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17 Jan 2025

LTIMindtree Reports Q3FY25 Results: Record Order Inflow Amid Profit Dip

LTIMindtree, India's sixth-largest IT services company, reports mixed Q3FY25 results with a 7.1% YoY decline in net profit but a record-high order inflow of $1.68 billion. The company emphasizes its AI strategy as key to future growth.

2 Sources

Generative AI Becomes Essential for PR Professionals, Muck Rack Report Reveals

A new report by Muck Rack shows that 75% of PR professionals now use generative AI, with significant impacts on workflow efficiency and content quality. The study also highlights concerns about over-reliance and the need for proper training and guidelines.

2 Sources

AstroSure.ai Secures $6 Million Seed Funding to Revolutionize AI-Powered Astrology

AstroSure.ai, an Indian startup combining Vedic astrology with AI, has raised $6 million in seed funding to expand its operations and redefine the digital astrology market.

2 Sources

Taiwan Boosts AI Chip Production with New SPIL Plant, Strengthening Nvidia Partnership

Taiwan's Siliconware Precision Industries Co. (SPIL) inaugurates a new advanced semiconductor plant, enhancing its role in AI chip production. Nvidia CEO Jensen Huang's presence underscores the growing importance of Taiwan in the global AI supply chain.

3 Sources

Botika Secures $8M Funding to Revolutionize Fashion Photography with AI-Generated Models

Israeli AI company Botika raises $8 million in seed funding to develop generative AI technology for fashion photography, potentially disrupting the industry by replacing human photographers and models.

2 Sources

ZenaTech Expands Drone-as-a-Service Business with Strategic Acquisitions in Land Surveying Sector

ZenaTech acquires KJM Land Surveying and Weddle Surveying to establish regional bases for its Drone-as-a-Service business, aiming to revolutionize the land survey industry with AI-powered drones and quantum computing technologies.

5 Sources

Google's Gemini AI Aims for 500 Million Users by 2025, Challenging ChatGPT's Dominance

Google CEO Sundar Pichai sets an ambitious goal for Gemini AI to reach 500 million users by the end of 2025, as the company strives to catch up with OpenAI's ChatGPT in the competitive AI landscape.

3 Sources

India Ranks Second Globally in Future Skills Readiness, Excelling in Digital and AI Competencies

India secures the second position globally in digital skills readiness and ranks fourth in AI and green skills, according to the QS World Future Skills Index. The country shows strong potential in preparing its workforce for future job markets, particularly in technology-driven sectors.

3 Sources

Nvidia Unveils New Microservices to Enhance Safety and Control of AI Agents

Nvidia releases new NIM microservices as part of NeMo Guardrails to improve security, control, and performance of AI agents, addressing critical concerns in enterprise AI adoption.

5 Sources

Warren Buffett's Secret AI Stock Investments: Unveiling Berkshire Hathaway's Hidden Portfolio

Warren Buffett's Berkshire Hathaway has secretly invested in AI stocks through New England Asset Management, revealing a surprising tech-focused strategy from the value investing icon.

5 Sources

AMD's AI Chip Strategy: Challenges and Opportunities in the Competitive Semiconductor Market

AMD faces challenges in the AI chip market dominated by Nvidia, but shows potential for growth with new products and strategic partnerships.

5 Sources

Point72's AI-Focused Fund Surges to $1.5 Billion in Three Months with Double-Digit Returns

Steven Cohen's Point72 Asset Management's new AI-focused fund, Point72 Turion, has grown to nearly $1.5 billion after posting a 14% gain in just three months of trading, showcasing strong market optimism for AI investments.

2 Sources

German Startup Neura Robotics Secures €120M for Advanced Cognitive and Humanoid Robots

Neura Robotics, a German startup, has raised €120 million in Series B funding to develop advanced cognitive and humanoid robots. The company aims to create robots that can effectively perceive, interpret, and respond to their environment, potentially revolutionizing industries such as manufacturing, logistics, and healthcare.

2 Sources

Yiren Digital Joins China's Artificial Intelligence Industry Alliance, Showcasing AI Integration in Financial Services

Yiren Digital, a Chinese AI-powered financial services platform, has been admitted to China's Artificial Intelligence Industry Alliance (AIIA), highlighting its commitment to AI innovation and cross-sector collaboration in the rapidly evolving field of artificial intelligence.

2 Sources

IBM and L'Oréal Partner to Develop AI Model for Sustainable Cosmetics

IBM and L'Oréal announce a collaboration to create an AI foundation model for sustainable cosmetics, combining L'Oréal's expertise in beauty science with IBM's AI technology to accelerate product innovation and sustainability efforts.

7 Sources

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