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EXPLAINED: 85 - The Real Truth

China's Xi promotes China's commitment to AI access in speech at Shanghai conference

President Xi Jinping highlighted people-centered AI development at the World Artificial Intelligence Conference. He stressed China's commitment to equitable AI access for developing nations. This initiative aims to prevent new historical injustices in artificial intelligence. China plans international cooperation with African and BRICS countries.

The Economic Times

South Korea-US team unveils robotic technology that dresses the wearer

The technology developed by researchers at South Korea's KAIST and Stanford University uses soft and flexible "vines" powered by air pressure embedded ‌in clothing. ⁠When pressurised, ⁠the vines glide the fabric up close to the wearer's body like an ivy plant climbing on a structure, even if the person does…

The Economic Times

Japan's imperial family is diminishing. Plan for male-only succession could make it worse

Japan's parliament enacted a historic revision to its Imperial House Law on Friday. This law insists only paternal-lineage men can become emperor, sparking fears for the imperial family. The revisions allow adoption of distant male relatives to father future heirs. Princesses will also be allowed to keep their royal status…

The Economic Times

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Will Chicago's air quality improve tomorrow? Here's what the forecast says

Chicago's air quality has become hazardous due to Canadian wildfire smoke. This pollution has affected over 125 million people across the Midwest and Northeast. Health officials advise residents to stay indoors and minimize outdoor exposure. The smoke is expected to persist through Friday before gradually improving. Authorities recommend monitoring air…

The Economic Times

Chhattisgarh: 196 workers died in industrial accidents in 17 months, govt informs assembly

Chhattisgarh reported 196 worker deaths in industrial accidents over 17 months. The state government denied lax safety enforcement was the cause. BJP MLAs alleged negligence, citing specific fatal incidents and unsafe conditions. Minister Dewangan detailed accident investigations and actions taken by the department.

The Economic Times

HCL Tech shares rise 3% after signing 7-year deal with Guardian Life Insurance

HCLTech shares rose 3% after the IT major announced a seven-year deal with The Guardian Life Insurance Company of America to expand their strategic partnership. Under the agreement, HCLTech will drive AI-led modernisation across Guardian's technology and operations, helping improve efficiency, accelerate value creation, reduce operational friction, and develop AI-powered…

The Economic Times

Alpine Texworld IPO allotment today; GMP hints at flat listing. Here's how to check your status

The Alpine Texworld IPO allotment is expected to be finalised today, with investors able to check their status on the registrar's website and the BSE and NSE portals. The Rs 126.25 crore issue was subscribed 1.40 times overall, led by retail demand. Ahead of its July 21 listing, the stock…

The Economic Times

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The next frontier in multi-asset investing is adaptability

Diversification on paper does not always translate into diversification in practice. Inside AlphaGrep’s multi-asset allocation fund and its novel proposition, where risks are adjusted in response to shifting market signals.

The Economic Times

From mediator to marketer: Pakistan lobbies for a bigger US role

Pakistan hired a US lobbying firm to boost security cooperation and minerals investment. The two-year agreement aims to convert goodwill into tangible bilateral benefits for Pakistan. The firm will engage with Congress and government officials, including the Pentagon. Efforts focus on restoring defense dialogue and attracting investment in Pakistan's minerals…

The Economic Times

What is SAVE America Act? Here's all about Trump's plan to overhaul voting in America

Save America Act What is it? A Republican-backed bill, the SAVE America Act, mandates citizenship proof for registration and photo ID for voting. This legislation has passed the House but faces Senate filibuster challenges and requires bipartisan support. Supporters claim it enhances election security and restores public confidence in the…

The Economic Times

FBI captures alleged Bhagwanpuria gang associate Nitish Kaushal in Vermont

The FBI captured Nitish Kaushal, an alleged associate of the Jaggu Bhagwanpuria Organized Crime Group, in Vermont. Kaushal was wanted by the FBI's Los Angeles field office for his alleged involvement in criminal activities. The Bhagwanpuria OCG is described as a transnational criminal organization involved in various illegal operations. This…

The Economic Times

Americans are angry about data centers. Politicians are feeling the pressure

Just down the road, though, cranes reach above towering fences at the site of a $16 billion project - one that has turned this town of 2,400 people into the latest U.S. flashpoint over AI data centers.

The Economic Times

Abakkus, Helios back Caliber Mining's Rs 135-crore anchor book ahead of IPO

The company informed the stock exchanges that it allotted 31,83,961 equity shares to anchor investors at Rs 424 per share, the upper end of the IPO price band.

The Economic Times

Google Gemini launch delayed as tech falls short of internal goals

The delay comes amid fierce competition among AI developers to boost model ‌performance, cut costs ⁠and ⁠expand enterprise capabilities, fueling a steady, industrywide stream of new systems and reasoning models.

The Economic Times

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The Economic Times

SBI Funds Management IPO allotment likely today; GMP signals 17% listing premium. Here's how to check status

The IPO is scheduled to make its stock market debut on the BSE and NSE on July 21. The IPO is commanding a Grey Market Premium (GMP) of around Rs 97 per share, implying an estimated listing premium of nearly 17% over the upper issue price of Rs 574.

The Economic Times

'Without Opposition's support, how can they bring out the Bill?' : KC Venugopal on One Nation, One Election

"Without the opposition's support, how can they bring out the bill? They have to discuss it with the opposition. Let us have an idea about what they are going to bring, and then we will tell," Venugopal told reporters.

The Economic Times

India's space sector takes off as private rocket readies launch

India has sent spacecraft to Mars and the Moon, put hundreds of satellites into orbit and will in the coming days launch its first privately developed orbital-class rocket. - Mars, Moon, Sun, Sea - In 2014, India became the first Asian nation to put a spacecraft into orbit around Mars.

The Economic Times

US agency denies Tesla petition to avoid recall fix over headlight issue

Tesla argued the issue was inconsequential to ‌motor vehicle ⁠safety ⁠and did not require a recall or notification to consumers. NHTSA said it disagreed with Tesla's conclusion that there is no increased risk of glare for surrounding traffic or the driver of the vehicle. The recall covers about 19,900 2017-2023…

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The Economic Times

China's Moonshot unveils world's largest open AI model, closing in on US rivals

The launch, which comes a month after Anthropic's Fable and Mythos models were abruptly withdrawn by the U.S. government due to security concerns, underscores how quickly China's open AI ecosystem is narrowing the gap with the most advanced U.S. systems.

The Economic Times

UK Labour Party to confirm Andy Burnham as UK prime minister

Britain's ruling Labour party will confirm veteran politician Andy Burnham as its new leader, and the country's next prime minister, at a special conference on Friday. Burnham will become the UK's seventh prime minister in a decade, as British lawmakers appear increasingly willing to turn against their own leaders when…

The Economic Times

Indian spacetech industry shoots for the stars

Private companies are reshaping India's space ambitions, building rockets and satellites as the country pushes to capture a bigger share of the global space economy. Building a satellite of that class, India has never done at least in a private context.

The Economic Times

India's private space industry shoots for the stars

The Economic Times

PayPal board sees Stripe-Advent's $53 billion bid as undervaluing company, sources say

PayPal's board considers a $53 billion takeover bid from Stripe and Advent International as undervalued. The company has not formally responded to the proposal from the consortium. Stripe and Advent have secured a $50 billion financing package for their offer. PayPal's board is evaluating the bid against its own turnaround…

The Economic Times

NASA's James Webb Space Telescope discovers hidden giant exoplanet in Beta Pictoris system

Astronomers found a giant exoplanet, Beta Pictoris d, using Webb Telescope's spectroscopy. This planet was hidden within a dusty debris disk, making it hard to see. Its unique atmospheric chemical signature revealed its presence to scientists. This discovery marks a new method for finding planets around distant stars. Researchers will…

The Economic Times

Tata Group resorts to older tech to launch its chip foray

Tata Electronics will begin India's first chip production using older technology. The Dholera facility will initially focus on 90-nanometer process technology. This mature technology is suitable for industrial and automotive applications. The company plans to gradually introduce more advanced 28-nanometer chips later. This endeavor highlights India's ongoing efforts to build…

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