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Infosys Collaborates with Meta to Drive Enterprise AI Integration!

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In a strategic move to advance artificial intelligence (AI) innovation across industries, Infosys has expanded its collaboration with Meta to establish a new Meta Centre of Excellence (COE). This partnership aims to facilitate enterprise AI integration while promoting internal adoption and contributions to open-source communities.

Core Objectives of the Collaboration

At the core of this collaboration is the acceleration of Meta’s Llama (Large Language Model Meta AI) stack, an open-source large language model (LLM) designed to empower tech professionals to create industry-specific AI solutions. Infosys aims to streamline the adoption of the Llama stack for its clients, offering them seamless integration into their systems.

Recent Developments

This partnership follows Meta’s release of its largest open-source AI model, Llama 3.1, in July, which competes with other leading AI models such as GPT-4.0 and Claude 3.5 Sonnet. The introduction of these models positions both companies at the forefront of AI innovation.

Facilities and Support Offered

Additionally, Infosys has unveiled an AI Experience Zone at its Bengaluru campus, providing clients with hands-on demonstrations of AI advancements powered by Infosys Topaz and Meta’s Llama technology. This zone is designed to showcase practical applications of AI in various business contexts.

Support for Clients

Balakrishna D R, Executive Vice President and Global Services Head of AI and Industry Verticals at Infosys, emphasized the significance of the collaboration:

“By integrating Meta’s Llama family of models into Infosys Topaz, we are harnessing the power of collaboration and transparency to make AI accessible and impactful for all businesses.”

To further support clients in adopting these technologies, Infosys will provide resources such as:

  • Training sessions on utilizing Llama models effectively
  • Access to development tools for creating customized AI solutions
  • Collaborative projects that leverage both companies’ expertise

Industry Context

The move comes at a time when businesses are increasingly looking to integrate AI into their operations. The demand for advanced AI solutions is growing rapidly across sectors such as finance, healthcare, and retail, where companies seek to enhance efficiency and decision-making processes.

Open-Source Commitment

Infosys has long been a proponent of open-source software and remains steadfast in its commitment to democratizing AI. By leveraging Meta’s Llama stack, Infosys is driving significant advancements in AI while fostering innovation across industries.

Future Prospects

As an early adopter and launch partner for Llama 3.1 and 3.2 models, Infosys is positioned at the forefront of open-source AI innovation. The integration of the Llama models with Infosys Topaz—a suite of services utilizing generative AI technologies—aims to craft innovative solutions that accelerate business value for enterprises worldwide.

Looking Ahead

With reports indicating that both companies plan to expand their collaborative efforts further, this partnership could lead to new breakthroughs in AI technology that benefit a wide range of industries.

Conclusion

The collaboration between Infosys and Meta represents a significant step forward in the realm of enterprise AI integration. By combining their strengths, both companies aim to make advanced AI technologies more accessible and impactful for businesses globally.

As organizations continue to navigate digital transformation, partnerships like this one will be crucial in driving innovation and ensuring that companies can leverage cutting-edge technologies effectively.

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Piyush Anchliya Joins Cashfree Payments as CFO Amid Expansion in India’s Fintech Sector

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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Delhivery’s Acquisition of Ecom Express: A Major Consolidation in Indian Logistics

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Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.

Background

Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.

Strategic Benefits for Delhivery

  1. Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
  2. Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
  3. Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.

Challenges Addressed

The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.

Future Outlook

The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.

With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.

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