NTT is poised to take full control of IT service provider NTT Data Group Corp. in a deal valued at 2.37 trillion Japanese yen, marking a significant milestone in NTT’s plans to dominate the artificial intelligence market.
NTT Data’s future is uncertain as its parent company, Nippon Telegraph and Telephone Corp, seeks to take full control, potentially threatening the subsidiary’s autonomy and long-term success.
Banks worldwide are grappling with the adoption of generative AI, with differing strategies and priorities emerging across regions, as they seek to balance productivity and cost optimization amidst financial constraints.
NTT DATA Group Corporation has reported strong quarterly results, with significant increases in net sales and operating profit, indicating a positive trend for the company.