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In today’s customer-centric market, businesses must align product design, processes, and delivery with the needs of the customers. However, the manufacturing sector faces several challenges, including extended time to market, wastage,and design inefficiencies. Other key challenges include maintaining operational efficiency while reducing downtime. Ensuring that the product meets the required quality standards is time-consuming and expensive. In a competitive marketplace, these issues can hinder the success of a business. While technologies like Artificial Intelligence (AI), Robotic Process Automation (RPA), Machine Language (ML), etc., have addressed many of these challenges, there is still room for improvement. Enter <keyword id="14248037" type="General" weightage="100" keywordseo="digital-twin-technology" source="Orion">digital twin technology</keyword>: the key to <keyword id="3108381" type="General" weightage="20" keywordseo="smart-manufacturing" source="Orion">smart manufacturing</keyword>! Digital twin technology has rapidly gained popularity across various industrial sectors! , Infact, the global digital twin market, <a href="https://www.fortunebusinessinsights.com/digital-twin-market-106246">valued </a>at $12.91 billion in 2023 is expected to grow at a compound annual growth rate (CAGR) of 39.8% from 2023 to 2032. A 2022 report by Research and Markets highlights that 60% of executives across diverse industries plan to integrate digital twin technology in their projects to boost revenue. But why is digital twin technology making huge strides in the industrial sector? Let’s explore the details of this path-breaking technology! <h2>What is digital twin technology?</h2>A digital twin is essentially the virtual representation of physical products during different stages of their lifecycle. This can include real devices, objects, machines, services, intangible assets, and more. By connecting virtual models to their real devices, digital twins provide a detailed and dynamic representation of the physical objects they emulate. Continuous data transmission ensures that the virtual models remain in sync with the real objects. <h2>How does the digital twin make manufacturing smart?</h2>In manufacturing digital twins can be generated for various real-life scenarios like assets, specific production lines, end products, etc. These digital representations offer deep insights and visibility into production processes. Manufacturing involves a complex network of processes and products with several data points. These data points describe products, assets, entire lines, processes, etc. The digital twin replicates the manufacturing operations to capture, map, and structure the process variables in a continuously updated database. <h2>Technologies used in digital twin deployment</h2><ul><li>Internet of Things (IoT): IoT sensors enable continuous data transmission. </li><li>Cloud computing: Helps in storing large volumes of data that can be accessed by various stakeholders. </li><li>AI: AI gathers data and provides valuable insights. AI also makes accurate forecasts. </li><li>Extended Reality (XR): XR technology facilitates digital modelling of physical objects and processes. </li></ul><h2>Benefits of the digital twin in manufacturing</h2>1. Risk mitigation Businesses can test and validate a product before physical production begins. This helps identify potential process failures early and mitigates risks by simulating various scenarios. 2. Facilitates predictive maintenance The data provided by the simulation model helps identify the bottlenecks in the system. It helps in scheduling preventive maintenance accurately which lowers maintenance costs and boosts production line efficiency. 3. Real-time monitoring and control One of the biggest challenges in manufacturing is getting an in-depth view of the system in real time. A digital twin helps overcome this challenge by facilitating remote monitoring and control of the process by providing real-time data. 4. Seamless collaboration A digital twin offers a single point of truth for different stakeholders. They can access data 24/7 and collaborate through a single platform for better outcomes. 5. Data-backed decisions Large volumes of real-time data and advanced analytics facilitate better and faster decision-making regarding the adjustments in the manufacturing system. 6. Delights customers Digital twin technology facilitates the simulation of different product variations in a virtual environment. This helps manufacturers build customised products efficiently and cost-effectively, enhancing customer experience. There was a time when physical proximity and inspection were the most effective ways to gain insights into the status of operating equipment. Digital twin technology has offered an innovative method to gain these insights by virtualising real processes/products. This innovation allows businesses to create, test, and build equipment in a virtual environment, moving to production only when the virtual model meets all criteria. This reduces waste, optimises costs, and makes manufacturing more agile, resilient, and efficient. It’s no wonder the digital twin market in manufacturing is projected to reach $48.2 billion by 2026. Disclaimer: This article is authored by Raja V., BPM Expert. The opinions expressed are those of the author and do not necessarily reflect the views of Business Insider India. This article is published by the Insider Studios team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>.

How digital twin technology is revolutionising smart manufacturing

<keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword>, under the leadership of <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>, showcased its vision for the future during the company’s Annual General Meeting (AGM) that was held today (August 29). During the AGM, <keyword id="19936674" type="General" weightage="20" keywordseo="reliance" source="keywords">Reliance</keyword> laid out ambitious plans that span across its diverse businesses. The conglomerate, which has interests ranging from oil to telecom to retail, is positioning itself as a key player in India’s growth story, with a particular focus on <keyword id="20239522" type="General" weightage="20" keywordseo="technological-innovation" source="keywords">technological innovation</keyword>, energy security, and retail expansion. <h2>Not chasing short-term profits</h2><keyword id="19898589" type="General" weightage="20" keywordseo="ambani" source="keywords">Ambani</keyword>, during his speech, said that Reliance is not merely chasing short-term profits but is dedicated to creating long-term wealth for the nation. He reiterated the company’s commitment to providing high-quality products and services that enhance the lives of Indian consumers. The chairman announced that the company’s board will consider issuing bonus shares on September 5, further rewarding shareholders as Reliance continues to grow. <h2>Transforming into a deep-tech company</h2>A major theme of the AGM this year was Reliance’s transformation into a deep tech company, with advanced manufacturing capabilities at its core. Ambani described this shift as essential to securing a place in the global top-30 companies in the near future. He highlighted the company’s strategic adoption of artificial intelligence (AI), calling it one of the most transformative events in human history. AI, he noted, opens up new avenues to address complex problems, making Reliance a net producer of technology. Reliance has been making significant strides in R&amp;D, with over ₹3,643 crore invested in FY24 alone, taking the total research expenditure to over ₹11,000 crore in the last four years. This investment is driving innovations in various areas, including bio-energy, solar power, green energy, and high-value chemicals. The company has also been active in digital research, filing patents in 6G, 5G, AI, and IoT, among others. Ambani assured that this tech-driven transformation would propel Reliance into a new phase of hyper-growth, multiplying its value in the coming years. <h2><keyword id="20337020" type="General" weightage="20" keywordseo="retail-business" source="keywords">Retail business</keyword> to double</h2>In addition to technological advancements, Reliance Retail, the company’s retail arm, is set to double its business in the next three to four years. Isha Ambani, Director of Reliance Retail, shared that the retail segment recorded a gross revenue of ₹3.06 lakh crore for the financial year ending March 31, 2024, marking a 17.8% growth over the previous year. The retail business has rapidly expanded, with Reliance opening 1,840 new stores in the past year, bringing the total to 18,836 stores across 79 million square feet of retail space. This growth has positioned Reliance Retail among the top-5 global retailers in terms of store count and among the top-10 in market capitalization globally. Isha Ambani emphasised that much of this growth is driven by a focus on smaller towns, where two-thirds of the new stores have been opened. Reliance Retail is also focused on creating high-quality, affordable products through its Consumer Brands business, which has seen the re-launch of popular brands like Campa, Lotus Chocolates, and Sosyo. Mukesh Ambani concluded by underscoring Reliance’s mission to provide energy security to India while also contributing to a cleaner and greener world. As the global landscape becomes increasingly uncertain, he expressed confidence in India’s role as a key growth engine in the global economy. The International Monetary Fund (IMF) projects that India will become the world’s third-largest economy by 2027, surpassing Japan and Germany. Ambani affirmed that Reliance will continue to be a driving force in India’s march toward becoming a developed nation.

Reliance AGM 2024: Company aims to double retail business, Mukesh Ambani says not pursuing short-term profit

<ul class="summary-list"><li>Trump's win could provide a much-needed boost to the consulting industry.</li><li>Trump's proposed tariffs, tax cuts, and deregulation could drive demand for consulting services.</li></ul>President Donald Trump's election victory could spell good news for the <a target="_blank" class="" href="https://www.businessinsider.com/consulting-firms-mckinsey-bcg-accenture-workers-leaving-2024-9">consulting industry</a>, which has recently faced declines in demand and hiring.Trump campaigned on several proposed policies — including global tariffs on imported goods and <a target="_blank" class="" href="https://www.businessinsider.com/trump-tax-cuts-social-security-boomers-benefit-fund-depletion-2024-11">sweeping tax cuts</a> — that could <a target="_blank" href="https://www.businessinsider.com/donald-trump-presidency-affect-big-tech-2024-11">impact American businesses</a> and, in turn, demand for consulting services.Industry experts told Business Insider they expect <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">Trump's election</a> to increase demand for consulting, including strategy, management, reorganizational, and technical advisory services."I think the election of Trump is very favorable for the consulting industry," Michael Mische, a management consultant, former partner at KPMG, and professor at USC's Marshall School, told BI.Mische said the primary factors that drive consulting are typically macroeconomic health, government spending, CEO sentiment, free cash flows, and client need. He said there has been client need over the past couple of years, but some CEOs have been hesitant to act on it due to a tough macroeconomic environment, noting that the industry is highly vulnerable and elastic depending on what's going on in the world."Our entire consulting industry — it's predicated on the fact that it's the discretionary item. It literally is the luxury item of the CEO," Mische said.Unlike accounting or legal services, consultants are not a must-have, and they are quick to go when CEO sentiment is down or economic outlooks are uncertain. But Mische said Trump's election will likely boost CEO sentiment, noting that <a target="_blank" class="" href="https://www.businessinsider.com/how-to-invest-trump-win-election-stock-market-outlook-strategy-2024-11">the stock market reacted</a> positively to Trump's win.Trump's proposal to cut the corporate tax rate could leave more money for companies to put toward discretionary spending like consultants. The unrealized capital gains tax floated by Vice President Kamala Harris is also unlikely to happen now, another potential morale boost for companies.<a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-election-win-high-inflation-risk-tariffs-deportations-taxes-2024-11">Tariffs</a> might also favor the consulting industry, as responding to them could require "quite of bit of intellectual horsepower" and specialized skillsets that companies may turn to consultants for.Two days after the election, Mische said he was already seeing clients warm up to hiring more consulting services.<h2 id="0172b540-ba65-42fa-b2bd-4c6e3f78d704">Potentially a short-term bump</h2>Tom Rodenhauser, managing partner at the consulting market research firm Kennedy Intelligence, agreed that the industry could see increased demand following Trump's election, but he thinks it could be a "short-term bump."Rodenhauser said Trump comes with uncertainty, along with his promises of tax cuts and <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-could-help-deregulate-tech-amid-a-trump-victory-2024-11">deregulation</a> — all of which, including the unpredictability, can be good for consultants."But the bad part is you're borrowing against the future. You're kind of having this very short-term outlook," he said.For instance, in recent years, there has been a push toward renewables as the energy of the future, but Trump's focus on oil and gas could lead to more focus and expenditures on those sectors, a move Rodenhauser said may not be ideal in the long term.He compared the situation to what happened during the pandemic: surging <a target="_blank" class="" href="https://www.businessinsider.com/the-consulting-business-demand-is-rough-right-now-2024-3">demand for consulting services</a> led to over-hiring, which led to layoffs and delayed start dates at some major firms, including <a target="_blank" class="" href="https://www.businessinsider.com/big-four-consultancies-deloitte-ey-cut-staff-pwc-accenture-2024-10">Deloitte</a>, <a target="_blank" class="" href="https://www.businessinsider.com/ey-graduate-hires-start-dates-delayed-slowdown-strategy-consulting-2024-10">EY</a>, and <a target="_blank" class="" href="https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024#:~:text=PwC%20is%20cutting%201%2C800%20employees.&amp;text=Big%20Four%20accounting%20firm%20PwC,will%20be%20informed%20in%20October.">PwC</a>."I think the danger for the big consulting firms is you don't want to seize upon an opportunity that's going to give you a short-term fix," he said.Doree Keating, a public sector industry leader at Ernst &amp; Young, had a more optimistic outlook on Trump's impact. "We're seeing tremendous opportunity for the government to leverage cloud technology, responsible AI, and data to drive efficiency and effectiveness across all agencies. Ultimately, our focus will be on helping modernizing government operations to deliver better results for the American people," she told BI by email.<h2 id="728a89b9-e57f-453a-b804-6c5d72e45ff6">'Business as usual'</h2>Two consultants both told Business Insider by direct message on Reddit that their firms are preparing for "business as usual" in Trump's second term. Both requested anonymity to avoid jeopardizing their careers but their employment was confirmed by Business Insider.One consultant who works at Deloitte said there would likely be a shift from federal to state-level work. "The prediction for more state government contracts comes across some of the policy ideas we've heard from the Trump administration; if there's certain federal social services that change or end, states have a lot of work to do to implement those changes but also address gaps it creates for the respective citizens of the state," they wrote.They added that Deloitte's leadership predicts a hiring surge next year to support staffing changes across agencies, new grant work, and implementing policy decisions Trump makes in his first year as president.Deloitte did not respond to Business Insider's request for comment.<h2 id="c6c80825-8c85-4b55-8f64-35597771189a">Three phases of preparing for Trump 2.0</h2>Mische said he expects three phases in how consulting firms respond to the new presidency. First, they'll need more confidence about what they think will happen in 2025. Next, they'll need to work through the backlog of extended but deferred job offers to see who is still interested in working for the firm. And once they have clarity in those regards, firms can start amping up their recruiting efforts.He expects much demand in the energy sectors, from fossil fuels to renewables, and an increased focus on more efficient government spending.The federal government spends billions annually on consulting services, and he said there may be increased demand from agencies Trump has suggested making major changes to, including the Department of Education, the Justice Department, and the Department of Defense.

What Trump's win means for the consulting industry

The <keyword id="1370377" type="General" weightage="20" keywordseo="BPM-industry" source="Orion">BPM industry</keyword> in India is at the cusp of a transformation and the demand for AI-enabled talent is set to surge, redefining workforce needs across the sector. “My spectrum tells me, in the next 3-5 years, there’s going to be an uptick in AI-enabled workers till the time that models stabilise,” said Nitasha Atreya, the Head of Transformation, Digital Operations and Platforms at Wipro, during a panel discussion on “AI-Ready <keyword id="20041791" type="General" weightage="20" keywordseo="bpm" source="keywords">BPM</keyword> Industry in India,” hosted by Business Insider India. While AI has the potential to streamline many business processes, industry experts caution against relying solely on AI. Human intervention is still required, which means skilling new talent and upskilling existing talent is vital to leveraging AI effectively. Investing in these areas allows organisations to better meet evolving demands with a workforce that complements AI-driven solutions. <div type="Youtube" id="3ewvUSYfG1M" title="Al-Ready BPM Industry In India" thumbUrl="https://i.ytimg.com/vi/3ewvUSYfG1M/mqdefault.jpg"><url><![CDATA[https://www.youtube.com/watch?v=3ewvUSYfG1M]]></url></div> <h2>Why human intervention is critical</h2>As the demand for AI and generative AI models is rising among BPM clients, particularly for model-building capabilities, so is the demand for AI-skilled workers. “For us to have the right intervention for human-in-the-loop processes, it’s essential that we develop an AI-enabled workforce,” Mythily Ramesh, Co-Founder and Director of NextWealth told Business Insider. Ramesh shared industry projections that estimate AI could create up to 100 million jobs globally. AI models generate predictions based on historical data and probabilities, but human oversight is essential to ensure accuracy and minimise errors. “AI as an enabler or augmenting the human workforce is probably the way this industry is going to progress. With the risks that are associated with completely leaving AI to replace humans – it’s just not going to work,” explained <keyword id="23987938" type="General" weightage="20" keywordseo="sundar-hariharan" source="keywords">Sundar Hariharan</keyword>, Vice President of Digital Business Experience Centre at Alorica IQ. <h2>Shaping the future of AI And BPMs with collaborative intelligence</h2>The panellists emphasised a significant challenge in AI model development: only 1 in every 100 models actually makes it to deployment. For all of these models, a rigorous process of training and fine-tuning is required, using either synthetic or human-generated data. This process is not just about feeding the model data but also validating the output to ensure it functions as intended. “There’s a lot of requirements for data training and validation,” said Ramesh, highlighting the substantial demand for data annotators, labelers, and specialists in areas like image and video annotation. These roles are crucial for ensuring that the data used to train models is of high quality and accurately reflects the task at hand. However, the skills required for these roles go beyond traditional data labelling. The workforce must move away from rigid Standard Operating Procedures (SOPs) and understand the context in which data is being used. This requires employees to make judgement calls that help refine the model’s performance, adapting to continuously evolving instruction sets. "It’s collaborative intelligence—human intelligence combined with artificial intelligence," Ramesh noted. To address this evolving demand for skills, companies like Wipro have implemented comprehensive upskilling programs. These programs are tailored to different business segments, from basic AI awareness (AI 101) to advanced training for developers, engineers, and architects—those working directly on the models. Atreya shared that over 10,000 developers and engineers at Wipro are currently receiving training across these programs. <h2>AI’s role in transforming BPM operations</h2>According to Suhrid Brahma, the Chief Technology Officer at WNS Global Systems, the core model of the BPM industry is changing. “There is a shift from focus on people, to outcomes and value-add as an industry,” he said. He outlines a three-part strategy for the upgrades needed in AI-driven BPM, beginning with AI in operations. By building an AI-skilled workforce and maintaining a ‘human in the loop’ approach, organisations can maximise the value of AI while keeping essential human oversight. The second area is AI for applications and platforms. Each BPM deal has a technological component, which varies from client to client, but AI should be woven directly into these enterprise systems to ensure seamless functionality. Lastly, he highlights AI’s evolving role in analytics, shifting from retrospective analysis to providing predictive insights that drive proactive decision-making across the organisation. “This whole industry will grow for sure. But the nature of work we do, the kind of value-add we do for clients and the kind of outcomes we deliver as an industry, will definitely change,” Brahma noted. <h2>Navigating an evolving AI landscape in BPM</h2>As AI continues to reshape BPM, the nature of customer needs is also changing. With AI, businesses now have the potential to drive end-to-end process automation, where one part of the process is handled by the BPM organisation and the other by the client, fostering a more collaborative approach to AI adoption. Hariharan noted that BPM providers are transitioning into more tech-driven organisations, as AI increasingly becomes a key enabler of business processes. However, the road to AI integration is not without challenges. Atreya pointed out several challenges like siloed technology limiting the potential of AI to drive meaningful results. Atreya highlighted that siloed technology often limits the ability of AI to drive results. Organisations must assess whether they are AI-ready, with a mature data infrastructure and robust data availability. According to her, the most pressing concern remains ensuring ethical and responsible AI deployment, as new regulations continue to evolve. For sectors like BFSI, tech integration is already advanced, but industries like logistics have an opportunity to leapfrog by integrating systems and running processes end-to-end with AI, according to Brahma. He emphasised the importance of data integration to fully benefit from AI. Looking ahead, the panellists see huge opportunities in sectors like e-commerce and automotive, where AI-driven services are changing the landscape. The key to success will be collaboration, integration, and a well-trained workforce prepared to drive this AI-enabled transformation. This article is part of a four-part webinar series in partnership with nasscom. These monthly webinars aim to delve deep and offer insights into the evolving BPM landscape. You can watch the full video of the third session <a href="https://youtu.be/3ewvUSYfG1M">here</a>. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>

India's BPM industry to see sharp demand for AI-skilled talent over the next 3-5 years

For 10 years, Joe Gallegos Jr. lived the life of an LA actor, driving from audition to audition across the sprawling city in the hopes of landing a role. Things were going well — he'd landed a role in "A Cowgirl's Story," a military drama starring Bailee Madison, the "Dance Moms" star Chloé Lukasiak, and Pat Boone, and he was starting to read for bigger projects.That all changed a few years ago when a film role brought him back to his native New Mexico. He was close to family for the first time in years, and the film industry there was burgeoning. When the movie wrapped, instead of sprinting back to Los Angeles, Gallegos realized he didn't have to go back. The pandemic had shifted from in-person to on-tape. He's since earned acting credits in TV shows like "Pulse," a medical procedural on Netflix; and "Duster," a JJ Abrams drama on HBO Max — both of which filmed in New Mexico. The money he's made from those gigs and a few independent projects made it possible for Gallegos to buy a townhouse in downtown Albuquerque — something he'd never come close to being able to afford in La La Land."It's been a good decision because, as an actor, I can be literally anywhere in the world now," he told me.Lately, creative workers are increasingly chasing their Hollywood dreams in production hubs far from Hollywood. LA continues to hold the lion's share of <a target="_blank" href="https://www.businessinsider.com/hollywood-losing-dominance-tv-movies-employment-chart-2024-10">film and TV jobs</a> in America, but after a long grind of jobs slowly slipping away, the exodus from the city has accelerated in recent years. A recent analysis of Bureau of Labor Statistics figures conducted by Patrick Adler and Taner Osman of Westwood Economics &amp; Planning Associates found that the figure was 22% in August, down from about 33% two years earlier.So what's making actors, executives, and studios look beyond the Hollywood sign? Some factors aren't new. Most notably, states have long used financial incentives to try to lure film investment away from California. But those incentives helped establish an infrastructure across the US — with top-notch sound stages being built in cities as varied as Dallas, Atlanta, and Miami — that was ready and waiting when the pandemic-era rise of remote work gave those seeking a lower cost of living a real choice in deciding where to live. Add it all up, and it seems that the glitz and glam of Hollywood is struggling to keep up with simple dollars and cents.The filmed entertainment industry's center of gravity is shifting further from Hollywood at a time of upheaval. The decadelong shift to streaming was exacerbated by the pandemic, which stalled, then boosted, production as people stayed inside and became couch potatoes. Peak TV came to a halt in 2022 when networks, studios, and streamers couldn't make the financial math for all those new streaming shows work. And filming was shut down once again in 2023 because of the Hollywood actors and writers strikes.When projects slowly got back on their feet, fewer of them were turning their lights on in LA. FilmLA, which issues permits for production in the region, found that Greater Los Angeles' share of US-produced TV and film projects declined from 23% in 2021 to 18% last year. The number of people employed in the traditional entertainment industry in LA, according to the Bureau of Labor Statistics, hit a 30-year low in June. At the same time, jobs related to video gaming, live events, and the creator economy rose in the city as people's <a target="_blank" href="https://www.emarketer.com/content/digital-media-makes-up-nearly-two-thirds-of-consumers-total-time-spent-with-media">media diet</a> shifted toward social video and away from traditional TV and movies.The biggest reason that productions are looking elsewhere is cost. The wage gains made by the actors and writers have increased budgets for talent, leading producers to hunt for ways to drive down outlays in other areas — including locations. Thirty-seven states offer perks for film and TV production — typically in the form of tax credits equal to a percentage of a production's in-state spending, or cash rebates — and at <a target="_blank" href="https://www.ncsl.org/state-legislatures-news/details/watch-out-hollywood-states-want-a-piece-of-the-moviemaking-action-1">least 18 states have implemented or expanded</a> film tax incentives since 2021. Georgia boosted its incentive program in <a target="_blank" href="https://www.ajc.com/blog/buzz/top-grossing-films-shot-georgia-since-2008/joqaWPplc0L2mKzwmcNMwK/">2008</a>, helping attract big-budget films like Disney's Marvel franchise and the Netflix hit "Stranger Things." Atlanta's share of entertainment employment is still relatively small — just 2%, according to the Otis Report on the Creative Economy, a closely-watched research study — but that has doubled over the past decade and shows no sign of slowing.As productions move out of Los Angeles, it becomes easier for others to follow. Tiffany FitzHenry, an executive producer known for "Sound of Hope: The Story of Possum Trot," has seen the Atlanta area evolve since relocating there from LA in 2009."We have training for not just below the line but people in producing, packaging, financing," she told me, adding that the shift in major studio movies to the city had brought with it the structures needed to sustain a more permanent workforce."The biggest movies have been made here for the past 15 years," she said. "We have all the toys and tools at our fingertips."Other states are getting in on the action. Kentucky passed an incentive program in 2022 offering fully refundable production tax credits worth up to $75 million total or $10 million a project. Its second-largest city, Lexington, recently hired the entertainment marketer Lisa Brin, a Lexington native, to help persuade studios to shoot there. Brin said Lexington had attracted 30 film and TV projects so far this year, representing more than $2 million in local spending. In addition to the financial incentives, the city touts production spaces like Lex Studios, a facility with three sound stages, a growing crew base, and a willingness to pull strings as they did for a recent production that requested a major street to be closed for a shoot.In addition to luring productions, these areas are also trying to make it more appealing for creatives to stick around once the cameras shut off. Georgia and Kentucky are among states that have invested in training programs to foster homegrown talent and initiatives like FilmLex as a resource hub to help productions. For transplants, it's cheaper to live and raise a family outside LA as well as New York, the second-biggest entertainment market. And while jobs and the cost of living might be the primary reasons people move, the proliferation of cultural amenities in many smaller cities makes it easier for them to stay. 26 Keys, a production founded by Noah Hawley, an Austin native who created FX's "Fargo" series, is taking steps to build up Austin's entertainment cultural capital, with plans for a library, events like industry happy hours, and film screenings, working with organizations like the Austin Film Society and South by Southwest. "I just don't think there's a real sort of hub that's trying to connect them," said Maddy Bilder, a project director at 26 Keys. "That's what we're hoping to do here."It's not just other parts of the US that are drawing film crews away from LA; other countries are trying to win over Hollywood as well. Hungary, with a 20-year-old tax rebate and access to culture and an expanding stage system, was recently the setting for Yorgos Lanthimos' "Poor Things." Australia <a target="_blank" href="https://www.ausfilm.com.au/media-releases/ausfilm-celebrates-passage-of-australias-30-location-offset/">nearly doubled</a> its location tax credit to 30% this summer after big-budget titles like the Sony Pictures rom-com "Anyone but You" and the Universal Pictures comedy "The Fall Guy," which starred Ryan Gosling and Emily Blunt, were shot there. Roughly 60% of Netflix's and Amazon's commissions in the first half of this year were on continents other than North America, according to Ampere Analysis."I know of producers, senior production people, moving to places like Australia or working in Hungary," said Tyler Mitchell, the CEO of <a target="_blank" href="https://www.businessinsider.com/inside-ron-howard-brian-grazer-impact-production-crew-staffing-platform-2023-3">Impact</a>, a LinkedIn-like platform for Hollywood. "In the UK, Australia, the governments have supported a lot of education, training, to make sure as they built up production facilities, they had enough crew to service sound stages. So there is more of a talent base globally in places like Ireland, Budapest, South Africa, and the UK. I've heard of more productions in Saudi Arabia looking for crew than I ever have."Actually being on a set is only one part of entertainment production. Development, preproduction, and postproduction are responsible for a huge portion of what ends up on screen. But here, too, the need to physically be in the mecca of moviemaking is waning. Technology is giving rise to a Tinseltown version of remote work.Self-tapes, where actors use ring lights and film themselves at home to connect with casting directors, have become commonplace. Many meetings to pitch projects that shifted to Zoom early in the pandemic have stayed on video. On the postproduction side, file sharing and editing platforms like Pix and ScreenIt Pro enable production companies like 26 Keys to review content locally rather than fly to editing rooms in LA."A lot of pitch meetings are happening over Zoom, four years later," Bilder said.While the power of Los Angeles is dispersing, no single "new Hollywood" is coming to take its place. The end of Peak TV has contracted employment all over — the total number of jobs in the industry, <a target="_blank" href="https://www.businessinsider.com/hollywood-losing-dominance-tv-movies-employment-chart-2024-10">at 447,000</a>, declined 9.1% from 2013 to 2024. Even as markets like Atlanta and Miami grow, their homegrown entertainment encampments have a long way to match the hundred-year history of LA — the most valuable parts of the supply chain, like casting big stars, greenlighting, and packaging, are still concentrated in the city."There's high stakes there. This is an area where trust matters," said Adler, the principal at Westwood, which conducted research for the Otis report. "You built it through face-to-face interaction, repeated exchanges. That's why casting for top roles still happens in LA, even if they end up being shot elsewhere."For those who are just starting out or who work on the creative side, too, Hollywood is still where careers are made and nurtured. FitzHenry wishes there were more directors and producers with packaging and marketing skills in Georgia. "It's a skill set that hasn't been outside of Hollywood," she said. "Currently, the only way to learn is for a producer to adopt and teach you. I was lucky to work with highly skilled producers, which I learned in LA, like an oral tradition. That's a lot of relational capital that needs to be established." Keisha Perry, a longtime entertainment attorney in Atlanta whose clients have included Cedric the Entertainer's production company and the movie "The Waterboyz," said that being a local attorney had made it easier to connect with the growing number of productions taking place in the South but that she still traveled to LA regularly."The reality is, a lot of the decision-makers are in LA," she said. "There are those people who feel as though if you're not in LA, your legitimacy can be questioned."Further evidence of LA's staying power is in the industries like video games, marketing, and the creator economy that are concentrated there because of the city's legacy in entertainment, which has endured through the rise of radio, then TV, then streaming. That may not necessarily lead to more TV shows and films being made there, but it underscores The Town's cultural importance.Gallegos estimates that he still gets half his work from outside New Mexico, helped by representation he has in LA. "The reality is, major roles are not cast here and often not shot here," he said. For all the perks, he misses the excitement of being in LA. "There's stuff happening 24/7. I'm a trained dancer, too. I could always jump into something." Then there's the nagging feeling that virtual auditions don't count. "Sometimes I think I'm sending things out into the void that don't get watched."Despite the similar professional gaps she sees, FitzHenry remains deeply rooted in Atlanta. She's found an affordable, friendly place to raise her kids and a tight-knit professional community that pulls together to help bring projects to the state, things she never experienced in LA."There's a sense people really care about each other," she said. "There used to be that mentality of, you have to be in Hollywood to be in the business. I think that's changing."<a target="_blank" class="" href="https://www.businessinsider.com/author/lucia-moses">Lucia Moses</a> is a senior correspondent covering the intersection of tech and Hollywood for Business Insider's Media team.

Leaving Los Angeles: Why the film industry is ditching Hollywood

Move over, angel hair <keyword id="54935" type="General" weightage="20" keywordseo="pasta" source="Orion">pasta</keyword> — there’s a new contender in town. Researchers have created the <keyword id="24099848" type="General" weightage="100" keywordseo="thinnest-spaghetti" source="keywords">thinnest spaghetti</keyword> ever, measuring just 372 nanometers across. That’s roughly 200 times thinner than a human hair! But this isn’t a culinary breakthrough — it’s a scientific one. This “nanopasta” holds promise for revolutionary applications in medicine and industry. <h2 style="line-height:1.38;margin-top:18pt;margin-bottom:4pt;">A spaghetti revolution in the lab</h2>The spaghetti was made using electrospinning, a technique where an electric charge pulls a flour-based mixture through a needle to form nanofibers.: “To make spaghetti, you push a mixture of water and flour through metal holes,” explained co-author Dr. Adam Clancy. “In our study, we did the same except we pulled our flour mixture through with an electrical charge. It’s literally spaghetti but much smaller.” The strands are so fine they can’t be seen clearly with visible light and had to be measured using a scanning electron microscope. For comparison, the next thinnest known pasta is su filindeu — the “threads of God” from Sardinia — estimated to be about 400 microns wide. That makes this new creation 1,000 times thinner. <h2 style="line-height:1.38;margin-top:18pt;margin-bottom:4pt;">Why make nanospaghetti?</h2>This isn’t pasta for your plate — it’s nanofiber science at its finest. Nanofibers are ultra-thin strands of material with many uses, such as wound healing. Nanofiber mats are highly porous, allowing water and moisture in while keeping bacteria out. They can also help with bone regeneration by acting as scaffolding for tissue growth, or for drug delivery, since their microscopic size allows for precise medical applications. “Nanofibers, such as those made of starch, show potential for use in wound dressings as they are very porous,” remarked co-author Professor Gareth Williams. “In addition, nanofibers are being explored for use as a scaffold to regrow tissue, as they mimic the extracellular matrix — a network of proteins and other molecules that cells build to support themselves.” Making nanofibers traditionally involves extracting and purifying starch, a resource-intensive process. The team found a greener solution by starting with flour, which is rich in starch. Dr. Clancy said: “Starch is a promising material to use as it is abundant and renewable — it is the second largest source of biomass on Earth, behind cellulose — and it is biodegradable, meaning it can be broken down in the body.” Using flour, however, wasn’t without its challenges. Impurities like proteins and cellulose made the mixture more viscous and harder to spin into fibers. To tackle this, the researchers used formic acid instead of water, as it breaks down the starch’s tightly packed helical structures. The acid evaporated during the process, leaving behind ultrathin strands of nanospaghetti. <h2 style="line-height:1.38;margin-top:18pt;margin-bottom:4pt;">Not for your dinner table</h2>While this innovation is exciting, don’t expect it to replace your fettuccine anytime soon. Professor Williams points out that the nanospaghetti isn’t really as useful as pasta, sadly, as it would overcook in less than a second, before you could take it out of the pan. Instead, the team is focusing on the practical uses of nanospaghetti in fields like healthcare. Dr. Clancy added: “We’ve shown that a simpler way to make nanofibers using flour is possible. The next step would be to investigate the properties of this product. We would want to know, for instance, how quickly it disintegrates, how it interacts with cells, and if you could produce it at scale.” For now, this world-record-breaking spaghetti is a testament to the possibilities of nanotechnology. Whether it’s revolutionizing medicine or creating <keyword id="22184424" type="General" weightage="20" keywordseo="eco-friendly-materials" source="keywords">eco-friendly materials</keyword>, this tiny pasta proves that big things can come in very small packages The findings of this study have been published in Nanoscale Advances and can be accessed <a href="https://dx.doi.org/10.1039/D4NA00601A">here</a>.

Scientists have created the world’s thinnest spaghetti 200 times thinner than hair that overcooks in a second! Here’s why

New Delhi [India], July 11 (ANI): <keyword id="21467964" type="General" weightage="20" keywordseo="Indegene" source="keywords" meta.keywordsubtype="org" meta.entityname="Indegene" meta.hostid="266" meta.entityid="Indegene">Indegene</keyword> partnered with <keyword id="19895622" type="General" weightage="20" keywordseo="Microsoft" source="keywords" meta.keywordsubtype="org" meta.entityname="Microsoft" meta.hostid="266" meta.entityid="Microsoft">Microsoft</keyword> on Thursday to leverage <keyword id="19896272" type="General" weightage="100" keywordseo="Generative-AI" source="keywords">generative AI</keyword> for the <keyword id="21988347" type="General" weightage="20" keywordseo="medical-industry" source="keywords">medical industry</keyword>, the company informed the exchange in a filing. The partnership aims to help empower global <keyword id="19992819" type="General" weightage="20" keywordseo="life-sciences" source="keywords">life sciences</keyword> companies to scale up the adoption of enterprise-grade Generative <keyword id="6355999" type="General" weightage="20" keywordseo="AI" source="Orion">AI</keyword> (GenAI) services, driving faster innovation. Indegene provides digitally enabled commercialization services for the life sciences sector, emerging biotech, and medical device firms. "GenAI presents a once-in-a-decade opportunity for life sciences companies to modernize business processes and reimagine the effectiveness and efficiency of their operations throughout the value chain. Using GenAI, we're closely working with many of our clients to solve specific business problems, with nearly 50 real-world use cases already in an advanced pilot stage", said Tarun Mathur, CTO, of Indegene. Both companies have committed to developing resources in highly specialized medical and technology tools to co-innovate generative <keyword id="20411515" type="General" weightage="20" keywordseo="AI-services" source="keywords">AI services</keyword> and workflows across commercial, medical, regulatory, and clinical functions. "With a focus on the right use cases, a responsible and compliant approach to scaling up, and shared learnings, we put generative AI to work for our clients", added Tarun. Under the agreement, one of the key initiatives is the Content Super App, which uses Azure OpenAI Service. This modular content value chain simplifies content creation and tagging for life sciences companies, offering a comprehensive view of the content process. It enhances content creation speed, personalizes content, and introduces new conversation formats. Additionally, it streamlines creative and video transformation, effectively engaging healthcare professionals, patients, and payers. Generative AI capabilities are also revolutionizing the medical content value chain. Indegene's solutions accelerate the authoring of key documents like Clinical Study Reports (CSRs) and Protocols by sourcing content from relevant literature. This ensures compliance across clinical and regulatory domains. "Generative AI is profoundly shaping every industry, including life sciences, by offering unprecedented avenues for <keyword id="21146848" type="General" weightage="20" keywordseo="healthcare-technology" source="keywords">healthcare technology</keyword> advancements. According to a Microsoft-commissioned study conducted by IDCi, a staggering 79 per cent of healthcare organizations have now embraced AI. This demonstrates that the tangible business value of this transformation is indisputable" said Alok Lall, Chief Operating Officer, Microsoft India &amp; South Asia. In terms of data management and analytics for clinical trials, Indegene's solutions, using Microsoft Fabric, enhance data ingestion and refinement processes. It also facilitates effortless reporting and ensures governance. The company added that the agreement results in proficient analytics, compliance adherence, and agility in business operations, providing a competitive advantage in the marketplace.

Indegene ties up with Microsoft to leverage generative AI for the Medical Industry, drive faster innovation

<ul><li><keyword id="19912297" type="General" weightage="20" keywordseo="NVIDIA" source="keywords" meta.keywordsubtype="org" meta.entityname="NVIDIA" meta.hostid="261" meta.entityid="NVIDIA">NVIDIA</keyword> and <keyword id="19896380" type="General" weightage="20" keywordseo="Reliance-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Industries" meta.hostid="261" meta.entityid="Reliance Industries">Reliance Industries</keyword> have partnered to build AI computing infrastructure.</li><li>NVIDIA will also supply the latest Blackwell AI chip for Reliance Industries’ new data centre.</li><li>The partnership was announced at the NVIDIA AI Summit India.</li></ul> <keyword id="16173150" type="General" weightage="20" keywordseo="NVIDIA-CEO-Jensen-Huang" source="Orion">NVIDIA CEO Jensen Huang</keyword> at the NVIDIA AI Summit India announced a partnership with Mukesh Ambani-led Reliance Industries to an artificial intelligence (AI) computing infrastructure and an innovation centre in India. As part of the partnership between the two companies, Reliance Industries will use the latest Nvidia Blackwell AI chip for its new major data centre. The company will use NVIDIA's cutting-edge technology, including the GB200 GPUs. The two companies are aiming to accelerate India's transformation into a global AI powerhouse with the partnership, banking on the nation's talent pool and growing digital infrastructure. "India is already world-class in designing chips, Nvidia's are designed here in Bengaluru, Hyderabad, Pune. A third of Nvidia is Indian, maybe more," Huang said. While praising the country’s rapid digitalisation in recent years and talking about the country’s potential in the AI sector, Huang said, “Very few countries have this amazing natural resource called IT and computer science expertise.” "We are at the doorsteps of the new intelligence age. India will be one of the biggest intelligence markets. It's not just our aspiration, but also the raw gene power which will help drive intelligence,” said Reliance Industries chairman <keyword id="19916798" type="General" weightage="20" keywordseo="Mukesh-Ambani" source="keywords">Mukesh Ambani</keyword>. "India will not just deliver CEOs to world, but also AI services. Like we did with data, in few years from now we can surprise the world with what Indians can achieve in intelligence," Ambani added. Ambani revealed the company’s plans to establish a scalable infrastructure capable of expanding beyond 1 gigawatt, powered by green energy. "We are building this so we can scale, and we think big," he said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/deepak-builders-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/114533208.cms">Deepak Builders IPO allotment – How to check allotment, IPO GMP, listing date and more</a> <a href="https://www.businessinsider.in/tech/news/synology-introduces-new-enterprise-solutions-reports-significant-growth-in-india/articleshow/114504353.cms">Synology introduces new enterprise solutions, reports significant growth in India</a> <a href="https://www.businessinsider.in/tech/apps/news/diwali-gift-zomato-platform-fee-increased-to-rs-10-ahead-of-the-festive-season/articleshow/114493617.cms">Diwali gift from Zomato – Platform fee increased to ₹10 ahead of the festive season</a>

NVIDIA and Reliance Industries to build AI computing infrastructure in India

Digital transformations have made an appreciable impact on society. Whether it's conspicuous guidance or subtle suggestion, technology influences our everyday decisions. Think about it: You landed on this very page because an algorithm willed it — via a social platform, a search result, or some other digital conduit.Digital transformations have made an appreciable impact on society. Whether it's conspicuous guidance or subtle suggestion, technology influences our everyday decisions. Think about it: You landed on this very page because an algorithm willed it — via a social platform, a search result, or some other digital conduit.This extensive development of information technology has disrupted just about every industry you can think of. It's gaining even more momentum with the help of innovations such as artificial intelligence, cloud tech, extended reality, and additive manufacturing. Business Insider's ongoing series "Build IT" takes a deep dive into the technologies that are driving change across sectors, including banking, farming, fashion, music, sports, and more.Read the stories ahead to learn how experts are using tech tools to improve companies of all sizes and create a world where IT and digital innovations have resounding authority. <h2>Credits</h2>Series Editor: Brea Cubit Story Editors: Brea Cubit, Stephanie Hallett, Lily Katzman, Monica Melton, Mark Yarm Story Reporters: Érica Carnevalli, Shayna Conde, Nicholas Fearn, Jake Hall, Leila Jordan, Christine MacIntyre, Ngozi Nwanji, Amanda Paule, Bella Sayegh, Matthew S. Smith, Madeline Stone, Ellen Thomas, Diana Umana, Sabina Wex Illustrator: Glenn Harvey Design and Development: Annie Fu, Alyssa Powell, Taylor Tyson Social Audience Producers and Editors: Julianne Han, Daria Yazmiene Executive Editor, Special Projects: Julia Hood

Build IT explores digital transformations that are developing information technology across industries

<ul class="summary-list"><li>The United Arab Emirates wants to become an AI leader by 2031.</li><li>It's leveraging its oil wealth to attract new talent and fund new research initiatives.</li></ul>The AI revolution is expanding far beyond Silicon Valley.From the <a target="_blank" class="" href="https://www.businessinsider.com/malta-ai-startups-artificial-intelligence-hub-destination-travel-2024-5">shores of Malta</a> to the streets of Paris, hubs for AI innovation are forming worldwide. And the United Arab Emirates is emerging as a key center in the Middle East.Last week, the UAE made headlines by participating in the most lucrative funding round in Silicon Valley history: the $6.6 billion <a target="_blank" href="https://www.businessinsider.com/openai-investors-latest-funding-round-2024-10">deal closed by OpenAI</a>. The investment was made through MGX, a state-backed technology firm focused on artificial intelligence and semiconductors.The move was part of the UAE's bid to become a global AI leader by 2031 through strategic initiatives, public engagement, and research investment. Last year, the country's wealthiest emirate, Abu Dhabi, launched Falcon — its first open-source large language model.Another indication of the UAE's commitment to AI is its appointment of Omar Sultan Al Olama as the country's AI Minister in 2017.The minister acknowledges that the UAE faces tough competition from powerhouses like the United States and China, where private investment in AI technology in 2023 totaled $67.2 billion and $7.8 billion, respectively, according to Stanford's Center for Human-Centered Artificial Intelligence.So he says he is embracing cooperation over competition."I don't think it's going to be a zero-sum game where it's only going to be AI that's developed in the US, or only going to be AI that's developed in China or the UAE," Al Olama said at an event hosted by the Atlantic Council, a DC think tank, in April. "What is going to happen, I think, is that we're going to have centers and nodes of excellence across the world where there are specific use cases or specific domains where a country or player or a company is doing better than everyone else."The UAE's strengths are evident.It is one of the wealthiest countries in the world, mostly due to its vast oil reserves. The UAE is among the world's 10 largest oil producers, with 96% of that coming from its wealthiest emirate, Abu Dhabi, <a target="_blank" href="https://www.trade.gov/country-commercial-guides/united-arab-emirates-oil-and-gas">according to the International Trade Administration</a>.Abu Dhabi's ruling family also controls several of the world's largest <a target="_blank" href="https://www.businessinsider.com/trump-and-biden-us-should-have-a-sovereign-wealth-fund-2024-9">sovereign wealth funds,</a> including the Abu Dhabi Investment Authority and Mubadala Investment Company, a founding partner of MGX.These funds have been used to diversify the country's oil wealth and could now be diverted to funding new AI companies. AI could contribute $96 billion to the UAE economy by 2030, making up about 13.6% of its GDP, according to a <a target="_blank" href="https://www.pwc.com/m1/en/publications/potential-impact-artificial-intelligence-middle-east.html">report</a> by PwC, the accounting firm.But capital is only part of the equation. The bigger question is whether the tiny Gulf nation can attract the requisite talent to keep up with Silicon Valley.Recent developments show promise. Between 2021 and 2023, the number of AI workers in the UAE quadrupled to 120,000, Al Olama said at the Atlantic Council event. In 2019, it rolled out a 'golden visa' program for IT professionals, making entry easier for AI experts. It's also making the most of its existing talent. In May, Dubai launched the <a target="_blank" href="https://www.wam.ae/article/b39jbfx-hamdan-bin-mohammed-launches-%E2%80%98one-million">world's biggest prompt engineering initiative</a>. Its goal is to upskill 1 million workers over the next three years,Abu Dhabi, meanwhile, has — over the last decade — become a nexus for AI research and education.In 2010, New York University launched a branch in Abu Dhabi that has since developed a focus on AI. And, in 2019, Mohamed bin Zayed University of Artificial Intelligence opened as a "graduate research university dedicated to advancing AI as a global force for good." Professors from the university also helped organize the inaugural <a target="_blank" href="https://ioai-official.org/1st-international-olympiad-in-ai-founders-we-have-a-record-number-of-participating-countries/">International Olympiad in Artificial Intelligence</a> in August, which drew students from over 40 countries worldwide."Abu Dhabi may not directly surpass Silicon Valley, however, it has the potential to become a significant AI hub in its own right," Nancy Gleason, an advisor to leadership on AI at NYU Abu Dhabi and a professor of political science, told Business Insider by email. Its "true strengths lie in the leadership's strategic vision, substantial investments in AI research and compute capacity, and government-led initiatives in industry. The UAE has also made strategic educational investments in higher education like the Mohamed bin Zayed University of Artificial Intelligence and NYU Abu Dhabi."Beyond that, she noted, it's "very nice to live here."

Want to get into the AI industry? Head to Abu Dhabi.

Travelling across India is safer and easier for tourists, <keyword id="20130044" type="General" weightage="20" keywordseo="Indian-tourism" source="keywords">Indian tourism</keyword> industry leaders have said, promoting the country, especially <keyword id="19894922" type="General" weightage="20" keywordseo="Uttar-Pradesh" source="keywords">Uttar Pradesh</keyword>, as a premier tourist destination for Singaporeans. Their remarks came as they participated in the <keyword id="23693812" type="General" weightage="20" keywordseo="ITB-Asia" source="keywords">ITB Asia</keyword>, a travel trade show held in Singapore From October 23 to October 25. "We need to educate <keyword id="21866171" type="General" weightage="20" keywordseo="global-travellers" source="keywords">global travellers</keyword> about the attractions in Uttar Pradesh and make UP known more and above the iconic <keyword id="20045918" type="General" weightage="20" keywordseo="Taj-Mahal" source="keywords">Taj Mahal</keyword> in Agra," said Rahul Wadhwa who leads CAL India Tours and Travel. He estimated a growth of 10 per cent across the UP travel agency business. Further, Wadhwa said his Agra-based travel business was seeking collaborations globally to tie up travel arrangements and promote the state as well as India as a tourist destination. There are a growing number of five-star hotels and continuing investments in highways that make travelling across India, including UP, as seamless as the tourists expect, said the <keyword id="20181038" type="General" weightage="20" keywordseo="travel-industry" source="keywords">travel industry</keyword> veteran of 33 years. Technology-wise, the travel industry has also done well, moving away from the telex-based phone-call booked communications to speedier online-offline as well as mobile phone app-led bookings and arrangements for globe trotters. Travelling across India is also safer and easier, added Sushil Kumar Singh, managing director of Jatak Travels, dismissing all notions and misunderstandings about <keyword id="20415307" type="General" weightage="20" keywordseo="safety-and-security" source="keywords">safety and security</keyword> in India. "We have <keyword id="23693813" type="General" weightage="20" keywordseo="tourist-friendly" source="keywords">tourist-friendly</keyword> people and highly rated facilities across the country and in UP," assured the head of the Varanasi-based travel group. The destinations and facilities in India are world-class. "We are no less than any other tourist destination," he stressed. "International tourists are visiting India freely," underscored Singh, who reported 200 per cent growth for his business post-Covid.

Indian tourism industry leaders spotlight Uttar Pradesh as safe and diverse travel destination

<ul class="summary-list"><li>Investors are awaiting TSMC earnings for signs of what's to come for the chip sector. </li><li>AMSL sparked a panic on Tuesday as it slashed sales guidance for 2025. </li></ul>This week's <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/stock-market-today-chip-stocks-asml-nvidia-morgan-stanley-earnings-2024-10">sell-off in chip stocks</a> and lingering questions about the demand for artificial intelligence tech has raised the stakes for Taiwan Semiconductor Manufacturing Company's coming earnings report.The chipmaker will report its full third-quarter earnings in the early hours on Thursday. The results will serve as a key update for investors eagerly watching for signs of an industry slowdown after <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/chipmakers-tumble-asml-guidance-semiconductor-nvidia-chip-growth-2024-10">downbeat guidance from ASML</a> triggered a sell-off in top semiconductor shares on Tuesday. TSMC, which is one of ASML's largest customers and a top supplier to tech firms like Nvidia and Apple, revealed last week that it pulled in revenue of $759.69 billion New Taiwan dollars, or around $23.57 billion, in the third quarter, beating estimates.TSMC edged 1% lower Wednesday afternoon, with shares trading around $187.82. The stock is up 84% year-to-date, thanks partly to the firm's strong financial results so far in 2024.Chip and semiconductor stocks, meanwhile, traded slightly higher, with the SPDR S&amp;P Semiconductor ETF rising nearly 1% by mid-day.Traders are waiting for guidance from TSMC executives on the firm's earnings call regarding demand in the current quarter as well as the coming year. Fears about demand were ignited recently when Nvidia reported results for the second quarter in August. The chip giant's earnings beat estimates but fell short of the loftiest projections, leading to questions about cooling appetite for AI-enabling technology as firms have yet to report meaningful returns on huge capital expenditures in the space. Since then, Nvidia has once again traded close to all-time highs. Recent comments from CEO J<a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-price-jensen-huang-blackwell-gpu-demand-ai-tech-2024-10">ensen Huang point to extremely high demand</a> for the next-generation Blackwell chip, which Huang has said will be sold out for the next 12 months.

All eyes are on TSMC earnings as the chipmaker industry faces slowdown worries

The global semiconductor industry is heading into a strong recovery phase, with revenue anticipated to reach $630 billion in 2024, a 19% rise over the previous year, as noted by the latest <keyword id="21638387" type="General" weightage="20" keywordseo="Gartner-report" source="keywords">Gartner report</keyword>. This growth trend follows a challenging 2023 and appears to be set for continued momentum, with projections estimating an additional increase to $717 billion by 2025. The boost comes as <keyword id="20176122" type="General" weightage="20" keywordseo="AI-technologies" source="keywords">AI technologies</keyword>, data-processing advancements, and a return in electronics manufacturing drive market demand. AI-related chips, in particular, have become essential as applications expand across sectors—from high-performance computing to everyday consumer electronics. As a result, memory components such as <keyword id="23726596" type="General" weightage="20" keywordseo="NAND-flash" source="keywords">NAND flash</keyword> and DRAM are experiencing increased demand, addressing more specialised computing needs and supporting AI-intensive workloads. Gartner highlights that NAND flash, essential in AI systems, is set to see significant gains, with a 12% revenue increase by 2025, driven partly by persistent undersupply and soaring demand in AI applications. The demand surge is similarly benefiting GPUs, which are vital to AI development, particularly in model training and deployment. After experiencing a dip in 2023, the <keyword id="23292216" type="General" weightage="20" keywordseo="GPU-market" source="keywords">GPU market</keyword> is expected to rebound strongly, potentially growing by 27% in 2025 and reaching $51 billion. The specialised memory segment, especially high-bandwidth memory (HBM), has also seen increased investment to support the high-capacity needs of modern AI hardware, with manufacturers scaling production and enhancing memory packaging. DRAM is also seeing a resurgence, driven by the production of high-bandwidth memory and rising adoption of DDR5 technology, which offers faster and more efficient data processing. Analysts note that these advances are contributing to a recovery for DRAM, with revenues projected to rise from $90.1 billion in 2024 to $115.6 billion by 2025, as supply issues ease and technology progresses. This robust growth in semiconductors reflects the sector’s adaptation to AI and data-processing needs, as memory technologies evolve to match these rising demands. While the market for automotive and industrial applications has seen slower growth, the trajectory in consumer electronics and AI-powered solutions keeps the semiconductor industry on track for a dynamic, technology-driven period of expansion. With AI, memory technologies, and GPU enhancements leading the way, the semiconductor market appears well-positioned for sustained growth. (With ANI inputs)

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