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ARTIFICIAL INTELLIGENCE IN INSURANCE
HCLTech acquires Guardian India Operations for $10.5 millionThe company also signed a fresh seven-year technology services agreement with the insurer. The acquisition is expected to close on August 1...- Mutual funds cut IT exposure to all-time low of 5.9% in June. Contrarian opportunity or signal for caution?Mutual funds have reduced their technology sector allocation to 5.9 per cent. This marks an all-time low, reflecting investor caution and p...
- Wipro Q1 Preview: Under pressure from AI, what can investors expect from earnings?Wipro's Q1 earnings are expected to show a revenue rise, driven by acquisitions and currency. Core IT services revenue may decline sequenti...
- TCS’ annualised AI revenue rises to $2.6 billion in Q1The AI momentum came as TCS posted a 5% year-on-year rise in consolidated net profit to Rs 13,349 crore for the quarter ended June 30, whil...
- Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email showsThe regulator, the Office of the Superintendent of Financial Institutions, sent the email to chief technology officers, chief information s...
- Govt eyes uniform digital platform username rulesThe platforms, which currently rely on mobile phone numbers for user identification, had submitted their formal responses to the government...
- AI making phishing harder to spot even for the tech savvy: CERT-In chiefSanjay Bahl says AI has amplified existing cyber threats, underscoring the need for stronger cyber hygiene, continuous monitoring and regul...
- HCLTech’s Q1 net profit rises 20% to Rs 4,624 croreThe Noida-headquartered company reported a 12% growth in revenue year-on-year for the April-June period to Rs 34,579 crore, although it gre...
- South Korea’s world-beating stocks are now trading cheaper than ever! Time to bulk up?South Korea's benchmark Kospi index has surged about 80% this year to record highs, yet its valuation has fallen to a historic low as corpo...
- 'Scam Altman' vs 'homeboy': Elon Musk and Sam Altman lock horns after Apple lawsuitElon Musk and Sam Altman reignited their public feud after Apple sued OpenAI over alleged trade secret theft. Musk accused Altman of "scamm...
- Rinki Singh and Bhartendu Shandilya position Digizene for next phase after pre-seed roundDigizene announced its Pre-Seed funding round with investment from Arun Kar. Kar also joined the company as a co-founder, bringing global e...
- Microsoft layoffs: Here's the severance package employees are getting after latest job cutsMicrosoft offers up to 39 weeks of pay and continued benefits to laid-off workers. This generous package includes stock vesting and health ...
- Zostel hits Oyo IPO filings; PhonePe’s new CTOZostel asked Sebi to review Oyo’s IPO filings, escalating their dispute over the Zo Rooms acquisition. This and more in today's ETtech Top ...
- Warren Buffett's successor puts record $400 billion cash pile to work. What's he buying?Greg Abel has started deploying Berkshire Hathaway's record cash pile after taking over as CEO from Warren Buffett. With nearly $400 billio...
- New AI law may focus on graded, risk-based regulations: OfficialsThis may result in minimal regulation for low-risk AI such as chatbots, productivity tools, recommendation systems, while ensuring stricter...
- Portugal launches first open-source AI model, joining Europe's sovereignty pushPortugal has unveiled its inaugural open-source artificial intelligence model, named Amalia, a significant step towards European AI soverei...
- Cigna invests $100 million in new AI-powered specialty pharmacy programCigna's Evernorth has unveiled Pharmacy Forward, an AI-driven specialty pharmacy program backed by a $100 million investment. This initiati...
- Saints & Masters expands multi-cloud play with Xencia acquisitionThe deal comprises a mix of equity, debt and share swap, and follows S&M's earlier acquisition of AWS partner Nubinix Technologies in March...
- Fibe parent files draft papers with Sebi for IPO; aims to garner Rs 750-cr via fresh issueDigital lending platform Fibe's parent company, Social Worth Technologies, is set to launch an Initial Public Offering (IPO). The company a...
- Venture capitalist Chamath Palihapitiya's 8090 raises $135 million led by Salesforce VenturesAnnounced by Palihapitiya on Monday, the round also drew participation from WNDR, Craft Ventures, The Production Board, and LAUNCH, along w...
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