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Subscribe to enjoy similar stories. Bengaluru: Wipro Ventures’ new co-managing partner Ali Wasti is expected to drive a deeper focus on artificial intelligence at the $500-million corporate venture arm of Wipro Ltd. The investment firm recently appointed Wasti, a veteran investor in deep-tech startups, to replace Venu Pemmaraju, who retired from the company last week.

IBM closed the buyout of Confluent, a US-based data streaming company. At $11 billion, this is IBM’s second-largest acquisition in recent years, after the Red Hat buyout in 2019 for $34 billion. The deal is expected to help IBM boost Agentic AI capabilities.As companies shift from AI pilots to production, they struggle with fragmented data.

shaped by AI, by new workflows and by entirely new forms of expression. Adobe has never waited for the future to arrive. We’ve anticipated it.

Mint on 19 February.Concerns around the death knell for the IT services sector comes after India’s $283 billion IT sector lost at least $45 billion in market value in the first six weeks of this year.The knee-jerk reaction came after OpenAI’s GPT 5.3-Codex and Anthropic’s Claude 4.6-Cowork demonstrated abilities to automate tasks such as sales invoicing, legal processes and more, which is handled by TCS, Infosys, and HCLTech. Shares of these IT firms fell 10-14% in five days, after Anthropic and OpenAI’s launches.Still, like Altman, many believe that AI could actually lead to being a new growth vector for IT services.“Enterprises won’t splurge on AI until they see clear business returns, and for them, the big takeaway will be to ensure that it works with legacy systems and gives actual benefits—none of which should kill the middleware layer of technology firms,” Ana Paula Assis, senior vice-president and chair for Europe, Middle East, Africa and Asia Pacific at IBM, told Mint.On 9 February, analysts at brokerage firm Investec also argued in favour of the tech outsourcers, and said they “should benefit from legacy code modernization, migration of legacy SaaS (software as a service) applications, building AI foundation layers for enterprises and physical AI, among other opportunities.”On 15 February, analysts at Kotak Institutional Equities also questioned if OpenAI and Anthropic’s advancements were hyped more than what there were worth.“Benchmarking results (of AI models) aligned more with incremental improvements rather than a large step-up in capabilities.

New Delhi: Global tech giant IBM is sharply focusing on increasing its role in the Indian technology ecosystem, with a targeted three-year plan to offer generative AI-based services and integration especially for public services.In an interview with Mint, Ana Paula Assis, the company’s chairperson for Asia-Pacific, Middle-East and Africa, said IBM views India’s enterprise and public-sector use cases as large business opportunities.“The public sector is one of the biggest opportunities for deployment of AI. There’s no denying that AI is a transformational technology, but enterprises are so far not spending extensively on AI because they are still waiting and watching the technology.

Subscribe to enjoy similar stories. In 1985, IBM was America’s most valuable company, one of its most profitable, and among its largest employers, with a payroll of nearly 400,000. Today, Nvidia is nearly 20 times as valuable and five times as profitable as IBM was back then, adjusted for inflation.

Subscribe to enjoy similar stories. A recent IBM survey of 2,000 executives on their expectations for artificial intelligence in 2030 revealed something noteworthy. They unsurprisingly predict that AI investment will surge (from already high levels) and that 79% expect AI will contribute significantly to their revenue.

Subscribe to enjoy similar stories. Ever wonder why Germans seek perfection, Japanese pursue miniaturization and waste reduction, Americans are fussy about services and Indians settle for improvisation and what’s good enough? Is it something to do with where you reside? With pervasive technologies, affordable means of communication, maturing labour and capital markets and instant information dissemination, one may think that geography has become history, that who you are trumps where you are. But is it that simple? Or is geography destiny? “Who we are cannot be separated from where we’re from," notes writer Malcolm Gladwell.

Subscribe to enjoy similar stories. Plans to upgrade India’s lone state-owned chip fabrication unit have picked up pace, with the Centre meeting 35 companies last month in a bid to evaluate their roles in a potential deal that is worth ₹4,000 crore.

AI cloud provider, is making waves with its highly anticipated IPO filing. But buried within the excitement of its rapid growth is a startling revelation: one customer alone drives more than half of the company’s $1.9 billion in revenue, as per a report.

Tata Consultancy Services (TCS) is setting up a 37-acre campus at Kinfra electronics manufacturing cluster in Kochi that is likely to add around 10,000 jobs, official sources told ET.

TRIL Tower, developed by Tata Realty, two people familiar with the matter told ET.

top AI stocks at Wall Street, including the likes of Nvidia, Google, Meta and others. Even though the overall stock market is not doing so great in the recent weeks, as per reports, the AI-backed stocks are helping the market stay at an upward trend, and keeping the S&P 500 at a neutral level.

Subscribe to enjoy similar stories. Quantum computers are still in their infancy, but we don’t have to wait until they grow up to get a glimpse of the difference they will make. That means companies racing to keep up with artificial intelligence will need to contend with yet another emerging area of change much more quickly than some quantum timelines suggest.

Subscribe to enjoy similar stories. Companies in India are increasing diversity hiring for roles ranging from software development to mechanical engineering as they try to come across to investors and the public as forward-thinking entities with good corporate governance norms. Placement officers from at least four colleges in India have hinted that diversity hiring for the batch of 2025 has risen from last year, in addition to the general recruitment of engineering students.

The French multinational and its non-profit partner organisation were keen to digitise both natural and man-made features from aerial imagery of desert terrain. So they turned to artificial intelligence (AI) for assistance. Given the vast geographical regions involved, they sought out automated methods to identify and track roads, tracks and trails. In a bid to spur AI-led innovation internally, large technology companies are not just training their employees in AI but also encouraging various teams to come up with use cases and deploy the technology in their verticals.

Subscribe to enjoy similar stories. Thomas Eugene Kurtz, a pioneer in computer science whose vision of accessible computing transformed education and technology, passed away on 12 November at the age of 96. Kurtz’s enduring contributions reshaped how the world interacts with computers, empowering generations of programmers and hobbyists (shorturl.at/2tnHc).

IT firms are increasingly snapping up Indian startups at a time when the startup ecosystem is amid a funding crunch. Several of the acquired firms are working in the segments of AI, semiconductor, data and analytics and spacetech among others. Most of them are making acquisitions to strengthen their capabilities so that they do not miss out when technology spending, especially in discretionary spends, returns, say analysts. Big IT firms such as Accenture, Infosys and IBM along with many midcaps like Persistent, Cyient, Global Logic and others have recently acquired smaller Indian firms working in cutting-edge technologies. This month, IBM acquired a Bengaluru-headquartered software-as-a-service (SaaS) startup Prescinto for an undisclosed amount. Later in the month Hyderabad IT engineering service provider Cyient acquired 27.3% in US based Indian startup Azimuth AI for $7.25 million. The acquisition will expand Cyient’s capabilities across the semiconductor industry.

Wall Street drifted to a mixed finish after Tesla surged and IBM slumped following their latest profit reports

Since going on strike last month, Boeing factory workers repeated one theme from their picket lines: They want their pensions back

Wall Street is drifting as a sharp drop for IBM helps cancel out a surge for Tesla