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AI AND DATA GROWTH
TCS-OpenAI deal takes shape; Paytm's AI betTCS has secured land in Vizag and Pune that could host OpenAI's first data centres in India. This and more in today's ETtech Top 5.- Alphabet's Gemini delay, spending worries loom over earningsThe Google parent - set to report second-quarter results on Wednesday - has delayed from June the launch of its next flagship model, Gemini...
- Aurum PropTech Q1 income up 57%; logs third straight profitable quarterAurum PropTech achieved a 57% income increase and third consecutive profitable quarter. The company accelerated AI initiatives and acquired...
- AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF saysAs countries and companies race to secure AI's economic benefits, investment in data centres, energy infrastructure and digital networks ...
- BlackRock-backed group commits $5 billion for Aligned Data CentersIn a significant development, a group backed by the investment giant BlackRock has pledged a massive $5 billion to Aligned Data Centers. Th...
- Accenture appoints Pradeep Prabhala as India market unit leadPradeep Prabhala will lead Accenture's India Market Unit starting September 2026. He will help clients harness data and AI for accelerated ...
- Chipmaker IQE raises annual sales growth forecast on AI, data centre demandIQE has raised its full-year revenue growth forecast significantly. IQE upgraded its 2026 revenue growth forecast to above 30%, from 20% pr...
- Energy shock vs AI boom: RBI should act as and when external shocks push domestic data in a direction, not until thenGlobal growth faces pressure from an energy shock and a tech boom. The energy shock stems from conflict, impacting oil prices and shipping ...
- Iren shares jump 16% as $2.8 billion AI cloud deals lift revenue targetIREN shares surged after the company secured $2.8 billion in AI cloud contracts and raised its 2026 revenue target. Strong demand for GPU i...
- Downfall of a Wall Street darling: Why Oracle shares crashed 65% from peakOracle shares have dropped about 65% from their peak as investors shift focus from AI-driven cloud growth to rising capital expenditure, de...
- Global Market: ASML's AI-fuelled rally raises prospects of becoming Europe's first trillion-dollar companyThe artificial intelligence boom has propelled Dutch chip equipment maker ASML to become Europe's most valuable listed technology company, ...
- AI to fuel India's tech services growth; public cloud spending to reach USD 17.5 bn in 2026: ReportIndia's technology services sector is expected to see strong AI-led growth, with end-user spending on public cloud services projected to su...
- AI skill demand rises over 17-fold in tech jobs, six-fold in non-tech jobs since 2020AI skills are now a baseline workplace capability across India. Demand for AI skills in technology jobs has seen a significant increase. No...
- Global Market: AI chip rally faces valuation test as investors rotate towards hyperscalersAI chipmaker stock rallies are losing momentum as investors reassess valuations. Hyperscaler capital expenditure growth is projected to slo...
- Among AI crowd, some investors position for slower hyperscaler spending growthFor most of the past two years, the opposite trade prevailed: investors piled into semiconductor and infrastructure companies on the assump...
- HCL Tech shares rise 3% after signing 7-year deal with Guardian Life InsuranceHCLTech shares rose 3% after the IT major announced a seven-year deal with The Guardian Life Insurance Company of America to expand their s...
- Micron signs deals with Qualcomm, others for AI-powered automobile chip componentsThe agreements come as the industry races to expand manufacturing capacity to meet the booming demand for memory chips due to the rapid a...
- Can America lag China in the AI race? A new threat is cropping upThe pause on data center construction in New York reveals a significant conflict between the accelerating demand for AI and the limitations...
- Karnataka to roll out comprehensive data centre policy to support infra requirements of AIKarnataka will soon unveil a comprehensive data centre policy to support AI infrastructure needs. This policy aims to create essential digi...
- HCLTech to invest Rs 3,500 crore in data centre businessThis came alongside the announcement of the IT company's June quarter result. HCLTech posted over 20% year-on-year rise in its consolidated...
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