All articles by Shivam Mishra
Shivam Mishra
TCS opens new AI-driven delivery centre in France
The new facility will utilise technologies such as AI, generative AI, machine learning, and data analytics to support customers in aerospace and related industries.
OpenAI’s o3 mini AI model is set for launch
The company announced it was testing advanced reasoning models, o3 and o3 mini, designed to address more complex tasks compared to earlier iterations.
Starboard Value acquires 7.7% stake in chipmaker Qorvo
The acquisition comes as Qorvo grapples with stiff competition and slowing orders for its smartphone chips.
IBM to buy Oracle consultancy, and partner with L’Oréal
The acquisition aims to enhance IBM’s Oracle solutions across North America, the UK, and Ireland, addressing complexities in public sector cloud transformations.
China launches probe into US chip subsidies
The probe reflects Beijing’s response to US restrictions on China’s semiconductor industry.
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Accenture and Telstra to form data and AI joint venture
The JV will be 60% owned by Accenture and 40% by Telstra, an Australian technology and telecommunications company.
Synthesia secures $180m for AI video expansion
London-based Synthesia’s platform uses generative AI software to create avatars for various enterprise video content purposes.
Microsoft pauses hiring in US consulting unit
In addition, the consulting unit plans to reduce its marketing and nonbillable external resource spending by 35%.
Meta to lay off 5% of workforce amid AI investments
By September 2024, Meta’s workforce stood at approximately 72,000 employees, meaning a 5% cut could impact around 3,600 positions.
EU approves Synopsys $35bn Ansys acquisition under conditions
The deal, announced in January 2024, involves Synopsys acquiring Ansys, but requires divestitures to address competition concerns in specific software markets.