CHANNEL NEWS

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 …

Accenture is set to acquire solution and service provider Navisite, adding 1,500 employees to its workforce, with nearly a third being cloud engineers. The terms of the acquisition deal, announced on Wednesday, were not disclosed. Accenture, a leading IT consulting firm, aims to strengthen its digital transformation efforts, particularly in cloud services, through this acquisition. Over 400 of the Navisite …

The Vibrant Gujarat 2024 event witnessed a groundbreaking development in Generative AI for Bharat as Immerso AI, a prominent Generative AI company, and Yotta, a digital transformation service provider, announced a strategic partnership. The collaboration aims to utilize NVIDIA’s Omniverse platform and custom development to create high-quality movie characters from the Eros Now library. Immerso AI plans to extend its …

The unveiling of ChatGPT in November 2022 marked a turning point, propelling generative AI to the forefront of the technology industry. With rapid growth, generative AI is now hailed as the catalyst for reshaping various sectors. Particularly impactful is its influence on smart devices, the primary conduits for user interactions with AI tools. As the PC takes center stage in …

Yotta Data Services has officially unveiled its cutting-edge data center, Yotta G1, located in GIFT city, Gandhinagar. The inauguration of this state-of-the-art facility marks Yotta’s entry into Gujarat and underscores its commitment to delivering digital services in India’s high-growth markets. Yotta G1 becomes the company’s fifth data center facility in India, complementing its four large operational data centers in Navi …

TechnoBind, a specialized distributor in data and associated domains, has joined forces with its partners to lead an initiative aimed at ensuring enterprises’ compliance with the forthcoming Digital Personal Data Protection Act 2023 (DPDPA). The DPDPA, recently passed by the Union Government of India after a decade of deliberation, is approaching the final draft stage, prompting businesses to prepare for …