Business

US-based data and AI company Databricks has entered into a definitive agreement to acquire MosaicML, a leading generative AI platform for approximately $1.3 billion. With this acquisition, the company said...

Global technology brand Lenovo on Wednesday announced that it will invest $1 billion over three years in the expansion of infrastructure solutions to accelerate the artificial intelligence (AI) deployment for...

Global consumer finance company Pepper Group on Monday said it will invest $150 million over the next four years to establish a fintech in India. The fintech, under the Pepper...

Chinas smartwatch shipments declined 28 per cent (year-on-year) and 16 per cent (on-quarter) in the first quarter -- the lowest level in 12 quarters. The country's smartwatch market did not...

India's business-to-business ecommerce market (eB2B) market is projected to reach $90-$100 billion by 2030, growing at compound annual growth rate (CAGR) of 40-45 per cent from $5-6 billion in 2022,...

Elisa and Ericsson announced the successful launch of the In-Service Software Upgrade (ISSU) capability in the Ericsson’s dual-mode 5G Core solution which powers Elisa’s live production 5G Standalone (SA) network. It marks a key step in Elisa’s cloud-native digital transformation strategy as it continues to lay the essential groundwork for automating and creating self-driving networks....

Enterprise software major salesforce has committed $500 million to invest in generative artificial intelligence (AI) startups. The investment, an expansion from earlier $250 million to $500 million now, is part...

After OnePlus and OPPO, now smartphone brand Vivo has also exited the German market and said that its products are currently not available in the country. "Unfortunately, vivo products are...

The public cloud services (PCS) market in India reached $6.2 billion last year, as software-as-a-service (SaaS) continued to be the largest component of the overall public cloud services market, followed...

Worldwide government IT spending is forecast to total $589.8 billion in 2023, an increase of 7.6% from 2022, according to Gartner, Inc. “Global challenges like inflation and workforce scarcity and...