Business Today Sri Lanka Magazine - March 2025

In this issue

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.

Joint Statement between the People's Republic of China and The Democratic Socialist Republic of Sri Lanka

At the invitation of President of the People's Republic of China, Xi Jinping President of the Democratic Socialist Republic of Sri Lanka Anura Kumara Dissanayake, paid a state visit to the People's Republic of China.

8 mins

Leading People's Leasing and Finance into a New Era of Growth and Empowerment

Appointed as the CEO of People's Leasing and Finance (PLC) in August 2024, Sanjeewa Bandaranayake has carved a remarkable path to leadership, becoming the first internal promotion to this prestigious role in the company's history.

10+ mins

The Stargate Project: A USD 500 Billion AI Revolution Led by Industry Titans and the U.S. Government

On January 21, 2025, U.S. President Donald Trump made a high-profile announcement about \"The Stargate Project,\" a groundbreaking USD 500 billion joint venture between OpenAI, Oracle, SoftBank, and the Abu Dhabi-based MGX fund.

4 mins

DeepSeek: Empowering Decision-Makers with Al-Driven Innovation for Economic Growth

In a world increasingly driven by data and technology, artificial intelligence (AI) has become a cornerstone of strategic decision-making for both businesses and governments.

4 mins

Significance of High quality, Health safety, Durable and Environmentally friendly Piping Solutions

Techno, a certified brand with ISO 9001:2015 for safe drinking water and chemical transmission piping solutions, proudly celebrates 25 years of excellence in PPR pipes and fittings.

2 mins

Boom or bubble? Ten largest US tech giants add USD 6.6 trillion to market cap in 2024

Despite a stock market downturn in the final days of December, 2024 has been an exceptionally strong year for U.S. equities.

3 mins

Snoop Dogg: The Doggfather of Rap, Culture, and Hustle

Some call him the Doggfather. Some know him as Uncle Snoop. But no matter what you call him, one thing's for sure: Snoop Dogg is a whole vibe.

4 mins

SLT-MOBITEL Trials 5G-Advanced for the First Time in Sri Lanka

Reiterating its technological leadership in mobile technology, SLT-MOBITEL, the National ICT Solutions Provider, trialled 5G-Advanced (5G-A) for the first time in Sri Lanka, marking a historic moment by showcasing the next-generation technology in Sri Lanka.

2 mins

The Golden Start of a New Era: President Trump at the World Economic Forum

President Donald J. Trump addressed the World Economic PR Forum in Davos.

4 mins

A USD 1.5 Trillion Affair: The Billionaires and Global Powerhouses at Trump's 2025 Inauguration

The 2025 inauguration of President Donald Trump was not just a political event but a gathering of some of the wealthiest and most influential individuals in the world.

3 mins

Read all stories from Business Today Sri Lanka

Business Today Sri Lanka Magazine Description:

The magazine of the corporate world, Business Today features an interesting line-up of interviews with eminent personalities who impact the corporate, commercial and economic sectors. The monthly magazine also includes exclusive articles syndicated from the Harvard Business Review and Financial Times. It has also featured the monthly columns by Richard Branson and Howard Schultz. International interviews featured include Sir Richard Branson, Paul Allen, Howard Schultz, Omar Bin Laden and Sir Jonathan Ive. Articles penned by President Barack Obama and Vice President Joe Biden Jr. have also been featured in the magazine.