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News on Medial
Generative AI taking investments to the cloud: Salesforce’s Arundhati Bhattacharya
Economic Times
·
1y ago
Medial
The article discusses the rise of generative AI and its impact on investments in the cloud. Arundhati Bhattacharya, the CEO of Salesforce in India, highlights the potential of generative AI in enhancing investment decisions and reducing risks. She also emphasizes the importance of AI ethics and data privacy in the adoption of these technologies. Overall, the article explores the benefits and challenges associated with generative AI in the investment landscape.
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Dispelling AI Misconceptions: Insights from Salesforce India
Livemint
·
1y ago
Medial
Arundhati Bhattacharya, Chairperson and CEO of Salesforce India, discusses the impact of artificial intelligence (AI) on businesses and society. She addresses concerns about AI leading to mass unemployment and suggests that humans have always adapted to technological changes. Bhattacharya also highlights the potential of AI to drive positive change, improve productivity, and address socio-economic challenges in India. She emphasizes the importance of cybersecurity measures for AI systems and the need to understand and engage the younger workforce. Under her leadership, Salesforce India strives for sustainable growth and community empowerment.
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India presents exciting opportunity, world moving into an Indian era: Salesforce chairman
Economic Times
·
10m ago
Medial
Salesforce CEO Marc Benioff spoke about India's growing importance as the world moves into an "Indian era" during the annual Dreamforce event. Benioff expressed excitement about the opportunities in India and mentioned the company's aggressive investments in the country. Salesforce has over 11,000 employees in India, serving global clients and experiencing growth in its Indian business. Benioff praised the leadership of Arundhati Bhattacharya and discussed the launch of Agentforce, an autonomous AI solution for various business functions. While acknowledging potential job losses due to AI, Benioff highlighted successful examples of repurposing employees for higher growth.
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Salesforce CEO Marc Benioff proclaims, ‘No question that we are going to move into an incredible moment in India’ | Mint
Livemint
·
10m ago
Medial
Salesforce CEO Marc Benioff sees India as the focal point of the global economy, calling it the "Indian era". Speaking at the company's annual 'Dreamforce' event, Benioff expressed enthusiasm about the opportunities Salesforce has in India, where it has made significant investments. The company currently employs over 11,000 people in India and expects to generate $38 billion in revenue by 2025. Benioff also praised former State Bank of India chairperson Arundhati Bhattacharya, who now leads Salesforce's operations in India. At the same event, Salesforce launched 'Agentforce', an autonomous AI tool designed to simplify business functions.
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Why your GenAI investments must start with optimizing cloud strategy
Techradar
·
1y ago
Medial
Generative AI is gaining popularity and is expected to attract significant investments in the coming years. In the financial sector, there is a cautious approach to implementing generative AI, but it has the potential to redefine banking models and improve customer interactions. Cloud technology is crucial for leveraging the benefits of generative AI, as it provides the necessary computing power, security measures, scalability, and data management capabilities. While many financial firms have started their cloud journey, a significant number have not migrated core business applications, leading to a disjointed user experience. To successfully adopt generative AI, organizations must focus on outcomes, acquire the right skills, and establish strategic partnerships with cloud solution providers.
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Microsoft's AI investment stabilizes its cloud business
Economic Times
·
1y ago
Medial
Microsoft reported strong sales in its latest quarter, demonstrating that its corporate customers are increasing spending in the uncertain economy. The results also showed that the company's investments in generative artificial intelligence were beginning to boost sales, particularly in the cloud computing sector. Microsoft's revenue for the quarter was $56.5 billion, a 13% increase from the previous year, with a profit of $22.3 billion, up 27%. The company's investments in generative AI, including its partnership with OpenAI, contributed to the growth in the cloud computing product Azure, which saw a 29% increase.
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Hitachi, Microsoft plan for multibillion-dollar AI partnership
Livemint
·
1y ago
Medial
Hitachi and Microsoft have announced a partnership to promote the adoption of generative artificial intelligence. Through the collaboration, Hitachi will integrate Microsoft Cloud and GitHub Copilot into its Lumada business, aiming to generate $18.9 billion in revenue from Lumada in the current fiscal year. Microsoft has been making significant investments in Asia, with plans to invest in cloud and AI infrastructure in Malaysia, Indonesia, and Thailand. Hitachi also intends to invest $1.92 billion in generative AI by fiscal 2024. The two companies have been working together on digital solutions for manufacturing and logistics.
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AWS expanding AI offerings, developing dedicated industry solutions
YourStory
·
3m ago
Medial
AWS is expanding its AI offerings, particularly generative AI and cloud solutions, tailored for different use cases. At the AWS Summit, AWS India and South Asia's Solution Architecture Head, Satinder Pal Singh, highlighted investments enabling Indian businesses to innovate and grow. AWS has enhanced its services with Amazon Bedrock and Amazon Nova for multimodal intelligence. The transition to AI-driven work necessitates upskilling, and AWS has trained 5.9 million Indians in cloud skills since 2017.
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Tech giants jockey for position at dawn of AI age
Economic Times
·
1y ago
Medial
Silicon Valley's tech giants are vying for dominance in the generative AI market. Companies like Google, Microsoft, and Meta have trained their own large language models for generative AI. Cloud service providers such as Azure, AWS, and Google Cloud are starting to monetize AI, but the costs are still high. Nvidia has benefited from its investment in graphics processing units (GPUs), while Intel is catching up in developing powerful chips for AI processing. Amazon is emphasizing its Bedrock service for building generative AI applications. Even Apple is investing in generative AI, particularly for its digital assistant Siri.
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TCS Reshapes AI & Cloud Division for Growth Surge; Krishna Mohan to Wheel Cloud Operations
StartupTalky
·
2m ago
Medial
Tata Consultancy Services (TCS) has reorganized its AI and Cloud division into two separate business units to enhance growth in the AI cloud industry. Krishna Mohan will lead the cloud operations, while Satish Byravan and Ashok Krish will head data and AI globally. The division aims to leverage generative AI and cloud computing for increased business value. TCS is focusing on hiring AI specialists and retraining existing staff to exploit untapped AI and cloud market potentials.
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Adobe to automatically move subscribers to pricier, AI-focused tier in June
Arstechnica
·
2m ago
Medial
Adobe is increasing subscription prices for its Creative Cloud All Apps plan to integrate new generative AI features. The plan, now called Creative Cloud Pro, will cost $70 monthly, rising from $60, with similar price changes for other subscription tiers. Adobe's changes aim to support AI advancements but have sparked customer dissatisfaction, reminiscent of similar moves by Canva. The new features include AI-supported tools across Adobe apps and increased generative credits, while offering a cheaper, less feature-rich Creative Cloud Standard plan.
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