Tag: hcltech
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India’s HCLTech to invest $1.48 billion in AI data center, open 5,000-seat tech hub
July 24 : India’s HCLTech said on Friday it would invest 142.57 billion rupees ($1.48 billion) to set up its first AI data center in the eastern state of Odisha in partnership with homegrown startup Sarvam AI.India’s IT services firms are entering the data center business to capitalise on demand from AI and
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India’s HCLTech results beat on financial services boost; enters data center business
BENGALURU, July 13 : HCLTech, India’s third-largest software services exporter, beat profit and revenue expectations for the first quarter on Monday, buoyed by strength in its financial services and a weak rupee.The company also retained its annual revenue forecast while announcing a foray into the data cente
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India’s HCLTech wins $1.14 billion deal with European firm
BENGALURU, July 3 : India’s HCLTech has won a $1.14 billion deal with a major European firm, the software services exporter said on Friday.HCLTech’s shares opened 4.6 per cent higher on Friday after the announcement, boosting gains on the Nifty IT index, which was up 2.5 per cent.Here are some details:
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Indian AI model developer Sarvam raises US$234 million, valuing it at US$1.5 billion
Indian IT services and technology company HCLTech led the funding round with a US$150 million investment and will work with Sarvam to develop language models and AI solutions for its global clients.
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India’s HCLTech to buy 10.5% stake in Sarvam AI, valuing startup at $1.5 billion
June 15 : India’s HCLTech said on Monday it will acquire a 10.5 per cent stake in domestic generative AI startup Sarvam AI for 14.27 billion rupees ($150.7 million) in cash, leading the firm’s Series B round as a strategic investor.Sarvam was valued at $1.5 billion in the round, which raised $234 million in i
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