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Subscribe to enjoy similar stories. The golden age of unbridled spending on AI software might be behind us, as vendors say it’s a lot harder to make a sale than it used to be. Last year represented something of a boon era for vendors pedaling AI apps.

Subscribe to enjoy similar stories. New Delhi: India’s AI Impact Summit, which opened on Monday with a series of high-level industry dialogues, is expected to boost funding and global collaboration opportunities for the country’s private enterprises, shifting focus away from a potential policy consensus among participating nations.

Subscribe to enjoy similar stories. It is becoming ever more common for bosses to talk up their artificial-intelligence efforts while wielding the axe. Last month Enrique Lores, chief executive of hP, said that the computer manufacturer would cut around 5,000 jobs within three years as it embeds “AI in everything we do".

Subscribe to enjoy similar stories. Cybersecurity startups in India have attracted capital in the past couple of months, indicating that the sector might be on its way to maturing, led by the growth of new threats brought about by advancements in artificial intelligence. In addition, foreign cybersecurity firms are opening shop here or expanding their offerings in a market that is poised for growth.

Subscribe to enjoy similar stories. The enterprise software industry gods have spoken and declared “AI agents" to be the next big thing. The only problem: There’s confusion on what they are.

Subscribe to enjoy similar stories. All emerging technology needs to deliver on its promise, sooner or later. For AI agents, that time is now.

Subscribe to enjoy similar stories. The artificial intelligence (AI) treadmill is moving at a very rapid pace, disrupting even established tech companies in its wake. The latest example is that of DeepSeek AI, a Chinese AI startup that has rattled US tech stocks and global stock markets, even tanking the value of AI posterboy Nvidia Corp.

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The year ahead for Canadian employees was foretold by a front page article on Dec. 31 in the Wall Street Journal, discussing the massive downsizing of middle management.

Subscribe to enjoy similar stories. Artificial intelligence agents have emerged as one of the most exciting aspects of generative AI for business because they take chatbots to the next level, performing complex tasks without help from humans. These autonomous AI agents can follow instructions and do things from checking a car rental reservation at the airport to screening potential sales leads.

Gartner IT Symposium/Xpo from November 11, Kerala’s Industries, Law & Coir Minister P Rajeeve said as part of the southern state’s efforts to drive investments in the emerging areas of technology. The event, the minister told ET, would showcase his state’s spirit and reputation as a welcoming destination for businesses. “Kerala has rapidly emerged as a magnet for global conferences and high-impact events, thanks to its business-friendly environment, robust infrastructure, and forward-looking policies that support growth in technology and sustainable development,” he said. The CIOs and IT executives from leading companies, while in Kochi, would also experience Kerala’s culture of tradition and innovation as they explore the latest trends and strategies in IT and digital transformation, Rajeeve said.

Subscribe to enjoy similar stories. Central government support to upcoming semiconductor assembly and testing factories is set to shrink by more than half, in a development that experts say signals a shift towards prioritizing greater value-added offerings instead.

Alphabet-Wiz deal with interest was the potential fillip it could provide to M&A deals. According to a June report by consulting firm PwC, the number of M&A deals fell by 25% in the first half of 2024, compared to the year-ago period, a downward trend that began in 2022. "The daunting combination of high interest rates, current valuations and political uncertainty has been a showstopper for many deals," it said.

commercial messaging market is expected to more than double to $3.2 billion by 2028 from $1.3 billion in 2023, with global advanced messaging channels such as Google's RCS (rich communication services) and Meta's WhatsApp Business intensifying their competition for a bigger share of this growing market. WhatsApp currently has a head start over Google's RCS with some enterprises saying they have deployed a majority of their messaging on that platform. However, both are set to reach a combined market of $1.6 billion and capture 50% of value share of India's commercial messaging market, according to research firm Gartner. While basic messaging channels in India such as SMS are set to grow at an annual rate of 12% through 2028, advanced channels such as RCS and WhatsApp will grow at 58% at the fastest pace for any country globally, Gartner said. «Globally, while basic messaging is set to grow at a modest 4.2%, advanced messaging is scaling in double digits at 34.4%,» said Pankil Sheth, industry research analyst at Gartner.

A Maryland board led by Gov. Wes Moore has approved a $50.3 million emergency contract with a company that removed debris from the March collapse of the Francis Scott Key Bridge

Samsung is dressing up its wearable devices in technology’s latest fashion — artificial intelligence

Goldman Sachs will finish rolling out its first generative artificial intelligence tool—for code generation—to thousands of developers across the company by the end of the month. Chief Information Officer Marco Argenti said the company’s approach to generative AI involved centralizing all proprietary uses of the technology on an internal platform, and restricting them elsewhere. “It might have slowed us down initially, but then we definitely gained a lot of velocity afterwards," Argenti said.

German businesses are increasingly experimenting with artificial intelligence to become more productive, but some caution the gains the technology promises could be years away. From automating processes to optimizing supply chains, German companies are resorting to AI tools for a growing range of functions. The technology is expected to make work more efficient by cutting repetitive tasks and freeing employees up for new, higher-value jobs.

DD Mishra, VP Analyst, Gartner, says, “in 2024-25, we see that AI-led growth is going to come and AI has to play a very critical role. In 2023, AI spending was around $3.5 billion, but we are expecting that this thing is going to grow in 2024-25 significantly. There are other challenges and CIOs are struggling and in this situation, they take a lot of consulting support as well because they do not know what they do not know and this is where they depend on the consulting services which has been growing significantly. We will see disruptions in the short term, but the long term outlook is positive.” Just wanted to get a sense from you with respect to the earnings read through and the commentary that we have heard from the management of the Indian IT majors. It lacks the confidence that a recovery is around the corner. They are still non-committal about it. However, the forecasts coming in from Gartner have been improving consistently. What kind of outlook are you witnessing with respect to client spends, discretionary spends and the pace of ordering. DD Mishra: The way we look at it, there are two perspectives of it. One is the larger perspective where we see how the next four to five years are going to change around IT and that looks quite promising because we see that in 2025, 2026 and 2027, we are going to see double-digit growth and there is no cause of concern as of now.

Microsoft has reported that its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive