CISCO SYSTEMS
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.
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.
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.
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.
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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 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.
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).
IIT-Roorkee sees 802 job offers in first 15 days of final placements
Accenture Japan, American Express, Axis Bank, Axtria India, Bajaj Auto & Chetak Technology, Bharat Petroleum Corporation, Cisco, EXL Service, Futures First, Google, ICICI Bank, Jaguar Land Rover India, JP Morgan & Chase, Merilytics, Microsoft, Navi, Oracle India., Qualcomm India, Reliance Industries, Sprinklr, Texas Instruments and Zepto were among the companies that participated in the placements drive, according to the statement issued by IIT-R.
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.
US stock market: S&P 500 barely gains while Dow ends lower as Cisco and Walmart drag
Walmart shares sank 8.1% a day after touching a record high. The retail giant said U.S. consumers were spending cautiously because of inflation, even as it raised its annual forecast for sales and profit.
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 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.
Cisco's $28 billion Splunk deal may ignite software deal frenzy
Splunk, a cybersecurity and data analytics firm, was in the process of shifting its business model from licensing its software to charging for subscriptions when it announced an agreement last week to sell itself to Cisco, making it the third-largest software acquisition of all time.
Cisco beefs up cybersecurity play with $28 billion Splunk deal
Cisco's offer price of $157 per share in cash, represents a premium of about 31% to Splunk's closing price on Wednesday.
IT hardware companies may be told to register for imports in FY24
The Indian government is considering implementing a registration mechanism for IT hardware imports for the current fiscal year, with no quotas or licensing requirements. This move would provide relief to major tech brands such as HP, Dell, Apple, Samsung, Lenovo, Asus, and Acer. The government plans to monitor the source and value of devices as part of an import management system, allowing companies to bring in as much as they require to meet demand.
Jayshree V Ullal rises on Forbes list of richest self-made women in America
Jayshree V Ullal, CEO and President of Arista Networks, is now one of the richest self-made women in America with a net worth of $1.9 billion dollars in 2022. Ullal’s success story began with humble beginnings, overcoming profitability challenges and taking Arista Networks to its IPO in 2014. Before joining Arista, she generated billions of dollars for Cisco, and held prestigious positions in renowned companies such as AMD, IBM, and Hitachi.
Public-private engagement essential for AI regulation: Cisco executive Jeetu Patel
The comments from the San Jose-based multinational have come on the close heels of technology giants such as Microsoft and Google advocating a regulatory framework for AI.
Cisco launches AI networking chips to take on Broadcom, Marvell
Cisco said the latest generation of its ethernet switches, called G200 and G202, have double the performance, compared with the previous generation, and can connect up to 32,000 GPUs together.
Reliance Jio demonstrates ambition to deliver innovative services: Cisco CEO
US-based telecom company Cisco's CEO Chuck Robbins said that billionaire Mukesh Ambani-owned Reliance Jio has demonstrated impressive capabilities and has ambitious plans to delight customers with new offerings. Cisco is hopeful that it can help Reliance Jio in its journey. Robbins also said that 5G and private 5G is a big opportunity for Cisco and they have started working on it.
Cisco to manufacture from India in diversification move
Cisco sells a range of networking equipment and software to connect devices to the internet.
US court spikes caste bias case against Cisco employees
While the CRD has voluntarily sought the dismissal of the case against the two Indian-American employees of Cisco, it is still processing the case against the US-based tech company. The reason for the CRD’s move wasn’t immediately known.
Cisco forecast raise allays tech spending fears, lifts shares
The maker of routers and other products that run computer networks and the internet said customers were keeping investments steady in systems related to cloud, artificial intelligence and tools for hybrid work.
Apple’s tech supply chain shows difficulty of dumping China
It’s one thing to look outside China for other makers of toys and t-shirts. But US technology firms invested more than two decades, and tens of billions of dollars, setting up complex production chains to provide essential goods for the e-commerce boom.
Wall Street ends higher, Cisco Systems jumps after forecast
Meanwhile, Cisco's stock gained 5.8% and was among the biggest positives on the three major indexes, after it provided an upbeat forecast for first-quarter sales late on Wednesday as a COVID-19 recovery in China eased supply chain shortages.
Caste in California: Tech giants confront ancient Indian hierarchy
Apple confirmed that it "updated language a couple of years ago to reinforce that we prohibit discrimination or harassment based on caste."
Semiconductor: Shortages of some chips drag on even amid signs of industry rout
Chip bottlenecks have hit companies from Cisco Systems Inc. to Ford Motor Co., costing billions of dollars in lost revenue because they can’t get enough semiconductors for their products.
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