Among respondents in the study, 45% expect up to half their workforce will need to start using Generative AI in about three years for their jobs. Another 41% think even more will use GenAI capabilities. Most (65%) believe AI will augment and enhance human capabilities, enabling people to focus on higher-value activities that require creativity and strategic thinking.
With businesses embracing cloud-based solutions and digital transformation measures, the need for managed services to optimize network infrastructure, ensure data security, and improve communication capabilities is ever increasing, Bhat adds.
The new centre will join France's growing AI ecosystem and tap into its deep talent base in design and engineering, to build advanced technologies in the space of human-centric AI.
Densify and VMware, which Broadcom acquired last year, both specialize in cloud-computing software. In a 2019 lawsuit, Densify accused VMware of infringing patents covering software for optimizing "virtual machines" used in cloud computing with its vROps, vSphere and other products.
Arora said the company’s specialist engineers work in labs to create end-to-end fifth-generation (5G)-driven solutions that telcos can offer to enterprises for their digital transformation.
"Our first generative AI went into production in September 2021, when Chat GPT broke the market, we had already worked on generative AI for six months, that's our understanding. Today, we have 104 customer products on which we have a good amount of usage of generative AI in some form GPT 3, GPT 3.5, GPT 4 and other open AI technologies. It increases the productivity of the underpinned by 15-25% or whatever applies to the framework."
K Krithivasan Earnings FY 24: In FY24, Tata Consultancy Services (TCS) CEO and MD K Krithivasan's total remuneration was Rs 25.2 crore, a decrease from former CEO Rajesh Gopinathan's Rs 29.16 crore in FY23. N G Subramaniam, the COO and ED at TCS, who is retiring this month, drew a total compensation of Rs 26.1 crore in FY24.
Rajdip Gupta, managing director and chief executive of RML, who will now lead the Proximus group’s global CPaaS business said, he finds immense cross-selling and business development opportunities for RML’s products in regions like Australia, LATAM and Europe.
Speaking to ET, Jeff Dodds, CEO, Formula E, said, “If you look at what Infosys has done with ATP and what they’ve done with tennis, I think they’ve given a perfect example about how technology can expose fans to more data and make the experience of watching much richer. And that’s the journey we are hoping to go on with Formula E.”
This is the company’s third acquisition in 2024-25 so far, with two acquisitions of PureSoftware Technologies and Macmillan Learning India announced in April.
In FY24 from April 2023 to March 2024, TCS also consolidated AI and Cloud expertise with the creation of the AI.Cloud unit.
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