Sector: IT
India’s IT model is out of date. Can the industry reinvent itself?
For decades it seemed Indian IT could only grow. The Y2K bug turbocharged their initial expansion in the late 1990s, and though later waves of changing technologies brought down other companies (remember Nokia), the Indian IT sector surfed to success. With every new technology, they pivoted. From SMAC (social, mobile, analytics and cloud) to SaaS … Read more
If OpenAI becomes ‘Lehman Brothers of AI bubble’ – What happens to Microsoft, Nvidia, Oracle and Amazon?
“The AI bubble is actually an OpenAI bubble,” AI critic and researcher Ed Zitron says, arguing that the ChatGPT maker sits in the centre of today’s AI boom. If it collapses, he warns, it could become “the Lehman Brothers of the AI bubble.” “OpenAI is the reason anyone cares about AI,” Zitron says and further … Read more
Who’s really making money from the AI boom? Follow the cash behind OpenAI, Nvidia & Big Tech
The AI boom has unleashed an unprecedented wave of spending, with technology companies committing hundreds of billions of dollars to AI infrastructure, data centres, chips, and startups. But amid this investment frenzy, one key question remains: where is all the money actually going? OpenAI led AI boom Today’s AI spending wave can be traced back … Read more
How are GCCs reshaping India’s employment and realty sectors? | Explained
The story so far: The Global Capability Centres (GCCs) are wholly-owned, captive firms of multinationals that serve only their global parent company. These offices of multinationals are reshaping the urban office spaces and job markets in Bengaluru, Hyderabad, Pune and a host of other Indian cities. They have added a layer of high-paying jobs at … Read more
Why is IBM stock crashing today? Shares plunge over 25% – here’s what’s driving the fall
IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo) IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2 … Read more
AI’s biggest winners may be the engineers who don’t write code
India’s fast-growing artificial intelligence data-centre industry is driving a sharp rise in demand for engineers from mechanical, electrical and industrial disciplines, creating lucrative opportunities in fields that had long been eclipsed by software jobs, as reported by Times of India. As companies ramp up investments in AI infrastructure, professionals with expertise in power systems, cooling … Read more
HCLTech ends three-year mega-deal drought with $1.14 billion contract from European client
HCL Technologies Ltd bagged a $1.14 billion, five-year contract from a European Fortune 50 company, ending a three-year mega-deal drought for the country’s third-largest tech services firm. The deal assures HCLTech $228 million in annual revenue, translating to about 1.6% growth in FY27. “HCLTech is pleased to announce the signing of a significant strategic partnership … Read more
WhatsApp usernames safe from scams, impersonation? Meta issues FAQs amid government scrutiny
Meta-owned WhatsApp has put out a detailed FAQ on its upcoming username feature, addressing concerns around impersonation, scams and unwanted contact as users begin reserving usernames. The FAQ comes days after the Centre issued a notice to Meta, flagging fraud and impersonation risks and asking the company to hold off on the rollout until consultations … Read more