Bharat to the Rescue

Russian weapons don’t spook the US, Chinese technology does. The Red Dragon is building advanced chip-based military weapons, majorly imported from the US. This development disturbed the US so much that they decided to impose a ban on chip exports to China.?

But this gave birth to a new problem. With China being the market leader in the chip assembly industry, the ban has caused a major chip crisis in the world.?

At this point, the only country that can fill the void and provide a robust alternative is India. The world recognizes this and is coming together to help India turn into the semiconductor supplier of the world.?

Meanwhile, India's announcement of a 50% reduction in the cost of setting up a semiconductor manufacturing facility has attracted the attention of many established companies globally. Companies like?Vedanta-Foxconn ,?Tata Group, PSMC , and Micron Technology are advancing their semiconductor plans in India by taking advantage of the incentive programs, focusing on mature manufacturing processes.

Recently, the US declared a strategic alliance with India, with an emphasis on critical and emerging technology (iCET). The objective of the partnership was to bolster semiconductor supply chains, foster growth in mature technology nodes and packaging in India, and develop a competent workforce.?

While shifting away from China, the chip industry faced another major issue – finding rare earth materials for semiconductors. India has the solution to this problem too. India is rich in 49 critical and non-fuel minerals that could propel the global semiconductor sector, according to a CEEW report.?

This is why the US-India initiative has identified advanced materials and rare earth processing technology as areas for future collaboration.

In the global semiconductor supply chain ecosystem, as the US and China chart their own courses, India is emerging as a dependable alternative for countries to fulfil their semiconductor needs. To cement its position as a trusted ally, India should form strong collaborations with other nations.?

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Great Firewall of China

Riding the current AI trend, Baidu, a China-based tech company, is creating an AI-based chatbot similar to OpenAI's widely used ChatGPT. Additionally, there are reports that Baidu has global ambitions with its chatbot and plans to pitch it against ChatGPT.

However, the biggest question arises: Will the highly censored Chinese policy allow Baidu to achieve its global AI ambition in the chatbot category?

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Shadow Over Meta’s Future

Meta recently released its financial year and Q4 results, and investors are delighted. The company's stock increased by 18% following the announcement, largely due to Facebook reaching two billion active users and Instagram improving its AI discovery engine. However, Reality Labs casts a shadow over the horizon. Let's examine the details of this earnings report closely.

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Age Discrimination in Tech

According to PayScale, the median employee age at tech leaders Facebook, LinkedIn, and SpaceX is under 29. Only IBM, Oracle, and HP have a median employee age of over 33.

Indian IT companies also display an age bias. AIM's research shows that major tech firms in India have few senior employees over 50. For example, Infosys and TCS have about 50% of employees between 20 and 35 years, 40% between 35 and 50 years, and only 10% above 50 years.

Read the full story?here .