logo
ServiceNow, Nvidia expand partnership, launch new AI agent

ServiceNow, Nvidia expand partnership, launch new AI agent

Time of India08-05-2025

Synopsis
ServiceNow and Nvidia unveiled Apriel Nemotron 15B, a new AI reasoning model, and launched the AI Control Tower and Workflow Data Fabric to optimise enterprise AI use. Deepening ties with partners like AWS and Microsoft, they aim to drive real-time, AI-powered business transformation across industries.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Massive write-off: Nvidia dumps $4.5 billion in chips, leaving Jensen Huang frustrated
Massive write-off: Nvidia dumps $4.5 billion in chips, leaving Jensen Huang frustrated

Time of India

time34 minutes ago

  • Time of India

Massive write-off: Nvidia dumps $4.5 billion in chips, leaving Jensen Huang frustrated

Nvidia may be leading the AI revolution, but even the world's top chipmaker isn't immune to the unpredictable fallout of global politics. Last week, as the company reported another strong earnings report, CEO Jensen Huang revealed the sobering news of a $4.5 billion write-off for chips that were supposed to be sent to China and now have nowhere to go, as per a report. Huang said during the earnings call that, 'We are taking a multibillion dollar write off on inventory that cannot be sold or repurposed,' quoted Fortune. The China-Only Chips That Can't Be Used The chips, which have led to the massive loss, known as the H20 chips , were designed by Nvidia specifically for Chinese clients to meet earlier US export restrictions, according to the report. These chips weren't top-of-the-line, but they were still advanced enough for AI development and, also legal to ship under the Biden administration's rules, as per Fortune. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Learn More Undo But things changed after US president Donald Trump took office, as he went a step further in early April and banned exports of even these chips, according to the report. ALSO READ: After losses in FTX, which went bankrupt in 2022, Temasek slashes early-stage startup investments by 88% Live Events Why the Nvidia H20 Chips Can't Just Be Repurposed As the H20 chip was built only for the Chinese market, the chip's design and limited capabilities make it a challenging task to be used by other countries, reported Fortune. A professor of supply chain management at Rutgers Business School, Arash Azadegan said, 'It doesn't really fit anywhere else without a lot of expensive tweaking,' as quoted in the report. While, the tweaking would involve additional costs for the AI chipmaker, as these chips may 'not meet the performance needs of customers in other regions' or may be engineered 'specific to Chinese customer requests or requirements,' according to Chad Autry, a University of Tennessee supply chain professor, reported Fortune. Nvidia Won't Risk Its Reputation Azadegan also highlighted that, 'Nvidia probably doesn't want to flood the market with discounted chips—it could mess with their pricing, confuse customers, and distract from their big push into the newer Blackwell lineup ,' as quoted in the report. FAQs Why did Nvidia have to throw away $4.5 billion in chips? Because new US export rules suddenly banned the chips from being sold to China, their only intended market. Can't they just sell the chips to other countries? No as the chips were custom-made for China and don't meet other countries' needs without costly changes.

Grocery startup KiranaPro hit by cyberattack; servers wiped
Grocery startup KiranaPro hit by cyberattack; servers wiped

Time of India

time3 hours ago

  • Time of India

Grocery startup KiranaPro hit by cyberattack; servers wiped

KiranaPro, the grocery delivery startup has been hit by a severe cyberattack. Deepak Ravindran , the CEO of KiranaPro has confirmed to TechCrunch that the cyberattack on the company led to complete deletion of its servers. The cyberattack has affected the operations of company and has also led to huge loss of data. As per the report, some malicious gained unauthorized access to KiranaPro's digital infrastructure. In a catastrophic blow, the perpetrators proceeded to wipe out the company's servers, effectively deleting all stored data and bringing its services to a halt. What KiranaPro CEO Deepak Ravindran said about the cyberattack The company's CEO, Deepak Ravindran, confirmed the breach, calling it a 'deliberate and personal' told TechCrunch that the cyberattack has managed to destroy the company's app code and its servers which consisted of sensitive customer information, including their names, payment details and address. After the cyberattack, the company's online app is also not able to process orders. The startup, which operates on the Indian government's Open Network for Digital Commerce (ONDC), had been serving 55,000 customers across 50 cities, facilitating 2,000 orders daily. Executives discovered the breach on May 26 when attempting to log into their AWS account. Hackers had gained access to root accounts on AWS and GitHub, bypassing security measures, including multi-factor authentication. Ravindran suggested that the attack may have been carried out by a former employee, as logs indicate unauthorized access through an ex-staffer's credentials. The company is now pursuing legal action against individuals who failed to return their GitHub access credentials.

Nvidia on m-cap podium; Flipkart's block deals
Nvidia on m-cap podium; Flipkart's block deals

Time of India

time4 hours ago

  • Time of India

Nvidia on m-cap podium; Flipkart's block deals

Nvidia on m-cap podium; Flipkart's block deals Also in the letter: Nvidia overtakes Microsoft to become world's most valuable company Photo finish: Q1 performance: For the quarter ended April 27, Nvidia reported revenue of $44.1 billion, up 12% from the previous quarter and 69% year-on-year. Geopolitical and regulatory headwinds, including US president Donald Trump's tariffs targeting its H20 product line, have yet to dent momentum. H20 sales alone accounted for $4.6 billion in Q1 FY26, highlighting Nvidia's grip on the AI and advanced chip markets. Peer partnerships: In its latest earnings report, Nvidia highlighted collaborations with Google on agentic AI, robotics and drug discovery. Nvidia's Blackwell cloud instances are now integrated across Amazon's AWS, Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure. Google is also expected to be an early adopter of Nvidia's GB300 NVL72 and RTX PRO 6000 Blackwell Server Edition GPUs. Also Read: Flipkart exits Blackbuck, Aditya Birla Fashion in block deals worth over Rs 1,250 crore ABFRL exit: Blackbuck stake sale: Zoom out: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Swiggy may recover quick commerce share despite widening losses: Morgan Stanley Driving the news: Expanding footprint: Also Read: Profitability woes: Sector overview: Also Read: Chinese mobile companies making more in India to dim regulatory glare Why are they doing this? Government pressure: There's no official directive, but the Indian government has been giving these firms 'unofficial nudge' to localise manufacturing. There's no official directive, but the Indian government has been giving these firms 'unofficial nudge' to localise manufacturing. Less risk: By outsourcing, Chinese brands sidestep regulatory hurdles and scrutiny, with their Indian partners taking on the compliance burden. By outsourcing, Chinese brands sidestep regulatory hurdles and scrutiny, with their Indian partners taking on the compliance burden. PLI scheme: Indian firms in the government's production-linked incentive (PLI) scheme qualify for financial benefits, another advantage for Chinese brands tapping into the network. Indian firms in the government's production-linked incentive (PLI) scheme qualify for financial benefits, another advantage for Chinese brands tapping into the network. Reduced costs: Running factories is capital intensive, and with liquidity under strain, outsourcing lets these companies cut overheads and refocus on core operations. Yes, but: Starlink to get licence to operate in India soon: Jyotiraditya Scindia What's happening? Yes, but: Tell me more: Rising competition: GPU giant Nvidia has once again become the most valued publicly traded company in the world. This and more in today's ETtech Top 5.■ Swiggy's qcomm dividends■ China's outsourcing play■ Starlink's India greenlightNvidia has reclaimed its position as the world's most valuable publicly traded company, overtaking Microsoft on the back of surging share prices driven by relentless investment in artificial intelligence (AI).Nvidia shares closed 2.8% higher on Tuesday, lifting its market capitalisation to around $3.45 trillion, edging past Microsoft's $3.44 trillion. The chipmaker last held the top spot on January 24. Despite the rally, Nvidia's current share price remains 7.77% below its 52-week high of $153.13, recorded earlier this tech continues to power its rivals as well:Flipkart has exited its holdings in Aditya Birla Fashion and Retail (ABFRL) and Zinka Logistics, the owner of trucking platform Blackbuck, offloading shares worth several hundred crores this Wednesday, Walmart-owned Flipkart Investments sold its entire 6% stake in ABFRL through a block deal worth Rs 587.7 crore. The transaction involved 73.17 million ABFRL shares changing hands at Rs 80.32 per share, a 6.6% discount to the previous closing price.A day earlier, Quickroutes International, another Flipkart subsidiary, offloaded its entire 9% stake in Blackbuck, according to exchange data. The shares were sold in the Rs 420.06–420.25 range, with the deal totalling Rs 671.76 separate trades, Peak XV Partners and Accel also exited Blackbuck. Buyers included a mix of institutional investors, such as the Abu Dhabi Investment Authority, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, SBI Mutual Fund, and Nomura block deals come amid a broader trend of promoters, private equity funds, and strategic investors trimming stakes as the markets Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship could regain ground in the fast-growing quick commerce market, even as heavy spending in the segment drags down its bottom Stanley analysts believe competitive pressure in quick commerce will persist in the medium term, but Swiggy should be able to defend its relative market hit its target of 1,000 dark stores in the March quarter, and plans to grow the network further. The focus is now on 'megapods', warehouses two-and-a-half times the size of typical dark stores, as CFO Rahul Bothra believes future 'store additions will be a derivative of growth'.While the expansion has driven revenue growth , it continues to keep profitability out of reach. Swiggy's quick delivery business saw gross order value (GOV) rise 101% year-on-year (YoY) to Rs 4,670 crore. However, the adjusted Ebitda loss also widened to Rs 840 crore during the same Stanley has raised its estimate for quick commerce's total addressable market to $57 billion by 2030, from $42 billion smartphone makers are increasingly outsourcing production to Indian companies like Dixon Technologies and Bhagwati Products (Micromax), despite having unused capacity at their own entry-level models are being outsourced. Chinese firms continue to manufacture premium and flagship phones Musk's Starlink is set to secure official clearance to operate in India, union minister of telecommunications Jyotiraditya Scindia told The satellite internet firm has already received a Letter of Intent (LOI) from the Department of Telecommunications (DoT), Scindia is still awaiting final approval from IN-SPACe (Indian National Space Promotion and Authorisation Centre). The green light from India's private space sector regulator is essential before the company can begin commercial operations, Scindia now, OneWeb and Reliance have been granted limited spectrum to run trials. Starlink will also undergo such testing once the regulatory formalities are completed. Following that, the Telecom Regulatory Authority of India (TRAI) will begin work on a regulatory framework to govern the commercial allocation of satellite main competitor, Amazon-backed Project Kuiper , is awaiting an LOI for a Global Mobile Personal Communication by Satellite (GMPCS) permit to enter the Indian market.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store