Page 39 - Applied Risk News Today

IBMs India network spans five labs, including its Bengaluru HQ and facilities in Pune and Hyderabad. Notably, the recent additions in Kochi and Ahmedabad are fueling advancements in WatsonX, IBMs AI platform.

The Reserve Bank of India is tightening its grip on cobranded credit cards, a recently booming sector. This stricter scrutiny aims to prevent unregulated entities from gaining backdoor access to the credit card industry.

Chip design relies on a limited number of global players for their essential design tools. No chip can be created without their software. The country heads of chip design software companies Siemens EDA, Synopsys and Cadence told ET that training with these tools ensures that students are industry-ready when they graduate.

Tata Digitals BigBasket rebranded its slotted delivery service as "Supersaver" in January, promising sub-two-hour deliveries. Meanwhile, Walmarts Flipkart is offering with free same-day delivery across various categories in 20 cities.

IT hardware sales in the commercial segment in the first half of the year are expected to be flat as compared to year-earlier levels of about 2.9 million units, a figure which was already comparatively weak.

The competition for technical talent in Europes AI industry is heating up as startups like OpenAI, Cohere, and Anthropic vie for the same pool of talent as Google DeepMind. The influx of foreign AI firms and rising salaries have intensified the battle for the regions best minds.

The collapse of SVB was swift and stunning, triggering days of sheer terror in Silicon Valley. Y Combinators Garry Tan warned that the failure could be an “extinction-level event” for tech startups.

Indian Institute of Technology, Madras (IIT Madras) collaborates with Vellon Space to revolutionize biomanufacturing in space. The demonstration of AsteriX Lab in orbit by 2025 will study microgravitys effects on biological systems, driving innovations in drug development processes and creating commercial opportunities in the space technology sector.

Mumbai-based Singularity Growth, which counts CaratLane founder Mithun Sacheti among its backers, put in Rs 55 crore in this round of funding, with Vyoman India bringing in Rs 11 crore and Baring Private Equity contributing Rs 10 crore, filings with the Registrar of Companies (ROC) showed.

Under Velocity, magicpin acts as an aggregator of its 3PL partners such as Shadowfax, Dunzo, Rapido, Porter, OLA, Zypp etc for the supply backend, consolidating all 3PL services under one umbrella for brands and its sellers.