Latest news with #ShaktiCloud
Yahoo
2 days ago
- Business
- Yahoo
Microsoft CEO Defends 6,000 Job Cuts as 'Strategic, Not Firings'
June 2 - CEO Satya Nadella said Microsoft (NASDAQ:MSFT) restructured roles to advance its AI-first focus, not to penalize staff. He clarified that the recent reduction of about 6,000 positions stemmed from a shift toward emerging business priorities rather than individual performance. Warning! GuruFocus has detected 3 Warning Sign with MSFT. The CEO explained that teams and resources are being redirected to support AI initiatives, aiming to speed innovation across product lines. In India, Microsoft and Yotta Data Services are teaming up to fast-track AI adoption, working with IndiaAI Mission participants, government agencies, IITs, startups and enterprises. Under the agreement, Microsoft will integrate its Azure AI services into Yotta's Shakti Cloud platform, offering tools for developers, enterprises and public-sector organizations to build and deploy AI solutions. Puneet Chandok, president of Microsoft India and South Asia, said the partnership could unlock AI growth tailored to India's needs. Earlier in January, Satya Nadella announced a collaboration with IndiaAI to create an AI Centre of Excellence and AI Productivity Labs, aiming for inclusive technology growth. The latest moves reinforce Microsoft's push into AI, even as it reallocates talent and capital to pursue cutting-edge capabilities. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Microsoft's Russian subsidiary to file for bankruptcy
Microsoft Rus, a subsidiary of Microsoft Corp in Russia, is reportedly set to file for bankruptcy, Reuters reported citing a note published on the official Fedresurs registry. Microsoft did not immediately respond to a request for comment, reported Reuters. Russian President Vladimir Putin has previously stated that foreign service providers, such as Microsoft and Zoom, acting against Russian interests should be 'throttled'. He also emphasised the importance of developing domestic software solutions to reduce reliance on foreign technology. Following Russia's invasion of Ukraine in February 2022, Microsoft continued to provide key services in the country. However, in June 2022, the company announced it was 'significantly' scaling back its operations in Russia due to changes in the economic outlook and impacts on its business. Shortly after the invasion, Microsoft took steps to limit its exposure, including removing Russian state-owned media outlet RT's mobile apps from the Windows App store and banning advertisements on Russian state-sponsored media. The Fedresurs note confirmed Microsoft Rus's intention to declare bankruptcy. According to the TASS news agency, Microsoft operates three other units in Russia, including Microsoft Development Centre Rus, Microsoft Mobile Rus, and Microsoft Payments Rus. It remains unclear how these units might be affected by the bankruptcy filing, Reuter's report said. Google's Russian subsidiary filed for bankruptcy in 2022 after Russian authorities seized its bank account, rendering it unable to pay Russia-based employees, suppliers, and vendors. In May 2025, Microsoft teamed up with Yotta Data Services to enhance AI innovation in India by integrating Azure AI services with Yotta's Shakti Cloud, creating an advanced AI cloud platform for developers, startups, enterprises, and public sector organisations. "Microsoft's Russian subsidiary to file for bankruptcy" 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.
India.com
3 days ago
- Business
- India.com
Microsoft CEO Satya Nadella finally breaks silence on sacking 6000 employees, says they were not fired....
Microsoft CEO Satya Nadella- File image Microsoft CEO Satya Nadella on recent layoffs: In a massive statement after Microsoft laid off 6,000 jobs, CEO Satya Nadella has clarified that the recent layoffs were not linked to employee performance, but the actual reason behind the layoffs was organizational restructuring. Here are all the details you need to know about the recent statement of Microsoft CEO Satya Nadella. CEO Satya Nadella stated that the layoffs were done with a clear focus on accelerating the company's Artificial Intelligence (AI)-first strategy. The CEO emphasized that Microsoft's vision is now centered on AI transformation. Reports have it that Microsoft's plan includes reallocating resources and talent to areas aligned with emerging business priorities. Microsoft aims to boost AI innovation in India In another significant development for Microsoft, Microsoft and Yotta Data Services, India's leading sovereign cloud infrastructure and platform services provider recently partnered to accelerate artificial intelligence (AI) adoption in India. The partnership enables Microsoft and Yotta to engage with IndiaAI Mission participants, government agencies, IITs, startups, enterprises, and software development companies to leapfrog AI innovation, a report by IANS news agency said. Microsoft said it would bring its AzureAI services to Shakti Cloud, Yotta's AI cloud platform, to offer cutting-edge AI capabilities to developers, startups, enterprises, and public sector organisations across India. 'Our partnership with Yotta to power Shakti Cloud will help unlock AI innovation at scale. Microsoft is honoured to play its part in helping the country realise its AI ambitions through innovation that reflect India's unique needs and priorities,' said Puneet Chandok, President, Microsoft India and South Asia. In January this year, Microsoft chairman and CEO Satya Nadella announced a collaboration with IndiaAI, a division of Digital India Corporation, to advance AI and emerging technologies in the country, and established AI Centre of Excellence and AI Productivity Labs to foster inclusive growth. (With inputs from agencies)
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Business Standard
28-05-2025
- Business
- Business Standard
Microsoft-Yotta partner to bring Azure AI to Shakti Cloud for IndiaAI
Microsoft and Yotta Data Services have joined hands to offer the former's Azure AI services on Shakti Cloud, the latter's cloud platform, the two companies said in a press note. The partnership will help Microsoft and Yotta engage with IndiaAI Mission participants, government agencies, IITs, start-ups, enterprises, and software development companies to leapfrog AI innovation, they said. 'Our partnership with Yotta to power Shakti Cloud will help unlock AI innovation at scale. India is already among the top global markets in AI adoption and return on investment. Together with Yotta, we will continue to help India become an AI-first nation, securely and responsibly,' said Puneet Chandok, president, Microsoft India and South Asia. The central government has announced a Rs 10,372 crore IndiaAI Mission with seven key pillars, including enhancing India's compute capacity, building an IndiaAI innovation centre, creating and managing an AI datasets platform, and launching an application development initiative, among others. Against the targeted procurement of 10,000 graphics processing units (GPUs)—a key hardware component required for developing foundation models, large language models, and small language models—the government received nearly 18,500 GPUs in the first round of bidding and hopes to receive bids for another 15,000 in the second round. Union Minister for Electronics and Information Technology Ashwini Vaishnaw has also announced the government's intent to help companies build a sovereign foundation model within the next 10 months. The development of the foundation model is also being undertaken under the IndiaAI Mission. 'The Microsoft-Yotta partnership will give access to cutting-edge AI capabilities to all Indian enterprises and provide a significant boost to the nation's AI ambitions,' the companies said. 'This partnership is a key step towards India's AI self-reliance and digital transformation, and we are excited to support Indian enterprises in their journey towards AI excellence with a full gamut of offerings. The combined strength of Microsoft's services, backed by Yotta's infrastructure, gives access to some of the best capabilities to support AI development in the country. It will make cutting-edge AI capabilities accessible to Indian enterprises of all sizes,' said Sunil Gupta, chief executive officer and co-founder, Yotta Data Services.
Time of India
28-05-2025
- Business
- Time of India
Microsoft and Yotta partner to boost AI innovation in India
Microsoft and Yotta Data Services have joined forces to accelerate artificial intelligence (AI) adoption across India, integrating Microsoft's Azure AI services into Yotta's Shakti Cloud, a sovereign AI cloud platform. This collaboration aims to empower developers, startups, enterprises, and public sector organizations with advanced AI capabilities. The partnership aligns with the IndiaAI Mission , an initiative by the Ministry of Electronics and Information Technology (MeitY) to foster a robust AI ecosystem in India. By combining Microsoft's AI models, applications, and development tools with Yotta's cost-effective, high-performance AI compute platform, the collaboration aims to drive innovation in critical sectors such as agriculture, healthcare, education, finance, manufacturing, retail, and media. As of May 2025, the IndiaAI Mission has attracted over 500 proposals for developing indigenous AI models. Microsoft and Yotta will work closely with government agencies, research institutions, IITs, and startups to support homegrown AI solutions, enhancing local capabilities and strengthening India's AI infrastructure in alignment with the nation's Digital Public Infrastructure. This partnership positions India as a hub for AI innovation, enabling faster model training, real-time inferencing, and scalable solutions to address pressing societal and economic challenges.
