Microsoft Partners with KT Corp on Cutting-Edge AI and Cloud Innovations
KT Corp, a South Korean telecommunications company, announced its collaboration with US technology giant Microsoft to advance the local AI and cloud computing sectors. According to KT officials, the strategic partnership will involve joint AI and cloud research projects. 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”.
Microsoft and Hitachi have unveiled a multibillion-dollar partnership set to span the next three years, aimed at accelerating social innovation through generative AI. This strategic alliance will drive the growth of Hitachi's Lumada business, targeting a revenue of USD 18.9 billion in FY2024. Additionally, it will enhance operational efficiency and productivity 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.”
According to the report, Hitachi plans to train over 50,000 GenAI professionals. Currently in the beta phase, the application aims to transform daily financial management and digital banking with an intuitive, user-friendly interface. The official release states that the JioFinance app offers seamless integration of digital banking features such as bill payments, UPI transactions, and insurance advisory services.
Numerous brands have unveiled Smart ACs, which resemble traditional units yet are purportedly safer and more energy-efficient. These devices tout additional features and promise a range of smart functionalities. In this article, we delve into these ACs, exploring their capabilities and effectiveness.
In May, the Ministry of Corporate Affairs imposed fines on LinkedIn India, along with Satya Nadella and eight other individuals, for breaching significant beneficial owner regulations outlined in the Companies Act. Nadella, Microsoft's CEO, acquired the professional networking platform LinkedIn in December 2016. According to a 63-page order by the Registrar of Companies (NCT of Delhi & Haryana), LinkedIn India and the implicated individuals were found to have violated the Significant Beneficial Owner (SBO) norms stipulated in the Companies Act of 2013.
