Mumbai, July 14 (IANS) IBM shares plunged 23 per cent in pre-market trading on the New York Stock Exchange on Tuesday after the technology giant reported preliminary second-quarter results that fell short of market expectations, triggering a broad sell-off across software and IT services stocks.The sharp decline erased nearly $55 billion from IBM’s market capitalisation and, if sustained through the trading session, would mark the company’s steepest intra-day fall since the 1980s.International B…
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New Delhi, July 10 (IANS) India is shifting from foundational digitisation toward more integrated, accessible and AI‑ready citizen services, with a Digital Government Index score of 58.2, a report said on Friday.The report from US tech giant Adobe said that India’s digital government journey entered a new phase. where focus expanded beyond digitising services, to making them more intuitive, accessible and AI-ready.“By improving discoverability, personalisation and content quality, ministries…
New Delhi, May 8 (IANS) US-based software major Adobe on Friday opened a new office in Noida, as the global technology company continues to expand its presence in India and deepen its focus on artificial intelligence-driven innovation.Located in Sector 129, Noida, the new facility is Adobe’s seventh office in India and its third in Uttar Pradesh.The campus currently houses more than 700 employees across engineering and customer-facing functions, according to the company.”As the world is transfor…
New Delhi, April 22 (IANS) ChatGPT parent OpenAI has rolled out ‘Images 2.0’, its next-generation image generation model, aimed at delivering more precise, realistic and usable visuals with advanced reasoning capabilities.The new model is a significant improvement in following detailed instructions, accurately placing objects, and rendering complex elements such as dense text, user interfaces and multilingual content. It supports flexible aspect ratios and can generate images tailored for format…
New Delhi, March 23 (IANS) Adobe on Monday announced the appointment of Shamik Basu as Vice President, Creative Products Group in India, as part of its push to strengthen local innovation and leadership.Based in Noida, Basu will lead Adobe India’s engineering and product management teams and report to Ely Greenfield. He will also be part of the company’s India leadership team focused on driving growth and innovation in the country.”India is a priority market for Adobe and key to advancing in…
New Delhi, March 13 (IANS) Satya Nadella, Chairman and CEO of Microsoft, on Friday praised Shantanu Narayen’s tenure as chief executive of Adobe, as the latter announced resignation from the US-based software company.Nadella posted on social media platform X, “Congrats Shantanu, on a legendary run at Adobe! You’ve built one of the most important software companies in the world, and expanded what’s possible for creators, entrepreneurs, and brands everywhere.””What has always stood out to …
Washington, March 13 (IANS) Adobe said that its long-serving chief executive Shantanu Narayen, will step down after nearly two decades in the role, triggering a leadership search at one of the world’s most influential software companies.The San Jose-based company said Narayen will transition from the CEO role after a successor is appointed, but will remain as board chair to support the leadership change.The board has formed a special committee to oversee the search process, considering both in…
Hyderabad, Feb 25 (IANS) Telangana Chief Minister A. Revanth Reddy has emphasised that constructive plans should be envisaged to invite investments from the leading global companies and promote Telangana as a manufacturing hub. Adobe CEO Shantanu Narayen paid a courtesy call on the Chief Minister at the latter’s residence here on WednesdayShantanu Narayen, who is also a member of Telangana Rising-2047 Vision Board, and the Chief Minister discussed the steps to be taken by the state government on…
Amaravati, Feb 19 (IANS) The Andhra Pradesh government will sign agreements with various institutions and companies to strengthen Artificial Intelligence (AI) infrastructure and skill development in the state at the ongoing India AI Impact Summit 2026 in New Delhi. The government will enter into an MoU with IBM to provide skills training in AI, quantum technology, and cybersecurity to one million youth in the state.Another agreement will be signed with the United Nations International Computing …
New Delhi, Feb 19 (IANS) Adobe is expanding the opportunity for creativity for millions of students across India, empowering them with AI skills, further accelerating Prime Minister Narendra Modi’s vision,” Shantanu Narayen, Chair and CEO, Adobe, said on Thursday.“I look forward to seeing what the students of India create with Adobe’s industry-leading tools, and in doing so accelerating Viksit Bharat,” he said on the sidelines of the ‘India-AI Impact Summit 2026’ here.Adobe announced a…