When we calculate the price of producing this article using the Ada model, the Hindi translation would require nearly 7X of tokens as well as 7X of the pricing in comparison to the same article produced in English. For a language like Kannada, the pricing is 11X more than what it is in English.
Fitch Ratings, one of the top three credit rating agencies internationally, expects that TCS’ revenue growth will slow down to 11–12% in FY24, recording around a 6% decline.
Spotify, the music and media streaming giant, is about to lay off around 6% of its staff (roughly 590 employees).
“We wanted to create an engine or a software tool, which people could use not just for educating themselves, but also for doing deep analytics on stock market data so that they can take sensible good decisions.”
There are a couple of companies in Infosys’ portfolio that can go as big as OpenAI did. Let’s look at them and where other IT biggies like Tech Mahindra and Wipro are currently investing.
The journey of TCS getting here started way back in 2006 when the company recognised the crucial role patents play in differentiating their offerings and creating strategic barriers to entry.
HCL Tech reported revenue growth of 9% in the third quarter, which is 1.4% less than the previous quarter, but the constant currency revenue growth in Q3 2023 is 2.7% less than the revenue growth reported in Q2 2023.
Initiatives like long-term work-from-home policies, simplification of the GST regime, and streamlining labour laws can facilitate a less-ambiguous and conducive business environment.
It is worth noting that during the April-October period, India imported PCBs worth $478 million from China and Hong Kong, accounting for 55% of the total imports.
Since Sveltekit 1.0 was launched, the chances of any disruptive changes have become minuscule, that is until the launch of 2.0.
While a weaker Rupee and lower attrition have helped IT companies improve their margins, revenue growth is expected to be weaker in 2023.
TCS witnessed a minuscule decline in attrition rate from 21.5 per cent in the previous quarter to 21.3% per cent in FY23 Q3.
© Analytics India Magazine Pvt Ltd & AIM Media House LLC 2023
