CISCO
Nvidia has rubbed off on India, and that is a warning
Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.
Cisco to establish cybersecurity centre in Taiwan
Cisco to establish cybersecurity centre in Taiwan, partnering with government to address talent shortage and enhance threat intelligence.
Meta hit with privacy complaints over AI plans
A Vienna-based privacy group filed complaints against Meta in 11 European countries over unlawful AI data use. Microsoft announced a $3.2 billion AI investment in Sweden over two years, AMD unveiled new AI chips to challenge Nvidia, and Cisco plans a $1 billion investment in AI startups for secure AI services.
LGBTQIA+ employees have a new ally at workplace in senior leaders
At companies such as GE Aerospace, IBM, LTIMindtree, Deutsche Bank, Cisco, Cummins and Thoughtworks, board members, leaders, people managers as well as teammates are driving a culture of inclusiveness so that LGBTQIA+ workers don’t feel isolated.
NSA Jake Sullivan to visit New Delhi to engage new government on shared India-US priorities: White House
US National Security Advisor Jake Sullivan will visit India to discuss shared priorities with the new government, following a call from President Joe Biden to PM Narendra Modi congratulating him on his re-election and emphasizing their commitment to the Indo-Pacific region.
SaaS startup Testsigma raises $8.2 million led by MassMutual Ventures
Existing investors Accel, Strive and BoldCap also participated in the round, Testsigma said on Wednesday. The company had previously raised $4.6 million in 2022.
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Cisco launches $1 billion AI fund and makes first investments
Cisco through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund.
Bharti names Sharat Sinha CEO of Airtel Business
Bharti Airtel appoints Sharat Sinha as CEO of Airtel Business, effective June 3, 2024. Sinha, with extensive global experience from Checkpoint Software Technologies Ltd and other tech giants, aims to bolster Airtel's portfolio in connectivity and adjacent sectors. Both Sinha and Airtel's management express confidence in enhancing customer value and technological innovations.
Broadcom acquisition of VMWare creating a storm of uncertainty, risk: Nutanix CEO
As part of its slew of announcements on Tuesday, Nutanix said it is working jointly with Cisco to certify Cisco UCS blade servers as part of the strategic partnership between Nutanix and Cisco.
MSDE firms up strategy for trainers’ development; proposes blending of digital and classroom learning
The strategy, developed by the Future Right Skills Network (FRSN), lays out a blueprint to improve the efficiency of existing trainers through recognition, performance evaluation, motivation, and up-skilling and will be validated in different Indian states.
US stocks near record highs with inflation prints in focus
Of the 459 S&P 500 companies that reported through Friday, 77.3% beat analysts' profit estimates, according to LSEG data. The long-term average is 66.7%. At 11:24 a.m. the Dow Jones Industrial Average rose 47.17 points, or 0.12%, to 39,560.01, the S&P 500 gained 2.90 points, or 0.06%, to 5,225.58 and the Nasdaq Composite gained 42.66 points, or 0.26%, to 16,383.53.
Developers spending more time firefighting issues than delivering innovation: Cisco survey
The pressure on developers to rapidly deliver new features is compounded by the constant need to assist SREs and IT operations in ensuring application performance and availability.
Hacker Alert! Over 80% of Indian firms expect cybersecurity incident in 2 years
The 2024 Cisco Cybersecurity Readiness Index, which was released on Thursday, found that only 4% of companies in India are ready to tackle today's threats, with 59% of organisations falling into the "beginner or formative stages of readiness".
Karnataka Innovation Technology Society partners Cisco for cybersecurity skills training
According to the partnership, women will represent half of the trained workforce to help meet the growing need for cyber talent. In addition, the collaboration will include a 'Train the Trainers' programme to empower college faculties with the knowledge and skills required to create a robust cyber ecosystem.
Cisco plans to tech a ride on India’s digitisation wagon
Cisco Systems expects India to become one of its top revenue-generating markets in the next five years. The company is well-positioned to meet the country's growing tech needs, with a focus on cybersecurity, 5G connectivity, data centers, and the digitalization of core sectors. Improving productivity and efficiency through real-time insights is a priority for Cisco in India.
Cisco announces it is laying off thousands of workers
Cisco announces workforce reduction, affecting 5% of global employees or over 4,000 jobs. Layoffs in Silicon Valley may increase as industry shifts towards artificial intelligence. Tech layoffs in late 2022 and early 2023 were significant. Cisco reports revenue decrease. CEO emphasizes innovation for growth.
Cisco to lay off more than 4,000 employees, lowers annual revenue forecast
Analysts expect demand for Cisco's products to remain under pressure, as clients in the telecom industry restrict spending, prioritizing clearing their excess inventory of networking gear.
Cisco to lay off thousands of employees to focus on high growth areas
The San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website. The company is still deciding on the total number of employees to be affected by the layoffs, one person said.
California gov dept says caste not essential part of Hinduism, amends 2020 complaint
California's Civil Rights Department has amended its 2020 complaint regarding alleged caste discrimination at a Silicon Valley tech giant, removing the assertion that caste is intrinsic to Hinduism. However, issues persist with reliance on flawed surveys and counterfactual statements, according to the Hindu American Foundation (HAF).
Karnataka signs MoUs worth Rs 23,000 crore at WEF meet: Minister Patil
Karnataka government signed eight MoUs worth Rs 23,000 crore with global companies at the World Economic Forum meet in Davos. Agreements include Web Werks' Rs 20,000 crore investment for a hyper-scale data centre and Microsoft's commitment to digital skilling interventions. Five companies across sectors of digital healthcare, smart city infrastructure, renewable energy, and data centres also signed MoUs worth Rs 3000 crore.
India-US relationship multidimensional, unprecedented: Former top official Ajay Kumar
The former top official said that the relationship with the US has become important because of iPhone maker Apple coming to India for product manufacturing, and added that car maker Tesla's discussions with the Indian government are on while space giant SpaceX is likely to make inroads into the country next year.
India at a pivotal moment in its history: Cisco Chairman Emeritus
hairman Emeritus of US network gear maker Cisco John T Chambers said these opportunities and growth will be driven by initiatives like Digital and AI India, as well as India's eagerness and openness to build collaborative, strategic partnerships with the US and other key global players. Earlier this month, S&P Global Ratings had said India will be the world's third-largest economy by 2030.
Cisco defeats Centripetal patent case that led to $2.75 billion award
Reston, Virginia-based Centripetal sued Cisco in 2018, claiming Cisco's routers, network-security software and other products infringed patents related to Centripetal's technology for blocking security threats from entering a computer network.
Wall St rally takes breather as Cisco, Walmart drop
While money markets have fully priced in a probability that the Fed will hold rates steady in its December meeting, they see about 62% odds of an at least 25 basis point rate cut in May, according to CME Group's FedWatch tool.
Cisco slumps over 12% after cutting annual profit, revenue forecasts
The company was set to lose more than $25 billion in market value, if losses hold, based on its share price of $46.90, after it lowered its projections for profit and revenue for fiscal year 2024 on Wednesday.
Only 26% of organisations surveyed in India ready to deploy AI: Cisco study
While AI adoption has been slowly progressing for decades, the advancements in generative AI, coupled with public availability in the past year, are driving greater attention to the challenges, changes and new possibilities posed by the technology.
Cisco lowers annual forecasts on slowdown in new orders
The company has in recent years grappled with supply chain issues and a post-pandemic slowdown in demand, which has hastened its push into software offerings like cybersecurity.
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