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• Microsoft offers cloud customers AMD alternative to Nvidia AI processors

  Microsoft's clusters of Advanced Micro Devices' flagship MI300X AI chips will be sold through its Azure cloud computing service. AMD, which expects $4 billion in AI chip revenue this year, has said the chips are powerful enough to train and run large AI models.

  

• What will drive BFSI in the next 5 years?

  There will be geopolitical and socioeconomic challenges, and inflation will also remain a key issue. I see banks' margins moderating and insurance premiums going up. I would love to see more success stories of fintechs and more Indian banks in the top global lists. I don’t see any further consolidation of PSU banks but there could be consolidation in PSU insurance. More companies will enter the insurance sector as more than 20 licences are up for IRDAI approval.

  

• Absolutely convinced corporates are more ethical today: Azim Premji

  Premji exhorted companies to come together and contribute to the larger good of society and its people. The doyen of the tech industry further said that in his view, the older generation in wealthy and affluent families "probably gave much more to charity".

  

• Manufacturing, retail sectors to join tech hiring wave: Report

  Quess Corp's 'Annual Digital Skills Report FY24' highlights tech hiring trends in manufacturing, retail & healthcare sectors. It covers high demand for various tech skills, including cloud computing, cybersecurity, analytics, and the impact on different industries like finance, automotive, and retail. The report also emphasizes the digital revolution in the healthcare sector.

  

• Wipro partners with Intel Foundry for chip innovation tech

  This partnership between Wipro and Intel Foundry aims to address the rising demand for artificial intelligence (AI) chip manufacturing as companies across the world fight to release generative AI-enabled products.

  

• Soft skills and AI proficiency are crucial for work

  Techies worrying about their prospects in the era of AI should develop soft skills that will help them excel at work -like communication, collaboration, and leadership qualities.

  

• Wipro's Pallia to moderate AI ‘crowdsourcing’ session with staff

  In what might also be considered crowdsourcing of ideas, new CEO Srinivas Pallia will moderate a virtual session for staff on June 12 on ways to develop strategies to help clients in artificial intelligence.

  

• OpenAI partners Reddit to train its AI on users' posts

  ChatGPT maker OpenAI has inked a deal with Reddit to train its artificial intelligence (AI) models on users' posts on the popular community discussion platform.

  

• The sooner the better

  AI, including GenAI, is swiftly becoming integrated into mainstream operations worldwide, offering significant opportunities to those who adopt it, says Dell Technologies India President & MD Alok Ohrie in this Q&A.

  

• Welspun Corp appoints Swapnil Jugade as CIO-IT & Digital

  Swapnil Jugade will lead technology operations across the company's diverse businesses, including pipes, tubes, steel bars, Sintex, and shipyards in India and the USA.

  

• Agile pods 2.0: Powered by GenAI

  To take full advantage of the potential offered by GenAI in software development, many software development teams are reshaping their agile pod structures and defining new specialized roles.

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• India surpasses major APAC countries in data center capacity

  India is likely to record the highest capacity addition of ~850 MW during the 2024-2026 period, higher than major APAC countries.

  

• 86% of executives globally have already deployed AI to enhance revenue

  Over 98 out of 10 (86 per cent) of senior business leaders globally have already deployed artificial intelligence (AI) to enhance existing revenue streams or create new ones, a new report revealed on Wednesday.

  

• India well positioned as shift to AI happens: Google CEO Sundar Pichai

  Pichai, who is also the chief executive of Alphabet, Google's parent company, was talking a day after announcing several of Google's innovations in his keynote address at Google I/O connect, the company's annual developer conference.

  

• Meta to shut Workplace app to focus on AI, metaverse

  Workplace will be shuttered starting June 2026 for customers but Meta will continue to use it as its internal messaging board, the company said, adding users can continue to access the product until August 2025.

  

• We are harmonizing tech with human-centric values: Ratan Kesh, Bandhan Bank

  In an interview with ETCIO, Ratan Kesh, Executive Director & COO, Bandhan Bank shares how they are managing, bolstering, and deriving value from the marriage of digital and financial inclusion.

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• How tax is driving value through GenAI

  GenAI offers tax professionals enhanced ability to deliver timely, accurate compliance and transparency to various stakeholders. Its potential to streamline the time spent on sifting through voluminous information and regulations will sharpen our focus on strategic decision-making.

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• Amazon cloud division head unexpectedly steps down

  The head of Amazon's AWS cloud computing business, Adam Selipsky, who was helping lead the company's expansion into AI, told workers he was stepping down Tuesday.in an interview on April 13 that AI has not replaced any of the cloud platform workers.

  

• 68% Indian firms rely on tech to drive sustainability success: Report

  According to the report by IT infrastructure services provider Kyndryl, in collaboration with Microsoft, about 56 per cent of Indian organisations leverage digital tools for hybrid work strategies, and 55 per cent use artificial intelligence (AI) and automation to improve efficiency, reduce environmental footprint and build sustainable operations.

  

• HDFC Bank says 6-7 % of overall annual expenses are on tech

  It can be noted that HDFC Bank was the first major lender to be slapped with business restrictions like a pause on issuing new credit cards and also launching new online products over two years ago.