CHANNEL NEWS

OurCrowd, an Israeli venture capital fund, announced on Tuesday that its newly established artificial intelligence (AI) fund is partnering with Nvidia to expedite the entry of some of its AI startups into the Nvidia Inception program. The Inception program assists startups in advancing more rapidly by leveraging cutting-edge technology, engaging with venture capitalists, and gaining access to Nvidia’s latest technical …

 LTIMindtree , a global technology consulting and digital solutions company, has appointed Vipul Chandra as its Chief Financial Officer (“CFO”) effective April 25, 2024. Vinit Teredesai, who served as CFO since June 2020, will continue in the role until April 24, 2024, before pursuing other professional interests. The Board of Directors expresses gratitude for Vinit’s contributions to the company, particularly …

Transform Your Business with AWS Generative AI Competency Partners Authored by Chris Dally, Chris Butler, Victor Rojo, and Justin Freeman. In today’s swiftly evolving technological landscape, generative artificial intelligence (AI) stands at the forefront of innovation, reshaping organizational operations. As per a McKinsey report, generative AI is projected to contribute to over 75% of the total annual AI value, with …

IBM is revolutionizing content creation and digital marketing through the use of Adobe Firefly generative AI. Last year, IBM caught the attention of hundreds of thousands with a captivating image as part of its “Let’s Create” campaign, highlighting its collaborative approach to developing technology solutions. Traditionally, creating such assets would have been a time-consuming process, but with Adobe Firefly, IBM’s …

SAP has named Manish Prasad as the President and Managing Director for the SAP Indian Subcontinent, effective. This announcement comes as the company aims to bolster its presence in the rapidly growing Indian market. Prasad will succeed Kulmeet Bawa, who will now assume a global role focusing on driving the growth and adoption of the SAP Business Technology Platform (SAP …

Pure Storage has unveiled new self-service capabilities across its Pure1 storage management platform and Evergreen portfolio. These enhancements aim to provide customers with greater control over their data storage environment through a unified management layer, simplifying end-to-end operations. Industry Impact: Since its establishment in 2009, Pure Storage has been at the forefront of revolutionizing enterprise data storage. Initially focusing on …

NetApp has unveiled new cyber-resiliency features to help customers safeguard their data against ransomware threats. By integrating artificial intelligence (AI) and machine learning (ML) directly into enterprise storage, NetApp aims to provide real-time protection against cyber disasters. These capabilities extend to both primary and secondary data, whether stored on-premises or in the cloud. Ransomware attacks are increasingly targeting critical infrastructure …

Gartner, Inc. predicts that by 2027, fewer than a quarter of government bodies will offer AI-powered services directly to citizens. The reluctance stems from concerns over potential public backlash and skepticism toward government utilization of this technology. In the wake of the pandemic, governments, like many other sectors, have been exploring the potential benefits and drawbacks of AI. Gartner’s survey …

Cloudera Reveals Next Phase of Open Data Lakehouse Strategy Centered on Leveraging Customer Data to Enable Enterprise AI Cloudera is now the exclusive provider offering an open data lakehouse featuring Apache Iceberg for both public and private cloud environments. Bengaluru, India, March 6, 2024 — Cloudera, renowned for its role as a trusted enterprise AI data company, has announced advancements …

Chinese tech giant Baidu Inc witnessed a significant 48% drop in profits, surpassing initial estimates and highlighting the substantial investment required for AI development. This downturn, as reported by Bloomberg, underscores the escalating costs associated with training and advancing artificial intelligence systems to stay competitive in the rapidly evolving AI landscape. In the final quarter of 2023, Baidu reported a …