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After 18-month slump, IT sector fortunes seen turning the corner

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The market’s reaction to earnings was reflected in the performance of IT stocks like Infosys and TCS, which saw significant gains. Infosys secured cheers from analysts and many brokerages raised their stock price targets for the IT major. TCS shares moved 6.7℅ up last week and Infosys 6.3℅. HCLTech moved 4.9℅. Wipro moved 2.48℅ in the same week.

Litigation funding startups eyeing arbitration and insolvency resolution cases

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A total of 7,567 companies across sectors were brought into administration until March end, according to the latest data from the Insolvency and Bankruptcy Board of India. As per the National Judicial Data Grid, more than 45 million cases are pending in courts across the country, including about six million cases in 25 high courts and 83,800 cases in the Supreme Court.

India’s Gen AI investment surges, but funding dips: Nasscom

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Despite the increase in India’s generative AI startup investments, there was a nearly 50% decline in funding rounds during the first half of this year compared to the second half of last year, Nasscom said in its latest Generative AI tracker. During the same time, investments in Gen AI startups in the US increased by three times.

Microsoft outage sees internet turn to 'Sarabhai Vs Sarabhai' character Dushyant for help

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A recent global Microsoft outage on July 19 caused widespread disruptions, leaving many users frustrated with the Blue Screen of Death (BSOD) error. Social media, especially X (formerly Twitter), responded with humor, creating memes featuring Deven Bhojani’s character Dushyant Painter from the sitcom ‘Sarabhai Vs Sarabhai.’ Known for his tech-fixing skills and catchphrase “I will explain,” Dushyant became the internet’s lighthearted solution to the tech crisis.

Steve Jobs once called Microsoft products 'third-rate': Apple co-founder's old video goes viral

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On July 19, a major global outage affected Microsoft’s services, including banking, aviation, and supermarkets, due to a problematic update from CrowdStrike. Amid the disruption, an old interview of Steve Jobs from 1995 resurfaced, in which he criticized Microsoft for producing “third-rate products” and lacking “taste.” While Jobs’ comments stirred debate on social media, Microsoft and CrowdStrike worked to resolve the issues, with Microsoft eventually restoring most services.

The push to develop generative artificial intelligence without all the lawsuits

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While the largest tech companies like Google and OpenAI have been locked in a dizzying AI race, visual media marketplaces, content creators, and artists are pushing for licensing so that they can be paid for work that helps train AI models and influences the technology they worry could one day displace them.

Microsoft-CrowdStrilke outage: Why were all computers not affected?

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The recent Microsoft outage, which disrupted services worldwide including Microsoft 365, was primarily caused by a conflict between Microsoft’s software and Cloudstrike’s Falcon Sensor endpoint protection. This issue led to widespread disruptions in various sectors such as airlines, banking, media, and healthcare. However, not all systems were affected; only those using Cloudstrike’s Falcon Sensor experienced problems.

SaaS startup AiDash unveils new AI centre of excellence in Bengaluru

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This facility is set to become a hub of innovation and advanced research, dedicated to driving significant advancements in artificial intelligence (AI), remote sensing, and geospatial analytics.

Karnataka HC rejects Byju’s plea in BCCI case; edtech firm to move NCLAT on Monday

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The case relates to unpaid dues of Rs 158 crore payable to BCCI for sponsorship rights. The troubled edtech firm will knock on the doors of NCLAT on Monday.

Large IT firms’ fatigue on deal wins helping Persistent: CEO Sandeep Kalra

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For the first quarter ending June, Persistent reported a 33.9% year-on-year (YoY) rise in net profit at Rs 306.41 crore for their April to June quarter as compared to Rs 228.76 crore in the same quarter last year. However, sequentially, the profit fell 2.8% from Rs 315.3 crore.