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India's TCS becomes first global systems integrator partner for Mistral Forge
IndianStartupNews
ยท
25d ago
Medial
Tata Consultancy Services (TCS) has announced a strategic partnership with French AI company Mistral AI, as companies look to move AI projects from trials to wider business use.
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Related News
Mistral and Helsing partner on AI-driven warfare solutions | Mint
Livemint
ยท
1y ago
Medial
Mistral and Helsing, two European startups, have partnered to integrate AI into military technology, enhancing defence systems with improved environmental analysis and communication for better decision-making. Helsing, based in Germany, works on drones and Eurofighter jets, while Mistral, a French firm, competes with AI giants like OpenAI. This collaboration signals an increased acceptance of AI in defence, aligning with global trends as AI firms partner with defence contractors despite debates over AI restrictions.
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Tata Consultancy Services Becomes First Indian IT company to breach $20 billion in brand value
OutlookIndia
ยท
1y ago
Medial
Tata Consultancy Services (TCS) has become the first Indian IT company to exceed $20 billion in brand value, with a valuation of $21.3 billion according to Brand Finance's 2025 rankings. This represents an 826% growth over 15 years. TCS attributes its success to its AI-driven solutions and customer-centric approach, positioning itself as a trusted global partner. India's IT sector ranks second globally in brand value, a positive sign for its continued growth in the industry.
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Global South Nations Tapping Indiaโs Experience To Build DPI Ecosystem: Bill Gates
Inc42
ยท
1y ago
Medial
Bill Gates praised India as a global leader in innovation, particularly in sectors like technology, healthcare, and agriculture. He specifically highlighted India's digital public infrastructure (DPI) and how other countries are using India's expertise to build their own DPI systems. This recognition comes as India becomes the world's third-largest fintech economy, driven by the adoption of digital payment systems and other financial services facilitated by DPI.
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India's Bharat Forge signs MoU with Germany-based Agile Robots for AI-driven robotics and automation
IndianStartupNews
ยท
5m ago
Medial
India's Bharat Forge and Germany's Agile Robots have signed an MoU to collaborate on AI-driven robotics and automation for civilian manufacturing sectors like automotive and healthcare. The partnership aims to develop and deploy advanced automation solutions, emphasizing vision- and AI-based robotic systems. This initiative will create bespoke applications for India and Southeast Asia markets, enhancing precision and efficiency in production systems. The collaboration strengthens both companies' focus on innovative industrial automation advancements.
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Tata's data centre business signs up OpenAI as customer - The Economic Times
Economic Times
ยท
4m ago
Medial
Tata Consultancy Services' data center business has signed OpenAI as its first customer, starting with 100 megawatts of capacity as part of the global AI infrastructure initiative, Stargate. This deal is a boost for TCS, which plans up to a $7 billion investment in India's data centers. Concurrently, Tata Group plans to deploy ChatGPT Enterprise company-wide over several years, highlighting India's growing AI infrastructure involvement. OpenAI is ChatGPT's parent company.
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TCS to take $125 million hit to Q3 earnings over US lawsuit
Livemint
ยท
2y ago
Medial
Tata Consultancy Services (TCS) announced that it will set aside $125 million in its third-quarter results for a trade secret lawsuit filed by EPIC Systems. The US Supreme Court rejected TCS' appeal against a previous verdict, upholding an order for $140 million in punitive damages. EPIC Systems had accused TCS of stealing its intellectual property while implementing healthcare software.
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IT jobs FY24 review: Headcount crashes by 63,759 in TCS, Infosys, and Wipro
Livemint
ยท
2y ago
Medial
India's top IT companies Tata Consultancy Services (TCS), Infosys, and Wipro have reported a decrease in their total employee headcount for the fiscal year 2023-24 (FY24). This is the first time all three companies have seen a full-year drop in headcount. The decline in headcount is attributed to weaker global demand and falling discretionary spending. TCS reported a 13,249 drop in headcount, Infosys reported a 25,994 drop, and Wipro reported a 24,516 drop for FY24. The companies also reported a sequential decline in attrition rates. Analysts expect near-term weakness in revenue growth but anticipate a stronger outlook for FY25.
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Mistral AI makes its first large language model free for everyone
TechCrunch
ยท
2y ago
Medial
French AI startup, Mistral, has released its first language model, Mistral 7B, which it claims outperforms others in its size. The model is available for free download and use, without any restrictions, under the Apache 2.0 license. Mistral aims to support the open generative AI community and bring open models to state-of-the-art performance. While the model is free, Mistral also offers a paid commercial offering, providing white-box solutions with access to weights and code sources.
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Semiconductor Push: TCS Goes Full Throttle In Indian Chip Roll Out
Inc42
ยท
1y ago
Medial
Tata Consultancy Services (TCS) is collaborating with Tata Electronics to launch India's first domestically made chips by 2026. TCS has expertise in chip fabrication and will work alongside Tata Electronics in this venture. Tata Electronics has been forging partnerships with international companies and countries to secure semiconductor chips throughout the year.
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India's TCS says none of its systems were compromised in M&S hack
Economic Times
ยท
1y ago
Medial
Tata Consultancy Services (TCS) confirmed that none of its systems or users were compromised in the cyberattack that impacted customer data at Marks & Spencer (M&S), a long-term client. The attack, disclosed by M&S in April, will result in a ยฃ300 million loss in operating profit. TCS stated the investigation did not include its systems. Meanwhile, a report suggested TCS would internally investigate if it was a gateway for the breach.
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