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Wipro to acquire IT verticals of Metro AG in a $700-million deal

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NEW DELHI: India-based information technology firm Wipro has announced a significant strategic digital and IT partnership deal with METRO AG, the leading global wholesale company that is redefining the food service distribution industry.

As a part of this transaction, Wipro will take over the IT units of METRO AG — METRO-NOM GMBH in Germany and METRO Systems Romania S.R.L.

Through this partnership, more than 1,300 employees across Germany, Romania and India will transfer to Wipro, providing them with new opportunities to advance their careers, access innovation, work with leading digital technologies and adopt new ways of working that enable agility, speed and scale in engineering.

The estimated deal value for the duration of the first 5 years is approximately $700 million. With the intention to extend up to 4 additional years, it can be a potential spend of up to $1 billion. Wipro will deliver a complete technology, engineering and solutions transformation program for METRO as it positions itself as a Wholesale 360-degree provider in the hotel, restaurant and catering food industry fuelled by quality, focus and flexibility. Wipro’s transformation program will encompass cloud, data center services, workplace and network services, along with application development and operations to provide an integrated, flexible and robust digital infrastructure to help drive METRO’s transformation agenda.

“We are at a stage where we want to focus on the activities that are going to give us the strongest possible competitive advantage and to do that, we need to be confident in the digital infrastructure that underpins our growth. Partnering with Wipro allows us to simplify and streamline our IT landscape, and critically gives us access to innovation and the best digital practices,” commented Timo Salzsieder, CIO, METRO AG.

“The Metronomians who are transferring across to Wipro are going to have access to leading edge innovations that will accelerate their careers. I look forward to the continued close collaboration and partnership with the Metronomians who will continue to support our IT needs in 25 METRO countries,” Timo added.

At the heart of the partnership is the formation of a joint Transformation Office and Innovation Council that will guide the businesses through the transformation and ensure collaborative innovation throughout the partnership.

Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited said, “Like us, METRO AG is focused on leveraging digital transformation for competitive advantage. Wipro’s role is to make that transformation efficient and effective. Equally important for us is welcoming 1,300 new colleagues to Wipro and ensuring this move is positive and empowering for each of them. Wipro and METRO share a great deal in terms of culture and values, which has guided our discussions throughout, and led to the formation of the joint Transformation and Co-Innovation Council. Our relationship with METRO is a significant and strategic partnership.”

As previously announced, Wipro also plans to launch a Digital Innovation Hub in Düsseldorf, Germany to support METRO and other clients in the region. The proposed Digital Innovation Hub will serve as Wipro’s flagship centre in Europe and enable organisations to cross skill and upskill, besides supporting talent development in local communities. The Digital Innovation Hub will aim to galvanise adoption of new skills and technologies by companies to innovate and re-imagine their products and services, improve operational efficiencies, and drive customer and employee delight, thereby transforming their ability to compete and thrive in the market.

The take over is subject to customary closing conditions and regulatory approvals and is expected to close on or before April 30, 2021. The transaction was assisted by the global strategy consulting firm EY-Parthenon.

 

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After OLED, its Google TV; Panasonic expands its TV Portfolio in India

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NEW DELHI: Panasonic Life Solutions India – a diversified technology company, today announced the launch of its new range of Google TVs. This follows the successful launch of OLEDs recently. The company plans to introduce a total of 23 new models of television powered by the Google TV platform.

The latest range of Google TVs, featuring 4K HDR and Smart capabilities are designed to provide an immersive and unparalleled viewing experience to consumers. Panasonic’s new range of TVs are available in different display size options (including 32’, 43’, 55’, 65’, and 75’ inches) and ranges between Rs 19,990 to Rs 3,19,990. These will be available at Panasonic stores, dealer networks and key e-commerce platforms.

Commenting during the launch, Fumiyasu Fujimori, Managing Director, Panasonic Marketing India, Panasonic Life Solutions India, said, “As a leading consumer technology company, we are excited to introduce our new range of Google TVs to the Indian market. Our TVs are designed to deliver exceptional picture quality and immersive sound, providing customers with an unparalleled viewing experience. The addition of Google TV to our robust TV portfolio reinforces our commitment to providing the latest technology, and innovation to the customers.”

Fujimori san added, “With an intuitive interface, preference prompts, one can control their TV and search for content using voice commands with Google Assistant. The platform also allows users to customize their home screen with their favourite OTT apps and channels and make their own watchlist, enabling them to add shows and movies from their TV, mobile app or Google Web by simply clicking the watchlist icon. Moreover, the platform offers an easy-to-browse streaming experience across all apps, displaying everything the user stream on one screen. In addition, the TVs come with built-in Chromecast, allowing users to cast content from their phone or tablet directly to their TV.”

Panasonic’s Google TV series is designed to provide customers with the ultimate entertainment experience by enhancing the four key elements of television – Display, Sound, Connectivity, and Design.

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White House meets Microsoft, Google CEOs on AI dangers

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The White House is hosting CEOs of top artificial intelligence companies, including Alphabet Inc’s Google and Microsoft, on Thursday to discuss risks and safeguards as the technology catches the attention of governments and lawmakers globally. Generative artificial intelligence has become a buzzword this year, with apps such as ChatGPT capturing the public’s fancy, sparking a rush among companies to launch similar products they believe will change the nature of work.

Millions of users have begun testing such tools, which supporters say can make medical diagnoses, write screenplays, create legal briefs and debug software, leading to growing concern about how the technology could lead to privacy violations, skew employment decisions, and power scams and misinformation campaigns. President Joe Biden has also used ChatGPT, a White House official told Reuters. “He’s been extensively briefed on ChatGPT and (has) experimented with it,” said the official, who asked that they not be named.

Thursday’s two-hour meeting which began at 11:45 am ET (1545 GMT), will include Google’s Sundar Pichai, Microsoft Corp’s Satya Nadella, OpenAI’s Sam Altman and Anthropic’s Dario Amodei, along with Vice President Kamala Harris and administration officials including Biden’s Chief of Staff Jeff Zients, National Security Adviser Jake Sullivan, Director of the National Economic Council Lael Brainard and Secretary of Commerce Gina Raimondo. “We aim to have a frank discussion about the risks we see in current and near-term AI development,” said a senior administration official, speaking on condition of anonymity. “Our North Star here is this idea that if we’re going to seize these benefits, we have to start by managing the risks.”

Ahead of the meeting, OpenAI’s Altman told reporters the White House wants to “get it right.” “It’s good to try to get ahead of this,” he said when asked if the White House was moving quickly enough on AI regulation. “It’s definitely going to be a challenge, but it’s one I’m sure we can handle.”

The administration also announced a $140 million investment from the National Science Foundation to launch seven new AI research institutes and said the White House’s Office of Management and Budget would release policy guidance on the use of AI by the federal government. Leading AI developers, including Anthropic, Google, Hugging Face, NVIDIA Corp, OpenAI, and Stability AI, will participate in a public evaluation of their AI systems.

Shortly after Biden announced his reelection bid, the Republican National Committee produced a video featuring a dystopian future during a second Biden term, which was built entirely with AI imagery. Such political ads are expected to become more common as AI technology proliferates.

United States regulators have fallen short of the tough approach European governments have taken on tech regulation and in crafting strong rules on deepfakes and misinformation. “We don’t see this as a race,” the senior official said, adding that the administration is working closely with the U.S.-EU Trade & Technology Council on the issue.

In February, Biden signed an executive order directing federal agencies to eliminate bias in their AI use. The Biden administration has also released an AI Bill of Rights and a risk management framework. Last week, the Federal Trade Commission and the Department of Justice’s Civil Rights Division also said they would use their legal authorities to fight AI-related harm. Tech giants have vowed many times to combat propaganda around elections, fake news about the COVID-19 vaccines, pornography and child exploitation, and hateful messaging targeting ethnic groups.

But they have been unsuccessful, research and news events show. Just about one in five fake news articles in English on six major social media platforms were tagged as misleading or removed, a recent study by activist NGO Avaaz found.

Source: Reuters

 

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Airtel announces its largest ever 5G roll-out in 125 cities

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NEW DELHI: Bharti Airtel, India’s telecommunications services provider, today announced the launch of its ultra-fast 5G services in 125 cities. Airtel 5G Plus service is now available to customers in over 265 cities in the country.

Airtel 5G Plus has three compelling advantages for customers. First, it runs on a technology that has the widest acceptance in the world with the most developed ecosystem. This ensures that all 5G smartphones in India seamlessly work on the Airtel network. Second, the company promises to deliver the best experience – between 20 to 30 times higher speeds than today coupled with brilliant voice experience and super-fast call connect. Finally, Airtel 5G Plus network will also be kinder to the environment with its special power reduction solution. Powered by the reliable Airtel network infrastructure, Airtel 5G Plus will provide superfast access to High-Definition video streaming, gaming, multiple chatting, instant uploading of photos et all.

Commenting on the launch, Randeep Sekhon, CTO, Bharti Airtel said, “5G has revolutionized the world of internet, ushering new era of connectivity and communications that will prove to be a game-changer for the country. At Airtel, we remain committed to delivering the highest quality of network and service to our customers as we roll-out 125 more cities today. Airtel was the first in the country to offer 5G services in October 2022, and today’s mega launch is our promise to connect every Airtel customer in the country with ultra-fast Airtel 5G Plus. Our 5G rollout is on track to cover all towns and key rural areas by March 2024.”

Airtel 5G Plus service availability will continue to rapidly expand – including service in all towns and villages in the country soon – as the company is working towards offering nationwide coverage. Airtel is now offering its 5G services in every major city from the upper northern city of Jammu to the southern tip of Kanyakumari.

In the last one year, Airtel has demonstrated the power of 5G with a host of powerful use cases that will change the way customers lead their lives and do business. From India’s first live 5G network in Hyderabad to India’s first private 5G network at the BOSCH facility in Bengaluru to partnering with Mahindra & Mahindra to make its Chakan manufacturing facility, India’s first 5G enabled auto manufacturing unit, Airtel has been at the forefront of 5G innovation.

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