Page 89 - Technology

Dell Technologies at epicenter of data-intensive technology like AI: Ohrie

India is a crucial market for Dell Technologies, both in terms of size and future growth potential

Milagrow expects to hit Rs 100 crore revenue mark in next three years

Homegrown robotics company Milagrow looks to hit the Rs 100-crore revenue mark in the next three years on account of cost rationalisation of the devices, a senior company official said. Milagrow lost its founder Rajeev Karwal, a pioneer in the field of indigenous commercial robots, to COVID-19 in May 2021 and restarted business under Amit Gupta. "In 2020-21, we registered 1,200 per cent growth. We were doing very well and now restarted the business. We expect to be a Rs 100 crore revenue company in the next three years at conservative estimate. We are going for all kinds of cleaning robots-- floor cleaning, pool cleaning and window cleaning robots," Gupta, who has retained his designation of vice president--the position at which he joined the company, said. He said that the company assembles some products in India and has a dedicated factory in China. Gupta said that the company plans to set up a manufacturing facility in India either in Uttar Pradesh or Uttarakhand after achieving

Dell Technologies at epicenter of data-intensive technology like AI: Ohrie

India is a crucial market for Dell Technologies, both in terms of size and future growth potential

Tech, human resource needed from China to kickstart solar PLI: Indosol

Indosol Solar Private Limited (ISPL) is an SPV formed by Shirdi Sai Electricals Limited (SSEL), which is a Telangana-based power equipment manufacturer

Google Search tests custom filters for results based on keywords, domains

Users can save filters to their Google accounts with custom tags and use them across mobile and desktop for tailored search results

Now, WhatsApp Community members can create events, reply to announcements

Meta said that the ability to create events within a group is first rolling out to Community groups and will be available for all WhatsApp groups in the coming months

Netweb Technologies Q4 results: Net profit up around 3-fold at Rs 29.6 cr

Domestic computer server maker Netweb Technologies posted a nearly three-fold jump in its net profit to Rs 29.6 crore in the fourth quarter ended on March 31, 2024, on account of a boom in demand for artificial intelligence-based solutions. The company had posted a net profit of Rs 10.5 crore in the same period a year ago. Revenue from operations of Netweb Technologies more than doubled to Rs 265.88 crore during the reported quarter from Rs 123.39 crore in the year-ago period. Netweb Technologies' income from AI Systems has grown by about 2.6 times on a year-over-year basis and is now over 11 per cent of operating income. "We are delighted to announce that our company has achieved its highest-ever quarterly and annual income and profits. As stated earlier, AI systems are now clearly progressing towards becoming the third pillar of our growth. This is reflected by its revenue growing 2.6 times YoY, while its contribution to the company's total revenue has grown from 7 per cent in FY

Alphadroid aims to empower hospitality industry with service robots

Robotics company Alphadroid aims to develop a machine that empowers overall business processes with sustainability and cost efficiency

Poor data management an obstacle to leverage AI in enterprises: Report

The report also found organisations to be failing to understand the compute and networking demands across the end-to-end AI life cycle

Tech Mahindra partners with Atento to offer GenAI-powered services

IT company Tech Mahindra on Tuesday said it has partnered with Spain-based Atento to provide generative AI-powered solutions and services to global enterprises. Atento is a customer relationship management (CRM) and business transformation outsourcing (BTO) company in Latin America. "The partnership will deliver end-to-end business transformation solutions and services that leverage Generative AI-powered technologies, as well as customer experience (CX) consulting for customers in the United States, Europe, the Middle East, and Africa and Latin American regions," the company said in a statement. The partnership will provide a comprehensive suite of business process outsourcing (BPO) solutions and services in more than 50 languages, it added.

Amazfit Balance smartwatch gets AI features with ZeppOS 3.5 update in India

Zepp OS 3.5 update is exclusive to the Amazfit Balance smartwatch in India, with subsequent rollouts planned for the Amazfit Cheetah series, Amazfit Falcon, and Amazfit T-Rex Ultra from May onwards

POCO announces e-commerce sale exclusive discounts on smartphones: Details

Select POCO smartphones will be available with a discount of up to Rs 4,000 from May 1 to May 10 on e-commerce platforms Amazon India and Flipkart

Now, OpenAI's ChatGPT remembers details to offer personalised experience

Announced in February, OpenAI's Memory feature is now available to ChatGPT Plus paid subscribers globally, except those in Europe and Korea

Samsung to launch Galaxy F55 5G smartphone with vegan leather finish in May

The Samsung Galaxy F55 5G is expected to be powered by Qualcomm Snapdragon 7 Gen 1, paired with up to 8GB RAM and up to 256GB on-board storage

In the works: Telecom Patent Fund to access costly tech, drive innovation

DoT plans fund to acquire critical licences from global firms for startups and SMEs, boost indigenous R&D

Apple's iPad operating system subject to tough tech rules, says EU

The European executive's decision followed an investigation launched in September last year. Apple's operating system iOS, its browser Safari and its App Store were designated gatekeepers last year

KFin Tech Q4 results: PAT up 31% to Rs 74 crore on growth across verticals

Tech-driven financial services firm KFin Technologies on Monday reported a 30.6 per cent increase in profit after tax (PAT) at Rs 74.5 crore for three months ended March 2024, driven by growth across business verticals. In comparison, the company had posted a PAT of Rs 57 crore in the same quarter preceding fiscal, the firm said in a statement. Revenue from operations surged by 25 per cent to Rs 228.34 crore in the January-March quarter of the financial year (FY) 2023-24, from Rs 183.13 crore in the year-ago period. The company's board has declared a dividend of Rs 5.75 per equity share for FY24. This is subject to shareholders' approval. For the entire financial year 2023-24 (FY24), the company's revenue from operations stood at Rs 837.53 crore, marking a jump of 16.3 per cent year-on-year and profit after tax was at Rs 246 crore in 2023-24, an increase of 26 per cent from the preceding fiscal.

Investors may have a higher focus on deeptech, Gen AI, climate tech in 2024

The report focuses on investment activity across seed and pre-Series A stages, by analysing market information, along with a survey conducted with 22 leading institutional early-stage investors

iPad Pro: Apple to debut M4 chip with support for on-devices AI on May 7

Contrary to previous reports, the top-end model in the Apple iPad line, the iPad Pro, is set to debut with the M4 chip on May 7. Other expected big change on the Apple tablet is the OLED display

Nothing to launch Phone 2a India special edition on Apr 29: What to expect

While the details are scarce, the Phone 2a India special edition could bring improvements based on feedback from the Nothing community