techcrisp

by Kumud Goel

Satya Nadela, CEO of Microsoft Corp, predicts that the Indian economy shall see a value-added of US$ 500 Billion in GDP due to AI in 2025; India hopes to be a US$ 5 Trillion economy in 2025.

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News

  • Satya Nadela, CEO of Microsoft Corp, predicts that the Indian economy shall see a value-added of US$ 500 Billion in GDP due to AI in 2025; India hopes to be a US$ 5 Trillion economy in 2025.

  • Masayoshi Son, CEO of Softbank and Technology investment wizard.

  • OpenAI’s revenue has exceeded $2 billion annually

  • The Walt Disney Co. is acquiring a $1.5 billion equity stake in Epic Games Inc., the creator of Fortnite

  • Roblox Corp., a metaverse gaming company

  • European Parliament votes for lesser regulation for crops created through gene editing – a boost for technologies like CRISPR. 

  • Climate Change

  • Satya Nadela, CEO of Microsoft Corp, predicts that the Indian economy shall see a value-added of US$ 500 Billion in GDP due to AI in 2025; India hopes to be a US$ 5 Trillion economy in 2025.

    This is indeed good news for India. With Microsoft’s insight on the subject, getting more specific details and action needed from India to achieve this goal would be a great way forward. ChatGPT is now available in Azure OpenAI Service for enterprises. ChatGPT based Copilot Chat Bot has been developed by Microsoft and is available with Microsoft 365 Business. It empowers Word, Excel, Powerpoint, Outlook and Teams with AI features improving productivity of users. However Satya Nadela’s optimisim on value added by AI in such a short term in India looks fantastical.


  • Masayoshi Son, CEO of Softbank and Technology investment wizard, has reason to smile after a brutal 2022/23 ( WeWork debacle). Softbank acquired Arm, the UK-based Chip design technology company, for US$ 32 Billion in 2016. Arm Listed on the Nasdaq in 2023 at US$ 65 Billion. Driven by strong demand for AI and its core offerings, share prices have boosted the market capitalization to US$ 118 Billion. Softbank holds around 89% of Arm stock.


  • OpenAI’s revenue has exceeded $2 billion annually, mainly due to the success of their ChatGPT. The CEO, Altman, reports that 92% of Fortune 500 companies currently use OpenAI ChatGPT, which has 100 million weekly users. In contrast, Google recently announced its new AI system, Gemini, which is available through a subscription of $20 per month. Despite OpenAI’s success, the company is still losing money due to the high cost of building and operating its models.


  • The Walt Disney Co. is acquiring a $1.5 billion equity stake in Epic Games Inc., the creator of Fortnite, as part of a collaboration involving Disney properties like Star Wars, Marvel, and Avatar. The acquisition is part of a string of collaborations involving Disney properties like Star Wars, Marvel, and Avatar.


  • Roblox Corp., a metaverse gaming company for young people, experienced a significant surge in its stock price after reporting higher-than-ever revenue and player counts. In Q4, Roblox’s bookings increased by 25%, amounting to $1.13 billion in revenue. Moreover, the platform saw a record number of daily active users, with 71.5 million people logging in daily to play Roblox. 


  • European Parliament votes for lesser regulation for crops created through gene editing – a boost for technologies like CRISPR. 

    Plant breeders,  hailed the recent vote towards increased innovation and agricultural sustainability. Gene-edited plants have the potential to produce higher yields and better resist pests and pathogens. The European Union considers plants created with the genome editor CRISPR and similar methods that alter existing DNA to be genetically modified organisms (GMOs). Researchers argue that gene-edited crops should be exempt from this classification. With the threat of climate change to food production and disruption in supplies related to the war in Ukraine, there is a need for new plant varieties especially in Europe.


  • Climate Change: The temperature Limit was breached briefly in June 2023.

    Copernicus, a part of the EU’s space program, reported that the earth’s average temperature exceeded 1.5 degrees centigrade in June 2023 compared to the 1850-1900 levels. The Paris Agreement provides for containment of this limit on average for the next 20-30 years.

    Experts are not overly worried but do stress close observation. Twenty-eight years have passed since the first Conference of Parties(COP) was held. COP29 shall be held in Azerbaijan in 2024. While worldwide awareness of climate change is high, wealthy nations are still unwilling to commit the resources needed. World leaders need to rise above country-wise priorities and take a holistic view. In addition an El Niño warming in the eastern Pacific Ocean is expected to strengthen in the coming months, and could further increase global surface temperature in 2024.