South Korean technology giant Samsung Electronics is expecting a significant rise in operating profit as the global artificial intelligence (AI) boom continues to strengthen demand for advanced semiconductor products. The company is benefiting from increased requirements for high-performance memory chips used in AI servers, data centres, and next-generation computing systems. The rapid expansion of AI...
Artificial intelligence is poised to become one of the biggest growth drivers for the global technology services industry over the next decade, according to Infosys, which believes AI will complement rather than replace the role of IT services companies. The technology giant has projected that AI-related opportunities for the industry could reach as much as...
Global technology giant Cisco is preparing to eliminate approximately 4,000 positions as part of a broad restructuring initiative aimed at strengthening its artificial intelligence capabilities and streamlining operations for long-term growth. The move comes at a time when the company is witnessing a surge in customer demand and increased enterprise spending on AI-powered infrastructure solutions....