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Reliance buys 23.3% stake in US-based AI firm Exyn

TechCrunch

Reliance buys 23.3% stake in US-based AI firm Exyn by Manish Singh originally published on TechCrunch. ” The startup had a turnover of $4.32 million, $1.83 million and $0.16 million in CY 2021, CY 2020 and CY 2019 respectively, the Indian firm added.

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Black Friday online buying hits a record $9.8B in the US, $70.9B globally

TechCrunch

A rush of deep discounts and the growth of flexible payment options were the drivers behind $9.8 billion in online sales in the U.S. on Black Friday — a record figure for the day. According to Adobe Analytics, sales were up by 7.5% on last year’s numbers (you can see those here). Sales easily surpassed […] © 2023 TechCrunch.

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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Lawyers are still arguing about damages in the UK court, while in US Lynch’s fraud trial is just beginning. November 2005: Autonomy agrees to buy search technology developer Verity for $500 milllion, its third acquisition of the year after NCorp (in February) and etalk (in June). October 2011: HP buys 87.34% of Autonomy for £5.44

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8 strategies for accelerating IT modernization

CIO

Dvorak worked with one CIO who managed the IT environment like an investment portfolio , ranking components as either buy, hold, or sell. Those deemed “sell” were slated for modernization first, while those categorized as “buys” and “holds” were driving the business or fundamental to the business.

Strategy 350
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How an architecture-led transformation puts the customer first

CIO

With this in mind, we embarked on a digital transformation that enables us to better meet customer needs now and in the future by adopting a lightweight, microservices architecture. Most of our design patterns have proven themselves out which gives us a great benefit because we have a more robust asset library to choose from.

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CIOs still grapple with what gen AI can do for the enterprise

CIO

Once it’s matured, generative AI will perform many of our mundane tasks — and this will free us to focus on new things,” says Caseau. Albemarle has been using AI as a virtual assistant since the recent pandemic lockdowns. “We The pandemic forced us to find ways of self-servicing 7,000 employees at home.”

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Your biggest barriers to digital transformation aren’t technical…they’re cultural

CIO

Proven methodologies developed years ago allowed us to reliably connect users, applications, and smart devices that propelled our organizations forward. This model slows productivity, increases employee churn, and allows competitors to outpace us. Transformation must be organization-wide with widespread buy-in.