Wipro Q1 EPS $0.03, Inline, Sales $2.586B Miss $2.620B Estimate

Arcee AI Reaches $1B+ Valuation with Series B Funding to Advance Frontier Open-Weight AI

Arcee AI, a U.S. artificial intelligence company, announced a Series B funding round led by Vista Equity Partners, Cambium Capital, and Emergence Capital, valuing the company at over $1 billion. The funding will accelerate development of its Trinity family of open-weight models, expand collaboration with the U.S. Department of Energy, and launch new products for customizing and deploying open models. Arcee demonstrated capital efficiency by developing its 2025 model lineup, including Trinity Large (400B parameters), for approximately $20 million.

Shares of IT Services companies are trading higher. The sector may be rallying in response to AI executives from firms including Anthropic, OpenAI and SpaceXAI signaling that the industry's growth may have to be slowed, which may limit threats to IT Service vendors.

Wipro And CrowdStrike Launch The Chief Information Security Officer Command Center

The CISO Command Center reinforces Wipro’s consulting-led cybersecurity strategy by enablingenterprises to move from tool-driven operations to an enterprise-wide, risk-led operating model.The Center will be

Wipro Announces Renewal Of Digital Workplace Services Contract With ABB; Terms Not Disclosed