Financial service provider BharatPe, on Tuesday, launched BharatPe One, an all-in-one payment product that integrates point of sale (POS), quick response (QR), and speaker into one device. The fintech company said this product is designed to help retailers simplify transactions by providing payment acceptance options including active and stagnant QR codes, tap-and-pay, and standard card payment alternatives across a […]
Tech giant Microsoft, on Tuesday, launched a novel smaller AI model called Ph-3-mini aimed at enhancing efficiency and accessibility in artificial intelligence applications. The firm said Phi-3 models represent the pinnacle of small language models (SLMs), offering unparalleled capability and cost-effectiveness. They outperform comparable models in a range of language, reasoning, coding, and math benchmarks, Microsoft […]
Financial solutions company Razorpay, on Tuesday, launched Unified Payments Interface (UPI) Switch, in partnership with Airtel Payments Bank to handle up to 10,000 transactions per second (TPS) at any given time. The company said the solution is a UPI infrastructure and next-generation cloud-based innovation that is aimed to increase success rates by 4-5%, while also providing businesses with five times faster access […]
Global tech giant Microsoft signed a five-year partnership with Coca-Cola, to enhance the beverage company’s technology strategy with the adoption of its generative AI and cloud infrastructure. Various enterprises across the globe have been pacing up to introduce generative AI and the latest cloud technology in their workstations to ease the flow of tasks carried out and address the challenges in […]
Elon Musk-owned Tesla, on Wednesday, said the electronic vehicle manufacturer will lay off over 10% of its workforce in the first quarterly earnings call, with an aim to increase profitability and ultimately increase the scale of investment in artificial intelligence (AI). The company looks to lay off 6,020 employees in Texas and California with 3,332 jobs to be […]
Software developer Simpro, on Monday, appointed Ashley Mehlman, as its Chief Financial Officer to deliver innovative solutions that empower its customers’ success in the security, electrical, HVAC and other field service industries. Simpro said the newly appointed Financial Chief will be responsible for all financial aspects of its global operations, including strategic planning and analysis, […]
Digital transformation service provider Cognizant and Microsoft expanded its partnership, on Monday, to make Microsoft’s generative artificial intelligence (GenAI) and Copilots available to its users. The firm said with this collaboration it looks to transform enterprise business operations, improve employee experiences, and accelerate cross-industry innovation. As part of the partnership, Cognizant said it purchased certain […]
Saudi Telecommunication Company (STC), on Tuesday, appointed Khalid bin Baijan Al-Osaimi as its Chief Executive Officer, succeeding Nezar bin Hussain Banabeela, effective on 28th April. The newly named Executive Chief, Al Osaimi was with Mobily, a mobile and data service provider, for about two years as a Vice President of Wholesale Marketing. Prior to this, he was with Stc […]
Pine Labs’ subsidiary Setu, on Monday, appointed Anand Raisinghani, former Vice president of SAP India, as its Chief Executive Officer succeeding Sahil Kini, Co-Founder of Setu, effective immediately. The newly appointed Executive chief, most recently served as Vice President and Head for professional services BFSI at SAP India for over 6 years. Prior to this, […]
Fintech company Airtel Payments Bank, on Monday, launched National Common Mobility Cards (NCMC), eco-friendly debit and prepaid cards, in collaboration with National Payments Corporation of India (NPCI) powered by RuPay. NCMC offers a unified payment system for accessing various types of commuting services including metro, rail, parkingand bus.The bank said it offers these interoperable cards […]
Tech-based firm Yango, on Monday, launched Yango Drive, a new digital car rental platform in Dubai which aims a convenient and eco-conscious car rental experience for riders as well as it aims to reshape the car rental industry. The firm said the application is a comprehensive car rental marketplace where selected car rental companies from […]
Infosys, digital services and consulting company, on Thursday, acquired In-tech, automotive solution provider, by signing a definitive agreement to expand its footprints in Europe as well as bring innovation to the automotive industry. The Indian-based firm said this acquisition will enhance engineering research and development (R&D) capabilities. Additionally, the firm-added In-tech will bring marquee German […]
Software development, Salesforce, along with its peer Informatica, on Sunday, backed off their potential agreement of acquisition due to mutual differences in terms and conditions, based on the report of Wall Street Journal. The firm has not released any official statement specifying the reason behind the breakdown of negotiations. Based on the report of Reuters, […]
The tech giant Microsoft launched an AI application, VASA-1, which is capable of generating lifelike talking faces of virtual characters using just still images or pictures. The firm said the newly introduced VASA-1 aims to create moving pictures with lip movements which synchronize with the audio and also capture facial nuances as well as head […]
Global technology solution and services leader ITC Infotech signed a definitive agreement to acquire 100% shareholding of Blazeclan Technologies (Blazeclan) on Thursday, to assist clients in steering their digital transformation path. The company said the acquisition reinforces ITC Infotech’s commitment to delivering business solutions based on strong cloud capabilities. This acquisition will strengthen ITC Infotech’s […]
