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Topic: Infosys

Most tech companies have issued order to their employees that the days of remote and hybrid work are ending and these brands have already done it. News 

Tech Companies Require Employees to Return to the Office

Sanjay Patil, ,

The pandemic is indeed over. Companies that have resorted to remote and hybrid work setups are slowly moving back to the old habits of having people come into the office every week. The technology industry is in the biggest hurry to get employees back to work so they don’t log in their diaries from a mountain station or a beach. These companies aren’t just based in India, we’re talking about some of the biggest names in tech that are making people change the way they work or face serious consequences.…

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Shares of Infosys fell as much as 2.6% after an unnamed global company cancelled deal focused on artificial intelligence solutions. AI 

Cancellation of Multi-Billion Dollar AI Deal Hits Infosys Hard

Febin Mathew

BENGALURU: Shares of Infosys fell as much as 2.6% on Tuesday after the company said the unnamed global company, which had signed a $1.5 billion deal focused on artificial intelligence solutions, decided to terminate its memorandum of understanding with the IT giant. . Infosys said it plans to improve digital experiences and offer business services utilizing the company’s platforms and artificial intelligence solutions. It was a 15-year contract signed in September 2023. The termination of the contract comes at a time when IT and technology companies worldwide are facing uncertainty…

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Infosys founder NR Narayana Murthy wants India's youth to work for 70 hours a week to help India compete with countries like China. Forbes has come out with the “World’s Best Employers” report and among the top 15 best tech companies to work, none of them have a requirement to work for 70 hours a week. News 

The Work Hours Of 15 Of The Top Tech Companies In 2023: Is 70 Hours A Week The New Normal?

Jim Hendler

A recent exchange between Infosys founder NR Narayana Murthy and former Infosys CFO Mohandas Pai on a YouTube show divided netizens and drew a sharp backlash from workers across India after Narayana Murthy mentioned that today’s youth must work 70 hours a week to help India compete with developed countries. such as China. Soon after the show, it quickly went viral as people pointed out that Indian IT companies have become nothing more than sweatshops where workers are expected to work 70 hours a week but the salary is kept…

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Know what’s happening in the AI universe today, October 16. (Pixabay) AI 

5 AI Developments You Should Know About: AI-enabled Crypto Wallet, Deloitte Launches AI Chatbot, and More

Febin Mathew,

The US is set to tighten regulations on exporting AI chips to China, following previous restrictions put in place last October. Additionally, Bloomberg Tax & Accounting has introduced its AI Lab, providing AI-powered tools such as an LLM combined with Bloomberg Tax Research for question-and-answer services. Deloitte has also internally introduced an AI chatbot to aid professionals with responses and insights. All this and more in today’s AI review. 1. The US closes loopholes and curbs exports of artificial intelligence chips to China The United States is trying to close…

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Know what’s happening in the AI universe today, September 26. (Pixabay) AI 

Infosys and Microsoft Team Up to Advance AI, Billionaire to Invest $200 Million in AI, and More AI News You May Have Missed

Adriana Marais

Infosys and Microsoft have joined forces to collaborate on the development of AI solutions, utilizing services like Infosys Topaz and Microsoft Azure. Meanwhile, French billionaire Xavier Niel plans to invest $212 million in AI to keep French talent within the country. The investment will be divided among a research lab in Paris, startups, and cloud supercomputing powered by Nvidia. AppyHigh has introduced an AI-driven app bundle that includes various features such as an AI image generator, photo editor, chat assistant, avatar creator, and VPN & Camera Scanner. All this and…

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Tech giant Nvidia and India's Infosys are partnering to bring Nvidia's enterprise-grade AI models, runtimes, and GPU systems to Infosys Topaz. AI 

NVIDIA and Infosys Join Forces to Utilize Generative AI for Businesses

Febin Mathew, ,

Nvidia and India’s Infosys have announced a new strategic partnership to empower companies and enterprises with generative AI-based solutions to increase productivity. Through this collaboration, Nvidia brings its enterprise-grade AI models, runtimes and GPU systems to Infosys Topaz, AI’s first suite of services, solutions and platforms using generative AI technology. “Through the integration, Infosys is creating offerings that customers can adopt to easily integrate creative AI into their business,” Nvidia said. In addition, Infosys plans to set up an “Nvidia Center of Excellence” where it will train and certify its…

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"Several practical, ethical and intellectual property-related issues, when it comes to AI remain unresolved. We also know that the motto of scaling AI in the enterprise is far from simple. And yet, the AI-first strategy we're embracing already working for us," Nilekani said. (MINT_PRINT) News 

Infosys CEO Nandan Nilekani Affirms AI-Centric Approach Despite Unresolved Ethical and Intellectual Property Concerns

Febin Mathew

Infosys Chairman Nandan Nilekani stated on Wednesday that despite the unresolved ethical and intellectual property rights concerns surrounding the technology, the Artificial Intelligence-first business strategy implemented by Infosys is proving to be successful for the company. In his speech at Infosys’ 42nd Annual General Meeting, Nilekani said the company can operate more efficiently while nurturing growth readiness, given its performance in challenging scenarios of inflation, interest rates, geopolitics, demand volatility and supply chain disruptions. “The practical, ethical and intellectual property issues related to AI are still unresolved. We also know…

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Infosys will provide certification in AI and Generative AI skills, crucial for landing jobs, through Infosys Springboard Virtual Learning Platform. (REUTERS) AI 

Infosys Springboard Offers Certification in Artificial Intelligence and Generative AI Skills

Febin Mathew,

On Thursday, Infosys, an IT services firm, declared the launch of a costless certification training program on Artificial Intelligence (AI) through its Infosys Springboard Virtual Learning Platform. According to the statement, Infosys AI-first experts and data strategists responsible for delivering Infosys Topaz AI-first services, solutions and platforms will help shape the curriculum and equip learners with future-ready skills. Infosys offers certifications in AI and generative AI skills that are critical for landing jobs through the Infosys Springboard Virtual Learning Platform. The certification offers a variety of courses covering a range…

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Nandan Nilekani and his peers in India’s $245 billion IT outsourcing industry have leaned toward education in their philanthropic efforts. (AFP) News 

Nandan Nilekani Donates $38.5 Million to Former University for Artificial Intelligence Research

Adarsh V.K,

Nandan Nilekani, the billionaire co-founder of Infosys Ltd., has pledged to donate $38.5 million to the Indian Institute of Technology Bombay, his former school. This donation is one of the largest gifts made by an alumnus to an educational institution in India. The grant brings total donations to the technologist’s school to 4 billion rupees ($49 million) and is intended to promote research in emerging areas and support the deep-tech startup ecosystem, Nilekani’s office said on Tuesday after the two sides signed a memorandum. Nilekani, who rose to prominence founding…

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