Morning Daily - 2024-04-29

Morning Daily 2024-04-29

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ETCIO Newsletter | Monday, April 29, 2024

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ET CIO Conclave: Leading digital into 2024
This year's ET CIO conclave revolves around transformative strategies and cutting-edge technologies that will define the next phase of digital management and innovation. Under the theme "Leading Digital Into 2024," the summit is designed to furnish technology leaders with the insights and tools nee...  read more...
Firms rush to recruit chief AI officers amid tech frenzy
Companies scramble for AI talent, hiring CAIOs and other AI leadership roles. Top firms like Harman, Blackrock, and Deloitte emphasize the importance of AI leadership as AI becomes more integral to business operations worldwide.  read more...
TCS CTO Ananth Krishnan will retire in October
Harrick Vin, TCS fellow and chief services innovation officer, is among the new SMPs and he replaces Krishnan.  read more...
Tesla to spend USD 10 billion on AI this year
The Tesla CEO and SpaceX founder informed in a post on 'X'- "Tesla will spend around $10B this year in combined training and inference AI, the latter being primarily in car. Any company not spending at this level, and doing so efficiently, cannot compete".  read more...
New WEF report shows how AI could transform education
The report was released during the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development which convenes key global stakeholders in Riyadh, Saudi Arabia, on 28-29 April, to enable comprehensive dialogue on global cooperation, sustainable growth and promoting ...  read more...
Optimistic about long-term growth: HCLTech CEO
Unlike some of its peers, HCL's banking and financial services business emerged as its top-performing vertical, growing 2.8% sequentially and 12.1% year-on-year in constant currency in 2023-24. This growth occurred despite a muted macroeconomic environment, with no pickup in discretionary spending ...  read more...
Former Tech M India business head quits to set up AI startup
Without disclosing the name of the company, Jagdish Mitra said the firm will focus on manufacturing, retail, and sportstech and operate both from the US as well as India.  read more...
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