Artificial Intelligence (AI) holds transformative potential for Micro, Small, and Medium Enterprises (MSMEs), offering tools to overcome financial hurdles, streamline operations, and drive growth. Experts emphasize that AI is not merely a futuristic luxury but a practical solution that can substantially benefit MSMEs in India, a sector crucial to the nation’s economy.
AI’s Role in Transforming…
InMobi, the SoftBank-backed consumer technology firm, has announced it has raised $100 million in debt financing from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. This funding will be allocated to advance InMobi’s artificial intelligence (AI) technology and to explore potential AI-focused acquisitions.
The company, which is preparing for a potential listing in India…
Sergey Brin, co-founder of Google, has returned to the tech giant and is heavily involved in its artificial intelligence (AI) initiatives. Brin confirmed his return during a fireside chat at the All-In Summit, where he discussed his role in advancing Google’s AI efforts and the company’s approach to building a more unified AI model.
Brin, who stepped down as president of Google’s parent…
Zee Entertainment Enterprises Ltd (ZEEL) has announced the appointment of Shiva Chinnasamy as its new Chief Technology and Product Officer, effective September 2. Chinnasamy will lead the company’s Technology & Innovation Centre (TIC) in Bengaluru, focusing on leveraging data, artificial intelligence (AI), and machine learning (ML) to enhance consumer experiences and support ZEEL’s strategic…
Mumbai’s Miko, a robotics startup renowned for its emotionally intelligent robots, has achieved a significant milestone with its latest funding round. The company, operating under the Emotix brand, has raised ₹20.5 crore (approximately $2.5 million), propelling its valuation to over $206 million. The funding was led by a consortium of angel investors alongside fintech company Moneycrew…
India’s Eros Investments, through its Immerso AI-IP unit, is set to invest $1 billion in Malaysia to develop a state-of-the-art artificial intelligence park and movie studio, according to a statement from Malaysia’s digital ministry on Thursday.
The ambitious project will include the establishment of an AI university and a data center within the park. This significant investment is anticipated…
LG Electronics Inc. is contemplating an initial public offering (IPO) for its India business as part of its strategy to achieve a $75 billion revenue target by 2030. This marks the first time the South Korean company, which competes with industry giant Samsung Electronics Co., has publicly discussed the possibility of listing its Indian operations.
CEO William Cho revealed that an Indian market…
Cisco Systems (CSCO) has announced it will cut about 7% of its workforce as part of its strategic shift towards high-growth sectors such as cybersecurity and artificial intelligence (AI). This decision follows a previous reduction of 5% in February, affecting around 4,250 employees.
In its fiscal fourth-quarter report, Cisco reported revenue of $13.6 billion, marking a 10% decrease year-over-year…
In a decision that now appears prescient in hindsight, Intel, once a leading force in the computer industry, opted against investing in OpenAI, a move that has contributed to the chip giant’s struggle to stay relevant in the rapidly evolving AI sector. The choice not to back OpenAI has had significant repercussions, especially as the field of artificial intelligence has surged forward, fueled by…
Evan Sharboneau, the dynamic founder of SharboTech, is making waves in the technology sector with his groundbreaking advancements in artificial intelligence (AI) and machine learning. As a visionary tech entrepreneur, Sharboneau has positioned his company at the forefront of the digital revolution, driving significant progress in how we interact with technology.
Revolutionizing AI and Machine…
