Page 169 - Data Science For News Today

Wistron Corp announced the sale of its 100% indirect stake in Wistron InfoComm Manufacturing (India) Private Limited to Tata Electronics Private Limited for around $125 million.

​​Pai has around 28 years of experience in IT, digital strategy, and data and analytics and most recently was part of the advisory board at Vitalize Venture Capital firm.

Meta Platforms, the owner of Facebook and Instagram, reported better-than-expected profits and revenue for Q3 2023. The companys strong performance was attributed to cost-cutting measures and a recovery in digital advertising ahead of the holiday season. Metas operating margins doubled to 40%, and it also reduced expenses for the year.

More and more consumers are using UPI or credit cards for online shopping, with debit card usage having more than halved in the last two years

IBM reported third-quarter revenue that slightly exceeded Wall Street expectations, driven by steady demand for its software solutions and a stronger-than-expected mainframe business. Despite operating in a challenging macroeconomic environment, the company reiterated its annual revenue growth and free-cash-flow targets.

Britain is bringing together representatives of AI companies, political leaders and experts on November 1-2 to discuss what some see as the risks posed by AI, with an aim of building an international consensus on its safe development.

Goodwill, the nonprofit retailer, is expanding its e-commerce presence to generate more revenue and support its mission of providing job opportunities for those in need. The organization, which has faced increasing competition from online platforms specializing in secondhand clothes, launched an online site called GoodwillFinds.

SoftBank took its India portfolio companies on an AI tour in Silicon Valley to meet senior officials from AI companies like OpenAI and Anthropic. The discussions focused on implementing AI tools in enterprises, best practices, and recent technology breakthroughs.

At the beginning of the year, Innov8 had 20 centres across 9 business cities including Delhi, Gurgaon, Noida, Mumbai, Pune, Bangalore, Chennai, Hyderabad and Ahmedabad.

Earlier this week, music-streaming giant Spotify reported a rise of 26% in the number of its monthly active users to 574 million in the third quarter, beating its own guidance and analysts forecast of 565.7 million.