Page 17 - Data Science For News Today

Symbolica has created a framework that will enable it to develop alternatives to the "transformer" deep learning architecture, said Symbolica CEO George Morgan.

BharatPe restructured senior management, appointing Sandeep Indurkar as CEO of payment vertical for Resilient Payments Pvt Ltd. Rijish Raghavan now handles device business, and Kohinoor Biswas leads Zillion, achieving operational profit in October 2023.

Freo joins the likes of Navi, Fibe and Kreditbee in profitability, reports positive cash flow over the last four months. They target various consumer segments with innovative financial services, ensuring sustainable business growth and asset quality.

Alibaba Cloud reduces prices up to 59% for offshore data center products to attract AI developers. Services like computing, storage, and network see a 23% average reduction, aligning with previous efforts to lure developers.

Wipro and LTIMindtree navigate leadership changes. Nachiket Deshpande and Sudhir Chaturvedi are key contenders for LTIMindtrees CEO role. The succession aims at sustaining growth and stability, with an eye on expanding LTIMindtrees market presence.

Startups witness a shift in investment trends. Domestic investors, family offices, and public market investors like ValueQuest and Singularity Ventures actively back ventures. Investment landscape changes as global funds retreat, and founders turn to investment banks for funding.

The government in March had announced its intention to set up an investment fund to promote projects in the AI sector, backed by CDP, as part of its broader push, as chair of the G7, to focus on the impact of AI on jobs and inequality.

The change of guard at Wipro is coming at a time when the IT majors operating margins are the lowest among its peers. And the change comes at a time when clients are in no mood to ramp up big budget transformation deals.

Alexandre de Moraes accused the owner of X of "criminal instrumentalisation" of the platform. The judge said "the social network X must refrain from disobeying judicial orders, including by reactivating an account that the Supreme Court ordered blocked."

Beginning Saturday evening, Musk took to X, the platform formerly known as Twitter which he purchased in 2022, to launch a series of attacks against the justice. As a result of Moraes threatening to "cut off access" to the platform, "we will probably lose all revenue in Brazil and have to shut down our office there," Musk posted.