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SK Group chairman meets with CEOs of Amazon, Intel SK Group Chairman Chey Tae-won has met with leaders of global tech giants, including Amazon and Intel, to discuss ways to broaden business cooperation in artificial intelligence (AI) semiconductors, his company said on Monday. Chey, who has been on a US trip since June 22, held talks with Amazon CEO Andy Jassy at the headquarters of the US multinational technology company in Washington, last week, to explore ways to enhance cooperation in the AI chip sector, according to SK Group. Amazo...
SK Group chairman meets with CEOs of Amazon, Intel
SK Group chairman meets with CEOs of Amazon, Intel
Source: IANS
2024-07-01 03:05:52 pm
Microsoft, KT to jointly develop AI, cloud technologies KT Corp, a South Korean telecom company, said on Tuesday it will join hands with US technology giant Microsoft to develop the local artificial intelligence (AI) and cloud computing industries.  Under the partnership, the two companies will jointly conduct AI and cloud research projects, KT officials said, reports Yonhap news agency "We will do our best to set a milestone in South Korea's digital innovation and swiftly respond to changes in the market through a comprehensiv...
Microsoft, KT to jointly develop AI, cloud technologies
Microsoft, KT to jointly develop AI, cloud technologies
Source: IANS
2024-06-04 09:56:18 am
AMD introduces `Zen 5` Ryzen chips to power next-gen AI PCs Chip-maker AMD on Monday announced next-generation ‘Zen 5’ processors for AI-powered experiences on upcoming desktops and laptops from various manufacturers.  AMD Chair and CEO, Dr Lisa Su, introduced new AMD Ryzen AI 300 series chips with the world’s most powerful neural processing unit (NPU) for next-gen AI PCs. At ‘Computex 2024,’ the company also introduced AMD Ryzen 9000 series processors for desktops to empower gamers and content creators. Bui...
AMD introduces `Zen 5` Ryzen chips to power next-gen AI PCs
AMD introduces `Zen 5` Ryzen chips to power next-gen AI PCs
Source: IANS
2024-06-03 11:23:45 am
Microsoft to invest $1.7 bn in cloud, AI infrastructure in Indonesia Microsoft on Tuesday announced that it will invest $1.7 billion over the next four years in new cloud and artificial intelligence (AI) infrastructure in Indonesia. The company also announced AI skilling opportunities for 840,000 people in the country and support for the nation's growing developer community. This marks the single largest investment in Microsoft's 29-year history in the country. "The investments we are announcing today -- spanning digital infrastructure, s...
Microsoft to invest $1.7 bn in cloud, AI infrastructure in Indonesia
Microsoft to invest $1.7 bn in cloud, AI infrastructure in Indonesia
Source: IANS
2024-04-30 12:17:46 pm
Microsoft ends week with $3.125 tn MCap, becomes most valuable company ever Microsoft ended the week with a market capitalisation of $3.125 trillion, the highest for any company ever, Barron’s reported. The company’s market value topped the previous record set by Apple, which reached $3.09 trillion in July. Apple ended Friday with a market cap of $2.916 trillion. Microsoft is also the first U.S. company to close with a market cap greater than $3.1 trillion, Barron’s reported. Microsoft stock closed the week at $420.55. Over the past 12 months,...
Microsoft ends week with $3.125 tn MCap, becomes most valuable company ever
Microsoft ends week with $3.125 tn MCap, becomes most valuable company ever
Source: IANS
2024-02-10 04:49:13 pm
Microsoft says will help 2 million Indians in small cities learn AI skills Microsoft will provide 2 million people in India with AI skilling opportunities by 2025, CEO Satya Nadella said on Wednesday, adding that it is imperative for India and the United States to cooperate on AI norms and regulations. The skilling will focus on training individuals in tier-2 and tier-3 cities, as well as rural areas and unlock inclusive socio-economic progress, the company said in a statement. "I hope consensus emerges and that is what really helps, in some sense, (with)...
Microsoft says will help 2 million Indians in small cities learn AI skills
Microsoft says will help 2 million Indians in small cities learn AI skills
Source: Reuters
2024-02-07 11:48:45 am
Mukesh Ambani ranked No. 1 Indian & No. 2 globally in Brand Guardianship Index 2024  Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited, was ranked 1st among all Indians and 2nd globally in the Brand Guardianship Index 2024 compiled by Brand Finance. The Brand Guardianship Index is a global recognition of CEOs, who are building business value in a sustainable manner, by balancing the needs of all stakeholders -- employees, investors, and the wider society. In the 2023 ranking as well Mukesh Ambani was placed at world’s number 2 posi...
Mukesh Ambani ranked No. 1 Indian & No. 2 globally in Brand Guardianship Index 2024
Mukesh Ambani ranked No. 1 Indian & No. 2 globally in Brand Guardianship Index 2024
Source: IANS
2024-02-05 01:59:45 pm
Applying AI at scale, infusing AI across our tech stack: Satya Nadella Microsoft is integrating the power of AI across the entire data and tech stack, seeing increased usage from AI-first start-ups and some of the world's largest companies, the company's Chairman and CEO Satya Nadella has said. More than 2,30,000 organisations have already used AI capabilities in Power Platform, up over 80 per cent quarter over quarter, and with Copilot Studio, organisations can tailor Copilot for Microsoft 365 or create their own custom Copilots. "It is alrea...
Applying AI at scale, infusing AI across our tech stack: Satya Nadella
Applying AI at scale, infusing AI across our tech stack: Satya Nadella
Source: IANS
2024-01-31 02:11:30 pm
Microsoft posts 33% increase in net income, gaming bet pays off  Microsoft posted $62 billion in revenue and a net income of $21.9 billion during the quarter that ended December 31. Revenue was up 18 per cent and net income increased by 33 per cent. Microsoft completed the acquisition of gaming company Activision Blizzard on October 13, 2023. Xbox content and services revenue increased 61 per cent, driven by 55 points of net impact from the Activision acquisition. Microsoft said the net impact from the Activision Blizzard acquisition was jus...
Microsoft posts 33% increase in net income, gaming bet pays off
Microsoft posts 33% increase in net income, gaming bet pays off
Source: IANS
2024-01-31 11:46:39 am
Microsoft now a $3 trillion company, second after Apple  Microsoft has reached the coveted $3 trillion mark and became the second company after Apple to achieve this feat. Microsoft reached a $3 trillion market cap, the first time in its 48-year history. The Satya Nadella-run company reached the milestone valuation after its stock climbed 1.5 per cent in trading on Nasdaq late on Wednesday. Tim Cook-led Apple hit the $3 trillion market cap around two years ago. Microsoft’s stock has been rallying in recent months, amid its a...
Microsoft now a $3 trillion company, second after Apple
Microsoft now a $3 trillion company, second after Apple
Source: IANS
2024-01-25 11:02:51 am
Third A350 aircraft to undergo final interior and equipment modifications: Air India CEO Air India CEO Campbell Wilson in his Friday letters to employees said that the third A350 aircraft just completed receiving its new livery in Singapore and is currently winging its way back to Toulouse to undergo final interior and equipment modifications. Tata-owned Air India on Friday operated its first ferry flight of A350-900 aircraft from Singapore to Toulouse with its new livery. Wilson further wrote that at Microsoft’s ‘Ignite’ conference in Seattle, its CEO Sat...
Third A350 aircraft to undergo final interior and equipment modifications: Air India CEO
Third A350 aircraft to undergo final interior and equipment modifications: Air India CEO
Source: IANS
2023-11-18 09:06:36 am
Siemens, Microsoft join hands to work on AI project Industrial manufacturing major Siemens and tech giant Microsoft on Tuesday joined hands to bring the benefits of generative AI to industries worldwide. Working together, the companies are introducing Siemens Industrial Copilot, an AI-powered jointly developed assistant aimed at improving human-machine collaboration in manufacturing. "We’re building on our longstanding collaboration with Siemens and bringing together AI advances across the Microsoft Cloud with Siemens’ i...
Siemens, Microsoft join hands to work on AI project
Siemens, Microsoft join hands to work on AI project
Source: IANS
2023-10-31 04:05:33 pm
Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Satya Nadella More than 18,000 organisations now use Azure OpenAI service, including new customers and the company is expanding its reach with digital-first companies with OpenAI APIs, Microsoft Chairman and CEO Satya Nadella has said.Leading AI startups are using OpenAI to power their AI solutions, therefore, making them Azure customers as well, he said during the company?s Q1 2024 earnings call late on Tuesday.On GitHub Copilot, he said the company is increasing developer productivity by up to 55 per cen...
Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Satya Nadella
Over 18K firms use Azure OpenAI service, paid Copilot users reach 1 mn: Satya Nadella
Source: IANS
2023-10-25 03:30:53 pm
Microsoft`s net income surges 27%, revenue up 13% amid AI push Riding on the AI wave, Microsoft reported $56.5 billion in revenue (up 13 per cent) and a net income of $22.3 billion, an increase of 27 per cent, during its first quarter of 2024 fiscal.The revenue in the PC vertical was $13.7 billion and increased 3 per cent, according to the company.Windows revenue increased 5 per cent with Windows OEM revenue growth of 4 per cent, which is a surprise increase as PC sales went down this year globally."With copilots, we are making the age of AI real for peo...
Microsoft`s net income surges 27%, revenue up 13% amid AI push
Microsoft`s net income surges 27%, revenue up 13% amid AI push
Source: IANS
2023-10-25 10:20:20 am
Microsoft welcomes Activision Blizzard and their teams to Xbox Top Microsoft leaders Satya Nadella and Brad Smith welcomed the closing of $68.7 billion transaction to acquire gaming giant Activision Blizzard, saying they affirm the commitment to labour principles and innovative approach to union partnerships.They reacted after the UK?s anti-trust watchdog cleared the restructured deal for Microsoft to buy Blizzard, after it concluded that the new deal would preserve competitive prices and better services.Smith, Vice Chair and President of Microsoft, said...
Microsoft welcomes Activision Blizzard and their teams to Xbox
Microsoft welcomes Activision Blizzard and their teams to Xbox
Source: IANS
2023-10-14 11:50:51 am
Oracle, Microsoft expand ties to help customers boost their migration to cloud Cloud major Oracle and tech giant Microsoft on Friday expanded their partnership to announce Oracle Database@Azure, which gives customers direct access to Oracle database services running on Oracle Cloud Infrastructure (OCI) and deployed in Microsoft Azure data centres.With Oracle Database@Azure, the companies will help customers accelerate their migration to the cloud, so they can modernise their IT environments and take advantage of Azure?s infrastructure, tooling, and services. Oracle...
Oracle, Microsoft expand ties to help customers boost their migration to cloud
Oracle, Microsoft expand ties to help customers boost their migration to cloud
Source: IANS
2023-09-15 09:53:29am
Google launches $20 mn fund to support responsible AI Google has launched the Digital Futures Project, an initiative that aims to bring together a range of voices to promote efforts to understand and address the opportunities and challenges of artificial intelligence (AI).Through this project, the company will support researchers, organise convenings and foster debate on public policy solutions to encourage the responsible development of AI.?As part of the Project, Google.org is establishing a $20 million fund, which will provide grants to leadi...
Google launches $20 mn fund to support responsible AI
Google launches $20 mn fund to support responsible AI
Source: IANS
2023-09-12 02:47:23pm