IBM CEO
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.
German startup NVision shows new path to quantum computing chips in Nature paper
Startups and tech giants such as Microsoft and IBM alike are racing to build quantum computers that hold the promise of solving problems that would take conventional machines thousands of years. But NVision, which has raised more than $155 million in funding from firms such as Abbott Laboratories, made the discovery published on Wednesday while working in an entirely different field: improving medical devices.
Meet Lisa Su, MIT graduate who began her semiconductor career at Texas Instruments, later she became AMD CEO
Su was born in Taiwan, and moved to the US with her family when she was a young child. She developed an interest in technology early in life, which later led her to study electrical engineering at the Massachusetts Institute of Technology (MIT). Su also worked at Texas Instruments, IBM and Freescale Semiconductor. Her experience combined technical research with
Meet Shruti Gandhi, who launched Array Ventures in 2016; 8 years later, her first fund had returned all its capital to investors
Gandhi announced the achievement in a year-end update in February 2025. It claimed that Array Ventures fully returned its 2016 Fund I in the first quarter in 2024. It also said it had distributed capital to its investors every year for the previous five years. This came at a time when venture capital investors were facing challenges in turning their startup investments into cash.
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.
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Ursula Burns was ready to leave Xerox for Dell. Then one phone call changed her career path
Ursula Burns joined Xerox as an engineering intern in 1980 and nearly left for Dell during the company’s financial crisis in 2001. A phone call from board member Vernon Jordan persuaded her to reconsider. Eight years later, she became Xerox CEO, succeeding Anne Mulcahy.
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.
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.
India’s AI rules take shape; TCS profit jumps 15%
The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
CoRover wins govt tender to build national unified AI assistant platform
Implementation to begin within 4 months with DigiLocker, will scale to hundreds of central, state departments, CEO says.
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.
Blockbuster Accenture show holds out hope for battered Indian IT
Accenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a revival in client discretionary spending. Analysts underscore the need for Indian IT firms to enhance their artificial intelligence capabilities to successfully tackle upcoming challenges. Accenture's forecast suggests improved market conditions and steady margins, painting a picture of a resilient industry.
The curious case of hiring a Chief AI Officer
FOMO, board pressure or an actual need to hire a CAIO? The jury is still out on one of the most sought-after roles since the emergence of AI.
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.
Pope Leo puts AI risks at centre of Vatican’s global agenda: 'Future of humanity is at stake'
The Vatican warned about the risk of an apocalypse spurred by artificial intelligence years before major American firms sounded the alarm at the United Nations Security Council on Wednesday - a concern that Pope Leo is placing at the heart of his
Verizon to invest $70 million in AI training effort
Verizon is investing $70 million in a nationwide effort to provide AI training to job seekers, small business and educators as the US economy undergoes a dramatic transformation, it said on Wednesday.
India’s senior techies with 12 years of experience are going back to class, and AI is the reason
A recent collaboration between IIT Kharagpur and upGrad reveals a dramatic increase in demand for AI executive programmes aimed at experienced tech professionals. In just a few months, the initiative has broadened its curriculum from four to seven targeted courses. With participants enrolling from diverse locations, the landscape of AI training is shifting towards practical, role-oriented education, underscoring the necessity for ongoing skill development in an AI-driven job market.
PM Modi asks semiconductor CEOs to step up industry participation in next phase of India’s growth
Prime Minister Narendra Modi urged India to lead in emerging technologies. He assured industry leaders of a predictable and responsive policy environment. The government is committed to fostering innovation and skilling for future growth. CEOs expressed confidence in India's semiconductor sector potential. They pledged contributions to making India a global technology hub.
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.
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.
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.
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.
Sugar’s valuation slump; Slice takes a hit
Happy Friday! A91 Partners is backing Sugar Cosmetics in a round that will see the beauty brand’s valuation fall sharply. This and more in today’s ETtech Morning Dispatch.
Tim Cook reportedly woke up at 3:45 a.m. every day and once worked at a paper mill. Then he took over Apple from Steve Jobs
Tim Cook concludes his fifteen-year tenure as Apple CEO today, August 31, 2026. He transformed Apple into a vastly larger and more profitable technology giant. Cook built an enormous services business around Apple's existing customer base. He also oversaw the successful launch of Apple Watch and AirPods. Cook's legacy includes making the entire Apple machine run efficiently.
'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.
'We faltered, did not move quickly:' How IBM CEO Arvind Krishna's statement led to $70 billion wipeout
IBM shares rebounded nearly 2% in premarket trade after plunging 25% in their worst single-day fall in 58 years, wiping out nearly $70 billion in market value. The selloff was triggered by weaker-than-expected preliminary Q2 results and concerns that customers are shifting spending from IBM's traditional businesses to AI infrastructure.
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