Tuesday, December 3, 2024

While 94% of enterprises already use some form of cloud services, recent surveys reveal a shift: over 48% of companies are now considering or actively moving certain workloads back on-premises or to private clouds. According to a 2023 IDC report, around 80% of companies expect to repatriate some... Â read more...

Balancing personalization and data security: Key considerations for retailers adopting edge AI solutions

Today, artificial intelligence (AI) and advanced data analytics are reshaping every aspect of retail operations. AI, particularly its latest iteration, generative AI (GenAI), is revolutionizing how retailers interact with consumers while adapting to individual shopping behaviours with the highest le... Â read more...

Nvidia among investors in $700 million capital raise by AI firm Nebius Group

Nebius was founded by Arkady Volozh, former founder and CEO of Yandex. Volozh said the $700 million financing would give Nebius additional firepower to build clusters of graphics processing units (GPUs), cloud platforms and other tools for AI developers faster and on a larger scale. Â read more...

Deloitte to launch global AI simulation centre, backed by $10M investment

Deloitte is establishing a global AI Simulation Centre of Excellence in Bengaluru, leveraging India's talent pool and the presence of Fortune 500 companies. The investment ranges from $5 to $10 million, excluding personnel costs. The CoE will enhance client engagement through Gen AI-driven insights ... Â read more...

India-USA space and geospatial business summit focus on tech & advanced manufacturing

The 4th India-USA Space and Geospatial Business Summit in Hyderabad focused on technology, policy alignment, and advanced manufacturing, aiming to boost bilateral trade in geospatial and space technologies. Highlighting India's potential as a global hub for cost-effective geospatial services, discus... Â read more...

Sundar Pichai and 4 other technology CEOs whose companies spend highest on their security

Big tech companies heavily invest in CEO protection, with Meta spending $23.4 million on Mark Zuckerberg's security in 2023, far surpassing other tech giants. Google allocated $6.8 million for Sundar Pichai, while Apple's expenditure on Tim Cook's security was $820,309. Â read more...

Amazon to pilot AI-designed material for carbon removal

At the same time, data centers are requiring more energy to sustain AI's development and more water to keep them cool. That poses a challenge to companies like Amazon, which has committed to have net-zero carbon emissions by 2040. Â read more...

Open cloud compute: A UPI moment for AI?

Open Cloud Compute (OCC), an initiative of People+AI is looking to solve this very issue. It is founded by EkStep Foundation, which Infosys cofounder Nandan Nilekani started in 2015 and is trying to offer an alternative for larger players by creating a network of micro data centres. Â read more...

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