Page 47 - Data Science For News Today

Cisco Systems expects India to become one of its top revenue-generating markets in the next five years. The company is well-positioned to meet the countrys growing tech needs, with a focus on cybersecurity, 5G connectivity, data centers, and the digitalization of core sectors. Improving productivity and efficiency through real-time insights is a priority for Cisco in India.

Climate-tech startup Varaha raises $8.7 million in funding led by RTP Global, with participation from Omnivore, Orios Venture Partners, and Norinchukin Bank. Varaha focuses on reducing carbon emissions in Indias agricultural sector and aims to expand globally, helping farmers through regenerative agriculture practices.

Twitter said that in compliance with the orders, it will withhold the accounts and posts in India only on governments orders, but expressed its disagreement with the move, saying that freedom of expression should be extended to these posts.

The already-hefty demand for the companys data center chips and graphics processing units (GPUs) continues to grow as firms scramble to expand their AI offerings. Nvidias silicon dominates the global market for AI chips, where it counts the likes of Microsoft among its customers.

The company said in a blog post that it was releasing two AI language models that could help outside companies and independent software developers build online chatbots similar to Googles own chatbot. Called Gemma 2B and Gemma 7B, they are not Googles most powerful AI technologies, but the company argued that they rivaled many of the industrys leading systems.

Nvidias market value surpasses $2 trillion as AI chip demand skyrockets. It leads S&P 500, plays a vital role in the tech revolution. Shares surge, adding over $230 billion to market cap. China imposes chip sales restrictions. Analysts earnings estimates increase.

Consulting and IT services firm Xoriant, backed by ChrysCapital, acquires MapleLabs Inc to enhance platform engineering, product ideation, and cloud native application capabilities.

The U.S. Energy Department has given preliminary approval for $710 million loans to EV technology manufacturing ventures. SK Siltron and American Battery Solutions are among the recipients. The agency has also finalized a $2.5 billion loan for battery plant construction by a venture between General Motors and LG Energy Solution. Ford and SK On are awaiting approval for a $9.

The government on Wednesday eased FDI norms and permitted 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment.

However, the outcome of the vote at the extraordinary general meeting (EGM) will not be applicable until March 13, when the Karnataka High Court will next hear Raveendrans plea challenging the move by certain investors.