Funding Files: Cyber security, AI and cloud deal roundup – ET CIO

The last month of 2023 also saw its share of investments in cloud, data, cyber, and AI startups. The month also saw a couple of acquisitions. While there were not any big ticket fundings announced, ArmorCode, the leader in Application Security Posture Management and RiskBased Vulnerability Management, announced it closed a pre-emptive $40 million Series B round to advance its mission of helping companies ship secure software fast and at scale.

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Evaluating multiple EoIs for OSATs, fabs, modernizing SCL: Rajeev Chandrasekhar – Live Mint

For the private sector, we ve submitted a proposal to the government and it ll need funding. The idea is to create a significant amount of GPU capacity in the private sector, with the government as a partner. This ll be like a PPP (public private partnership). The latter will give AI compute as service for startups, researchers and for anyone who has a model that needs to be trained.

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2023 Boosts Big Tech s AI monopoly Google, Microsoft, Nvidia, and others wield money power – Tech Hindustan Times

In the wake of Microsoft Corp. s $10 billion investment in OpenAI in January, other tech giants raced to partner with leading AI startups through funding and cloud computing deals. Salesforce Inc. led a round in Hugging Face at a $4.5 billion valuation. Alphabet Inc. and Amazon.com Inc. invested billions in OpenAI rival Anthropic. And Nvidia Corp. seemed to back almost every AI startup of note.

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Revolutionizing SMEs: Unveiling New Avenues with Emerging Technologies – Express Computer

Looking ahead, the Indian tech SME sector is set for exponential growth, with forecasts indicating a substantial rise to $40 billion by FY30, tech industry lobby group NASSCOM said in a report. The sector is expected to contribute 79 percent to the overall FY23 tech industry revenue at $15 billion $20 billion, higher than the pracademic share of the tech industry at 46 percent.

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Predictive AI models assign risk scores to transactions – The Financial Express

Cybersecurity has emerged as a key concern at a national, corporate, and individual level in recent years. Embracing emerging technologies like artificial intelligence (AI) and machine learning (ML) for early threat detection has become paramount, says Phoram Mehta, APAC chief information security officer (CISO), PayPal, the San Jose, California based digital payments company.

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IT sector to witness a positive turnaround with 810% increased hiring forecasted for 2024 – Express Computer

The third quarter of this fiscal is bringing a favourable outlook. Promising prospects are foreseen in green technology, electric vehicles, and an increased emphasis on AI and cybersecurity. IT enterprises are actively searching for proficient experts to make the most of these opportunities. Furthermore, IT firms foresee a strong hiring expectation, estimating an increase of approximately 810% in Q3FY24.

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Is AI the future of everything – Express Computer

Sonit Jain, CEO, GajShield Infotech, anticipates a transformative 2024 with AI s significant impact on the cybersecurity landscape. He mentions that GajShield remains committed to empowering professionals with cybersecurity knowledge, offering cutting edge solutions to combat the rising tide of AI driven threats and reinforcing India s resilience in the face of evolving challenges.

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