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AI models: Leaders and laggards of the AI race: As India makes significant progress, other nations like Germany and Spain are still falling behind

โ€‹The findings were part of NetApps quantitative research study of 1,300+ tech and data executives at businesses across 10 markets, done in partnership with Savanta. The report touted India as leading the charge when it comes to AI projects, closely followed by Singapore. Other countries like Germany and Spain were bracketed as being laggards in the AI race.
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job cuts: Top IT companies cut over 72,000 jobs in FY24

The top six information technology services companies in India reported a reduction in their total headcount in the last fiscal year, with only HCLTech adding employees. Factors contributing to this reduction include the economic slowdown, automation, restructuring, and decreased discretionary spending. The drop in headcount reflects the aftermath of excessive hiring during the Covid boom and ongoing industry contraction in demand. However, experts believe that this trend may have bottomed out, ...
Uttar Pradesh Kumar Rakesh Teamlease Digita Krishna Vij Offering College Certificate Programme In Data Science Machine

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electric air taxi: Indian startup The ePlane to develop electric air taxi prototype by March 2025

The ePlane Company, from IIT Madras, aims to develop a flying electric taxi prototype by March, along with drones commercialization and eVTOL aircraft to alleviate urban congestion. InterGlobe Enterprises and Archer Aviation plan an all-electric air taxi service in India.
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IT sector: A gruelling IT marathon: FY24 was a turbulent year for the Indian IT sector. What lies in store for the next 12 months?

In the past two weeks of the final quarter and full fiscal 2024 earnings announcements, most IT majors failed to meet their revenue growth guidance. Many downward revisions for the year ahead were seen despite most firms bagging large deals and sitting on an arsenal of historic total contract value (TCV) wins.
United States Uttar Pradesh Salil Parekh Ramkumar Ramamoorthy Mohit Joshi Peter Bendor Samuel

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