Page 42 - Tech Prowess News Today

AI firm Blaize secures $106M funding from multiple investors. No valuation disclosed. Interest in AI sector grows post OpenAIs ChatGPT launch. Blaize plans SPAC deal with BurTech Acquisition.

We have a good mix of programs and rely on broad base growth, says HCLTech CEO Vijayakumar. The firm saw strong growth in its financial services vertical in a difficult environment, said Vijayakumar.

Siemens executives affirm Indias potential as a manufacturing powerhouse, with a focus on infrastructure development. Leveraging Indias talent pool, Siemens aims to drive growth through AI innovation and strategic partnerships in semiconductor manufacturing.

Microsofts push into artificial intelligence with its partner, OpenAI, the maker of ChatGPT, has rattled Google. The two companies are now fighting to control what many experts see as the next dominant computing platform, a battlefield as important as the web browser and the smartphone before it. Hassabis is driving the creation of Googles AI technology, while Suleyman works to put Microsofts AI in the hands of everyday people.

Companies from Amazon to Meta are revamping their data centers to support AI. They are investing in huge new facilities, while even places like Saudi Arabia are racing to build supercomputers to handle AI. Nearly everyone with a foot in tech or giant piles of money, it seems, is jumping into a spending frenzy that some believe could last for years.

Fintech Briskpe will use the capital to strengthen its product and service offerings, build up its team, and scale its reach to enable more Indian businesses to set off on their global journey with seamless cross-border payments.

Axel Springer partners with Microsoft Azure for AI migration, expanding with AI chat experience. Monetizes through Microsoft Advertising. Brands like Politico, Business Insider, Bild, Welt involved. Features AI assistant "Hey_".

Birlasofts Q4 saw a net profit of Rs 180 crore, 11.8% QoQ growth. Revenue stood at Rs 1,363 crore, up 1.5%. Operating margin ended at 14.7%. The firm recommended a dividend of Rs 4/share.

​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.

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, ...