Latest news with #GoogleDistributedCloud
Mint
3 days ago
- Business
- Mint
Sovereign clouds are gathering; these two are the first off the block
India's push for a digital infrastructure isolated from global networks is fuelling a boom in sovereign cloud services, creating a multi-billion-dollar opportunity for local tech players. Tata Consultancy Services (TCS) and Google's India unit are emerging as early movers in this arena, attracting steady interest from government agencies keen to secure sensitive data on domestic platforms. Several government entities are already moving to these homegrown cloud solutions, four people familiar with the matter said. TCS, with its recently launched SovereignSecure Cloud, is leading the pack among Indian firms. Google's local arm is also gaining traction, offering specialized sovereign cloud platforms with its Google Distributed Cloud. Hiranandani Group firm Yotta Data Services too plans to build a sovereign cloud. To be sure, these contracts aren't too big, though they present a large opportunity for the future. Ayushman Bharat Digital Mission, an early adopter, spent ₹92 crore overall in FY25, of which around ₹30 crore was for the cloud contract, one of the officials said on the condition of anonymity. TCS did not respond to emailed questions, but a senior executive associated with its sovereign cloud product said one of the reasons behind the product was to "capitalize on the opportunity" amid growing concerns about sovereignty and security of data. Also read | TCS launches India-focused sovereign cloud to boost domestic revenue "We (TCS) believe that we have a completely indigenous built cloud service offering where everything from the hardware to the software is built by an Indian company," the executive said on the condition of anonymity. "This should assure any concerns the government could have when any department or wing of the government agrees to migrate their data to the cloud." Mitesh Agarwal, managing director for solutions and technology, Asia-Pacific at Google, confirmed that the company has already onboarded sovereign cloud clients in India. 'We provide AI models within the sovereign shores of India—for instance, we have Gemini 1.5, where the entire end-to-end data processing happens within our data centres in India itself," Agarwal said. He added that the company makes this offering through a platform called Google Distributed Cloud, which caters to the need for completely isolated cloud storage and computing for sensitive agencies. 'Most sovereign cloud projects would amount to annual revenue of around $2-5 million. While this is not a lot, in the next five years, thousands of such projects are expected to come up from government agencies and private companies alike. This can create multi-billion-dollar revenue streams for the infrastructure providers," one of the officials cited above said on the condition of anonymity. Read this | Yotta goes low on pricing to spur demand for its AI cloud service Sovereign cloud refers to a digital platform based entirely within the country to store and process data, as well as run applications. From the code base to the physical data centres, everything is fully located fully in India—separating them from any accessibility from outside the country. Building such platforms was presented as an early concept about three years ago. In 2023, Monaco in Europe became the first adopter of such a platform by technology services provider VMWare. Since then, the technology has found more takers, as countries grow more protectionist. In India, adoption is being led by government bodies. 'Ayushman Bharat Digital Health Mission is one such government project that is adopting sovereign cloud services right now. Similarly, Employees Provident Fund Organisation, Passport Seva and Aadhaar's governing body have their own projects, and they are in the process of adopting sovereign cloud into their operations right now," a second official added. 'Adopting sovereign cloud platforms is not a matter of replacing global cloud services from the US Big Tech. There are certain sensitive data requirements for which you need cloud services offered by Indian companies. This would ensure that this data is stored in India, without the risk of it being shared with other geographies by any particular party. This, however, does not mean that every cloud deployment and contract will be replaced, and hyperscalers will have enough space to provide their services to the Indian government agencies and ministries," the official said. And read | India befriends Big Tech as Trump tariffs knock on door, aided by a string of biz-friendly moves
Yahoo
16-04-2025
- Business
- Yahoo
Prediction: Nvidia Stock Will Beat the Market. Here's Why.
The scramble to build compute capacity for artificial intelligence (AI) models and training has enriched longtime Nvidia (NASDAQ: NVDA) shareholders. Large tech companies have been sharply increasing capital spending to build data centers and fill them with powerful servers, largely using Nvidia's products. Retail investors and hedge fund managers alike piled into Nvidia shares over the past few years. The stock rocketed more than 400% over the last three years, even with it hovering about 25% off its record-high level. I believe the AI leader will continue to beat the market going forward. Here are some reasons why. Early use cases for AI have ranged from chatbots for internet searches and customer service to AI agents providing specialized services. Increasingly, businesses will be using the powerful technology to improve efficiency, target lucrative markets, and grow sales. Manufacturers can reduce defective products, increase productivity, and save maintenance costs using AI. Nvidia and Alphabet's Google Cloud just announced a collaboration to bring agentic AI to enterprises that are aiming to have AI make decisions and perform tasks autonomously. It will use Nvidia's latest Blackwell platform on Google Distributed Cloud to effectively create on-site data centers. Educators are also increasingly relying on AI to aid in teaching as well as research. Nvidia was targeting that segment with the release of its first desktop AI supercomputer last year. The company announced development of a compact desktop computer geared toward developers, researchers, and students. Nvidia has also launched desktop AI machines "to help marketers and other professionals leverage AI in their daily tasks," the company says. Robots powered by AI along with driver assistance and self-driving software could well drive another major growth spurt for Nvidia. The company is already realizing sharply growing sales in its automotive and robotics segment. Fourth-quarter revenue more than doubled year over year, and the segment contributed $1.7 billion to Nvidia's sales last fiscal year. Nvidia has business partnerships with multiple global automakers. Toyota plans to build its next-generation vehicles using Nvidia's software-defined platform for autonomous vehicles, for example. Vehicle makers are including advanced driving assistance capabilities, and Nvidia will be one big beneficiary. Similarly, companies will utilize intelligent machines and robots increasingly across industries, including manufacturing, healthcare and logistics. There's another important factor that can help Nvidia beat the market from here: The stock's valuation has become very compelling, as shares have dropped 17.4% this year, as of this writing. The once high-flying stock now sports a price-to-earnings (P/E) ratio below 25 based on the current fiscal year's earnings estimates. Nvidia's business is also somewhat insulated from potential cost increases that could come from Trump administration tariff policies and the U.S. trade war with China. Nvidia's gross profit margin increased 230 basis points last year to 75%. While investors may avoid the stock in the short term if profit margins deteriorate, the company is starting from a very strong position in that area. No investor can know what will come in the currently turbulent geopolitical environment. A general flight to safety could push stocks down further from recent levels if investors shun stocks in general. In the end, though, a growing business with strong profitability like Nvidia's will ultimately be an attractive place to invest for the long term. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $502,231!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $678,552!* Now, it's worth noting Stock Advisor's total average return is 800% — a market-crushing outperformance compared to 156% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Howard Smith has positions in Alphabet and Nvidia. The Motley Fool has positions in and recommends Alphabet and Nvidia. The Motley Fool has a disclosure policy. Prediction: Nvidia Stock Will Beat the Market. Here's Why. was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
11-04-2025
- Business
- Yahoo
Accenture expands Google Cloud partnership
Accenture has deepened its strategic alliance with Google Cloud, unveiling a suite of new capabilities designed to assist organisations in scaling advanced cloud and AI technologies. The new offerings span five main areas, including agentic AI, customer experience modernisation, wide area network (WAN) services, Google Distributed Cloud (GDC) solutions, and mainframe modernisation. As part of the expansion, Accenture is broadening its catalogue of agent solutions tailored to specific industries and functions. These solutions leverage Google Agentspace and Gemini's reasoning models and are available through the joint Accenture Google Gen AI Centre of Excellence. Accenture's AI Refinery platform also supports Google Cloud's new Agent2Agent interoperability protocol, allowing AI agents to interact more effectively with a range of applications. In customer experience, Accenture is launching tools that use its GenWizard platform and Google's Customer Engagement Suite. These tools facilitate the migration of legacy contact systems to Contact-Center-as-a-Service, allow deployment of AI agents, implementation of gen AI-based testing and analytics frameworks, and provide omni-channel analytics capabilities. Accenture is also introducing packaged solutions based on GDC that are aimed at sectors including public services, manufacturing, and utilities. In networking, Accenture is incorporating Google Cloud's new Cloud WAN service into its Cloud Network Operator platform. This provides enterprises with secure connectivity to applications while enhancing operations, security, governance, and compliance. For mainframe modernisation, Accenture is using Gemini-powered tools to enhance its GenWizard platform. This will accelerate the analysis and assessment of mainframe inventories, code conversion, and reverse engineering processes, benefiting industries like banking, health, and retail. Accenture is also applying these technologies internally. Its research team, in collaboration with Kensho, S&P Global's AI hub, is using Google's third-party grounding capability to integrate S&P Global financial data into research models. This approach enhances access to reliable data with traceability. In March 2025, Accenture expanded its footprint and AI capabilities in the Nordic region with the acquisition of AI company Halfspace. Halfspace is engaged in developing AI and generative AI solutions that simplify complex business workflows. "Accenture expands Google Cloud partnership" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
24-02-2025
- Business
- Yahoo
Salesforce & Google Cloud Ink $2.5B Deal to Supercharge AI and CRM Capabilities
Salesforce (NYSE:CRM) has signed a multi-billion dollar agreement with Google (NASDAQ:GOOG) to integrate its customer relationship management (NYSE:CRM) software, Agentforce AI assistants, and Data Cloud solutions with Google Cloud, the companies announced Monday. Warning! GuruFocus has detected 3 Warning Sign with CRM. The partnership will deepen integration between Google Workspace and Salesforce's AI-driven CRM tools, providing shared customers with enhanced AI models, data analytics, and agentic AI capabilities. While Salesforce already relies on Amazon (NASDAQ:AMZN) Web Services for cloud computing, this move strengthens its collaboration with Google. "Our mutual customers have asked us to work more seamlessly across Salesforce and Google Cloud, and this expanded partnership will help them accelerate their AI transformations," said Thomas Kurian, CEO of Google Cloud. The deal is valued at $2.5 billion over seven years, according to Bloomberg. This announcement follows Google Cloud's recent partnership with ServiceNow (NYSE:NOW) to offer IT service management and security solutions on Google Distributed Cloud. Salesforce will report its Q4 FY2025 earnings post-market Wednesday, with analysts expecting adjusted EPS of $2.61 on revenue of $10.04 billion. This article first appeared on GuruFocus. Sign in to access your portfolio
Channel Post MEA
08-02-2025
- Business
- Channel Post MEA
ServiceNow and Google Cloud Expand their Partnership to Deliver AI-powered Tools
ServiceNow and Google Cloud have announced a major expansion of their partnership to maximize the value of generative AI across every layer of the enterprise technology stack. ServiceNow will bring its Now Platform and full suite of workflows to customers on Google Cloud Marketplace and also make its Customer Relationship Management (CRM), IT Service Management (ITSM), and Security Incident Response (SIR) solutions available on Google Distributed Cloud (GDC). The companies share a vision for transforming enterprise work with gen AI. Making the ServiceNow platform and workflows across IT, CRM, and HR available on Google Cloud will allow ServiceNow to bring AI-enhanced experiences to millions of new and existing users. New end-to-end integrations will enable ServiceNow customers to use BigQuery to connect their enterprise data to AI; extend these AI-powered insights to Google Workspace, where users can do things like easily access ServiceNow data directly within Google Sheets and Chat; build gen AI applications on top of their data foundation with Vertex AI; and more. 'ServiceNow and Google Cloud are fundamentally rethinking the way the enterprise runs,' said Bill McDermott, Chairman and CEO, ServiceNow. 'Agentic AI is a revolution! Bringing together the incredible strengths of two of the world's leading innovators will redefine enterprise technology. We're putting AI to work to eliminate boundaries in any industry, anywhere in the world.' 'Businesses are seeking new ways to innovate with generative AI, optimize important workflows, and improve everyday experiences for customers,' said Thomas Kurian, CEO, Google Cloud. 'Through our expanded strategic partnership with ServiceNow, customers will now have the data foundation, development platforms, and leading foundation models to easily build gen AI applications that leverage the context and knowledge in ServiceNow–all on top of Google Cloud's AI-optimized infrastructure.' 'Given Deutsche Bank's long-term partnerships with ServiceNow and Google Cloud, this new synergy creates an ideal environment for mutual innovation and increased efficiency,' said Tony Kerrison, Head of Group Technology Infrastructure and Head of Technology, Data and Innovation for the Americas, Deutsche Bank. 'Running ServiceNow's enterprise operations platform on Google Cloud is an exciting development that has the potential to accelerate and optimize our cloud and AI transformation journey.' Bringing the Now Platform to Google Cloud and Google Distributed Cloud Bringing the Now Platform and ServiceNow's full suite of workflows, including CRM, ITSM, and SIR solutions, to Google Cloud Marketplace will make it easier for businesses to combine their ServiceNow data with Google Cloud's AI, data analytics, and productivity technology. The Now Platform is a single, unified enterprise-grade platform purpose-built for AI-driven transformation. Because it is built using a single data model and single architecture, the ServiceNow platform can help unite AI agents, data, and workflows to drive exponential productivity across every corner of a business. ServiceNow will also make its CRM, ITSM, and SIR solutions available on GDC air-gapped , addressing the needs of customers in highly regulated industries. New data integration to enhance decision-making with AI To help businesses better unify critical data, ServiceNow will integrate its Workflow Data Fabric —an advanced data integration and governance layer—with BigQuery. This will provide ServiceNow users with realtime, secure access to BigQuery data and enable them to enhance common CRM, ITSM, and SIR solutions, while also adding to AI Agent capabilities. Customers can turn insights into proactive, operational actions by leveraging BigQuery's analytics to drive real-time automation on the Now Platform in areas like customer service and supply chain optimization. By incorporating predictive maintenance capabilities with machine learning models from BigQuery, users will be able to forecast critical issues like potential equipment failures—addressing them instantly through maintenance alerts and other automated workflows. The companies will also enable a zero-copy integration to enrich workflows in ServiceNow with data from BigQuery. ServiceNow customers will be able to activate and enrich workflows with data from BigQuery, while BigQuery customers can access data from ServiceNow to unlock high-performance data analysis. Businesses will have access to comprehensive, context-rich data to drive informed decision-making, supporting use cases such as fraud detection and mitigation or network outage resolution. Innovations that improve everyday work ServiceNow and Google Cloud will align product and go-to-market resources to help customers integrate technology that optimizes critical business functions, including those powered by gen AI. Key focus areas include: Boosting customer experiences with CRM and Contact Center as a Service: A new integration between ServiceNow CRM and Customer Engagement Suite with Google AI will allow customers to automate and personalize interactions across customer service channels, including self-service voice and chat conversations. For example, the combination of ServiceNow CRM and Agent Assist capabilities will allow businesses to create intuitive experiences with accurate, multi-turn conversations to execute customer service requests. Enhancing ServiceNow workflows with Workspace: ServiceNow will make its data easier to access from directly within Workspace. New integrations will allow for one-click export of ServiceNow data in Sheets to reduce friction and context switching. New integrations with Chat will also empower employees to ask questions and get help through Now Assist without leaving the productivity tools they're working in, allowing IT and HR teams to more efficiently collaborate and manage service requests and incidents. Availability ServiceNow plans to launch on Google Cloud Marketplace throughout Q2 and Q3 in various regions. New integrations across BigQuery, Customer Engagement Suite with Google AI, and Workspace are expected to be available later this year. ServiceNow CRM, ITSM, and SIR modules to Infrastructure Operators (IO) in Google-Operated and Partner-Operated models of Google Distributed Cloud are expected to be available later this year. 0 0
