ARVIND KRISHNA
Trump celebrates Diwali with Indian-American CEOs, entrepreneurs at Oval Office
During the Diwali celebration at the Oval Office, President Trump lit a diya in the presence of Indian-American guests. Notable attendees included entrepreneurs, CEOs, and India's Ambassador to the US. Celebrants shared their hopes for strengthening the friendship between India and the US. Founded by President George W Bush, the White House's Diwali celebrations have evolved over the years.
Musk and Zuckerberg officially adopt Trump’s “super intelligence” label for AI, other tech chiefs yet to follow
In a significant shift, tech giants Elon Musk and Mark Zuckerberg have embraced the term 'super intelligence' to describe AI, following a pivotal lunch with Donald Trump that resulted in a new safety standards agreement. Meanwhile, executives from Alphabet, Amazon, and Microsoft still favor the traditional AI nomenclature in their dialogues.
IBM falls as analysts question staying power of software rebound
IBM shares fell 6.5% in premarket trading on Thursday, as analysts said part of the company's third-quarter software rebound was driven by deals delayed from the previous quarter, raising questions about how sustainable the boost would be.
Piyush Goyal woos top US companies for investment
Commerce and Industry Minister Piyush Goyal has met various US firms in New York to discuss investment potential. Meetings included representatives from Blackstone, Neuberger Berman, and The Estee Lauder Companies, focusing on manufacturing and beauty markets. Discussions with IBM's CEO involved strengthening collaboration in AI and quantum computing technologies. Goyal also engaged with General Atlantic and AIA Group to explore opportunities in financial services and insurance sectors.
Piyush Goyal takes India investment pitch to AIA, MetLife, IBM and General Atlantic
Commerce Minister Piyush Goyal promoted India as an investment destination during meetings with leading global firms. He highlighted the country's regulatory reforms and demand for services, especially in the insurance sector. Goyal met with executives from AIA Group, MetLife, General Atlantic, and IBM to discuss growth opportunities. He emphasized the importance of India's technology talent pool for future collaborations.
Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companies
Adobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executives now run companies spanning technology, banking, luxury, pharmaceuticals and manufacturing. Here are the leaders occupying some of the biggest corner offices in global business.
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After 18 years at helm, Shantanu Narayen passes reins to Anil Chakravarthy
Chakravarthy had been president of Adobe’s customer experience orchestration business and worldwide field operations, having joined the company in January 2020 from global enterprise cloud data management firm Informatica. Meanwhile, Narayen will transition to executive chairperson in December, the company said in a statement.
Another Indian to head Adobe: Are they better at running Big Tech?
The question is no longer why a few Indians have made it to the top. It is why so many of them appear particularly well suited to running some of America's largest and most complex technology companies.
Rentomojo’s valuation jump; SoftBank’s Meesho windfall
Rentomojo is expected to go public at a valuation nearly five times higher than its previous private market round. This and more in today's ETtech Top 5.
From IIT Varanasi to Silicon Valley peak: Who is Adobe's newly appointed CEO Anil Chakravarthy?
Adobe has appointed Anil Chakravarthy as its new CEO, succeeding Shantanu Narayen, who will become executive chair after more than 18 years at the helm. Chakravarthy will take over on December 1.
'It’s disrespectful': IBM CEO Arvind Krishna and JPMorgan’s Jamie Dimon disagree on phones in meetings, one calls it context, the other calls it disrespect
IBM's Arvind Krishna classifies device usage according to meeting scale, seeing large groups as platforms for information sharing rather than discussions. In juxtaposition, JPMorgan's Jamie Dimon demands complete focus from employees during all meetings, deeming gadget use as disrespectful and unproductive. This clash of ideologies underscores a larger conversation around technology's role in the modern workplace.
Execution is bigger challenge than profitability: Fractal CEO
Fractal reported a sharp 38% sequential decline in net profit to Rs 72.3 crore in April-June quarter. However, on a yearly basis, net profit climbed 92%, while revenue rose 20% to Rs 912.5 crore.
'We will talk in 5 years': Sridhar Vembu reacts to IBM CEO Arvind Krishna's statement on 'multi-trillion dollar AI data center bubble'
Zoho founder Sridhar Vembu dismisses the massive AI data center buildout as a potential bubble, contrasting IBM CEO Arvind Krishna's concerns with his company's focus on core AI capabilities like data curation and compiler infrastructure. Vembu stated Zoho won't chase the "investment frenzy," emphasizing prudence over speculative spending. This stance echoes warnings about repeating past tech boom patterns where infrastructure outpaced demand.
IBM CEO on AI disruption, stock slide; VCs cash in on D2C exits
Happy Wednesday! IBM CEO Arvind Krishna calls the recent stock slide an overreaction and lays out his view on India's AI push and job disruption. This and more in today’s ETtech Morning Dispatch.
IBM CEO Arvind Krishna reveals key reason behind tech industry layoffs and it's not what you think
IBM CEO Arvind Krishna believes that the massive layoffs that have rattled the tech industry is not due to the AI, adding that it is due to overhiring during the pandemic period. Arvind Krishna said he believes AI will lead to increased productivity and overall hiring growth especially among young college students.
As major Silicon Valley tech companies vehemently oppose sharing U.S. AI technology, IBM takes a different path; CEO Arvind Krishna says, "Open is key to innovation”
IBM CEO Arvind Krishna said that the AI race doesn't need to focus on creating more expensive models, but rather on overcoming technological challenges like reducing training costs. He stressed that open-source AI is the key to foster innovation.
ET Infographic | Indians at AI corner room
Indian-origin CEOs such as Satya Nadella, Sundar Pichai, Neal Mohan and Arvind Krishna along with several others helm billion-dollar companies like Microsoft, Google, YouTube, Adobe, IBM etc. Now, the same is happening with AI bigwigs across the world.
IBM CEO Arvind Krishna joins USISPF Board
Arvind Krishna, IBM CEO, has joined USISPF, bringing his expertise in technology and market transitions. He is a leading figure among Indian-American CEOs of Fortune 100 companies and has made significant contributions in wireless networking, security, systems, and databases.
Top tech guns say AI will create jobs, but needs to be monitored
Top global business leaders, including Tata Sons chairman N Chandrasekaran, Microsoft USA vice-chairman Brad Smith, and IBM CEO Arvind Krishna, have emphasized the need for a regulatory blueprint to ensure responsible use of artificial intelligence (AI). They believe that AI will create new opportunities and ecosystems, automating mundane tasks and enhancing productivity.
Doing 90% mundane HR tasks like promotion, assessment of people with AI: IBM CEO Arvind Krishna
The overall AI deployment will enhance more productivity and help in chasing more business opportunities that will in effect will help generate more per capita GDP, according to IBM's chairman and chief executive Arvind Krishna.
IBM CEO Arvind Krishna warns employees who work remotely: 'Your career does suffer'
IBM CEO Arvind Krishna's comments add to the growing debate over the merits of remote versus in-person work. About 80% of IBM’s employees work from home at least some of the time, Krishna said.
IBM CEO Arvind Krishna’s total compensation drops by a million to $16.5 million in 2022
The CEO’s basic (base) salary stood at $1.5 million which was the same as the previous year. A sum of $8.9 million was available with him through stock awards and $2 million in options, as per the filing.
India can play a role in advancing quantum computing: Arvind Krishna
People and organisations need to start learning quantum skills now as this will prove to be a competitive advantage once quantum computing becomes reality.
India's digital transformation in pandemic akin to mobile revolution: IBM's Arvind Krishna
India’s rapid digital transformation over the course of the Covid-19 pandemic is similar to what the country did with its mobile phone revolution, IBM Chairman and CEO Arvind Krishna says.
Cybersecurity will be the pressing ‘issue of this decade’, IBM’s Arvind Krishna says
Value lies in the data and people are going to come after that data, IBM Chairman Arvind Krishna says ahead of the IBM Think Conference that starts Tuesday.
IBM CEO Arvind Krishna to take over as chairman
International Business Machines Corp said on Wednesday Chief Executive Officer Arvind Krishna would take over as chairman from Jan. 1, replacing Ginni Rometty, who stepped down as its long-time CEO earlier this year.
COVID-19 crisis has accelerated importance of AI, hybrid cloud: IBM CEO Arvind Krishna
"The importance of hybrid cloud and AI has accelerated. What has changed is the pace at which they're being adopted. Transformation journeys (of) last few years are now being compacted into months...They're looking for long lasting answers on what they can do with technology to address the key issues that COVID-19 has brought to light," he said.
New IBM CEO Arvind Krishna starts up with culture shift
Arvind Krishna writes to staff, calls for an entrepreneurial mindset as he takes over the top job
Arvind Krishna, the man who helped buy Red Hat, now wears the CEO hat at IBM
Indian-American Arvind Krishna will take over as the firm's CEO of IBM from Virginia 'Ginni' Rometty.
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