Lenovo to invest $1B for AI platforms; Cognizant unveils new business unit

Lenovo to invest $1 billion to build AI solutions

Lenovo has planned to invest $1 billion over three years to expand its infrastructure solutions to accelerate artificial intelligence (AI) deployment for businesses around the world.

This investment will expand the company’s AI-ready portfolio of smart devices, infrastructure solutions and services to help accelerate innovation, enabling the use of generative AI and delivering cognitive decisions at scale throughout remote locations across financial, manufacturing, healthcare, retail, and smart city applications.

Lenovo’s investment strategy includes an additional $100 million commitment to expand Lenovo AI Innovators programme, which has delivered over 150+ AI-ready solutions created with 45 ISV partners across its end-to-end ecosystem.

The solutions bring AI from the lab to scale and enable technology shifts within high-growth sectors. Leveraging AI-ready solutions, customers can more rapidly deploy and leverage cutting-edge AI capabilities, like generative AI, computer vision, prediction, and virtual assistants.

Cognizant unveils new business unit to target ‘blue economy’

Cognizant has created a new business group, Cognizant Ocean, to help clients in the “blue economy” apply digital technologies, including AI and data analytics, to improve their business outcomes, reduce their carbon output, and decarbonise the oceans.

Cognizant Ocean aims to drive sustainability, efficiency, and growth in the blue economy, which encompasses a wide range of sectors that operate in and around the world's oceans, including shipping, marine transportation, offshore oil and gas, marine renewables, aquaculture, and marine conservation, among others.

These industries play a crucial role in the global economy and provide various goods and services, but also face significant challenges related to sustainability, environmental impact, and climate change.

Cognizant Ocean focuses on four key industries: Blue Carbon, Blue Energy, Blue Transport, and Blue Food.

T-Hub partners with Renault Nissan Technology Centre

T-Hub, the Hyderabad-based innovation ecosystem, has partnered with Renault Nissan Technology Business Centre India (RNTBCI), a global technical and development centre for the Open Innovation Challenge. The collaboration aims to run a corporate innovation programme that will connect startups with leading industry experts, provide proof-of-concept (PoC) grants, and facilitate engagement with startups for industry-driven use cases.

This partnership will explore and leverage the creative potential of Indian tech startups in the thriving innovation ecosystem. T-Hub's extensive network and expertise in nurturing startups will enable RNTBCI to connect with leading technological startups possessing unique skills aligned with the Renault Nissan tech innovation strategy. By tapping into T-Hub's vast innovation ecosystem, RNTBCI aims to enhance its innovation capabilities and foster the growth of disruptive solutions within the mobility market.

Through this collaboration, T-Hub startups will have the opportunity to receive mentorship from Renault Nissan Tech experts, engage in paid PoC projects, and pitch their innovative solutions to the corporate leadership at Renault Nissan.

Tally Solutions unveils new version of GST software

Tally Solutions, a business management software provider, has launched TallyPrime 3.0—a revamped GST solution with improvements in the reporting capability to help businesses collect outstanding dues faster. The company expects this version of the software to help increase its customer base and double its revenue.

According to the company, the users of TallyPrime 3.0 can manage multiple GSTIN data in a single Tally Company giving flexibility to the customers to maintain their business data centrally using a single company with ease and efficiency.

Businesses can generate and embed payment links or QR codes into their invoices or other reports. Customers can also make the payment through various preferred modes like domestic and international debit and credit cards, EMIs, Pay Later, net banking, UPI, and mobile wallets.