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Tag: GenAI

  • Over Half Of Smartphones Projected To Be GenAI-Ready By 2028 Globally |

    New Delhi: More than half of smartphones shipped in 2028 are projected to be GenAI capable, as broader use cases continue to emerge and availability expands across price segments, according to a new report.

    The global smartphone market has reached maturity, and shipments are expected to remain stable in the coming years. Growth will likely be driven by emerging markets like India, MEA and Southeast Asia.

    “We expect smartphone revenues to continue to grow through 2028 as the premiumisation trend continues across markets. New technologies like GenAI and foldables are also likely to drive average selling price (ASP) growth as adoption rates rise,” said Counterpoint Research Director Tarun Pathak.

    While the smartphone market has enjoyed strong YoY growth over the last few quarters, it is mainly due to a recovery in macroeconomic conditions and consumer demand. While shipment growth may have slowed in recent quarters, global smartphone revenue growth accelerated in Q3 2024, recording 10 per cent YoY growth to reach the highest-ever levels for a third quarter.

    Apple led the market in smartphone revenues capturing a 43 percent share and recording its highest-ever Q3 revenues, shipments, and ASPs. A slightly earlier launch of the iPhone 16 series, a product mix increasingly favoring Pro versions and continued expansion in non-core markets drove Apple’s success in Q3, said Research Director Jeff Fieldhack.

    With most major brands recording strong revenue growth, the $400 and above segment gained a net 2% per cent share YoY in Q3 2024. The ongoing premiumisation wave, observed across regions, has incentivized OEMs to rethink their premium portfolio and device financing strategies.

    The report expects the premiumisation trend to continue in the coming years and project global smartphone ASPs to rise at a CAGR of 3 per cent from 2023 through 2028.

  • Infosys, Microsoft Expand Collaboration To Help Boost GenAI Adoption Globally |

    Bengaluru: Tech majors Infosys and Microsoft on Wednesday announced to expand their collaboration to help accelerate customer adoption of generative AI and Microsoft Azure globally.

    The move is aimed at helping Infosys’ and Microsoft’s joint customers realize the value of their technology investments and secure transformative outcomes. Infosys became an early adopter of GitHub Copilot. It currently has over 18,000 developers who have generated and used more than 7 million lines of code from Copilot.

    “This collaboration addresses various business problems by delivering heightened value to clients through a customer-centric approach, providing scalability, agility, and cost-efficiency across key sectors like finance, healthcare, supply chain and telecommunications,” said Anand Swaminathan, EVP and Global. Industry Leader – Communications, Media and Technology, Infosys.

    Infosys recently launched an industry-first, GitHub Center of Excellence (CoE). The company said that in conjunction with Microsoft’s technology and its own industry-leading AI and Cloud suite of offerings, Infosys Topaz and Infosys Cobalt, as well as its AI-powered marketing suite Infosys Aster, the collaboration will help enhance customer experiences and drive the global adoption of enterprise AI.

    Many of these solutions will be available on Azure Marketplace, allowing customers to utilize their Microsoft Azure Consumption Commitment (MACC), creating a mutually beneficial market proposition.

    Nicole Dezen, Chief Partner Officer at Microsoft, said that the expanded collaboration with Infosys will transform industries, enhance business operations, elevate employee experiences, and deliver new value for customers.

    “Together, we will harness the power of generative AI to deliver innovative solutions, drive AI Adoption and enable unprecedented innovation for customers,” said Dezen.

    AI developer productivity benefits could boost global GDP by over $1.5 trillion by 2030. A recent GitHub study revealed that users accept nearly 30 per cent of code suggestions from GitHub Copilot and report increased productivity from these acceptances within the first year in the market.

    GitHub Copilot has been activated by more than one million developers and adopted by over 20,000 organizations.

  • Adobe To Offer Experience Platform-Based Applications Via Data Center In India |

    New Delhi: Keeping with India’s data localization norms, software major Adobe on Tuesday said that its Experience Platform-based applications will be available for enterprise customers via an India data center later in the year.

    The move, said the company, will deliver on local data residency requirements and improve performance through lower latency.

    “We’ve seen increasing demand for Adobe Experience Platform-based applications from customers across banking financial services and insurance, telecom, manufacturing, and retail,” said Prativa Mohapatra, Vice President and Managing Director, Adobe India. (Also Read: Qualcomm Rolls Out Powerful Snapdragon Chip With GenAI And LLM Support In India)

    “We are excited to meet their hyper-growth requirements with the availability of Adobe Experience Platform-based applications, hosted via an India-based data centre,” she added.

    The data center will allow Indian companies to access Adobe Experience Platform-based applications including Adobe Real-Time Customer Data Platform, Adobe Journey Optimizer, and Adobe Customer Journey Analytics. (Also Read: Vivo X100s And Vivo X100s Pro Launched With Android 14; Check Specs, Price And Other Details)

    The company currently has customers like Air India, ICICI Bank, HDFC Bank, Bajaj Allianz, Tata Motors and MakeMyTrip. Apart from this, Adobe is developing its own image-generation AI system called Firefly, which is trained on data that Adobe has rights to, in order to avoid copyright infringement claims against users.

  • Microsoft, Wipro To Launch GenAI-Powered Assistants For Financial Services | Companies News

    New Delhi: Leading technology services and consulting company Wipro on Monday announced that it is teaming up with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI).

    According to the company, the cognitive assistants will provide financial professionals with deep market intelligence and appropriate and timely information on investment products and investor behaviour.

    “This new solution set, powered by Microsoft, will help provide better and faster market and product intelligence to financial advisors and banking professionals, enabling them to deliver more personalised and timely service to clients,” Suzanne Dann, CEO of Americas 2 Strategic Market Unit at Wipro Ltd, said in a statement.

    “These solutions will also reduce the multiple – often repetitive – steps needed to onboard new investors or originate loans, cutting down the time spent on paperwork,” she added. Wipro’s new GenAI-powered cognitive assistants will be powered by Microsoft Azure Open AI and available on Azure App Services.

    The solutions will also utilise Microsoft Azure Document Intelligence, which uses advanced machine learning to extract text, key-value pairs, and structures from documents.

    “Wipro has extensive financial services expertise, and we know that their new AI-powered virtual assistants will deliver innovation, scale and meaningful business value for customers,” said Bill Borden, Corporate VP, Worldwide Financial Services at Microsoft.

  • HCLTech, Google Cloud Launches Initiative To Scale ‘Gemini’ To Global Firms |

    New Delhi: HCLTech on Wednesday announced an expanded partnership with Google Cloud to create industry solutions and drive business value with the tech giant’s multimodal large language Artificial Intelligence (AI) model ‘Gemini’.

    With this, HCLTech will enable 25,000 engineers on Gemini for Google Cloud to help mutual clients innovate and optimize their businesses with GenAI.

    “This collaboration will bring to market HCLTech’s innovative GenAI solutions using Google’s most capable and scalable Gemini models. We believe this helps us to bring even more value to global enterprises through the company’s differentiated portfolio,” C Vijayakumar, CEO & MD, HCLTech, said. in a statement. (Also Read: Tech Showdown: OnePlus Nord CE 4 5G Vs OnePlus Nord CE 3 5G; Which Smartphone Should You Buy at Rs 25,000 Price Segment?)

    Moreover, the company said that it will enhance the recently launched HCLTech AI Force platform with Gemini’s advanced code completion and summarization capabilities, which will allow engineers to generate code, remediate issues and accelerate the delivery time and quality of software projects for clients.

    “By enabling 25,000 engineers on Google Cloud’s latest generative AI technology, HCLTech can provide the expertise and technical skills that clients need to successfully deploy and manage GenAI projects at scale,” said Thomas Kurian, CEO, Google Cloud.

    HCLTech will also use Gemini models to strengthen and expand the portfolio of industry solutions built out of its dedicated Cloud Native Labs and AI Labs, which focus on accelerating client innovation and are staffed by leading AI experts and engineers, the company said. (Also Read: Realme 12X 5G With 50MP AI Camera Setup And Android 14 Launched In India At Rs 11,999; Check Specs)

    Both labs will enable clients to better scope, manage and refine GenAI projects on Google Cloud’s infrastructure.

  • TCS Achieves New Milestone; 3.5 lakh Employees Trained In Generative AI Skills

    It became the inaugural tech company to establish a specialized business division solely focused on AI and cloud services in 2023.