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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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TCS partners with Google Cloud to launch AI-powered cybersecurity solutions
IndianStartupNews
·
11m ago
Medial
TCS has expanded its partnership with Google Cloud to provide two cybersecurity solutions. The TCS Managed Detection and Response (MDR) solution, powered by Google's Security Operations platform, aims to reduce the time required to identify and respond to threats. The TCS Secure Cloud Foundation leverages Google Cloud's security solutions to strengthen cloud security posture and governance. TCS and Google Cloud will also leverage Google Cloud's AI-powered security portfolio, focusing on threat intelligence, security operations, and cloud security. The partnership aims to help enterprises enhance cyber resilience and adhere to regulatory compliance.
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TCS partners with Denmark's Salling Group for IT transformation, AI-based cloud migration
Economic Times
·
1m ago
Medial
Tata Consultancy Services (TCS) has partnered with Denmark's Salling Group for a long-term strategic collaboration focused on digital transformation and AI-based cloud migration. The alliance covers 2,100 stores and 68,000 employees across various countries, including brands like BR, Carl's Jr., Starbucks, and multiple grocers. TCS will enhance Salling Group's operations by improving cloud adoption, ecommerce platforms, and operational efficiency with AI-enabled solutions, aligning with Salling's "Aspire 28" strategy for expansion.
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TCS launches SovereignSecure Cloud for government, public sector enterprises
YourStory
·
3m ago
Medial
TCS announced the launch of the TCS SovereignSecure Cloud, an indigenous and secure cloud solution for government and public sector enterprises in India, aiming to enhance data sovereignty and AI capabilities. Alongside this, the company introduced the TCS DigiBOLT platform and its Cyber Defense Suite to support digital innovation and cyber resilience in India. These offerings underline TCS's commitment to supporting India's digital growth through solutions tailored to the country's unique needs.
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Amazon posts AI-fueled cloud, ecommerce growth, shares jump
Economic Times
·
1y ago
Medial
In a recent report, Amazon announced a surge in its business growth, fueled by its AI-powered cloud and e-commerce platforms. The company's shares saw a significant jump following the news. Amazon's robust technology infrastructure, including artificial intelligence, has played a crucial role in the expansion of its e-commerce operations and cloud services. This growth further solidifies Amazon's position as a leader in the tech industry.
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Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
Economic Times
·
1y ago
Medial
Amazon.com Inc reached a market value of $2 trillion for the first time, making it the fifth U.S. company to achieve this milestone. The surge in the value of the e-commerce giant's stock was driven by optimism surrounding artificial intelligence and potential interest rate cuts. Amazon's shares have risen over 26% this year, fueled by the growth of its cloud services division, Amazon Web Services, and investments in AI startups. The company also unveiled custom-designed chips to cater to the growing demand for machine learning and AI applications.
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Microsoft’s mass layoffs come despite a streak of profitable quarters
Economic Times
·
2m ago
Medial
Microsoft has laid off about 6,000 employees, representing nearly 3% of its workforce, despite strong financial performance. This move, the largest in over two years, affects mostly software engineering and product management roles, particularly in Washington. The layoffs aim to streamline operations, focusing on reducing management layers. Despite robust sales and profits, including growth in its Azure cloud division and investment in AI, Microsoft follows a broader industry trend of optimizing operations for long-term efficiency.
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US Court orders TCS to pay $194 million penalty for misappropriation of trade
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) has received an adverse judgement from the United States District Court, Northern District of Texas, Dallas Division. The case was brought by DXC Technology Company (formerly Computer Sciences Corporation), alleging misappropriation of trade secrets by TCS. The court ruled that TCS is liable for a total of $194.2 million in damages and has imposed injunctions and other reliefs against the company. TCS plans to counter the ruling through a review petition or appeal. The company believes that the judgement will not significantly impact its financials and operations.
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Growing list of Indian-origin CEOs at top firms impresses Elon Musk
Economic Times
·
1y ago
Medial
At present, Micron Technology is led by CEO Sanjay Mehrotra, Adobe is headed by CEO Shantanu Narayen, Microsoft is overseen by Chairman and CEO Satya Nadella, Alphabet and Google are under the leadership of CEO Sunder Pichai, Zscaler, a cloud security company, is managed by CEO Jay Chaudhry, IBM is led by CEO Arvind Krishna, YouTube's CEO is Neal Mohan, and NetApp is helmed by CEO George Kurian, representing some of the prominent figures in the tech industry.
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TCS sets the bar: Merges AI and cloud businesses to form Ai.Cloud
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) has merged its artificial intelligence (AI) and cloud businesses into a new entity called Ai.Cloud. This move allows TCS to focus on innovation and client-centricity in the digital transformation space. Siva Ganesan, a TCS veteran, will lead the new unit. The consolidation aims to enhance efficiency and offer seamless integration of AI and cloud solutions to clients. TCS, a major player in the IT industry, closed FY24 with revenues of $29.1 billion. This strategic shift may influence other Indian IT companies to follow suit.
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SAP to create new board division focused on cloud growth
Economic Times
·
1y ago
Medial
SAP announced the creation of a new executive board division dedicated to accelerating cloud growth. Led by Thomas Saueressig, the division aims to enable customers to embrace continuous innovation in the cloud. In addition, Muhammad Alam will join the executive board, taking over from Saueressig and being responsible for SAP's product engineering.
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