. The framework addresses limitations in current evaluations, such as reliance on unverified translations and narrow task coverage. It includes a semi-automated dataset creation process that combines back-translation and human verification, contributing to the advancement of equitable AI for low-resource languages.

Lenovo Group Ltd. reported quarterly revenue that exceeded expectations, driven by an increase in its global PC market share and strong demand for AI servers. This positive performance highlights the company's successful positioning in the technology sector amidst growing interest in artificial intelligence solutions.

Palo Alto Networks Inc. has announced its acquisition of Chronosphere Inc. for $3.35 billion. This strategic move aims to enhance Palo Alto's AI-enabled cybersecurity offerings, reflecting the company's commitment to advancing its technology portfolio.

Incode Technologies Inc., an identity verification platform, is reportedly in preliminary discussions to secure between $150 million and $300 million from investors, aiming for a valuation of up to $3 billion. This move indicates strong investor interest in the identity verification sector.

Nvidia CEO Jensen Huang stated that there has been no diversion of chips overseas, addressing concerns about the company's supply chain amid geopolitical tensions. Huang emphasized the company's commitment to maintaining its production capabilities domestically, which is crucial for its operations and reputation in the technology sector.