Global tech giant Microsoft, on Wednesday, said it will invest $2.9 billion in Japan, making it the single largest investment in its 46-year existence in the region. The investment will be initiated over the next two years to increase its hyper-scale cloud computing and AI infrastructure in Japan. The firm said it aims to expand […]
As the anticipation builds for the 13th edition of the Big CIO Show & Awards, an event organized by Trescon, the registration of over 600+ C-level executives underscores the pivotal role of cutting-edge technologies in driving India’s digital transformation and revolutionizing key economic sectors. Taking place at the Sheraton Grand Hotel in Whitefield, Bengaluru, this […]
VAP Group is pleased to announce the inaugural edition of the Global AI Show and the Global Blockchain Show scheduled to take place on April 16 and 17, 2024 at Grand Hyatt, Dubai. The Global AI Show is a power stage hosting international and regional thought leaders in the artificial intelligence and machine learning space, […]
Motor vehicle manufacturing giants Hyundai Motors and Kia, on Monday, collaborated with Exide Energy Solutions, battery manufacturing firm to expand its electric vehicle (EV) plan in the Indian market. Hyundai said the company is looking to localize its EV battery production focusing on lithium-iron-phosphate (LFP) cells. Additionally, installing domestically produced batteries in their upcoming EV […]
Technology services and consulting company, on Saturday, Wipro appointed insider Srini Pallia as Chief Executive Officer of the company, effective immediately. Pallia has been with Wipro for over three decades. He joined Wipro in 1992, Pallia held various leadership roles, including the role of President of the company’s Consumer Business Unit, also, he was the […]
Payment app company PhonePe partnered with Star Health and Allied Insurance company (Star Health Insurance) on Wednesday, to offer customers health insurance with a monthly and annual payment option. PhonePe said its users can now avail “Star Comprehensive Insurance Policy” with up to ₹1 Crore ($120.05 million) in coverage on the PhonePe app. The company […]
Digital payment app PhonePe and Singapore Tourism Board (STB), economic development agency on Wednesday, signed a memorandum of understanding (MoU) for two years, to enable clients to instantly make cross-border transactions from their current Indian bank accounts. The agreement was formally signed by Ritesh Pai, CEO of PhonePe and Melissa Ow, CEO of STB. This […]
Fintech company Skipify, on Thursday, collaborated with global payments technology provider Visa, through the Visa Digital Commerce Program, with an objective to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify as well as accelerate the payment process. California-based Skipify said merging Visa’s expertise in digital payments with Skipify’s digital wallet, it aims to […]
Real estate developer ROSHN Group, on Thursday, joined forces with Alphabet-owned Google Cloud, aiming to leverage artificial intelligence (AI) and to transform how the firm uses and benefits from data analysis. The Saudi Arabia-based company said with this collaboration ROSHN looks to modernise its data architecture as well as make data-driven decisions to create smart […]
Amazon.com’s cloud division Amazon Web Service (AWS) cut hundreds of jobs hailing from sales and marketing teams, as well as physical store technology employees, reported Bloomberg on Wednesday. “We’ve identified a few targeted areas of the organization we need to streamline in order to continue focusing our efforts on the key strategic areas that we […]
ChatGPT owner OpenAI Inc said it is expanding its venture into text-to-audio AI model Voice Engine on Friday, which can create emotive and realistic voices using text input and a single 15-second audio sample. Synthetic voice generator was initiated in late 2022, and the current model is in its testing phase. Additionally, Voice Engine is […]
Financial service company UBS Group AG, on Tuesday, said it intends to commence a new 2024 share buyback program of up to $2 billion on April 3, and the company is expecting to repurchase up to $1 billion of its shares, starting from the end of the merger of UBS Group and Credit Suisse AG. […]
Credit rating agency Brickwork Ratings said on Monday, it will resume its business operations and client onboarding following the order of the Securities and Exchange Board of India (SEBI) order from March 26. The company said the SEBI order, issued in September 2023, restricted Brickwork Ratings from onboarding new clients or receiving new mandates from […]
Engineering and digital services company Tata Technologies and automobile firm BMW Group signed an agreement to form a joint venture on Tuesday, aiming to establish an automotive software and IT development hub in Indian selective cities including Pune, Bengaluru, and Chennai. The company said the JV agreement is subject to assessment and approval by the […]
Indian news agency Press Trust of India (PTI) joined Meta’s third-party fact-checking partnership (3PFC) programme on Monday, with an objective to identify, review and rate content as misinformation across the social media company’s applications including Facebook, Instagram and WhatsApp. With electioneering for the LokSabha polls having intensified, said the newspaper publication, Meta announced the onboarding […]
