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AI Will Change Operational Fundamentals Of Enterprises: Jithendra Vepa

Inc42 · 1y ago

AI Will Change Operational Fundamentals Of Enterprises: Jithendra Vepa

The GenAI ecosystem is experiencing significant growth, with over $600 million in funding for startups. Bengaluru is emerging as a major hub for AI-driven innovation. Companies are finding that implementing AI can significantly reduce operational costs. Many enterprises are opting to develop AI applications in-house and are resistant to sharing data with third parties. AI has the potential to fundamentally transform the operational landscape of businesses. Concerns around AI adoption include cost implications, compliance, security, and privacy. A report states that over 100 GenAI startups have collectively raised over $600 million in funding, with Bengaluru hosting over 45% of these startups.

Related News

Tech giant IBM launches $500M enterprise AI venture fund

IndianStartupNews

IndianStartupNews · 1y ago

Tech giant IBM launches $500M enterprise AI venture fund

IBM has launched a new $500 million venture fund to invest in AI enterprises focused on generative AI technology and research for enterprise applications. The fund aims to nurture AI leaders who can help businesses harness the power of AI, and partnerships with IBM will provide startups with operational insights. IBM's AI and data platform, watsonx, will play a crucial role in capitalizing on AI innovations, particularly in generative AI. The company has previously invested in AI-focused companies such as Hugging Face and HiddenLayer.

Stocks in news: ZEE, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor

Economic Times

Economic Times · 1m ago

Stocks in news: ZEE, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor

On June 21, NTPC will review plans to raise Rs 18,000 crore through bonds. Despite Israel-Iran tensions, the market rose with gains in large-cap stocks due to optimistic long-term fundamentals. Key stock updates include ZEE's approval to issue Rs 2,237.44 crore worth of warrants, Reliance Industries selling 85 lakh Asian Paints shares, and Tanla Platforms' Rs 175 crore buyback. Additionally, Hyundai resumed engine production in Maharashtra, and Jindal Steel plans a company name change.

Cisco teams up with Nvidia to help businesses get more out of AI than ever before

Techradar

Techradar · 1y ago

Cisco teams up with Nvidia to help businesses get more out of AI than ever before

Cisco and Nvidia have partnered up to provide scalable and secure AI deployment for enterprises. The collaboration aims to deliver both cloud-based and on-premises AI infrastructure, utilizing NVIDIA's Tensor Core GPUs with Cisco's M7 UCS rack and blade servers. This will enable enterprises to handle intense workloads generated by AI operations. Additionally, Cisco will offer management of AI infrastructure through its Networking Cloud, while its ThousandEyes tool uses AI for digital experience monitoring and problem remediation. The partnership seeks to help enterprises build, deploy, manage, and secure AI solutions at scale.

Archer Acquires Compliance.ai

Finsmes · 1y ago

Archer Acquires Compliance.ai

Overland Park-based company, Archer, has acquired Compliance.ai, a provider of artificial intelligence-driven regulatory change management solutions. The deal amount was not disclosed. The acquisition will allow Archer's clients to enhance their compliance efforts using AI technology to automate monitoring, tracking, reporting, and responding to regulatory changes in real time. Compliance.ai uses machine learning and AI to analyze and enrich regulatory activities, simplifying obligation management for comprehensive compliance coverage. Archer specializes in risk management solutions and helps organizations manage risk, ensure compliance, and address emerging challenges like ESG and operational resilience.

Gupshup rolls out multimodal AI agents to fuel AI adoption for enterprises

YourStory

YourStory · 5m ago

Gupshup rolls out multimodal AI agents to fuel AI adoption for enterprises

Conversational AI platform Gupshup has launched a comprehensive AI Agent Library, featuring industry-specific, pre-built agents designed to enhance enterprise operations. Built on large language models, these agents streamline customer experience and operational efficiency across multiple channels like WhatsApp and SMS. The introduction aligns with a growing trend in agentic AI, as companies aim to modernize interactions through advanced language capabilities. Enterprises benefit from personalized, efficient, and language-inclusive AI-driven interactions. Gupshup plans further AI expansions.

Wipro and Nokia launch 5G wireless network solution for enterprises

Livemint

Livemint · 1y ago

Wipro and Nokia launch 5G wireless network solution for enterprises

Wipro and Nokia have collaborated to launch a private 5G wireless solution that aims to assist enterprises in their digital transformation. The solution will first be made available to companies in industries such as manufacturing, energy, utilities, transportation, and sports entertainment. The offering will integrate a 5G private network solution with the enterprises' operational infrastructure, improving connectivity speed, real-time access to data, and the ability to process large volumes of data with low latency. This partnership aims to enable companies to manage their performance and address security concerns with the help of a private wireless network.

Tech Mahindra extends partnership with Google Cloud to boost AI adoption for enterprises

YourStory

YourStory · 4m ago

Tech Mahindra extends partnership with Google Cloud to boost AI adoption for enterprises

Tech Mahindra has expanded its partnership with Google Cloud to accelerate global AI adoption for enterprises. This collaboration aims to modernize infrastructure, optimize AI cloud solutions, and develop industry-specific solutions using Google Cloud's AI capabilities. Focusing on sectors like healthcare, automotive, and retail, the partnership enhances operational efficiency and growth opportunities. Tech Mahindra is investing in talent and has dedicated Google Cloud-focused delivery centers. The partnership promises robust managed services and AI development support.

CEOs Anticipate Revenue Growth Uptick in H2 2024 Amidst Continued Macroeconomic Headwinds for FY2025

OutlookIndia

OutlookIndia · 1y ago

CEOs Anticipate Revenue Growth Uptick in H2 2024 Amidst Continued Macroeconomic Headwinds for FY2025

A recent report by Nasscom highlights that the technology industry in India is focusing on efficiency and reinforced business fundamentals in the face of global economic slowdown. The industry grew by 3.8% in FY2024, adding $9.3 billion in incremental revenue. Sub-sectors like Global Capability Centre (GCC) and ER&D saw growth, with ER&D alone contributing 48% to total export revenue. The report also mentions the domestic sector's growth, driven by investments in emerging technologies and digital spending among Indian enterprises. Furthermore, companies are investing in upskilling their workforce in AI, cloud, data, and cybersecurity. Despite macroeconomic challenges, CEOs expect technology spending to increase in 2024, with industries like Hi-Tech, BFSI, and TMT predicted to improve.

Mindset, not size, limits small companies; AI is changing that: Paytm's Vijay Shekhar Sharma

YourStory

YourStory · 6d ago

Mindset, not size, limits small companies; AI is changing that: Paytm's Vijay Shekhar Sharma

Paytm CEO Vijay Shekhar Sharma, speaking at Shiprocket Shivir 2025, highlighted how artificial intelligence (AI) is empowering small businesses in India by enhancing their capabilities, traditionally limited by mindset rather than resources. AI is helping micro, small, and medium enterprises (MSMEs) overcome barriers to insights and operational efficiency, enabling them to scale faster. Sharma emphasized that AI acts like a business partner or CFO, bridging knowledge gaps and encouraging small businesses to think bigger and more expansively.

Wipro, Dell Technologies expand partnership to strengthen enterprise AI offerings

YourStory

YourStory · 10m ago

Wipro, Dell Technologies expand partnership to strengthen enterprise AI offerings

Wipro has expanded its partnership with Dell Technologies to integrate their AI enterprise solutions and provide superior technology to enterprises. The collaboration aims to accelerate the adoption of AI across cloud, data center, and edge environments. Wipro's Enterprise AI-Ready platform will leverage Dell's AI Factory with Nvidia to bring GenAI processing power to data without upfront investment. The partnership will support the safe and responsible adoption of AI by offering robust governance, observability, and automation capabilities. The goal is to make AI consumption efficient, agile, reliable, and sustainable for enterprises.

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