AI (Artificial Intelligence)

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Persistent Extends Growth Run to 23 Quarters, Profit Slips 7% QoQ

Persistent Systems has reported a 6.8% quarter on quarter decline in consolidated net profit to ₹439.45 crore for the December quarter, even as revenue rose 5.5% sequentially and 23.4% year on year to ₹3,778.21 crore. Constant currency revenue growth stood at 4.1% QoQ and 17.3% YoY. The company’s EBIT margin came in at 14.4%, weighed

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San Francisco AI Startup Emergent Secures $70 Mn Series B Funding to Grow Its Team

San Francisco-based AI startup Emergent has secured $70 million in Series B funding from Khosla Ventures and SoftBank Vision Fund 2, along with contributions from Prosus, Lightspeed, Together, and Y Combinator. Since its launch seven months ago, Emergent has raised $100 million in funding. The company has over 5 million users across more than 190

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