All posts tagged: tata consultancy services

‘Scale, speed, and the entire stack’: Sam Altman on why India matters to OpenAI | Technology News

‘Scale, speed, and the entire stack’: Sam Altman on why India matters to OpenAI | Technology News

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“What’s happening here with AI is scale, speed, and the entire stack. The energy in India is remarkable to watch,” OpenAI CEO Sam Altman said at the OpenAI India event on Thursday, February 19, in New Delhi.  Earlier in the day, the AI company launched a major initiative named OpenAI For India at the AI Impact Summit 2026. The ChatGPT-maker also entered a massive AI infrastructure partnership with IT giant Tata Consultancy Services (TCS) to harness local AI data centre facilities.  At the event, when asked what was the thinking behind the decision to say ‘now in India’, Altman said that the sheer scale and the deep partnership with India make everything worth it.  “This relationship will be critical to see it develop, but it will really help us deliver on the promise of AI.” On the trajectory of AI When asked how AI has transformed in the last few years, Altman shared that 10 years ago, AI could, for the first time, add two large numbers, and that was considered incredible. “Two years ago, …

Automation to decrease value of human labour: Yoshua Bengio| India News

Automation to decrease value of human labour: Yoshua Bengio| India News

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When US-based AI company Anthropic unveiled its latest Claude model in San Francisco, shares of Indian IT majors, including Infosys, Tata Consultancy Services, HCLTech, Tech Mahindra, and Wipro, fell by as much as 6%. According to Yoshua Bengio, widely regarded as one of the “godfathers of AI” alongside Geoffrey Hinton and Yann LeCun, such shocks are not aberrations but a preview of what lies ahead. Yoshua Bengio is widely regarded as one of the “godfathers of AI”. (Wikipedia) “There’s gonna be more…because those AIs are going to be used here as well, or they can be used in San Francisco and do the job that engineers here are doing, which is really bad for India,” said Bengio. “Because, in general, automation, including in the case of programming, is going to decrease the value of human labour, because if you can do the same thing for half the price with a machine. Well, then… why would you hire someone?” Bengio, who won the 2018 AM Turing Award, often dubbed the Nobel Prize of Computing, said on …

Tata Group chairman Chandrasekaran honored with UK Knighthood | Latest News India

Tata Group chairman Chandrasekaran honored with UK Knighthood | Latest News India

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Tata Group Chairman Natarajan Chandrasekaran has been felicitated with ‘The most excellent order of the British Empire (Civil Division)’ in recognition of his contributions, and services to the United Kingdom and India business relations, as per a British Government’s official statement. According to a British Government official release, Tata Group Chairman Natarajan Chandrasekaran has been awarded ‘The most excellent order of the British Empire (Civil Division)’ in appreciation of his services and contributions to the commercial relationship between the United Kingdom and India.(PTI) “I am deeply humbled by this prestigious recognition, for which I am grateful to His Majesty, King Charles. I would like to express how proud we are at the Tata Group to maintain such a strong strategic relationship with the UK across the technology, consumer, hospitality, steel, chemicals, and automotive sectors,” Chandrasekaran said on teh honour. “We are incredibly proud of our iconic British brands like Jaguar Land Rover and Tetley. We employ more than 70,000 people in the UK. We enjoy fruitful and world-class research and academic partnerships with great institutions …

Wipro chairman Rishad Premji explains why work-life balance is important

Wipro chairman Rishad Premji explains why work-life balance is important

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Wipro’s executive chairman Rishad Premji said work-life balance is “incredibly important” and that he believes the hybrid work model helps workforce, The Economic Times reported. Wipro Chairman Rishad Premji also claimed Wipro trains its managers to be sensitive to people, to look for signs and have conversations openly regarding work-life balance.(Hemant Mishra/Mint) “I learned this very early on in my early days before Covid, which is work life is something that you have to define for yourself, organizations are never going to work at it for you.” the ET report quoted Rishad Premji as saying in a fireside chat on the first day of the Bengaluru Tech Summit 2024. “So you have to define what it means and draw boundaries.” Also Read: Amazon India to move Bengaluru headquarters to cut costs, employees unhappy: Report Rishad Premji’s statement comes at a time when Narayana Murthy, the founder of Infosys, promoted and reiterated his belief in the 70-hour work-week, stating he doesn’t believe in the concept of ‘work-life balance’. Narayana even expressed disappointment over India shifting from …

India Inc loses its crown jewel — Ratan Tata | Latest News India

India Inc loses its crown jewel — Ratan Tata | Latest News India

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Ratan Naval Tata, the former Tata Group chairman who transformed a legacy Indian business house into a global salt-to-software conglomerate and became the face of the resurgent Indian economy in the new millennium, died in a Mumbai hospital late on Wednesday. He was 86. Ratan Naval Tata, the former Tata Group chairman who transformed a legacy Indian business house into a global salt-to-software conglomerate and became the face of the resurgent Indian economy in the new millennium, died in a Mumbai hospital late on Wednesday. He was 86. (HT Archive) Tata, who undertook a string of high-profile acquisitions during his 20-odd years at the helm of the respected group and ensured the Tata brand being stamped on global icons such as Tetley or Jaguar, was also known for his philanthropic work. “It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation,” Tata group chairman N Chandrasekaran …

Tata Sons plans to offload 0.65% stake in TCS for nearly Rs 9,400 crore | Business News

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Tata Sons, the holding company of the Tata group, is planning to sell 2.34 crore shares of tech major Tata Consultancy Services Ltd (TCS) at a floor price Rs 4,001 per share through block deals to raise up to $1.129 billion (around Rs 9,362 crore), according to the term sheet for the sale. The reported price is a discount of 3.46 per cent to Monday’s closing price of Rs 4,144.75 on the BSE. The 2.34 crore shares represent 0.65 per cent equity of TCS. At a market capitalisation of Rs 14.99 lakh crore, TCS is India’s second most-valued listed company after Reliance Industries. As of December 2023, promoters held a 72.41 per cent share in TCS, of which Tata Sons held 72.38 per cent stake, while the rest is held by another Tata company. Citigroup and JPMorgan are the joint bookrunners of the proposed share sale. BAT plc of the UK sold part of its stake worth Rs 16,775 crore (around $ 2.027 billion) in ITC Ltd last week. It sold 43.68 crore shares in …

Hurun Global 500 List: Reliance most-valued Indian company, India jumps to 5th

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As many as twenty Indian companies are now among the 500 most-valued firms in the world, according to the 2022 Hurun Global 500 list, with India improving its position to fifth, up four spots from the previous edition. In 2021, as many as eight Indian companies were listed by Hurun Global 500, a list of the 500 most-valued, non-state controlled firms in the world. Also Read: Microsoft ‘best-managed’ US company in 2022, study says | Check top 10 Meanwhile, describing the Hurun Global 500 entrants as the ‘backbone of the world economy,’ Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, said, “Together, these 500 companies had combined sales of $21.6 trillion, which is bigger than the GDP of China and India, and employed 43 million staff, equivalent to the working population of Germany.” Here’s all you need to know: (1.) Ranked 34, the Mukesh Ambani-led Reliance Industries Limited (RIL) is the most-valued Indian company globally. As per Hurun Global 500, RIL has a valuation of $202 billion. (2.) RIL is followed by Tata …

BSNL 5G Services to Be Rolled Out Across 1.35 Lakh Towers in 5-7 Months, Telecom Minister Says

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State-owned BSNL’s 4G technology will be upgraded to 5G in 5-7 months and rolled out across 1.35 lakh telecom towers the company has in the country, Union telecom and railway minister Ashwini Vaishnaw said on Thursday. While speaking at a CII event, the minister said the government has plans to increase the telecom technology development fund from Rs. 500 crore per annum to Rs. 4,000 crore to encourage indigenous innovation. In response to a question on BSNL’s role in telecom sector by Kotak Bank CEO Uday Kotak, Vaishnaw said BSNL will become a very strong stabilising factor in the telecom space. He said BSNL has about 1,35,000 mobile towers across the country with a very strong presence in the rural areas which are still not fully covered by the other telecom players. “Telecom technology stack is going to be rolled out. It’s a 4G technology stack which will be upgraded to 5G in a timeframe of five to seven months. That technology stack will be rolled out across the 1.35 lakh telecom towers in the …