Page 5 - Artifical Intelligence

India among top 5 growth markets, key to global strategy: Red Hat

India has emerged as one of the top five growth markets globally for open-source solutions provider Red Hat and its parent company IBM, driven by the country's deep-rooted embrace of open-source architecture and a burgeoning talent pool, a top company executive said. India is currently at the centre of the company's global strategy, both as a critical market and a hub for engineering excellence, Navtej Singh Bal, Vice President and General Manager, India and South Asia, Red Hat, noted. "India, what started as a business from scratch, has actually scaled up nicely to be one of our fastest-growing businesses globally, and this is primarily because India has actually embraced open-source software at its core. "I would say India would be, both for Red Hat and IBM, one of the top five growth markets globally," Bal said. Addressing concerns regarding AI-induced job losses in the IT sector, Bal stated that while the technology will unlock efficiency gains of 2-5 per cent year-on-year, ...

China's memory chip makers ride AI boom to new power and US scrutiny

Executives at the Huawei-connected equipment vendor, SiCarrier, concluded the confrontation was the result of the power struggle between CXMT and Huawei

IT firms Q1 growth not enough to offset AI's impact on traditional biz

Top IT firms reported muted growth as macroeconomic uncertainty, weak discretionary spending and AI-led disruption continued to weigh on traditional revenue streams

Fractal Analytics profit almost doubles to ₹74.2 crore in April-June

Artificial intelligence firm Fractal Analytics on Friday said its consolidated profit surged by nearly twofold to Rs 74.2 crore in the first quarter of the current fiscal. A year ago, the company had posted a profit of Rs 37.5 crore attributable to owners of the parent firm. The consolidated revenue of Fractal Analytics grew by about 20 per cent to Rs 912.5 crore during the reported quarter from Rs 760.5 crore in the June 2025 quarter, according to a regulatory filing. "Enterprises are putting real transformation budgets behind AI now, and we're seeing it directly in the size of the deals coming to us. TMT was the drag on our headline growth this quarter. Excluding TMT, our business grew 35 per cent year on year, which is a better read on the underlying demand we're seeing," Fractal Analytics Group CEO and Executive Vice-Chairman Srikanth Velamakanni said. He said higher capex spending by TMT players in the US and Asia Pacific led to lower growth in the segment, but there are signs

HCLTech announces first AI data centre in partnership with Sarvam in Odisha

HCLTech said the planned capital outlay for the project will be around ₹14,257 crore, including financial assistance from the Odisha government.

HCL Tech rallies 24% from July low; hits 3-month high on huge volume

HCL Tech expects demand to remain resilient as the industry transitions from AI disrupted to AI-native services, driven by ongoing modernization imperatives and AI-led transformation.

Jeff Bezos pushes Prime Video redesign focused on artificial intelligence

The Prime Video initiative grew out of an internal presentation the streaming service's executives made to Bezos last autumn that turned contentious

Inflation, AI-led job uncertainty weigh on some consumers: United Spirits

The liquor maker said premium demand remains healthy despite inflationary pressures and AI-driven employment uncertainty affecting sentiment in some consumer segments

How AI agent marketplaces could become the app stores of a new agentic era

OpenAI, Anthropic, Google and Microsoft are building directories for AI agents and connected tools, setting up a new battle over software discovery, payments and platform control

85% of Indian finance leaders under pressure to prove ROI on AI: Report

The survey also found that 76 per cent of finance teams lack dedicated in-house expertise to understand how AI agents work.

Why Moonshot AI's launch has put Chinese startups in US crosshairs

The US concerns come as Chinese AI artificial intelligence (AI) companies rapidly expand their presence in the global market

Govt to support 20 indigenous sovereign AI models under IndiaAI Mission

Govt has identified 20 indigenous sovereign AI models for support under the IndiaAI Mission, spanning LLMs, speech, video and domain-specific applications, while expanding AI infra and skilling

Payments firms build AI commerce rails, but ecom platforms stay guarded

Payments companies are building rails for autonomous AI-led shopping, but ecommerce platforms remain wary of losing control over discovery, recommendations and margins

How AI data centre spending is creating hidden debt for tech giants

AI spending by Alphabet, Microsoft, Amazon, Meta and Oracle is driving a surge in hidden debt, with off-balance-sheet commitments reaching $1.65 trillion

Samsung debuts AI-powered health assistant, joining packed market

Samsung Health Assistant pulls in data from the user's Galaxy smartphone, smartwatch or smart ring. Samsung also announced a series of other features coming to its health platform

Anant Raj to demerge data centre, cloud biz into separately listed entity

The real estate developer will carve out its data centre and cloud services business into Ashok Cloud Pvt Ltd to sharpen strategic focus and unlock long-term shareholder value

Crime gangs snare more than $88 billion in scams in Asia-Pacific, UN says

The report estimated scam losses across East Asia, Southeast Asia, Australia ​and New Zealand between $88.3 billion and $114.1 billion for 2025

India's installed data centre capacity to rise 4-fold by 2030: Report

As of January 2026, India had 271 data centres, with Mumbai, Hyderabad, Delhi NCR, Bengaluru, and Chennai together accounting for nearly 65 per cent of the country's facilities.

Vibe coding explained: What AI-made apps mean for developers and app stores

AI coding assistants are making it possible to build apps using natural language prompts instead of writing code, lowering barriers to software development while creating new challenges for app stores

Indian clinicians trust AI more than global peers, but use it less at work

A report by Elsevier found that Indian clinicians face relatively lower workplace pressures than their global peers, as nearly 79 per cent said they had sufficient time to provide good patient care