Business Today Sri Lanka - March 2025

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It was a day like no other at xAI. A team of brilliant engineers, researchers, and visionaries gathered in a sleek, high-tech auditorium, ready to unveil their latest creation—Grok-3. T

In an era of rapid technological change, AI has become the most powerful tool for businesses looking to outpace competition, streamline costs, and drive innovation. It is no longer a futuristic concept—it is a business necessity. Grok-3, a next-generation AI model, is at the forefront of this revolution, offering organizations a strategic advantage in automation, decision-making, and market expansion.

Under President Donald Trump’s administration, USAID came under heavy scrutiny for allegedly interfering in Sri Lanka’s political landscape. Trump publicly criticized the agency, claiming it was “funding chaos” and undermining the sovereignty of nations under the guise of humanitarian aid.

At the Dubai World Government Summit, Elon Musk participated in a thought-provoking discussion with Omar Sultan Al Olama, UAE’s Minister of State for Digital Economy, Artificial Intelligence, and Remote Work. The session, titled “Boring Cities, AI, and Doge”, covered Musk’s insights on government efficiency, artificial intelligence (AI), and the future of transport, including an exciting new partnership with Dubai for a loop-based transport system.

The France AI Action Summit 2025, held at the Grand Palais in Paris, marked a significant moment in the evolving global discourse on artificial intelligence (AI). Co-hosted by French President Emmanuel Macron and Indian Prime Minister Narendra Modi, the summit brought together over 1,500 participants from more than 100 countries, including heads of state, leading tech CEOs, AI experts, and policymakers.

The Industrial Development Board (IDB) is an organization for the promotion and development of the industrial sector. It operates under the Ministry of Industry and Entrepreneurship Development.