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AI SERVICES MARKET
AI turns cyber threat into boardroom crisisIn India, State Bank of India disclosed that 375,000 customer records had been leaked on the dark web, while vulnerabilities in eMudhra’s d...- ETtech Explainer: Why Meta is raising billions through bondsDeveloping AI models and offering AI-powered services requires enormous computing capacity. This involves building data centres, purchasing...
- AI deployment accelerating, but enterprises becoming more discerning: Freshworks CEO Dennis WoodsideThe Nasdaq-listed software-as-a-service (SaaS) company reported a 14% year-on-year increase in revenue to $245.4 million for the July-Septe...
- Meta raises $15 billion through bond sale to fund AI infrastructure expansionMeta Platforms is raising $15 billion through a five-part bond offering to fund its expanding artificial intelligence infrastructure invest...
- India’s IT sector needs a new talent architectureGrowing demand for AI-related services is challenging providers, as they struggle to generate significant revenue. Companies must redesign ...
- Fractal Analytics crosses $100 million in quarterly revenue, Q2 profit up 139%Revenue from operations rose about 20% to Rs 957 crore from Rs 799 crore a year earlier, according to its stock exchange filing. Revenue wa...
- Investors ready for possible shake-up in Congress as US awaits election resultsInvestors are closely monitoring upcoming midterm elections, as results may influence asset prices significantly. A potential Democratic vi...
- Apple’s robust India quarter; Giva’s $100 million fundingApple posted record sales in India in the September quarter. This and more in today’s ETtech Top 5.
- India gains as global investors move away from AI-linked stocks: Goldman SachsIndian equities outperformed the Asia-Pacific region in the MXAPJ index by 7 percentage points last month, making the country one of the be...
- Indian companies trust AI with greater autonomy but struggle to prove financial returns: ReportIndian companies are shifting towards AI-driven processes to enhance operational efficiency, but there's a catch. Despite the optimistic ou...
- Why is Microsoft borrowing $25 billion after offering buyouts to 60,000 employees?Microsoft 25 billion bond sale: Microsoft is raising $25 billion through a bond sale as AI infrastructure costs rise, days after offering v...
- Decoded: Will AI agents outlast the hype?Krish Ramineni, founder of AI note-taking company Fireflies.ai, said consumers were experimenting with applications ranging from shopping a...
- Coders out, VCs in: Investors bet billions on AI-first servicesThe AI-native services firms’ promise of high margins and rapid growth with fewer people has attracted the interest of VC firms. If Distyl ...
- Deep use cases vault India to ChatGPT’s top global market: OpenAI's India MDDuring a visit to India last year, the ChatGPT maker’s cofounder Sam Altman said that India was the fastest growing market for the frontier...
- Vultr eyes 1 GW India capacity by 2029Further, the company said it has hired more than 100 people in India over the past three months and plans thousands of additional hires in ...
- Nasdaq 100 cracks 5%, wipes out $2 trillion in October as AI spending fears deepenInvestor concerns about the high expenditures on artificial intelligence have intensified amidst rising borrowing costs. Major technology c...
- AI could wipe out $200 billion of IT services work by 2030: BCGBCG’s Sreyssha George says Indian IT firms will have to rethink how they price work, hire freshers and pay AI talent, as clients move from ...
- Google shares crash 13% after $9 billion cash burn sparks AI spending fearsAlphabet shares crashed 13% as third-quarter earnings missed expectations due to heavy AI spending and slowing search ad growth. Net profit...
- AI led services to generate up to $200 billion in new work by 2030: BCG reportA recent report highlights the transformative impact of artificial intelligence-led services on the job market, predicting significant work...
- Zoho’s Sridhar Vembu sees a painful rebalancing of jobs in the AI ageSridhar Vembu expressed concerns regarding the impact of artificial intelligence on computer-based employment. He indicated that AI could a...
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