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Career warning for Gen Z: How IT industry's AI obsession will create a purchasing power crisis, Zoho's Sridhar Vembu explainsZoho co-founder and Chief Scientist Sridhar Vembu has warned that the IT industry's growing focus on AI is reducing new hiring, as companie...- IT industry not creating new jobs, funds diverted to AI, data centre costs: Sridhar VembuIn a post on social media platform X, Vembu noted that while the IT industry, including Zoho, has avoided large-scale layoffs, it has faile...
- AI, data centre costs are slowing IT hiring, Zoho Founder Sridhar VembuZoho Corporation's founder notes IT job growth is slowing significantly. Funds are now diverted to rising artificial intelligence and data ...
- AI set to reshape insurance economics, push industry towards scale, specialisation: ReportArtificial intelligence is set to reshape the economics of the global insurance industry, with carriers, brokers and technology providers t...
- From operational efficiency to intelligent decision-making: AI's new role for COOsChief Operating Officers now leverage artificial intelligence for enhanced operational efficiency. AI solutions analyze vast data, predicti...
- Global Market: European shares hit record high as tech rally, earnings lift sentimentEuropean shares hit a record high on Friday as a rally in technology stocks, easing crude oil prices and upbeat corporate earnings lifted i...
- AI helps insurers cut onboarding costs, speed up claims processing: McKinseyArtificial intelligence is transforming the insurance industry by enhancing sales efficiency and minimizing customer onboarding expenses. T...
- Sarvam AI plans trillion-parameter model, sets sights on competing with ChatGPT, Gemini and ClaudeSarvam AI plans a trillion-parameter model to rival global AI leaders. The company's existing voice AI is cost-effective and performs well....
- Global Market: Chinese tech stocks surge as AI optimism returns, policy support lifts marketsChinese technology stocks rallied sharply on Friday, mirroring global markets. Investors regained confidence as the artificial intelligence...
- Trump administration explains how every highlighted African country was mislabeled on State Department map at global AIDS conferenceThe US State Department apologized for an inaccurate map shown at an international conference. Six African nations were incorrectly placed ...
- Quess Corp bets on professional, overseas staffing to drive future growthQuess Corp anticipates professional and overseas staffing to drive future growth. Higher-margin businesses will account for sixty percent o...
- Amazon to boost spending on AI and other technology by $20 billion after strong Q2 resultsThe Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster tha...
- Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...
- AI to strengthen enterprise software firms, not replace them: Goldman SachsEnterprise software firms will likely grow stronger in the AI era. AI adoption increases the value of enterprise data systems and contextua...
- NextEra, Brookfield plan $100 billion Kentucky data center campusNextEra, the largest US utility, would deliver 2 gigawatts of natural gas-fired power and 2.6 GW of battery storage capacity to support the...
- Global Market: Warning signals flash red as oil, AI concerns and debt risks rattle investorsSeveral key market warning indicators are approaching crisis levels now. Elevated oil prices and geopolitical uncertainty fuel inflation co...
- Global Market | AI boom, market correction risks emerge as major credit threats: FitchRatings agency Fitch highlights AI boom and market correction as major global credit risks. Unprecedented AI spending and soaring valuation...
- US agency says power for data centers can sidestep pollution lawsThe U.S. Environmental Protection Agency (EPA) has said power plants built exclusively to supply electricity to data centers, and not conne...
- Global Market Today: Asian stocks fall on AI jitters, oil extends dropAsian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent s...
- Global Market: Singapore Central Bank surprises markets with policy tightening amid inflation risksSingapore's central bank unexpectedly tightened monetary policy on Monday. Persistent inflation risks from elevated energy costs prompted t...
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