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IT major Infosys is making a bold commitment to Visakhapatnam with the establishment of a sprawling 20-acre permanent campus. Designed to accommodate 7,000 professionals, this facility not only symbolizes the company's trust in the region's growth but also underscores the influx of skilled talent in
Nvidia's B300 servers have skyrocketed in price to around one million dollars each in China, fueled by an insatiable appetite for AI computing capabilities and increasingly stringent chip import laws. As Chinese tech giants race to secure the latest hardware, the rental market is witnessing unpreced
Mehul Agrawal, cofounder of used car marketplace Cars24, is stepping down from his operational role after over a decade. He will remain on the company's Board. This move follows cofounder Gajendra Jangid's recent exit as CMO, amidst Cars24's growth and preparations for an IPO.
Developer and creator Theo Browne of t3.gg has posted a public letter to Anthropic employees, escalating his criticism of the AI company and its chief executive, Dario Amodei.
Amazon Now's quick commerce orders are experiencing 25% month-on-month growth, with Prime members tripling their shopping frequency. The company plans to expand the service to 100 cities, supported by over 1,000 micro-fulfillment centers, as part of a significant investment in Indian infrastructure.
Despite Australia’s recent legislation prohibiting social media access for those under 16, user habits remain largely unchanged, as indicated by recent government reports. Dominance in app store rankings persists for major platforms, while there is a troubling rise in cyberbullying incidents, partic
French IT firm Capgemini saw its revenue climb seven percent year-on-year in the first quarter. This performance met the company's expectations. Growth was boosted by strong results in North America, partly due to a recent acquisition. The company has confirmed its revenue growth target for the year
Amazon Web Services (AWS) surpassed Wall Street's cloud revenue expectations, driven by increased enterprise spending on AI adoption. Despite strong cloud performance and significant AI partnerships, the company's stock dipped after projecting current-quarter operating income below estimates. Amazon
Alphabet's cloud unit revenue surged 63% to $20 billion, exceeding estimates and driven by strong enterprise spending on AI infrastructure. The company's overall revenue also beat expectations, with its cloud backlog nearly doubling. This performance highlights Alphabet's significant gains in the co
India's IT Ministry proposed stricter rules for AI-generated content, mandating continuous and clear visibility of labels. This move aims to enhance transparency and platform accountability but raises concerns about feasibility, costs for creators, and potential impacts on creative expression and us
Infosys CEO Salil Parekh anticipates AI will reshape India's IT talent pyramid, creating new opportunities and requiring specialized skills. While large-scale structural changes are gradual, the company is adapting hiring and training to integrate AI tools. Parekh emphasizes that AI's true impact li
Net profit was $663 million in the same period a year earlier. However, sequentially, net profit gained by 2.1%. Despite the flat profit growth, revenue for the quarter grew 5.8% YoY to hit $5.4 billion, beating its own forecast for the quarter. On a constant currency basis, revenue for the quarter
Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value declines. This move by domestic institutional investors comes as foreign investors divest Indian equities, with funds showing confidence in listed peers' long-t
Instant domestic help platforms like Urban Company, Snabbit, and Pronto are experiencing worker shortages. This is causing limited availability for users in Delhi-NCR, Mumbai, and Bengaluru. Demand is surging, but a lack of workers is disrupting services. Platforms are working to add more supply to
Tata Electronics has significantly expanded its workforce to 75,000, surpassing Foxconn and becoming Apple's largest contract manufacturer by headcount. This rapid growth, driven by its Hosur facility, highlights India's emergence as a key electronics manufacturing hub and Tata's strategic move towa
Meta Platforms is significantly increasing its investment in artificial intelligence infrastructure. This comes as the social media giant faces growing backlash from young users globally. The company also warns of potential impacts from legal and regulatory issues in the US and European Union.
Artificial intelligence firm Anthropic is exploring a new funding round. This round could value the company at over $900 billion. This valuation would make Anthropic the world's most valuable AI startup. The company is considering offers at more than double its current valuation. A decision on the r
Microsoft anticipates robust sales for its Azure cloud services. The tech giant is planning substantial capital expenditure for 2026. This comes as the race for AI dominance intensifies. Investors are watching closely for growth. Microsoft is also seeing a steady increase in users for its Copilot AI
Samsung Electronics posted a record quarterly profit on Thursday, driven by strong sales of chips crucial for artificial intelligence. South Korea's benchmark Kospi stock index opened at a fresh high of over 6,700 on Thursday following strong earnings figures from Samsung and US technology giants.
SoftBank Group is set to make waves in the U.S. technology landscape with its groundbreaking AI and robotics initiative, Roze. With an eye on reaching a staggering $100 billion valuation, the company plans to potentially go public this year. This ambitious strategy, helmed by CEO Masayoshi Son, aims