Page 2 - Cloud Services

Microsoft signs multi-year deal with OpenAI's French rival Mistral

The multi-year deal signals Microsoft's efforts to offer a variety of AI models beyond its biggest bet in OpenAI as the tech giant seeks to attract more customers for its Azure cloud services

Microsoft, Amazon-backed trade body CISPE in talks over EU dispute

A representative for Microsoft said the company continues 'to work constructively with CISPE to resolve concerns raised by European cloud providers'

Airtel Business, IntelliSmart to connect 20 mn smart meters with IoT

Telecom operator Bharti Airtel has entered into a strategic partnership with IntelliSmart Infrastructure to connect up to 2 crore smart meters with internet of things technology, the company said on Thursday. The project is estimated to be executed over a period of next 10 years. "This marks Airtel's foray into smart metering applications such as head end system, along with Cloud and Analytics. This is the one of the largest deals in the smart metering space in the country and will significantly contribute towards Airtel's fast-growing IoT deployment across sectors," Airtel said in a statement. The company said its proprietary platform the "Airtel IoT Hub" will help the utility track and monitor these smart meters with advanced analytics while maintaining extremely high reliability augmented with telco grade security. "IoT is one of the fastest-growing business segments for Airtel Business and, with this deal, we are now strategically positioned to play a pivotal role in driving th

Cloud-lending startup Lentra launches 3 AI products for financial sector

The company launched AI products, namely Lentra Convo, Lentra Insights, and Lentra Wingman, to serve lenders with solutions that enhance the lending processes

Wipro, RSA ink new multi-year contract to accelerate cloud migration

The contract will accompany RSA on its journey over the next couple of years to modernise its infrastructure and the use of Cloud technology

Tata Communications to deploy 'digital fabric' technology at all JLR sites

Tata Communications has already commenced implementation of the network transformation program and will complete the deployment by 2025

RBI plans cloud for financial data, repository for fintech information

It will be rolled out in the medium term and eventually be transferred to a separate entity owned by the financial sector participants, the regulator said

RBI to establish cloud facility for financial sector to secure data privacy

Focusing on digital banking, the RBI announced a regulatory framework for web-aggregation of loan products and proposed the establishment of a fintech repository by April 2024

Our preference is to build in-house teams, boost India role: CME Group CTO

The company, which has had its presence in India since 2015 and an employee base of 570, plans to ramp it up further by 100 employees by March next year

Google pushes for antitrust action against Microsoft in UK cloud market

In a letter submitted to the CMA, Google said Microsoft's licensing practices unfairly discouraged customers from using competitor services, even as a secondary provider alongside Azure

AI value to be unlocked with cloud adoption at scale: Capgemini report

Nearly two in three financial services firms have started using artificial intelligence (AI) and look to utilise it across the full value chain in the next two years, says a report. A Capgemini report released on Friday highlighted that implementing cloud at scale is critical to harvest the full value of AI investments and the financial services firms have seen limited impact of AI due to low-scale adoption. "One-in-two banks and insurers have not moved their core business applications to the cloud," the report said. As many as 91 per cent of banks and insurance companies have now initiated their cloud journey, a significant increase from 2020, when only 37 per cent of firms had embarked on their cloud transformations. However, this high rate and its corresponding investment do not translate to effective cloud adoption at scale. More than 50 per cent of firms surveyed have only moved a minimal portion of their core business applications to the cloud, the report said. The value of

Amazon rallies on cloud recovery as it chases Microsoft for AI business

Amazon shares have rallied about 40% this year, but they have lost nearly 8% in the past two days after Alphabet warned that cloud customers were curbing spending

Microsoft sales top forecast, bolstered by cloud-computing growth

The shares climbed as high as $351.95 in extended trading following the report, after closing at $330.53 at the close in New York

Samsung may announce cloud gaming service exclusively for Galaxy devices

It is reported that the Galaxy devices owners would be able to access and play selected games from Samsung Galaxy app store or Game launcher directly on their devices

German technology major SAP launches new generative AI assistant Joule

SAP said Joule will be embedded throughout its enterprise cloud portfolio, delivering proactive and contextualised insights from across SAP solutions and third-party sources

HCLTech wins multiyear cloud services deal from Germany's Siemens AG

Indian firm will also supply IT infrastructure services to Siemens AG

80% of organisations intend to raise cloud spending next year: Infosys

Cloud used for growth and transformation is three times more important to companies, than cloud used to cut costs

Nearly 63% firms use cloud services for monetising data and insights

20% cost optimisation achieved by large firms by using Cloud

Tata Communications launches cloud-based roaming lab for 5G trials

The cloud-based 5G roaming lab trials the international mobile roaming experience by closely monitoring traffic movement and network usage

Microsoft's Azure slowdown offsets optimism about AI growth; shares down 3%

Nadella has unveiled an array of new AI programs - based on models from partner OpenAI - for most of Microsoft's major product lines, and demand has been strong for internet-based services