Software Financial News

A German court says former Volkswagen CEO Martin Winterkorn will go on trial in September on charges of fraud and market manipulation linked to the automaker’s diesel emissions scandal

Investing.com-- Apple Inc (NASDAQ:AAPL) is in talks with Alphabet Inc's (NASDAQ:GOOGL) Google to use the latter's Gemini generative artificial intelligence to incorporate AI features into its flagship iPhones, Bloomberg reported on Monday.

«From taking showers to using toilets and washing clothes, we are taking turns to do everything,» she said. It's the only water they can afford. A resident of Ambedkar Nagar, a low-income settlement in the shadows of the lavish headquarters of multiple global software companies in Bengaluru's Whitefield neighborhood, Muthuvel is normally reliant on piped water, sourced from groundwater. But it's drying up. She said it's the worst water crisis she has experienced in her 40 years in the neighborhood.

artificial intelligence (AI) sending another company’s market value through the roof. Earlier this month the share price of Dell, a hardware manufacturer, jumped by over 30% in a day because of hopes that the technology will boost sales. Days later Together AI, a cloud-computing startup, raised new funding at a valuation of $1.3bn, up from $500m in November.

₹15.2 trillion (market cap) Tata Consultancy Services offers vendors ₹40,000 per candidate over and above their fees, for senior candidates who join in less than 30 days. The urgency to get experienced employees is a sign that markets are probably opening up for the IT services firm. "Incentives will be paid over and above the rate card for the assigned skill and job code.....with experience range of 10-15 years....The overall paid amount (Base rate and incentive) will be recoverable if the candidate leaves the organization in 180 days," said a mail sent to some of the TCS vendors in March seen by Mint.

energy tech startup, chargeMOD, has announced its expansion plans and said it will deploy 1,200 more EV chargers across India and 600 more in Kerala. The company, in an announcement made earlier this week, said it was planning to set up an additional 1,000 slow chargers and 200 fast chargers across various states in India and to establish an additional 500 slow chargers and 100 fast chargers in Kerala. It said this was excluding the existing 1,500 charging stations in Kerala and 2,000 stations across India.

chargeMOD', has announced its expansion plans and said it will deploy 1,200 more EV chargers across India and 600 more in Kerala. The company, in an announcement made earlier this week, said it was planning to set up an additional 1,000 slow chargers and 200 fast chargers across various states in India and to establish an additional 500 slow chargers and 100 fast chargers in Kerala. It said this was excluding the existing 1,500 charging stations in Kerala and 2,000 stations across India. 'chargeMOD' is set to introduce Ultra Fast Chargers with capacities ranging from 120 kW to 340 kW, further enhancing charging speeds and convenience for EV users across the country, the company said in a release.

Investing.com — U.S. equity futures are set to end the week in a subdued manner as investors look forward to next week's Federal Reserve policy-setting meeting. Adobe slumps on weak guidance, while Bitcoin hands back some of its sharp previous gains. 

(Updated — March 15, 2024 11:35 AM EDT)

Palantir (NYSE:PLTR), a company renowned for its defense and intelligence work with the U.S. government, saw its shares surge significantly in February following its stronger-than-expected Q4 earnings report. Palantir stock is already up more than 42% since the beginning of 2024.

Perfios and Lohum raised equity-based funding of over $50 million each this week – a rare feat for companies in the stage, given the slow state of deal-making. The two deals helped push up overall funding numbers by nearly three times to $186.6 million, deployed across 10 deals. This was up 188% from $64.9 million across 32 deals in the same week a year ago – March 9 to March 15, 2023.

Intelliswift Software Inc., a renowned global leader in IT services, is pleased to announce a significant leadership transition aimed at fostering continued growth and innovation. Specializing in delivering Digital Product Engineering, Data Management & Analytics, AI, Cloud, Digital Enterprise, and MSP/VMS staffing solutions, the company is poised for an exciting phase of growth. With immediate effect, Surej KP assumes the pivotal role of Chief Executive Officer (CEO), bringing a wealth of experience and visionary approach to steer the company into its next phase of success, emphasizing a robust growth trajectory.

Adobe's shares fell 12% on Friday as the company's lackluster quarterly forecast raised fears about strong competition and disappointed investors who were hoping for a boost from generative AI integrations. Like other software firms Microsoft and Alphabet-owned Google, Adobe is being watched closely by Wall Street for its ability to make money from AI features that it has rolled out across its creative suite including Photoshop.

Britain’s high court has ruled that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency

credit scores, some of which can lead to misunderstandings about how credit works. For example, when 29-year-old Ajay Jain, a software engineer based in Noida, got a promotion last year to ‘Software Lead’ with a 30 percent salary hike, he assumed that his credit score would also see a spike. Sadly it did not happen.

It was an interview of Nvidia founder Jensen Huang (bit.ly/3PcQSHB) that brought home to me the most profound effect that artificial intelligence (AI) will have: It will teach us how to be human in the age of AI. Omar Al-Olama, AI minister of the UAE, asked Huang what people should learn themselves and educate their kids in this age of AI. Huang gave a counterintuitive answer.

(Reuters) — Smartsheet (NYSE:SMAR) on Thursday provided a revenue outlook that missed analyst estimates, sending its stock down 10%, even after the cloud software seller's quarterly revenue exceeded estimates.

Gulf Oil Lubricants India is looking to acquire charge point operators (CPOs) and companies in intelligent grid technology space as part of a strategy to become a leader in the electric vehicle charging ecosystem, top executives said. «We are looking at the complete value chain. From manufacturing to research and technology,» said Mike Jones, CEO of Gulf Oil International, a London-headquartered Hinduja group firm. «We started from one end of the value chain by manufacturing EV chargers and are now looking to move to the rest as we want Gulf to be around for another 100 years,» he told ET. The intelligent or smart grid technology is a combination of hardware chargers and software to boost efficiency of electrical grids or networks by enabling bi-directional communication. Smart grids allow a car to send energy to various recipients using digital technologies, sensors, and software to better match the supply and demand of electricity in real time.

Autodesk Inc . (NASDAQ:ADSK), a leader in 3D design, engineering, and entertainment software, continues to adapt to a dynamic market environment. The company's strategic initiatives, including a transition to an agency model and a focus on Enterprise Business Agreements (EBAs), have been subject to detailed analysis by financial institutions. These analyses inform the outlook on Autodesk's potential for cRPO (current remaining performance obligations) growth and its competitive positioning within the industry.

Alyssa Nolte, a 33-year-old consultant, was on a somber business call a couple months ago. A client was sharing news about coming layoffs. The client raised her hands and suddenly her screen was filled with balloons.

Bitcoin has expanded its last year’s momentum into 2024, with the BTC price blasting above the $72,000 mark earlier in the week, hence touching a new all-time high for the first time since November 2021.