IBM AUTOMATION
UPI MDR rollout pushed; India’s first quantum computer coming soon
Happy Wednesday! The implementation of MDR on select UPI payments has been deferred beyond Diwali. This and more in today’s ETtech Morning Dispatch.
IBM to deploy India’s first quantum computer in Amaravati early 2027
The facility will focus on developing practical applications for quantum computing and helping Indian enterprises prepare their IT infrastructure for post-quantum cryptography.
India at defining moment, unique opportunity to shape exponential tech like AI: IBM India & South Asia MD
Indian enterprises stand at the threshold of transformation through AI and automation, with IBM emphasizing the crucial blend of real-time data and trust in these evolving systems. The ongoing collaboration with MeitY Startup Hub seeks to propel deep tech innovation among startups in India, fostering local technological excellence and offering access to vital mentorship and resources.
IBM, Yotta launch sovereign agentic AI platform for Indian enterprises
IBM and Yotta Data Services have introduced a sovereign AI platform specifically designed for Indian organisations. This new platform integrates IBM’s watsonx Orchestrate with Yotta’s Shakti Cloud and Shakti Studio. It aims to assist enterprises in managing AI agents while ensuring data and governance controls remain in India. The platform enables organisations to transition AI agents from pilots to full production effectively.
Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?
As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giants such as Snowflake and Nvidia are pioneering model-routing solutions, while innovative startups in India are joining the ranks. Research shows that leveraging multiple models can enhance efficiency and cut costs, though factors like language quality and security challenges impede progress.
Chip verification startup VerifAIX raises $5 million from Endiya, Bluehill VC
This is the company’s first institutional fundraise and will be used to advance its product, expand customer deployments, and grow its engineering teams across the US, India, and Israel, CEO Madhulima Tewari told ET. The company had previously raised capital from angel investors and industry advisors.
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Governance, not models, is the biggest obstacle to enterprise: Red Hat’s Vincent Caldeira
Red Hat’s APAC CTO said the industry does not yet have a platform that can make an AI agent completely secure out of the box and companies must make a judicious call when opting for such solutions.
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.
IBM signals a five-year horizon for its sub-1nm chips
Rao said the technology is the industry’s first demonstration of a staggered complementary field-effect transistor, or CFET, architecture at the 0.7nm node. Unlike conventional designs in which n-type and p-type transistors sit next to one another, CFETs seek to place them on top of each other, enabling greater density within the same silicon area.
The new economy: Less Java, more AI
Software engineering as we know it has changed, with AI generating as much as 70% of new code at large tech firms. As this automated tide rises, programming has transformed from a mere developer’s tool into the ultimate commercial goldmine for AI model creators, sparking a vibrant new ecosystem.
IBM stock crash: How a single blog post wiped $30 billion off IBM’s market value in one afternoon - here's what rattled investors
IBM stock crash shocked Wall Street. IBM shares fell 13% in one day. Nearly $30 billion in market value vanished. This was IBM’s worst drop since 2000. The trigger was not earnings. It was an AI blog post by Anthropic. The post introduced a COBOL modernization AI tool. Investors fear AI disruption in legacy systems. IBM mainframe revenue now faces pressure. Markets repriced risk instantly.
IBM sends HR staff packing as AI replaces them; hires more tech, sales workers: Report
The remarks come amid growing corporate adoption of AI agents (autonomous tools that can analyse spreadsheets, conduct research and draft emails), as companies explore the impact of generative AI on workforce dynamics. IBM’s comments come as the information-technology workforce continues to shrink, with AI weighing on hiring in some areas as companies reassess their staffing needs.
IBM acquires Bengaluru SaaS firm Prescinto for renewables business
“The acquisition of Prescinto will enhance the capabilities of IBM Maximo Application Suite (MAS), IBM’s solution for asset lifecycle management…It will further IBM’s leadership in the energy and utility space, an industry undergoing significant transformation and seeking solutions to manage and optimise wind, solar, and other renewable energy storage assets,” IBM said in a statement.
IBM executives foresee robust growth in Indian tech market
Speaking at the flagship IBM Think conference in Mumbai, on Tuesday, Paul Burton, general manager, IBM Asia Pacific, and Sandip Patel, managing director, IBM India and South Asia, said that skill gaps and talent scarcity are also driving larger investments in artificial intelligence (AI) and automation.
Average cost of data breach in India touches high of Rs 17.9 crore in 2023: IBM study
Social engineering was the costliest root cause of breaches at Rs 19.1 crore, followed by malicious insider threats, which amounted to nearly Rs 18.8 crore.
TCS, Wipro to work at IBM's Kochi centre to co-create AI-based automation tech
"India is an innovation and talent hub for IBM, and our collaborations with IIIT Kottayam, TCS, and Wipro will help us accelerate the adoption of automation for businesses across industries," IBM Automation General Manager Dinesh Nirmal said.
IBM adds new features to Watson Assistant
The US-based technology firm said that the new capabilities added to Watson Assistant would make it easier for businesses to create enhanced customer service experiences across phone, web, SMS and any other messaging platforms.
Persistent Systems deepens ties with IBM by joining its partner ecosystem
Persistent Systems has nearly a decade of experience as a key development, support and deployment partner across the IBM Automation portfolio.
Future of AI: Trustworthy, ethical and with governance framework
At IBM Research India, artificial intelligence is twinned with a hybrid cloud strategy while making AI trustworthy and ethical
LTI and IBM to expand global alliance; to set up CoE in Bengaluru
The companies will establish a centre of excellence in Bengaluru to help clients migrate and modernize core business applications leveraging IBM’s open hybrid cloud platform built on Red Hat OpenShift.
Airtel drives Open Hybrid Cloud Network deployment with IBM, Red Hat
Once completely implemented, Bharti Airtel's Open Hybrid Cloud Network will help partners and customers across industries harness the power of emerging technologies like 5G and edge computing.
IBM India opens automation innovation centre in Pune
This is the company’s second automation innovation centre. The first centre was opened in Bangalore in 2017.
HDFC Ergo and IBM to jointly setup data lab in India
The first project is to develop an automated real-time email-communication solution for customer queries and reduce turn-around time on redressal.
Former Wipro exec Jeff Heenan-Jalil joins IPSoft as CEO Europe
Jeff Heenan-Jalil, former head of Wipro’s healthcare division, has joined robotic process automation firm IPSoft as CEO of Europe.
IBM’s job recast may have big India impact
India is learnt to have over 35,000 people in GTS, making it one of the largest employee bases for IBM’s GTS segment.
IBM's Global Technology Services head says growth will absorb employees whose jobs are automated
Companies like Infosys and Wipro have been declaring the number of people who have been redeployed to other projects as their current jobs have been automated.
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.
IBM scaling down India business, MD Vanitha Narayanan to return to US
IBM's India headcount is now close to 1.13 lakh and set to slide to 1 lakh by March 2015, according to people familiar with the company's plans.
IBM opens service management center of excellence in Pune
IT major IBM announced the opening of the IBM Service Management Center of Excellence in India that will act as the regional hub for IBM Tivoli service management software and strategy.
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