CRED Launches Svalbard: AI-based Credit Management and Predictive Scoring Tools

Svalbard provides a unified dashboard that shows total dues across multiple cards, real-time monitoring of credit utilization, and anomaly detection to prevent errors.

IBM to Acquire DataStax to Bolster watsonx's GenAI Offerings

AstraDB will enhance the existing vector capabilities of IBM watsonx.data, IBM's hybrid, open data lakehouse for AI and analytics.

Google Makes Gemini Code Assist Free For Developers

Google’s Gemini Code Assist is powered by the advanced Gemini 2.0 AI model.

Databricks Expands in India with New Bengaluru Office

This move aims to leverage India's thriving software industry and access its vast pool of world-class engineers to enhance the company's growth in the region.

Salesforce and Google Partner to Bring Gemini to Agentforce

Salesforce’s Agentforce will integrate Google’s Gemini models, enabling agents to work with images, audio, and video, and handle more complex tasks with Gemini’s multi-modal capabilities and two-million-token context windows.

AI Developments

Indegene Launches Cortex, A Fit-For-Purpose Generative AI Platform, Verticalised For The Life Sciences Industry

Cortex by Indegene enables life sciences leaders to adopt and scale this transformative technology with enterprise-grade governance.

Microsoft Pulls Back from 200MW Data Center Leases: TD Cowen

TD Cowen attributes Microsoft's pullback to facility and power delays, comparing it to a similar move made by Meta in 2022 when it canceled several data center leases related to the metaverse.

MongoDB Announces Acquisition of Voyage AI to Enable Organisations to Build Trustworthy AI Applications

Voyage AI's advanced embedding and reranking models enable applications to extract meaning from highly specialized and domain-specific text and unstructured data.

Meta to Expand in India with a New Office in Bengaluru; to Hire for AI Roles

The company is also looking to expand its AI infrastructure with additional hardware engineers.

Infosys Plans to Extend $3 bn Daimler Deal and Add AI in Bid for More Revenue

The eight-year contract, signed in December 2020 and known as the ‘Twice as Fast Programme,’ covers six key areas: network, security, SAP basis, data center, workplace, and operations.

Hyderabad-Based CTGT Secures Major Backing from Mark Cuban, Y Combinator to Transform AI Training Efficiency

The startup has $7.2 million in funding.

AI Developments

Indian Government Gets 67 Proposals for Domestic AI Foundational Models

Of the total 67 proposals, 20 proposals have been received for building large language models.