KT Corp, a South Korean telecom company, said that it will join hands with US technology giant Microsoft to develop the local artificial intelligence (AI) and cloud computing industries. Under this strategic partnership, both the companies will jointly conduct AI and cloud research projects, KT officials said, reports Yonhap news agency
KT CEO Kim Young-shub said, "We will do our best to set a milestone in South Korea's digital innovation and swiftly respond to changes in the market through a comprehensive collaboration with Microsoft.”
Meanwhile, Microsoft and Hitachi have announced a projected multibillion-dollar collaboration over the next three years which will help to accelerate social innovation with generative AI.
Through this strategic alliance, Hitachi will propel the growth of the Lumada business, with a planned revenue of USD 18.9 billion in FY2024, and will promote operational efficiency and productivity improvements for Hitachi Group’s 270,000 employees.
Satya Nadella, chairman and CEO of Microsoft said, “We are entering a new era of AI with the promise to deliver transformative business outcomes across every role and industry.”
Hitachi will train more than 50,000 GenAI professionals, the report stated.
ALSO READ: Jio Financial Services unveils JioFinance app.
The application is currently at the beta phase, and it is specifically designed to revolutionize daily financial management and digital banking through an intuitive, user-friendly interface.
According to the official release, the ‘JioFinance’ app is capable of providing a seamless integration of digital banking features like bill payments, UPI transactions and insurance advisory services.
Many brands have introduced Smart ACs, which look like conventional units but are said to be safer and more energy-efficient. It is said that the device comes with more features boasting a variety of smart features. Here in this article, we will be sharing more insights about these ACs and how good are they.
ALSO READ: LinkedIn, Microsoft CEO Satya Nadella fined for Rs 27 lakh by Centre: Know why
It was in May when the Ministry of Corporate Affairs fined Microsoft-owned LinkedIn India, Satya Nadella, and eight other individuals who were found guilty for violating the significant beneficial owner norms under the Companies Act. Nadella is the CEO of Microsoft, who acquired the professional networking platform LinkedIn in December 2016. In a 63-page order, the Registrar of Companies (NCT of Delhi & Haryana) stated that LinkedIn India and the individuals had violated the Significant Beneficial Owner (SBO) norms under the Companies Act, 2013.
Inputs from IANS
