Latest news with #SumitAgarwal
CNA
2 days ago
- Business
- CNA
Wealth Wise - What it takes to be in the gig economy
Wealth Wise Being your own boss and picking what you want to do… Doing short-term jobs or assignments, instead of having a regular, full-time job… What other benefits can you think of for those working in the gig economy? Lance Alexander discusses with Professor Sumit Agarwal from NUS Business School.
Hindustan Times
02-06-2025
- Business
- Hindustan Times
Vyapar leases 90,000 sq ft commercial space from Enzyme Office Spaces in Bengaluru
Vyapar, an accounting software company, has leased 90,000 sq ft of customized commercial space at Enzyme Office Spaces' newly launched centre in Bengaluru. The facility will house approximately 2,200 workstations, including meeting and collaboration areas, the company said in a statement. Located in Sarjapura Road, Enzyme Office Spaces' new 1,20,000 sq ft centre offers around 3,000 seats in total. Following the Vyapar lease, nearly 30,000 sq ft and 800 seats remain available for further leasing at the facility. 'This new space will enable us to scale rapidly while providing our growing team with a productive and inspiring work environment. Enzyme Office Spaces' ability to customize workspace solutions to our needs was a key factor in our decision,' said Sumit Agarwal, founder of Vyapar. 'We're thrilled to welcome Vyapar to our new Bengaluru centre. This deal reflects the increasing demand from digital-first companies for flexible yet dedicated office spaces. At Enzyme, we remain committed to delivering custom workspace solutions that enable high-growth companies to thrive,' said Ashish Agarwal, founder and CEO of Enzyme Office Spaces. The transaction was facilitated by Pat Michaels, a Bengaluru-based commercial real estate brokerage firm specializing in office, retail, land, and consulting services. This is the second major deal announced by Enzyme Office Spaces this year. In early 2025, SUGAR Cosmetics leased a 14,000 sq ft space comprising 300 seats at Enzyme's Andheri East centre in Mumbai. The space was leased from House of Hiranandani and fully occupied by SUGAR to serve as their corporate headquarters. Enzyme Office Spaces currently operates 32 centres across Bengaluru, Mumbai, Hyderabad, and Delhi-NCR, with a total footprint of 1.55 million sq ft and a seating capacity of 38,000. The company offers workspaces at a price range of ₹5,000 to ₹25,000 per desk, depending on location and configuration, it said.
Yahoo
14-05-2025
- Business
- Yahoo
One vendor works to mitigate AI's accuracy problem
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Vectara unveiled a 'guardian agent' that mitigates large language model accuracy Tuesday. The Hallucination Corrector tool identifies AI-generated inaccuracy, explains why it's wrong and offers correction options. 'While LLMs have recently made significant progress in addressing the issue of hallucinations, they still fall distressingly short of the standards for accuracy that are required in highly-regulated industries like financial services, healthcare, law and many others," Vectara founder and CEO Amr Awadallah said in the release. Before Vectara, the executive founded Cloudera and had stints at Google and Yahoo. The company said its tool reduces hallucination rates to less than 1% for LLMs smaller than 7 billion parameters. Vectara also released a toolkit Tuesday to measure the performance of Hallucination Corrector. Enterprises introducing AI into workflows know that the technology requires a new era of governance to maintain trust and ensure accuracy. Companies like Ikea and American Honda have strengthened their governance playbooks in the past couple of years as AI roadmaps take shape. Incoming regulations, such as the European Union's AI Act, are also requiring businesses to deploy guardrails as they move forward with adoption. By next year, Gartner predicts enterprise spending will spike by more than 15% due to the amount of resources needed to secure AI, including access management and governance enforcement. As AI agents gain enterprise traction, workers worry about the technology's reliability, too. More than 1 in 3 employees said AI-produced work is not on par with their own, according to a Pegasystems analysis published in February. Vendors have tried to bridge the gap between what enterprises need and what the tools can provide. Services that ground AI tools in enterprise data have proliferated, enabling better customization and more accurate results. Smaller, task-specific models have also become more popular and are set to gain further adoption as CIOs look to minimize model errors. Gartner predicts enterprises will use small models three times more than general-purpose LLMs by 2027. 'The variety of tasks in business workflows and the need for greater accuracy are driving the shift towards specialized models fine-tuned on specific functions or domain data,' Sumit Agarwal, VP analyst at Gartner, said of the prediction in an April announcement. Enterprise expectations of what vendors should provide will only continue. By 2028, 2 in 5 CIOs will demand vendors offer the capability to autonomously track, manage and contain the results of AI agent actions, according to Gartner. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
21-04-2025
- Business
- CNA
Johor-Singapore Special Economic Zone important and timely: Gan Kim Yong
The Johor-Singapore Special Economic Zone (SEZ) is important and timely as global protectionism rises, said Trade and Industry Minister Gan Kim Yong said on Apr 21. He said it shows how like-minded nations can work together, so they both benefit. He added that it also means businesses have new firms to turn to strengthen their supply chains, amid sweeping US tariffs. He was speaking at the first joint business and investment forum in Johor, attended by more than 800 stakeholders. CNA spoke to Sumit Agarwal, Professor of Finance, Economics and Real Estate at the NUS Business School, who discussed how the SEZ will help firms face uncertainties caused by the US tariffs. The Johor-Singapore Special Economic Zone (SEZ) is important and timely as global protectionism rises, said Trade and Industry Minister Gan Kim Yong said on Apr 21. He said it shows how like-minded nations can work together, so they both benefit. He added that it also means businesses have new firms to turn to strengthen their supply chains, amid sweeping US tariffs. He was speaking at the first joint business and investment forum in Johor, attended by more than 800 stakeholders. CNA spoke to Sumit Agarwal, Professor of Finance, Economics and Real Estate at the NUS Business School, who discussed how the SEZ will help firms face uncertainties caused by the US tariffs.
