Biden administration's decision leverages broad powers established during the Trump era, aimed at restricting transactions with tech companies from adversarial nations like Russia and China
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In conversation with BW Businessworld, Daisy Chittilapilly, President – India & SAARC, Cisco, discusses recent initiatives in India, including manufacturing, digital acceleration projects, and the launch of cloud services like WebEx Calling and Meraki
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Cisco’s initiative with the Meraki India Region points to its strategic focus on enhancing local capabilities to support India’s digital-first agenda
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Financially, only 32 per cent of CEOs in India are primarily funding their AI investments through net new IT spending, with the majority opting to reduce other technology budgets instead
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Seed-stage funding saw a slight increase to USD 455 million, early-stage funding remained steady at USD 1.3 billion, and late-stage funding rose to USD 2.4 billion
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The company reported quarterly revenue of USD 16.47 billion, slightly below estimates of USD 16.53 billion
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The growth was predominantly due to a surge in AI startups, which accounted for 74 per cent of the new ventures
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Since its US listing in 1999, Infosys has achieved a 22 per cent compound annual growth rate (CAGR) in revenue and a 15 per cent CAGR in market capitalisation
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