Last Week's Latest

Longtime industry leader in the enterprise data centre space Starline Computer GmbH now offers SupremeRAIDTM GPU accelerated RAID as part of their enterprise NVMe products.
Udemy, a popular website for learning and teaching online, has joined the AWS Partner Network (APN), a global network of partners that makes use of AWS programmes, knowledge, and resources to create, promote, and sell client services.
Baidu Inc., the dominant Chinese search engine company, unveiled its first quantum computer, known as Qianshi, and is prepared to make it accessible to outside users, joining the worldwide race to put the technology to use in real-world applications.
Tech giant Sage has finalised the acquisition of Lockstep, a provider of cloud-native technology which automates accounting procedures.
Market Research Future predicts that between 2023 and 2030, Web3.0 would expand at a CAGR of 44.6%.
Micro Focus, a British software business, will be acquired by OpenText for $6 billion in cash and assumed debt.
Spacetech firm Skyroot Aerospace Pvt Ltd has secured $50.5 million in a Series B investment led by Waverly Pte Ltd (GIC)
In an all-cash agreement, US-based WildWorks was purchased by gaming and sports media company Nazara Technologies for USD 10.4 million (about Rs 82 crore).
Over 2.39 million Indian accounts on WhatsApp were banned in July, the most so far in 2022.
According to IESA and Counterpoint Research, the Indian semiconductor component business would be worth $300 billion by 2026.

Focused story of the Week #1: Web 3.0 – A Blockchain Enabled Future

While Web 2.0 and Web 3.0 are consistent technologies with a common background, Web 3.0 proposes a more efficient architecture required for machine-human interaction. Web 3.0 is predicted to emerge as the most intelligent and user-friendly enabler thanks to its emphasis on security, data ownership, and fewer intermediaries.

Web3.0 is the next stage in the growth of the internet. The market for Web3.0 blockchain technology is valued at 6+ trillion dollars in 2023 growing at a CAGR of 44.6% between 2023-2030 according to a report by Market Analysis Future.

The infrastructure of Web3.0 will require a number of key technologies, such as Artificial Intelligence and Blockchain. The blockchain's decentralization, immutability and transparency are critical for Web3.0 users.

The financial sector, in particular – banking, will be one of the most significant drivers of growth and usage of Web3.0 technology. In return, Web3.0 is now entering a new phase to revolutionize traditional banking practices.

In addition to the financial sector, Web3.0 will result in increasingly personalized human-like interactions with machines, leveraging tech like Artificial Intelligence, Machine Learning and NLP. I, like many, believe that Web3.0 will disrupt FMCG, media and electronics industries like never before.

“Web3.0 powered by blockchain presents a well-enabled future that will bring consumers and their needs closer together in a sophisticated & fast-paced tech world”

Focused Story of the Week #2: Semiconductors, a potential $300 Billion Market by 2026

According to a report by the India Electronics & Semiconductor Association (IESA) and Counterpoint Research, India's semiconductor component market will see its total revenues increase to $300 billion by 2026. India is poised to be the second largest market in the world from the perspective of scale and growing demand for semiconductor components.

Semiconductor chips are used in everything: smart TVs, microwaves, air conditioners, cellphones, laptops, etc. The demand is being driven by rapid adoption of new technologies by the nation's consumers, businesses, and public sector.

While India aspires to be the global hub for the semiconductor market, obstacles like the need for a significant initial investment, availability of raw material and a shortage of fabrication capacity impede the industry's expansion in India.

The government has taken multiple initiatives to address some of these concerns. The government recently received 23 applications for the production-linked incentive (PLI) scheme for semiconductors, worth Rs 76,000 crore. The scheme was unveiled in December 2021 as a chip scarcity, which has since alleviated somewhat, hampered businesses of all types, from toy manufacturers to automobile manufacturers. However, there is still a long way to go.

To become a Semicon hub, India needs to quickly address the supply chain challenges and financing issues that frequently plague nascent Indian industries. To guarantee a degree of global collaboration, government policies should concentrate on ensuring and securing access to foreign technology providers through trade and foreign policy.

“Raw material availability, supply chain and financing - the only 3 barriers that stand between India and a $300 Bn opportunity”

TWTW Weekly Wrap Up: 28 Aug - 03 Sep