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Anthropic receives additional $4 billion investment from Amazon
This will bring the total investment by Amazon on Anthropic up to $8 billion while still remaining a minority investor. This goes on to show Amazon's growing genAI investment.
LTIMindtree extends deal with Europe's Nexi Group by over 2 years
The company said that its aim is to optimise Nexi's main platforms by enhancing performance, innovation and scalability. This extension is ensuing after L&T Group's present 22-year-old partnership with the Nexi Group.
RBI plans 2025 launch of cloud services, countering dominance of global firms
The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank.
Thomas E. Kurtz, creator of BASIC computer language, dies at 96
Thomas E. Kurtz, co-pioneer of the BASIC programming language, dies at 96. In the 1960s, he and John Kemeny developed BASIC and the Dartmouth Time-Sharing System, transforming computer access and education. BASIC simplified programming and guided later software development, Bill Gates being one of its notable beneficiaries.
US FTC plans to investigate Microsoft's cloud business
The agency is examining allegations that the software giant is potentially abusing its market power in productivity software by imposing punitive licensing terms to prevent customers from moving their data from its Azure cloud service to other competitive platforms, the sources said.
Small companies play a big role in facilitating GPU access in India
Small companies in India are advancing GPU accessibility, vital for AI and cloud computing. Mumbai-based Neysa Velocis scales AI projects with a large GPU inventory, serving finance, pharma, and more. Newcomer NeevCloud plans a 40,000-GPU rollout to make AI resources more affordable. Jarvis Labs, with 1,000 GPUs via partners, offers server-less and AI-as-a-Service models to simplify AI integration. These companies face high setup costs but leverage local support, cost-efficient solutions, and partnerships to compete in India's growing AI market.
CloudFirst Technology? Private Limited Announces the Launch of CloudFirst AI Factory!
CloudFirst Technology? has launched its AI Factory, a dedicated space for developing and expanding its artificial intelligence services. The company aims to leverage AI technology to create practical solutions that address real-world challenges and drive positive change across industries.
US MNCs leaned on H-1B visas more in the past eight years
The anti-immigration stance of new US President Donald Trump may not only have a bearing on new H-1B worker visa, but also renewals of existing holders, employability of their spouses H4s, temporary intra-country company transfers L1 and extraordinary talent categories such as researchers EB1.
Datadog raises annual forecast betting on AI-driven cybersecurity demand
Datadog raised its full-year revenue to be about $2.66 billion, compared to its earlier expectation of between $2.62 billion and $2.63 billion. Analysts were expecting revenue of $2.63 billion.
Amazon mulls new multi-billion dollar investment in Anthropic: report
Amazon has asked Anthropic, which uses Amazon's cloud services to train its AI model, to use a large number of servers powered by chips developed by the cloud computing major, the report said.
Google Cloud partners with DeliverHealth to enhance healthcare documentation with AI
The collaboration is aimed at offering a solution that is accurate, fast and medically specific by combining Google Cloud¡¯s Gemini 1.5 Pro multimodal artificial intelligence (AI) models with DeliverHealth¡¯s repository of 150,000 audio hours of human-curated medical notes every month.
Amazon to invest $1.3 billion in Italy data centre business
The company said that such an investment would help about 5,500 jobs up until 2029. In 2020, AWS launched its first cloud region in Italy with the aim investing of 2 billion euros by 2029.
TCS inks multi-year deal to make Air France-KLM leading data-driven airline
This move of exiting data centres and harnessing the strength of the cloud by Air France-KLM, will support a sustainable and adaptive aviation industry. This modernisation of the airline group's data by its 30-year partner TCS will have benefits such as enhancing operations, improving functionality and gaining efficiency.
¡®India tech talent powering SAP¡¯s foundational AI model for business¡¯
??In an exclusive interview with ET, the 43-year-old CEO said that SAP is building sovereign AI capabilities in India given its huge exposure to government and critical sectors in the country. He also pointed to the huge AI talent pool here and said several products including SAP¡¯s proprietary large language model are being built in India.
SaaS major Salesforce India hits $1 billion milestone, expands AI-driven growth
There are over 2 million Salesforce developers in India, making it the second-largest community on the Salesforce platform outside of the US. It has about 13,000 employees in India, having added 3,000 over the past year.
Data centers make compelling case for investment: report
Data centers make for a compelling investment case, asserted France-based investment banking company Natixis, backing its argument stating a strong demand for cloud services, high-performance computing (HPC) and AI, combined with high revenue and better cash flow prospects are expected.
Amazon belt-tightening produces strong cloud, ecommerce results
Total third-quarter revenue increased 11% to $158.9 billion, the company said Thursday in a statement, exceeding estimates. Operating profit was $17.4 billion, demolishing the average estimate of $14.7 billion. ¡°Amazon beat expectations in Q3 on the strength of the three pillars of its business ecommerce, advertising and cloud services,¡± said Sky Canaves, an analyst at Emarketer.
Alphabet reports strong Q3 2024 earnings, driven by YouTube's $50-billion revenue milestone
¡°We're also focusing on enhancing the living room experience with features like multiview and a new option for creators to organize their content into episodes and seasons, much like traditional TV,¡± the company said in a blog post.
Alphabet's Q3 revenue growth likely to slow as competition pressures Search, YouTube
The slowdown in its core business is expected to overshadow AI-driven gains at its cloud-computing business in the third quarter. This quarter was also the company's first since Anat Ashkenazi took over as finance chief from Ruth Porat.
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