HCL Technologies (HCLTech) released its financial results for the first quarter of FY24, which ended on June 30, 2023. Despite a challenging macroeconomic environment worldwide, the Indian technology company has maintained growth momentum with an INR revenue of ₹26,296 crore, marking a 12.1% YoY increase, albeit a 1.2% QoQ decrease. The quarter’s EBIT was ₹4,460 […]
Wipro has unveiled Wipro ai360, a comprehensive, AI-first innovation ecosystem aimed at integrating artificial intelligence (AI) into every platform, tool, and solution utilized internally and provided to clients. Simultaneously, the company announced a commitment of $1 billion over the next three years towards the enhancement of AI capabilities. The new Wipro ai360, boosted by this […]
Hyderabad-based fintech company, Spacenet Enterprises India, and Chennai-based business analytics and generative AI firm, Pathfinder Enterprise Solutions, have signed a memorandum of understanding (MoU) to merge their businesses, marking a significant step forward in the artificial intelligence (AI) and retail sectors. The strategic alliance aims to integrate RETAILGPT, Pathfinder Enterprise Solutions’ proprietary generative AI platform, […]
Indian IT services provider Tata Consultancy Services (TCS) has announced plans to significantly augment its Azure Open AI expertise and roll out a new Generative AI Enterprise Adoption offering on the Microsoft Cloud. The aim is to enable clients to initiate their generative AI journey effectively, thus fuelling their growth and transformation agendas. Kelly Rogan […]
Oracle has unveiled new generative AI capabilities within its Fusion Cloud Human Capital Management (HCM), powered by Oracle Cloud Infrastructure (OCI) generative AI service. These capabilities are integrated into current HR processes to enhance productivity, improve the employee experience, streamline HR operations, and deliver rapid business value. These AI features in Oracle Cloud HCM offer […]
Artificial intelligence (AI) studio Inflection AI announced a hefty $1.3 billion in funding raised in a recent round led by prominent investors including Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. This substantial investment bolsters the total funds raised by the Palo Alto-based company to $1.5 billion. The funds will underpin the […]
Moody’s Corporation and Microsoft are stepping into a strategic alliance aimed at delivering an enhanced suite of data, analytics, research, collaboration and risk solutions to the world of financial services and global knowledge workers. The partnership melds Moody’s strong data and analytical capabilities with the power and scale of Microsoft Azure OpenAI Service, opening up […]
Tech Mahindra has announced a partnership with tech giant Microsoft to harness the power of generative artificial intelligence (AI) to transform enterprise search capabilities, offering a unique multi-modal, multi-channel search experience for businesses. This new offering, named Generative AI-Powered Enterprise Knowledge Search, falls under Tech Mahindra’s TechM amplifAI0->∞ suite of AI solutions. It aims to […]
Global content and technology powerhouse, Thomson Reuters Corporation, today revealed that it has inked a definitive agreement to purchase Casetext, a California-headquartered technology provider for legal professionals. The cash deal, valued at $650 million, will fortify Thomson Reuters’ existing AI roadmap and complement its recent AI initiatives. This acquisition forms a significant part of Thomson […]
Databricks, a frontrunner in data and artificial intelligence (AI), announced a definitive agreement to purchase MosaicML, a generative AI platform, for approximately $1.3 billion, inclusive of retention packages. The acquisition, aims to democratize generative AI, allowing organizations to construct, possess, and secure generative AI models using their unique data sets. MosaicML is reputed for its […]