CLOUD AND COGNITIVE SOFTWARE
Honeywell leaning on physical AI to net $1 billion India revenues
The $69 billion building, process, and industrial automation giant, carved out from the Honeywell industrial conglomerate as part of a companywide restructuring, is betting big on physical AI, leveraging its hardware and software experience, Anant Maheshwari, president of strategy and president & CEO of global regions told ET in an interview.
Who are the biggest investors backing Anthropic? A look at key stakeholders
Anthropic’s planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading venture capital firms, global institutions and prominent individual investors, the Claude maker has seen its valuation surge through successive funding rounds.
Anthropic's top investors include Amazon, Google, Fidelity Management
Anthropic is preparing for its initial public offering, supported by significant investments from Amazon and Google. The company's valuation has increased significantly through numerous funding rounds over recent periods. Key investors like ICONIQ Capital and Coatue Management have also expressed confidence in its potential. Anthropic's partnerships with technology leaders enhance its resources for advancing AI development.
Schneider Electric raises 2026 targets again on booming data centre demand
Schneider Electric has achieved a record revenue of €11.46 billion in the third quarter, exceeding analyst projections. The company has adjusted its revenue and earnings growth targets for 2026, buoyed by strong demand, especially in the data centre segment across China and East Asia. Schneider is actively boosting its software capabilities with acquisitions like Cognite and PTC.
MongoDB doubling down on India as key global talent hub
Sait said the company plans to continue hiring in India and expand its capacity to tap the opportunity in the market. MongoDB’s India business is a significant contributor to its Asia-Pacific revenue.
Sen. Bernie Sanders unveils bill to ban artificial superintelligence and create Department of AI
Senators Bernie Sanders and Greg Casar have put forward pivotal legislation aimed at banning superintelligent AI and controlling advanced AI development. The bill proposes creating a federal agency tasked with overseeing safety measures and pausing ongoing AI projects. Despite strong backing from certain AI sector employees, the initiative may struggle against a Republican-led Congress.
One more reason to change negative bias against them? 5 IT stocks with upside potential of 25 to 38% in 1 year
At the start of the week, when the global markets were reeling under the pressure of unwinding of Yen carry trade, it was the IT stocks which were able to handle the pressure well. Was it an arbitrary reaction of the street, or the fact is that the unwinding of “ Yen carry trade” and the strength of Japanese Yen is a positive for select Indian IT companies. Probably the second one. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
IBM reports revenue declines for third straight quarter
The company's third-quarter results showed that global business services which include consulting, application management and global process services posted revenues of $4 billion
HCL, IBM expand alliance to help organisations with digital transformation
HCL Technologies, in a statement on Thursday, said the IBM Ecosystem Unit (IEU) at HCL will assist clients, including enterprises in regulated industries such as financial services, telecommunications, life sciences and healthcare and energy and utilities.
One-fifth of IT budgets allocated for cloud by Indian enterprises: IBM study
The study has also highlighted that organizations in India are expected to spend nearly half of their cloud budget on hybrid multi-cloud infrastructure over the next three years to take their services online.
Wipro partners with IBM to offer Cloud solutions
Through this alliance, Wipro would develop hybrid cloud offerings to help businesses migrate, manage and transform mission-critical operations and applications across public or private cloud and on-premise IT environments, said the Bengaluru-headquartered tech services company in a press release.
IBM leans on cloud storage, applications
While large existing customers such as banks and insurance companies are maintaining investments in technology critical projects, many new firms in the retail, pharmaceuticals, telecom and other industry sectors are investing in migrating operations to the cloud as more employees work remotely.
COVID-19: Indian team among 3 chosen for IBM's Call for Code challenge
Call for Code is a global initiative for developers to solve pressing global problems with sustainable software solutions. While the focus of this year's competition was on addressing climate change, IBM decided to add tech solutions for addressing the COVID-19 crisis as well.
IBM raises IITian Arvind Krishna to CEO effective April
IBM said current CEO Ginni Rometty would continue as executive chairman of the board through the end of 2020, at which point she would retire after almost 40 years with the company. Krishna is currently senior vice president for cloud and cognitive software and was a principal architect of the company's acquisitions of Red Hat.
IBM to expand client base for cloud services
This includes work done in setting up a security operations centre for the Bombay Stock Exchange and developing a managed software-as-a-service (SaaS) platform for IT firm Happiest Minds.
IBM banks on enterprise, cognitive services
The company, which can offer public, private and hybrid cloud services, has also appointed Vikas Arora, former general manager of Dell EMC Asia Pacific and Japan, to head its cloud business in March.
IBM India chief Karan Bajwa looks to mine bottom of the cloud pyramid
"The big change is that we want all our conversations to be cloud-first - from delivery to 'solutioning' - and I have set goals in terms of the amount of revenue, customers and consumption of cloud," he said.
HCL and IBM enter 15-year partnership
HCL will build features and functions on top of existing IBM platforms and products such as Tivoli Workload Scheduler, Rational Testing, etc.
21st century will be India's: Virginia Rometty, IBM
Rometty reached Bengaluru from Chennai, where she announced a string of steps for the company's operations in the city that were impacted by the December floods.
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