German conglomerate Siemens is planning to acquire HaCon, a company headquartered in Hanover, Germany. The two parties have agreed not to disclose financial details. Pending the approval of antitrust authorities, the deal is expected to be concluded in the first half of calendar year 2017.
Artificial Intelligence applications like chat bots, marketing, and supply chain optimization will help strengthen customer relationships and create growth opportunities for retail industry said Frost & Sullivan.
Google CEO Sunder Pichai received nearly $200 million in compensation in 2016 which is double the amount he got in 2015. Pichai was paid a salary of $650,000 in 2016 and stock award of $198.7 million in 2016.
Huawei started up its CarbonData program back in 2013 and donated it to the Apache Community in 2015. In June 2016, CarbonData was unanimously voted into the Apache Incubator.
Genyo Takeda who was one of the lead developers on the Wii console will be replaced by Ko Shiota who would take over his role in June 2017.
Xavient Artificial Intelligence platform AMPLIFY leverages AI and Analytics to bolster prediction, recommendation, and customer experience.
Indian IT major HCL has launched TechBee, an HCL early career training program in Madurai. The program is aimed to provide software engineering jobs to bright 10+2 students, said HCL.
For Sify Technologies, revenue for the year ended March 31, 2017 was ₹18432 million, an increase of 23% over last year. EBITDA for the year was ₹2570 million, an increase of 5% over last year.
Persistent System reported 24.5% revenue growth for FY17 and has recommended final dividend of ₹3 per share. Company announced its audited financial results for the fourth quarter ended March 31, 2017 on Tuesday.