NTT Data Expands India Workforce Japanese technology firm NTT Data plans to increase its India workforce by 5,000 employees this year. The expansion will span software programming, consulting and IT support roles. A senior executive confirmed the hiring plan to Reuters. Sudhir Chaturvedi, chief growth officer and chief executive officer of North America, said large IT contracts worth more than 100 million dollars have doubled over the past 12 months. Moreover, these deals have emerged from manufacturing, logistics and the public sector. He added that North America has returned to growth. Therefore, the company expects strong growth in the next…
Author: Kanika Sharma
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Binance co chief executive Richard Teng on Thursday said Greece’s labour force and security profile gave it an advantage over larger financial centres as the company chose a regulatory base in Europe. Greece Chosen For European Base Last month, Binance applied in Greece to operate in the European Union under the Markets in Crypto Assets Regulation scheme. Under MiCA rules, crypto companies must secure a licence by July 2026 to continue operating in the bloc. Although Greece has yet to issue a MiCA licence, regulator data show that Germany has issued 45 and the Netherlands 22. Therefore, the choice stands…
The Pentagon has asked defence contractors to assess their reliance on Anthropic, according to a person familiar with the matter. The request comes ahead of a Friday deadline for the artificial intelligence provider to respond to a demand to eliminate certain safeguards. Reuters reported that the Department of Defense has engaged in a months long dispute with Anthropic. However, the company has no intention of easing its usage restrictions for military purposes. Pentagon Seeks Contractor Assessments The Pentagon has contacted major contractors as it weighs its options. In particular, it asked companies to detail how much they depend on Anthropic’s…
Neysa Secures 600 Million Dollar Backing From Blackstone To Expand AI Infrastructure Indian artificial intelligence infrastructure startup Neysa has secured major backing from U.S. private equity firm Blackstone as it scales domestic computing capacity in line with India’s push to strengthen homegrown AI capabilities. Blackstone, alongside co investors including Teachers’ Venture Growth, TVS Capital, 360 ONE Asset and Nexus Venture Partners, has agreed to invest up to 600 million dollars in primary equity. The deal gives Blackstone a majority stake in the Mumbai headquartered startup. In addition, Neysa plans to raise another 600 million dollars in debt financing to expand…
India 100 Million Weekly Active ChatGPT Users India now has 100 million weekly active ChatGPT users, making it one of the largest markets globally for OpenAI, Chief Executive Sam Altman said ahead of a government hosted artificial intelligence summit. Altman shared the figures in an article published in The Times of India on Sunday, just before the start of the five day India AI Impact Summit in New Delhi. He is attending the gathering alongside senior executives from several leading AI companies. India Emerges As Key Growth Market Altman said India represents ChatGPT’s second largest user base after the United…
Turkey Reviews Children Data Practices On Six Social Media Platforms Turkey’s data protection authority has launched a review into six major social media platforms to assess how they process children’s personal data. The move signals closer scrutiny of digital platforms and their responsibilities towards younger users. Authority Launches Formal Review The Personal Data Protection Authority announced late on Friday that it had begun examining the data handling practices of leading social media companies. The review focuses specifically on how these platforms collect, process and safeguard children’s personal information. According to the authority, the initiative aims to shield children from potential…
Global equity funds attracted their strongest inflows in five weeks in the seven days to February 18, as easing concerns over artificial intelligence stocks revived investor confidence. At the same time, investors rotated into other sectors, which further supported demand. Meanwhile, renewed hopes for Federal Reserve rate cuts improved sentiment towards US growth assets. Investors channelled $36.33 billion into global equity funds during the week, according to LSEG Lipper data. Consequently, this marked the largest weekly inflow since January 14. The rebound followed a period of volatility linked to artificial intelligence shares. Inflation Data Lifts Market Mood Last Friday, US…
Architecting India’s AI Future With Autonomy, Infrastructure And Mass Empowerment Prime Minister Shri Narendra Modi inaugurated the India AI Impact Summit 2026 at Bharat Mandapam in New Delhi. Addressing the gathering, he said that 140 crore Indians stand ready to embrace emerging technologies. On their behalf, he welcomed Heads of Government, global AI leaders and innovators attending the summit. Alongside the main event, prominent global CEOs delivered keynote addresses. Arthur Mensch, CEO and Co founder of Mistral AI, Rajesh Subramaniam, CEO of FedEx, Jeet Adani, Director of Adani Digital Labs, and Vinod Khosla, Founder of Khosla Ventures, explored how Artificial…
Nvidia is close to finalising a 30 billion dollar investment in OpenAI, according to a report by the Financial Times. The proposed agreement would replace the long term 100 billion dollar commitment that the companies announced last year. Sources told the newspaper that both sides have entered the final stages of negotiations. New Funding Round Takes Shape The report states that the deal forms part of a new funding round for the artificial intelligence start up. Moreover, the companies could conclude the agreement as early as this weekend. Such a move would mark a significant shift from the previous multi…
Telegram Rejects Russian Allegation Of Encryption Breach Telegram has rejected claims by the Russian government that its encryption has been compromised. The messaging app said it found no evidence of any breach and dismissed allegations that foreign intelligence services can access messages sent by Russian soldiers. In a statement issued in response to a request from Reuters, the company strongly denied the accusation. It said the allegation was a deliberate fabrication. Firm Denial Of Encryption Breach Telegram stated that its systems remain secure. Moreover, it said no vulnerabilities have undermined its encryption protocols. Therefore, it rejected the suggestion that third…