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12 Feb 2025

Indian Companies Embrace AI: Significant Progress and ROI-Driven Results, IBM Study Reveals

A recent IBM study shows that Indian companies are making substantial progress in AI implementation, with 87% reporting significant advancements in their 2024 AI strategies and 76% achieving ROI-driven results. The study also highlights a growing interest in open-source AI tools and the importance of responsible AI practices.

2 Sources

Enfabrica Launches R&D Hub in Hyderabad, Boosting AI Networking Innovation

Enfabrica Corporation, a leader in AI networking, opens an R&D center in Hyderabad, India, to accelerate the development of its Accelerated Compute Fabric SuperNIC technology and expand its global presence in the rapidly growing AI infrastructure market.

3 Sources

SoftBank Reports $2.4 Billion Loss Amid Major AI Investment Plans

SoftBank Group Corp. reported a significant loss in its fiscal third quarter, primarily due to its Vision Fund investments. This comes shortly after announcing a massive AI infrastructure project, highlighting the company's pivot towards artificial intelligence.

12 Sources

Meta in Advanced Talks to Acquire Korean AI Chip Startup FuriosaAI

Meta is reportedly in discussions to acquire FuriosaAI, a South Korean AI chip startup, as part of its strategy to enhance AI hardware infrastructure and reduce reliance on Nvidia. The potential deal highlights the growing importance of custom AI chips in the tech industry.

6 Sources

Baidu Shifts AI Strategy: ERNIE Bot Goes Free, Open-Source Model Announced

Baidu, China's search engine giant, announces plans to make its ERNIE Bot free and open-source its ERNIE AI model, marking a significant shift in strategy amidst growing competition in the AI sector.

12 Sources

WallitIQ: The AI-Powered Altcoin Challenging Dogecoin's Dominance

As Dogecoin's long-term viability is questioned, WallitIQ emerges as a promising AI-driven alternative in the cryptocurrency market, offering innovative features and potential for significant growth.

11 Sources

Firefly Neuroscience Stock Soars After Joining NVIDIA Connect Program for Brain Modeling Initiative

Firefly Neuroscience's stock surges over 200% following its acceptance into NVIDIA's Connect program, aiming to develop an AI-powered foundation model of the human brain using its FDA-cleared Brain Network Analytics technology.

3 Sources

Alibaba and Apple Join Forces to Bring AI Features to iPhones in China

Alibaba has secured a partnership with Apple to provide AI technology for iPhones in China, marking a significant development in the Chinese AI market and potentially reviving Apple's position in the country.

10 Sources

Hexaware Technologies Returns to Stock Market with AI-Focused IPO

Hexaware Technologies, a global digital and AI-centric company, launches its IPO to raise Rs 8,750 crore, marking its return to the stock market after delisting in 2020. The IPO garners mixed investor response amid cautious market sentiment.

5 Sources

Freshworks Exceeds Expectations with AI-Driven Growth, Forecasts Strong 2025 Revenue

Freshworks reports robust Q4 2024 results and forecasts strong 2025 revenue, driven by AI-powered software demand. The company's easy-to-use AI solutions and competitive edge in the mid-market segment contribute to its positive outlook.

2 Sources

Confluent Partners with Jio Platforms to Advance GenAI and Data Streaming in India

Confluent, a data streaming pioneer, has formed a strategic partnership with Jio Platforms Limited to integrate its platform with Jio Cloud Services, aiming to accelerate the development of real-time and generative AI use cases in India.

5 Sources

India's AI Crossroads: Challenges and Opportunities in the Global AI Race

As global AI competition intensifies with China's DeepSeek challenging Western giants, India faces a critical moment to leverage its tech talent and join the AI revolution or risk falling behind.

4 Sources

Landmark AI Copyright Ruling: Thomson Reuters Wins Case Against Ross Intelligence

A U.S. federal judge has ruled in favor of Thomson Reuters in a copyright infringement case against AI startup Ross Intelligence, potentially setting a precedent for future AI-related copyright disputes.

17 Sources

Confluent's Q4 Earnings Beat Expectations, Expands Partnership with Databricks for AI-Driven Applications

Confluent reports strong Q4 2024 earnings, beating expectations with 23% revenue growth. The company expands its partnership with Databricks to enhance real-time data capabilities for AI applications.

3 Sources

Intel's Stock Surges Amid Potential AI Partnerships and Restructuring

Intel's stock experiences significant gains as the company explores potential partnerships and restructuring options to regain its competitive edge in the AI chip market.

10 Sources

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