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TWTW Weekly Wrap Up: 4-10 June

"India's robust tech spend propels Indian companies towards a future of innovation, competitiveness, and boundless opportunities enabled by digital." - Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra

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Last Week’s Latest

  • OpenAI is not training GPT-5 presently, said CEO Sam Altman.
  • Salesforce and Google Cloud are teaming up to help businesses leverage data and AI via a new strategic partnership.
  • Apple unveils Vision Pro AR/VR headset, its first major new product in nearly a decade.
  • Japan privacy watchdog warns ChatGPT-maker OpenAI on user data.
  • Cisco brings generative AI to Webex and Cisco Security Cloud.
  • India’s tech spend to touch Rs 3.9 lakh crore in 2023, revealed Report.
  • JPMorgan and Indian banks pilot blockchain-based settlement system.
  • India, USA Discuss High-Tech Joint Production Ahead of PM Modi’s Visit.
  • Kerala becomes first state to have its own internet service provider K-FON.
  • ONDC launches B2B ecommerce, SignCatch and Rapidor join network.

Focused Story Of The Week #1: Apple's Vision Pro Headset: Revolutionising The AR/VR Industry

Apple's Vision Pro AR/VR headset has the potential to be a game changer, not only for Apple but for the entire AR/VR industry. It seamlessly integrates AR and VR technologies, providing a level of versatility never seen before. Users can switch between immersive virtual environments and augmented reality overlays effortlessly. Apple's ecosystem integration sets it apart. With compatibility across various Apple devices, a unified AR/VR experience is created, fostering a seamless and interconnected user journey.

The Vision Pro headset's impact extends beyond entertainment. Industries like education, healthcare, and design can benefit from its immersive capabilities. From virtual classrooms to realistic medical simulations and collaborative architectural visualisations, the possibilities are limitless.

Apple's entry into the AR/VR market will also accelerate industry innovation. Their reputation for design excellence and user-centric approach will influence other manufacturers, fostering advancements in hardware, software, and content creation. This will lead to a more vibrant and diverse AR/VR landscape, providing consumers with a wider array of options and experiences.

Apple's Vision Pro AR/VR headset is poised to revolutionise the industry. Its seamless integration of AR and VR, coupled with Apple's ecosystem and commitment to user experience, paves the way for a transformative shift in how we engage with digital content. As the Vision Pro headset unlocks new possibilities, we can expect a revolution that will reshape the future of AR/VR.

"Get ready to enter a new dimension of possibilities with Apple's Vision Pro AR/VR headset—the game changer that will redefine how we experience and interact with the digital world!"

Focused Story Of The Week #2: India's Tech Spend: Empowering Indian Companies For Success

India's tech spend is projected to reach an impressive Rs 3.9 lakh crore in 2023, marking a significant milestone in the country's digital transformation journey. This surge in tech investments brings a multitude of benefits for Indian companies, empowering them to embrace innovation, enhance competitiveness, and drive economic growth.

Increased tech spend provides Indian companies with the resources needed to harness cutting-edge technologies. By embracing advancements like artificial intelligence, machine learning, and IoT, businesses can streamline operations, improve efficiency, and deliver superior products and services. This fosters a culture of innovation, enabling Indian companies to stay at the forefront of industry trends and drive sustainable growth.

With the rapid digitalisation of industries, technology investments are crucial for companies seeking to stay competitive. By upgrading their IT infrastructure and systems, businesses can adapt to evolving customer expectations and offer personalised experiences. This modernisation empowers Indian companies to gain a strong competitive edge, not only within domestic markets but also on the global stage, opening up new growth opportunities.

India's increased tech spend has a positive ripple effect on job creation and overall economic growth. As companies invest in technology, they generate demand for skilled professionals who can navigate the digital landscape. This leads to the creation of high-quality jobs, driving economic prosperity and boosting India's position as a global technology hub.

India's tech spend reaching Rs 3.9 lakh crore in 2023 signifies a significant milestone for Indian companies. With this increased investment, businesses can unleash innovation, enhance competitiveness, and contribute to job creation and economic growth. By embracing technology and leveraging its transformative power, Indian companies are well-positioned to thrive in the digital era and make a lasting impact on both domestic and global markets.

"India's robust tech spend propels Indian companies towards a future of innovation, competitiveness, and boundless opportunities enabled by digital."