All articles tagged with #it industry
India strongly opposes the US's new $100,000 fee for H1-B visas, which primarily affects Indian and Chinese skilled workers, citing humanitarian and economic concerns, and warning of potential disruptions to the global tech industry and Indian workers' lives.
Shares of French IT firm Atos fell 14% as the company considers two rescue deals that will significantly dilute existing shareholders. The deals, led by Czech billionaire Daniel Kretinsky and key shareholder David Layani, are part of a months-long restructuring process. Atos aims to secure support from financial creditors by June 5 and finalize the restructuring in July. The company has been struggling with mounting debt and failed acquisition talks, including discussions with Airbus and the French government.
Wipro CEO Thierry Delaporte has resigned, to be replaced by veteran insider Srinivas Pallia, amid a turbulent period for the company marked by operating model changes, top-level departures, and stagnant growth. Delaporte's departure comes as Wipro struggles to win large deals and faces challenges in the Indian IT industry. Pallia, who joined Wipro in 1992, is tasked with retaining talent, boosting company morale, and winning large deals to compete with industry rivals.
North Korean IT professionals are using fake names, fabricated LinkedIn profiles, and counterfeit resumes to secure remote positions in Western tech companies, similar to the issue faced by Indians in the U.S. Over the past four years, North Korea has deployed a significant number of IT workers abroad, who earn ten times more than the average North Korean laborer.
The field of bio-computing is advancing with the creation of DishBrain, a neural system that combines 800,000 living brain cells and demonstrates intelligence-like behavior, such as playing Pong. Recognizing the need for ethical guidelines in this emerging field, the inventors of DishBrain have collaborated with bioethicists to explore the moral considerations surrounding consciousness in bio-computing systems. This technology not only expands medical research capabilities but also offers significant energy efficiencies, potentially transforming the carbon footprint of the IT industry. The paper emphasizes the importance of addressing these ethical dimensions and provides a starting framework for responsible research and application of bio-computing technology.
Rajesh Gopinathan, CEO of Tata Consultancy Services (TCS), India's largest IT services provider, will resign from his position after just a year into his second five-year term. K Krithivasan has been named CEO-designate and will take over as CEO and managing director in the next financial year, subject to shareholders' approval. The move comes as the Indian IT industry faces a challenging macroeconomic environment in its key markets of Europe and the United States.