TCS AI CLOUD BUSINESS
Google names insider Kavukcuoglu to lead AI-powered product development
Koray Kavukcuoglu, chief technology officer of Google's DeepMind AI lab, is taking on the newly created title of chief AI architect. He will also become a new senior vice president, reporting directly to Pichai.
Nvidia to build first industrial AI cloud in Germany
Nvidia will build its first AI cloud platform for industrial use in Germany, aiding firms like BMW and Mercedes. CEO Jensen Huang announced plans for 20 AI factories, expanded European partnerships, and breakthroughs in AI and quantum computing, signaling Europe’s growing focus on AI infrastructure.
Nvidia trumpets European AI infrastructure push
US chip giant Nvidia on Wednesday announced a broad infrastructure push into Europe, partnering with local companies to help build the continent's "own ecosystem" for AI, chief executive Jensen Huang said in Paris. Singling out a local firm, Huang said Nvidia would partner with French AI startup Mistral to build a cloud platform powered by 18,000 of Nvidia's latest high-end Blackwell chips.
Open to acquisitions to boost vision: Cisco’s Jeetu Patel
Cisco Systems is strategically pursuing acquisitions to accelerate its vision, particularly in the realm of AI-driven solutions. With a history of over 200 acquisitions, Cisco aims to enhance its portfolio across networking, security, and data centers. The company emphasizes a build-first approach, acquiring companies opportunistically to augment its capabilities and drive innovation in the AI era.
Salesforce blocks AI rivals from using Slack data, the Information reports
According to a report by The Information, Slack, owned by Salesforce, has recently restricted external software companies from accessing or saving messages on its platform, even in cases where users have given their consent. The firms can only temporarily use and store their customers' Slack data after which it must be deleted, the report said.
Google ChatGpt creator OpenAI deal inked? What we know so far
Google's addition of OpenAI to its customer list shows how the tech giant has capitalized on its in-house AI technology from hardware to software to accelerate the growth of its cloud business.
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Fire sale at Byju’s; Meesho’s pre-IPO move
Troubled edtech startup Byju’s is selling its US assets at steep losses, mandated by a US bankruptcy court. This and more in today’s ETtech Top 5.
OpenAI taps Google in unprecedented cloud deal despite AI rivalry, sources say
The deal, which has been under discussion for a few months, was finalized in May, one of the sources added. It underscores how massive computing demands to train and deploy AI models are reshaping the competitive dynamics in AI, and marks OpenAI's latest move to diversify its compute sources beyond its major supporter Microsoft, including its high-profile Stargate data center project.
Vertex Group reveals Rs 1,000 crore growth blueprint, backed by AI, acquisitions & market expansion
This growth will be driven by international expansion into Canada, Australia/New Zealand, and Saudi Arabia, alongside strategic acquisitions and the introduction of new business verticals.
Turf war in the clouds showers on the ground
As neocloud firms begin to challenge hyperscalers’ dominance, Indian data centres seek to benefit from this shift in cloud business, finds Himanshi Lohchab.
Amazon to invest $20 billion in Pennsylvania to expand cloud infrastructure
The investment in Pennsylvania comes less than a week after Amazon said it will invest $10 billion in North Carolina and announced plans to invest more than $5 billion in its new cloud infrastructure in Taiwan. The investment will create 1,250 high-skilled jobs and support thousands more in the Amazon Web Services data center supply chain, the company said.
Warren Buffett’s AI legacy: Apple and Amazon now make up a fifth of Berkshire’s $282 billion portfolio
Berkshire Hathaway, long known for its conservative investments, now has significant exposure to AI through major holdings in Apple and Amazon. While trimming its Apple stake, it remains heavily invested in the tech giant. Amazon, via AWS, represents a dynamic AI growth play, reflecting a strategic pivot in Berkshire’s portfolio.
HCLTech opens second delivery centre in Kerala
HCLTech has opened a new delivery centre in Thiruvananthapuram, Kerala, focusing on AI, GenAI, Cloud, and emerging technologies. It aims to foster innovation and local talent. This is its second centre in the state, following the Kochi launch in October 2024.
Krutrim announces agentic AI assistant 'Kruti', to launch on June 12
This is a key announcement for the company, as ET had reported earlier this month that its other products are not seeing much traction. Founders and developers ET had spoken to saw Krutrim's large language models (LLMs) and cloud offerings as subpar and lacking technical maturity compared to hyperscalers.
Why India is emerging as the ideal hub for GBS and GCCs
India has evolved into a global epicenter for Global Business Services (GBS) and Global Capability Centers (GCCs), transitioning from cost-saving offshore centers to strategic innovation hubs. This shift is reshaping the global business landscape, with GCCs driving digital transformation and operational excellence for multinational corporations.
Why vibe coding needs more than vibes for enterprise-scale solutions
In the age of AI, vibe coding is all the rage, with both companies and tech celebrities touting it as an easy method to code with just a prompt. But founders ET spoke to are showing the other side of the story. Executives said the rising practice of vibe coding is leading to heightened scrutiny, an increase in code reviews, and a greater need for handholding among younger engineers.
Meta in talks for Scale AI investment that could top $10 billion
This would be Meta’s biggest ever external AI investment, and a rare move for the company. The social media giant has before now mostly depended on its in-house research, plus a more open development strategy, to make improvements in its AI technology. Meanwhile, Big Tech peers have invested heavily: Microsoft has put more than $13 billion into OpenAI while both Amazon.com Inc. and Alphabet Inc. have put billions into rival Anthropic.
How Indian export businesses are using AI to stay ahead on global tax rules
Indian organisations are increasingly adopting AI and ML for tax compliance, aligning with the Digital India initiative. This shift aims to streamline operations and navigate complex international trade regulations, including US sales tax and EU VAT.
Beyond agentic AI: Autonomous factories, exoskeletons, and AI as a physical stack
In a grand panel at TiEcon 2025, five NVIDIA executives gave attendees a sneak peek into the next frontier of artificial intelligence (AI). Here’s how the emerging technology is pushing boundaries in healthcare, app development, and startup investing, and why physical AI is the next big breakout.
Broadcom rides on AI chip demand to deliver upbeat revenue forecast
Broadcom, a key player in the AI hardware ecosystem, helps design custom processors that are highly specialized integrated circuits designed for AI and cloud computing companies such as OpenAI and Google. The Palo Alto, California-based company has begun shipping its latest networking chip, the Tomahawk 6, designed to accelerate AI workloads.
IT’s growth search takes them to doors of mid-market firms
After a challenging year, India’s IT industry is targeting growth beyond the Fortune Global 2,000 and Fortune 5,000, focusing on an underpenetrated segment: smaller and mid-sized enterprises with annual revenues of $1-5 billion. With large clients slow to deliver revenue, the natural pivot has been towards smaller firms.
Nvidia overtakes Microsoft to become world’s most valuable company
Nvidia gained 0.9% on Tuesday and has surged over 45% since its April low, boosting its market value to $3.45 trillion, just ahead of Microsoft, the world’s most valuable company. Nvidia shares are still 7.8% below their 52-week high seen in January.
India’s top IT services exporters buck the trend to land multi-year contracts
IT services companies Tata Consultancy Services (TCS), Wipro and Tech Mahindra entered multi-year deal announcements despite slowing demand and organic revenue growth. The deal announcements include streamlining IT operations through AI and next-generation technologies.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
Snowflake to expand talent base, mulls R&D center in India
Sridhar Ramaswamy, CEO, Snowflake, who spoke at the global virtual media round table that ET was a part of before the annual Snowflake Summit on June 3, said that it is clear that AI represents a new way for companies to think about how different functions operate in a company.
TCS, Virgin Atlantic extend tech alliance of two decades; AI to power this phase
The deal will entail TCS modernising Virgin Atlantic’s core systems with a cloud-first, AI-led digital core. A Technology Command Centre, co-developed by the two companies, will become the airline’s operational brain, offering real-time insights to improve decision-making and enable frontline employees with contextual data. No financial details of the deal were announced.
Krutrim finds few takers for its LLMs and cloud products
Ola founder Aggarwal first announced Krutrim in December 2023, launching an LLM that could support 10 Indian languages, starting with Krutrim chatbot in February 2024, and cloud offering shortly after. Two founders told ET recently that repeated sign-in attempts were blocked by a persistent “logged out of session” error, making sign-up via mobile or Gmail difficult.
Infosys paid CEO Salil Parekh Rs 80.62 crore as salary in FY25, up 22%
This comprised of Rs 7.45 crore as base salary, Rs 49 lakh as retiral benefits and a variable pay component of Rs 23.18 crore. Parekh earned Rs 49.5 crore by exercising his stock options.
TCS to add AI agents alongside human workforce: N Chandrasekaran
Looking ahead, TCS plans four progressions - establish a large pool of AI agents working alongside our human workforce, deliver solutions through a human+AI model, invest in AI data centers and cloud infrastructure, as well as forge partnerships, Chandrasekaran said.
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