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No form of technology should be "artificially paused" and the need is to stay vigilant and think ahead on how to work with AI, so that innovation isn't stifled while the right governance and usage are built around it, IBM India and South Asia Managing Director Sandip Patel said on Tuesday. In an interview to PTI, Patel said IBM India has always been a critical part of global operations, not only because the company continues to participate in the growth market here, but also because it is a "hotbed of innovation". Innovations from India can be scaled and applied anywhere in the world, he said, pointing to Indian innovations such as UPI. Citing a specific IBM innovation, Patel said the company was "very privileged" to be a part of the creation of YONO, the digital platform run by SBI. He called it a fairly unique proposition that has emerged from India and can be applied around the world. As AI scales, IBM expects to keep participating in the growth story with India as a strong base
Homegrown technology firm Zoho Corporation has paused its annual pay hikes and pruned its marketing expenditure, citing sharply escalating Artificial Intelligence (AI) infrastructure costs and an uncertain outlook for the software sector, founder Sridhar Vembu said on Tuesday. In a post on social media platform X, Vembu described the global employment landscape for the software sector as "grim" and said that the company has kept its headcount flat for the past 18 months while making efforts to avoid mass layoffs. "The business outlook for software is uncertain, and AI has raised costs dramatically with a) A massive 4-fold increase in server prices which we need for data centres and b) AI usage increasing rapidly, leading to much higher expenses, which we are trying to control," Vembu said. He added that a "challenging geopolitical backdrop" has further compounded these operational pressures. Outlining the internal measures taken to navigate the headwinds, Vembu stated that the comp