Red Hat

The uptick in share price came after Tata Elxsi announced that it has collaborated with Red Hat to boost telecom network monetisation

Red Hat sees India as among the world's high-growing markets, and the country's expanding enterprise base and technical innovation capabilities offer exciting prospects for the IBM-owned company, its CEO Matt Hicks has said. Weighing in on the larger debate of AI and its impact on tech sector jobs and salaries, Hicks told PTI that artificial intelligence, "if done well", will trigger massive value creation and spawn new industries beyond anyone's imagination. Red Hat - the enterprise open-source solutions company that IBM bought in 2019 for about USD 35 billion, marking its biggest acquisition ever - is working with a "great" foundation base in India and is at an exciting point where the company is amplifying capabilities with technology roles. "I think India, at this point, is one of the strongest markets in the world with its fundamentals...When I look at the opportunity in India...one, it is a high-growing market and has enterprise needs, so that is a great fit for us...Also, the

The impact of open source ecosystem in the realm of AI is becoming visible and the momentum is set to accelerate, Red Hat CEO Matt Hicks has said as the IBM-owned enterprise open source solutions provider outlined its strategy and push on AI. At his keynote address at the Red Hat Summit, Hicks predicted that Artificial Intelligence (AI) won't be built by a single vendor, rather it will be defined by flexibility of choices. He observed that innovation has moved at a fast clip, with advancements unfolding every month, week and hour. Open source and academia are at the centre of innovation, he asserted. According to him, the staggering rate and pace of academic advancement has found the "perfect intersection" in Open Source and AI models. Today, the capabilities in AI are being developed by some of the best academic researchers, with Open Source helping unlock potential, he pointed out. "The most interesting thing that happened to AI over last year has been explosion of choices, wha

Only difference now is that customers are spending money where there are returns on investment, and they should be able to see tech not just for the sake of it but for business benefit, he said

The number of women in leadership roles in tech companies has gone up since she started out 30 years ago but it is still small, Andriesse tells Samreen Ahmad

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Reporting sales declines for three straight quarters, IBM has posted $17.6 billion in revenue in the third quarter of this year, compared to $18 billion for the same period last year.

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After acquisition by IBM, Red Hat is working to retain its innovative streak and identity while leveraging the former's size and footprint

Firm's CEO is pretty upbeat about the future of hybrid cloud - which allows companies to spread their data between private and public cloud providers and has been putting good money to build expertise

To expand into smaller cities, leverage upon govt's financial inclusion push

Red Hat invested in start-ups in India, Israel, is also expanding its workforce to cash in on opportunities in telecom, government space