COGNITIVE SOFTWARE AND SERVICES
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.
Dan Koe, a solopreneur who began with just $500 in 2016, generated $5 million in revenue by 2024; Inside his single-person business model
Dan Koe stands as a leading advocate for digital entrepreneurship and advises solopreneurism as a viable pathway for individuals seeking business autonomy. Through effective writing strategies, he empowers aspiring creators to unearth their true passions. With a thriving multi-million-dollar brand, Koe integrates newsletters, YouTube, and social media to connect with his audience.
Former OpenAI, Cognition staffers want AI agents running businesses
Hone is set to announce Thursday that it has raised a $60 million seed round to develop AI agents that essentially serve as professional staffers, fielding long-running tasks over the course of weeks or even months. Benchmark and Index Ventures led the financing, and the company is now valued at $285 million, according to Hone.
Amazon Now’s sales surge; govt’s stance on UPI charges
Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch.
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Flipkart's new Minutes app; Anthropic employee sounds alarm
Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETtech Top 5.
AI coding startup Cognition raises $1 billion at $26 billion value
AI startup Cognition has secured over one billion dollars in a new funding round. This brings its valuation to a massive twenty-six billion dollars. Their AI agent, Devin, automates programming for engineers. This funding highlights strong investor interest in AI for software development. Cognition plans to use the funds to enhance its AI models and customer experience.
Infosys shares in focus following strategic AI partnership with Cognition
The integration of Infosys Topaz Fabric and Cognition’s autonomous engineering tech is expected to fast-track software development and modernisation.
Infosys, Cognition join hands to push AI software engineer 'Devin' across global enterprises
Infosys and Cognition announced a partnership to scale latter's AI coding engineer, Devin, to organisations. The collaboration will deploy Devin across Infosys' internal engineering ecosystem as well as client engagements globally.
Life in 2040: What Indians will actually spend money on and what it means for your portfolio
Financial experts predict significant shifts in Indian household budgets by 2040. Emerging expenses include advanced tech upgrades, longevity treatments, assisted living for an ageing population, continuous upskilling, and a growing subscription stack. Cognitive wellbeing, travel, digital security, and climate-resilient living will also demand substantial financial planning. We asked experts: What will Indians actually spend on by 2040? Here are the costs your portfolio needs to prepare for today.
Big deals up for grabs, will they change fortunes? 6 IT stocks operating in niche areas with upside potential of up to 39%
There is a report which suggested in the next 5 months, there are a large number of IT contracts, which are up for grabs. Now why this becomes significant is because these contracts are coming at a time when the whole global IT industry has gone through a change. A change, which all of the companies expected to come but the pace at which it has come was not expected. The change is called generative AI. So, while the deal size is one part of it, what would be significant to watch is what kind of deal whether it involves any element of AI in that.
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.
Infosys partners with Microsoft to accelerate industry-wide adoption of generative AI
Through the partnership, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities, to help enterprise customers transition from digital to AI solutions.
SparkCognition acquires Bangalore-based AI startup Integration Wizards
"The team is excited to capitalize on SparkCognition’s incredible depth of talent, considerable IP portfolio, and deep subject matter expertise, providing our customers with even greater value and a broader AI based portfolio,” Kunal Kislay, CEO and Co-Founder of Integration Wizards said.
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.
TCS posts highest-ever profit in Q3 at Rs 8,105 crore; key takeaways
Analysts in an ETNOW poll had projected the Q3 profit at Rs 8,150 crore.
Worxogo raises Rs 16.5 cr from Inventus, Ideaspring
The investors said the novelty of the idea, the experience of the team and the potential of the venture in the US market led to the funding.
Wipro partners with Duck Creek for insurance solutions, joins its platform
Duck Creek Technologies is a prominent software-as-a-service software provider for P&C (property and casualty) insurance industry.
Wipro bags $1.5-billion deal, joins peer TCS in large deal winning
It reaffirms a steady revenue source for the co at a time when it is aiming at industry-matching numbers.
Wipro climbs over 6% on $1.5-billion Alight deal
"This deal will result in revenues of USD 1.5-1.6 billion for Wipro over the tenure. This is Wipro's largest win to date," Wipro said in a statement.
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.
India is a very important market for Watson: IBM
Watson, which shot to fame after winning television game show Jeopardy in 2011, is now being used across sectors, including assisting in treatment of cancer.
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.
VirtusaPolaris, WorkFusion tie-up to deliver robotic automation to banking and financial sectors
This partnership will deliver new smart automation solutions for the BFS market, which is the key area where VirtusaPolaris operates.
How cognitive will redefine customer experience
Till recently, delivering customer delight was about product quality or service efficiency. In the context of manufacturing, it was about just-in-time supply; in banking it was the ability to offer personalised service and in retail, it was about offering choices.
Perpetuuiti sets up new R&D Centre near Chennai
Perpetuuiti has set up its research and development centre near Chennai.
Wipro to implement help-desk management solution for Nexenta
Wipro said that it will also implement a Service Bot Workbench for Nexenta's internal Technical Team.
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