Enterprise Spending
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The AI Bubble Question: What Is It and Should You Be Worried About an Implosion?
Record AI investment and infrastructure spending have sparked debate over a potential bubble. While leaders like Sam Altman and Sarah Friar point to adoption and momentum, figures such as Bill Gates, Demis Hassabis and Bridgewater Associates warn of overvaluation and risk. Surging deals, high commitments and revenue gaps underpin the scrutiny as ma...
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India Begins AI Adoption: 47 Percent of Enterprises Use AI for Multiple Use Cases, Says EY
A new EY India and CII report says Indian enterprises are now rapidly scaling up generative AI adoption, with 47 percent running multiple AI use cases internally and another 23 percent piloting projects. Leadership confidence is high, with most CXOs expecting a significant business impact. However, AI spending remains limited as firms struggle to j...
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Apple Executives Reportedly Have a Disagreement About AI Acquisition Deals
Two Apple executives are reportedly in disagreement over each other’s strategy on how the company should proceed with artificial intelligence (AI). Apple’s foray into the AI space has been limited and marred by endless delays. While one of the reasons behind the delay is its late entry into the space, another is its reluctance to spend big when...
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Airtel Cloud Launched by Xtelify as Gen AI-Ready Cloud Platform for Telecom Businesses
Airtel’s fully-owned subsidiary Xtelify launched a telco-grade cloud platform for telecom businesses on Monday. Dubbed Airtel Cloud, the cloud platform was initially designed to serve the telecom operator’s internal operational requirements and houses all its digital assets and capabilities. It is said to handle 140 crore transactions per minut...
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ChatGPT for macOS Gets Upgraded With Code Editing Capability Directly in IDEs
ChatGPT for macOS is getting a new feature that will make it easier for software developers to get coding assistance. Announced last week, the new artificial intelligence (AI) feature allows the OpenAI chatbot to work with integrated development environments (IDEs) and edit code in the user’s preferred coding tool. This will enable them to not sp...
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Microsoft, OpenAI Are Spending Millions on News Outlets to Let Them Try Out AI Tools
Microsoft and OpenAI, in collaboration with the Lenfest Institute for Journalism, announced an AI Collaborative and Fellowship programme on Tuesday. With this programme, the two tech giants will spend upwards of $10 million (roughly Rs. 84.07 crores) in direct funding as well as enterprise credits to use proprietary software. The companies highligh...
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BlackBerry Records Profit in First Quarter Fueled by Growth in Its Cybersecurity Business
BlackBerry posted a surprise profit for the first quarter on Wednesday. The cybersecurity business of the Canadian technology company benefited from higher client spending, while its enterprise software continued to gain traction in the automotive sector. The US-listed shares of the company rose 5.79 percent in extended trading.
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Mexican Drug Lord "El Chapo" Sentenced To Life Plus 30 Years In Prison
Joaquin "El Chapo" Guzman, the Mexican drug lord found guilty of running a murderous criminal enterprise that smuggled tons of drugs into the United States, was sentenced by a U.S. judge on Wednesday to spend the rest of his life in prison.
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Gartner Says Global IT Spending Will Grow 3.2 Percent in 2019
Enterprise software spending is forecast to experience the highest growth with an 8.3 percent increase in 2019.
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Telecom Spend Driving India's External Enterprise Storage Market: IDC
While banking, telecom, professional services, manufacturing and government continued to be the key contributors, multimillion-dollar deals in telecommunications vertical drove the growth.
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The AI Bubble Question: What Is It and Should You Be Worried About an Implosion?
Record AI investment and infrastructure spending have sparked debate over a potential bubble. While leaders like Sam Altman and Sarah Friar point to adoption and momentum, figures such as Bill Gates, Demis Hassabis and Bridgewater Associates warn of overvaluation and risk. Surging deals, high commitments and revenue gaps underpin the scrutiny as ma...
-
India Begins AI Adoption: 47 Percent of Enterprises Use AI for Multiple Use Cases, Says EY
A new EY India and CII report says Indian enterprises are now rapidly scaling up generative AI adoption, with 47 percent running multiple AI use cases internally and another 23 percent piloting projects. Leadership confidence is high, with most CXOs expecting a significant business impact. However, AI spending remains limited as firms struggle to j...
-
Apple Executives Reportedly Have a Disagreement About AI Acquisition Deals
Two Apple executives are reportedly in disagreement over each other’s strategy on how the company should proceed with artificial intelligence (AI). Apple’s foray into the AI space has been limited and marred by endless delays. While one of the reasons behind the delay is its late entry into the space, another is its reluctance to spend big when...
-
Airtel Cloud Launched by Xtelify as Gen AI-Ready Cloud Platform for Telecom Businesses
Airtel’s fully-owned subsidiary Xtelify launched a telco-grade cloud platform for telecom businesses on Monday. Dubbed Airtel Cloud, the cloud platform was initially designed to serve the telecom operator’s internal operational requirements and houses all its digital assets and capabilities. It is said to handle 140 crore transactions per minut...
-
ChatGPT for macOS Gets Upgraded With Code Editing Capability Directly in IDEs
ChatGPT for macOS is getting a new feature that will make it easier for software developers to get coding assistance. Announced last week, the new artificial intelligence (AI) feature allows the OpenAI chatbot to work with integrated development environments (IDEs) and edit code in the user’s preferred coding tool. This will enable them to not sp...
-
Microsoft, OpenAI Are Spending Millions on News Outlets to Let Them Try Out AI Tools
Microsoft and OpenAI, in collaboration with the Lenfest Institute for Journalism, announced an AI Collaborative and Fellowship programme on Tuesday. With this programme, the two tech giants will spend upwards of $10 million (roughly Rs. 84.07 crores) in direct funding as well as enterprise credits to use proprietary software. The companies highligh...
-
BlackBerry Records Profit in First Quarter Fueled by Growth in Its Cybersecurity Business
BlackBerry posted a surprise profit for the first quarter on Wednesday. The cybersecurity business of the Canadian technology company benefited from higher client spending, while its enterprise software continued to gain traction in the automotive sector. The US-listed shares of the company rose 5.79 percent in extended trading.
-
Mexican Drug Lord "El Chapo" Sentenced To Life Plus 30 Years In Prison
Joaquin "El Chapo" Guzman, the Mexican drug lord found guilty of running a murderous criminal enterprise that smuggled tons of drugs into the United States, was sentenced by a U.S. judge on Wednesday to spend the rest of his life in prison.
-
Gartner Says Global IT Spending Will Grow 3.2 Percent in 2019
Enterprise software spending is forecast to experience the highest growth with an 8.3 percent increase in 2019.
-
Telecom Spend Driving India's External Enterprise Storage Market: IDC
While banking, telecom, professional services, manufacturing and government continued to be the key contributors, multimillion-dollar deals in telecommunications vertical drove the growth.
