units

IBM is establishing an artificial intelligence cluster for banking, financial services, and insurance units in GIFT City, Gujarat.

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IBM is establishing an artificial intelligence cluster for banking, financial services, and insurance units in GIFT City, Gujarat.

IBM is set to create an artificial intelligence (AI) cluster for banking, financial services, and insurance units in GIFT City, Gujarat. The cluster will allow BFSI units to experiment with AI, scale it up, and develop AI capabilities for themselves. The CEO of IBM, Sandip Patel, stated that providing a technical platform, expertise, and capabilities … Read more

End of road for VMware’s end-user computing and security units: Broadcom

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End of road for VMware’s end-user computing and security units: Broadcom

All this comes as the global market continues to look rosy for IT and cloud spending. Recently, Gartner forecasted that most major markets would see healthy growth in IT spending for 2024, including Europe, where it’s projected to be up 9% for the year, and India, which is projecting 11% growth. Globally, IT spending is … Read more

Broadcom to divest VMware’s EUC and Carbon Black units

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Broadcom to divest VMware’s EUC and Carbon Black units

Updated Broadcom CEO Hock Tan has announced his intention to divest VMware’s end-user computing and Carbon Black units, and signalled a rapid shift to subscription licenses of bigger software bundles. Speaking on Broadcom’s Q4 2023 earnings call, Tan told investors “We are now refocusing VMware on its core business of creating private and hybrid cloud … Read more

Broadcom Initiates Layoffs and Reviews Business Units Post VMware Acquisition – InfotechLead

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Broadcom Initiates Layoffs and Reviews Business Units Post VMware Acquisition – InfotechLead

In the aftermath of Broadcom’s recent acquisition of cloud-computing giant VMware, reports have surfaced regarding significant changes within the organization. According to Bloomberg News, approximately 1,300 employees in California are set to face layoffs as part of a restructuring effort by the chipmaker.Insider sources revealed that Broadcom is also evaluating strategic options for two key … Read more

Broadcom to review strategic options for two VMware units – Insider

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(Reuters) – U.S. chipmaker Broadcom will review strategic options for two business units of VMware, Insider reported on Wednesday, citing a leaked email from CEO Hock Tan to employees. Broadcom closed its $69 billion acquisition of the cloud-computing firm on Nov. 22 after receiving regulatory approval from China. The units being reviewed are End-User Computing … Read more

Broadcom to review strategic options for two VMware units – Insider

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Broadcom to review strategic options for two VMware units – Insider

A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Nov 29 (Reuters) – U.S. chipmaker Broadcom (AVGO.O) will review strategic options for two business units of VMware, Insider reported on Wednesday, citing a leaked email from CEO Hock … Read more