CHANNEL NEWS

Seagate has reached a significant milestone with its 30TB+ hard drives, marking a pivotal moment in the storage industry. The Mozaic 3+ platform, powered by Heat-Assisted Magnetic Recording (HAMR) technology, achieves unprecedented areal densities of 3TB+ per platter, with plans for 4TB+ and 5TB+ in the future. Seagate’s Exos® product family, utilizing the Mozaic 3+ platform, now offers industry-leading capacities …

Vedanta Aluminium has renewed its commitment to empowering the youth of India through various avenues for progress. On National Youth Day, the company reiterated its dedication to supporting the advancement of young individuals in diverse fields. Vedanta Aluminium, as India’s largest aluminium producer, is implementing a two-pronged approach to create extensive employment opportunities and empower youth from local communities through …

TCS, the country’s largest IT services exporter, plans to provide training on Generative Artificial Intelligence (Gen AI) to its entire workforce of over 500,000 software engineers, according to a senior official. Gen AI is currently in its early stages as a business opportunity, with smaller use cases, as indicated by Siva Ganesan, the head of TCS’s ‘AI.Cloud’ unit. The company …

Pan-India financial services platform DMI Group has acquired the troubled ‘buy now pay later’ (BNPL) startup ZestMoney in a distressed sale deal. The acquisition follows the shutdown of Bengaluru-based ZestMoney over a month ago, marked by unsuccessful attempts to revive its business under new management amidst regulatory uncertainty. DMI Group, backed by over $1.5 billion in equity investment from global …

Veeam Software has introduced updates to its ProPartner Network program, aiming to support global partners in leveraging the growing adoption of Veeam technology. The goal is to help companies enhance their resilience against increasing cyber threats and disruptions. The program enhancements prioritize partner profitability, ensuring secure business engagement with Veeam. The expanded network, consisting of 35,000 technology partners across 150 …

Google, the prominent tech company, is preparing for additional job cuts after recently laying off numerous employees in various sectors at the beginning of 2024. According to a memo from CEO Sundar Pichai to Google staff, more positions will be affected in an effort to support the company’s ambitious goals and prioritize key areas. Pichai explained that these layoffs are …

Gartner Predicts a 6.8% Global Increase in IT Expenditure for 2024 According to Gartner, Inc.’s latest forecast, worldwide IT spending is anticipated to reach $5 trillion in 2024, reflecting a 6.8% surge from 2023. This projection, while slightly lower than the 8% growth forecasted in the previous quarter, dismisses the notion that generative AI (GenAI) would significantly impact short-term IT …

IBM has launched a $500 million enterprise AI venture fund aimed at investing in various AI companies, spanning early-stage to hyper-growth startups. The focus of the fund is on advancing generative AI technology and research for the enterprise. Utilizing a unique model and strategy, the IBM Enterprise AI Venture Fund plans to invest in AI leaders contributing to global business …

TiE Bangalore and the Algorand Foundation have joined forces for a collaborative effort to decentralize the web and propel advancements in the Semantic Web of Things. This strategic partnership harnesses the collective strengths of both entities to extend the influence of blockchain initiatives in India. The collaboration is geared towards fostering knowledge exchange and networking opportunities among startups, investors, and …

NAMTECH, the educational initiative by ArcelorMittal Nippon Steel India (AM/NS India), has recently joined forces with Cisco, a global technology provider, through the signing of a Memorandum of Understanding (MoU). Their collaborative effort is centered around the creation of academic programs dedicated to cybersecurity, networking, and experiential learning in artificial intelligence (AI). The primary objective is to design comprehensive training …