logo
Evergent of US opens global value centre in Hyderabad with plans to hire 1,000 techies by 2025 end

Evergent of US opens global value centre in Hyderabad with plans to hire 1,000 techies by 2025 end

Time of India03-06-2025
HYDERABAD: California-based AI-powered SaaS solutions provider Evergent has opened its global value centre in Hyderabad.
The company, which has already onboarded over 600 engineering and AI professionals in Hyderabad, plans to scale this up to over 1,000 employees by 2025 end.
Inaugurating the new GVC, IT & industries minister Duddilla Sridhar Babu said
Telangana
is ready to contribute $1 trillion to India's economy over the next decade.
'To achieve this, we must shift from volume-led to value-led growth, by building strengths in high-impact areas like AI, semiconductors, defence, and deep-tech. The launch of Evergent's GVC is a reflection of this vision and marks a shift towards building high-value IP and global products from Telangana by leveraging Hyderabad's deep tech talent and driving innovation at scale,' the minister said.
Evergent founder & CEO Vijay Sajja said though the company's global headquarters are in Sunnyvale, California, Hyderabad has been key to its success.
'We've combined the best of Silicon Valley and India to build mission-critical, AI-driven SaaS solutions that power monetisation for global media giants. Hyderabad's exceptional engineering talent is at the core of our innovation, developing world-class IP and managing over 920 million subscribers. This is driving our AI capabilities to deliver predictive, personalized solutions that help media and telco businesses grow and retain subscribers,' he said.
Its platform, entirely built in India, has already helped onboard over 920 million subscribers worldwide on behalf of its clients, creating one of the industry's largest datasets for AI-driven business intelligence, it said.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Adani to exit AWL Agri, sells stake to Wilmar for Rs 10,874 crore
Adani to exit AWL Agri, sells stake to Wilmar for Rs 10,874 crore

Indian Express

timea minute ago

  • Indian Express

Adani to exit AWL Agri, sells stake to Wilmar for Rs 10,874 crore

The Adani Group is set to fully exit AWL Agri Business (formerly Adani Wilmar Ltd) by selling its entire stake to its joint venture partner, Wilmar International of Singapore, for Rs 10,874 crore. This marks the end of one of India's longest-running joint ventures, which began in 1999. Wilmar's stake in the company will now increase from 44 per cent to 64 per cent, making it the majority shareholder and bringing Adani's involvement in the consumer-focused agri business to a close. Currently, Adani Commodities — a unit of Adani Enterprises — holds 30.42 per cent in AWL Agri. It will sell 20 per cent of this to Wilmar's Singapore-based subsidiary, Lence, at Rs 275 per share, amounting to Rs 7,150 crore. The remaining 10.42 per cent will be sold to a group of pre-identified investors, although Adani has not disclosed their identities. Adani had earlier stated, in December 2024, its intent to sell its full 44 per cent stake in the joint venture to refocus on its core infrastructure businesses. As part of the agreement announced Thursday, Adani Commodities LLP (ACL) and Lence Pte Ltd confirmed that Lence will purchase up to 259.9 million equity shares — representing 20 per cent of AWL Agri — from ACL. In January 2025, Adani had already sold 13.5 per cent of its AWL stake via an Offer for Sale (OFS) at Rs 275 per share, to help meet regulatory norms on minimum public shareholding. That reduced its holding to 30.42 per cent. The Adani-Wilmar joint venture initially had both parties holding 44 per cent each. Under a prior agreement signed in December 2024, they had also granted each other options to buy or sell shares at a mutually agreed price, capped at Rs 305 per share. With this transaction, Wilmar International becomes the sole controlling shareholder of AWL Agri with a 64 per cent stake, completing Adani's strategic exit from the FMCG space.

Zoho develops AI-powered large language model with speech recognition
Zoho develops AI-powered large language model with speech recognition

The Hindu

timea minute ago

  • The Hindu

Zoho develops AI-powered large language model with speech recognition

Zoho, a Chennai-based technology company, on Thursday unveiled a slew of AI platforms, including its much-touted, proprietary Zia LLM, an AI-powered large language model with automatic speech recognition capability (speech to text) for English and Hindi. Zia LLM was built completely in-house by leveraging NVIDIA's AI-accelerated computing platform, said Zoho. The company also unveiled Zia Agent Studio, a no-code/low-code agent builder with over 700 built-in actions and over 25 prebuilt AI agents, including several tailored for Indian customers. The launch also included a Model Context Protocol (MCP) server, which allows third-party agents to access actions from Zoho apps securely, with interoperability and governance in place. These launches were part of Zoho's broader AI strategy focused on privacy, contextual intelligence, and efficiency, the company said. These launches emphasised Zoho's long-standing aim to build foundational technology focused on the protection of customer data, breadth and depth of capabilities because of the business context, and value, Mani Vembu, CEO, Zoho, said on the sidelines of Zoholics India, the company's annual user conference held here. 'Our LLM model is trained specifically for business use cases, keeping privacy and governance at its core, which has resulted in lowering the inference cost, passing on that value to the customers, while also ensuring that they can utilise AI productively and efficiently,' he explained. Zoho's differentiation came from offering agents over its low-code platform so that there was a human in the loop for verification and modification, Mr. Vembu said, adding, 'We call this co-creation with the AI agent. It is much simpler to verify and make changes in the UI screen than reading the code.' 'We are enabling this across all the features to make it simpler to verify and validate the AI output,' he added. According to Mr. Vembu, India is one of Zoho's top markets and the company grew by 32% in 2024 in India.

ChatGPT helps write this mayor's speeches, now he wants a thousand city workers using AI
ChatGPT helps write this mayor's speeches, now he wants a thousand city workers using AI

Time of India

time4 minutes ago

  • Time of India

ChatGPT helps write this mayor's speeches, now he wants a thousand city workers using AI

Academy Empower your mind, elevate your skills Before the mayor of San Jose, California, arrives at a ribbon-cutting ceremony for a new business, his aides ask ChatGPT to help draft some talking points."Elected officials do a tremendous amount of public speaking," said Mayor Matt Mahan , whose recent itinerary has taken him from new restaurant and semiconductor startup openings to a festival of lowriding car politicians might be skittish admitting a chatbot co-wrote their speech or that it helped draft a $5.6 billion budget for the new fiscal year, but Mahan is trying to lead by example, pushing a growing number of the nearly 7,000 government workers running Silicon Valley 's biggest city to embrace artificial intelligence said adopting AI tools will eliminate drudge work and help the city better serve its roughly 1 million hardly the only public or private sector executive directing an AI-or-bust strategy, though in some cases, workers have found that the costly technology can add hassles or mistakes."The idea is to try things, be really transparent, look for problems, flag them, share them across different government agencies, and then work with vendors and internal teams to problem solve," Mahan said in an interview. "It's always bumpy with new technologies."By next year, the city intends to have 1,000, or about 15%, of its workers trained to use AI tools for a variety of tasks, including pothole complaint response, bus routing and using vehicle-tracking surveillance cameras to solve of San Jose's early adopters was Andrea Arjona Amador , who leads electric mobility programs at the city's transportation department. She has already used ChatGPT to secure a $12 million grant for electric vehicle Amador set up a customized "AI agent" to review the correspondence she was receiving about various grant proposals and asked it to help organize the incoming information, including due dates. Then, she had it help draft the 20-page far, San Jose has spent more than $35,000 to purchase 89 ChatGPT licenses -- at $400 per account -- for city workers to use."The way it used to work, before I started using this, we spent a lot of evenings and weekends trying to get grants to the finish line," she said. The Trump administration later rescinded the funding, so she pitched a similar proposal to a regional funder not tied to the federal Amador, who learned Spanish and French before she learned English, also created another customized chatbot to edit the tone and language of her professional close relationships to some of the tech industry's biggest players, including San Francisco-based OpenAI and Mountain View-based Google , the mayors of the Bay Area's biggest cities are helping to promote the type of AI adoption that the tech industry is striving for, while also promising guidelines and standards to avoid the technology's Francisco Mayor Daniel Lurie announced a plan Monday to give nearly 30,000 city workers, including nurses and social workers, access to Microsoft 's Copilot chatbot, which is based on the same technology that powers ChatGPT. San Francisco's plan says it comes with "robust privacy and bias safeguards, and clear guidelines to ensure technology enhances - not replaces - human judgment."San Jose has similar guidelines and hasn't yet reported any major mishaps with its pilot projects. Such problems have attracted attention elsewhere because of the technology's propensity to spew false information, known as digital fingerprints were found on an error-filled document published in May by U.S. Health Secretary Robert Kennedy Jr.'s "Make America Healthy Again" Fresno, California, a school official was forced to resign after saying she was too trusting of an AI chatbot that fabricated information in a some government agencies have been secretive about when they turn to chatbots for help, Mahan is open about his ChatGPT-written background memos that he turns to when making speeches."Historically, that would have taken hours of phone calls and reading, and you just never would have been able to get those insights," he said. "You can knock out these tasks at a similar or better level of quality in a lot less time."He added, however, that "you still need a human being in the loop. You can't just kind of press a couple of buttons and trust the output. You still have to do some independent verification. You have to have logic and common sense and ask questions."Earlier this year, when OpenAI introduced a new pilot product called Operator, it promised a new kind of tool that went beyond a chatbot's capabilities. Instead of just analyzing documents and producing passages of text, it could also access a computer system and schedule calendars or perform tasks on a person's behalf. Developing and selling such "AI agents" is now a key focus for the tech than an hour's drive east of Silicon Valley, where the Bay Area merges into Central Valley farm country, Jamil Niazi, director of information technology at the city of Stockton, had big visions for what he could do with such an the parks and recreation department could let an AI agent help residents book a public park or swimming pool for a birthday party. Or residents could find out how crowded the pool was before packing their swim months later, however, after completing a proof-of-concept phase, the city didn't buy a full license for the technology due to the market research group Gartner recently predicted that over 40% of "agentic AI" projects will be canceled before the end of 2027, "due to escalating costs, unclear business value or inadequate risk controls."San Jose's mayor remains bullish about the potential for these AI tools to help workers "in the bowels of bureaucracy" to rapidly speed up their digital paperwork."There's just an amazing amount of bureaucracy that large organizations have to have," Mahan said. "Whether it's finance, accounting, HR or grant writing, those are the kinds of roles where we think our employees can be 20 (to) 50% more productive -- quickly."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store