Artificial Intelligence News

Economic Survey moots 'AI Economic Council' to align tech adoption with jobs, skills

The survey has flagged the risk of unchecked automation in a country with a large and diverse workforce, arguing that AI deployment must be carefully seen through to avoid destabilising labour markets

2026 will be the year AI 'dramatically' changes the way Meta works, says Mark Zuckerberg

AI agents are "really beginning to work," unlocking the ability to build completely new products and transform how the company works, said Meta CEO Mark Zuckerberg.

Meta signals massive 2026 AI spending surge, plans up to $135 billion outlay

Meta CEO Mark Zuckerberg said that 2026 will be a big year for delivering personal super intelligence, building infrastructure for the future, and shaping how the company will work going forward

Without mass, public benefit ‘race to the top’, AI risks backlash over misuse, job losses: Nandan Nilekani

The Aadhaar architect argued that the focus should be on building AI use cases that benefit millions of people, particularly in areas that improve livelihoods and strengthen public services

India can become world's intelligence capital, Bengaluru an easy recall: Nvidia’s Dhupar

Intelligence is created when applications are embedded into real workflows and operate at scale rather than through models or tokens in isolation, Nvidia's managing director for South Asia Vishal Dhupar has said

MC-Deloitte CXO Survey: CXOs divided on AI, majority expect major disruption

The survey shows that 53.2% of respondents expect significant disruption from AI in terms of ROI, use case adoption, and skills, while 46.8% anticipate moderate disruption.

UST bags Rs 500 crore-plus digital transformation deal from Muthoot FinCorp, group firms

UST has been working with the Muthoot Pappachan Group since 2020, supporting its digital transformation across infrastructure, cloud, and security domains.

Next GCC wave in Tier-2 cities needs payroll incentives, Grade-A infra, cluster strategy

The industry has also flagged transfer pricing as a persistent challenge for GCCs as they move into higher-value and IP-linked work.

AI will ‘test who we are as a species’, says Anthropic’s Dario Amodei as he warns of civilisational risks

In a 38-page essay, Anthropic chief Dario Amodei writes about the massive risks posed by powerful AI systems and says humanity 'needs to wake up' to them.

ServiceNow says 45% of its global product engineering is now done from India

The company plans to expand its team in Hyderabad this year, focusing on roles such as software engineers with AI skills, machine learning specialists and research scientists

Mphasis CEO Nitin Rakesh warns against ‘race to the bottom’ pricing in AI era

Rakesh said customers are no longer satisfied with vendors merely optimising the cost of people. Instead, they are pushing for vendors to reduce the effort required to deliver outcomes, especially in “run” operations.

Budget 2026: IT/BPM wants clarity on labour codes, bigger push on AI, skilling

The industry’s message to the government ahead of Budget 2026 is clear: fix what slows companies down, and back what helps them scale.

How ixigo's decade-old AI bet paid off during Indigo crisis

The IndiGo crisis that led to 4,500 flight cancellations saw a flood of customer queries. The travel platform's AI tools handled 90% of the calls

Davos 2026: ‘India is a phenomenal market’, SAP’s Thomas Saueressig plans more campuses in the country

Amid the ongoing uncertainties surrounding US trade tariffs and the geopolitical tensions, business leaders will have to continue cutting through the hype of AI and seek real value that “needs to manifest in the P&L”, said Saueressig.

Davos 2026: Accenture to set up Bengaluru lab focused on physical AI, robotics security

Accenture’s cybersecurity business is worth about $10 billion, with around 30,000 security professionals worldwide. Of these, 13,000 are based in India

Davos 2026: Infosys to hire 20,000 graduates in FY27 as CEO Parekh flags AI-led growth opportunities

The Infosys CEO said AI is creating new service demand across software development, customer service, and modernisation of legacy applications, driven by increasing adoption of AI agents.

Karnataka govt clears AI Centre of Excellence in partnership with NASSCOM

AI Centre of Excellence will come up at KEONICS’ HSR Layout facility in Bengaluru, with a total outlay of Rs 20 crore over four years, aimed at accelerating AI adoption and Industry 4.0 innovation.

Tredence opens new AI centre in eastern India, plans to scale workforce to 1,000 by 2027

The company said its overall workforce is about 4,200 employees globally.

Davos 2026: All major global technology players want to have a big presence in India, says Ashwini Vaishnaw

From AI investments to semiconductor momentum and the idea of an India-hosted Davos, Union IT minister Ashwini Vaishnaw lays out how global boardrooms are reading India right now.

Davos 2026: ‘Autumn Davos’ in India likely in 2027, says Ashwini Vaishnaw

Minister says talks with World Economic Forum were underway

Davos 2026: India needs to do more on AI models, 6 to be showcased at Impact Summit, says Ashwini Vaishnaw

India’s next AI breakthrough likely to come from maths or engineering, says Minister for Electronics and Information Technology Ashwini Vaishnaw

Davos 2026: Up to $100 billion investments may be announced at India AI Impact Summit, says Ashwini Vaishnaw

Minister says tech ecosystem showing strong interest across AI, chips, infrastructure and energy

WEF 2026: BPO is Cognizant’s fastest-growing business, says CEO Ravi Kumar

Cognizant CFO Jatin Dalal also weighed in on the intertwining of the operations and tech shift, saying it is forcing companies to rethink how services are priced in the AI era

AI to fast-track unclaimed share refunds; small claims to be processed in 7 days

The total number of unclaimed shares lying with the Investor Education and Protection Fund Authority is around 1 billion, valued about Rs 1 lakh crore

Pocket FM ropes in former Meta scientist Vasu Sharma to spearhead its AI efforts

Former Meta AI scientist Vasu Sharma said he will focus on advancing the Pocket LLMs and bolstering Pocket FM's creative assistant, AI CoPilot, for writers everywhere.

Davos 2026: Europe invests significantly less in AI than others, needs to step up, says McKinsey’s Kim Baroudy

Baroudy highlighted that despite being stringent with its regulations and frameworks, Europe’s regulated industries have been much more ambitious on AI and technology as compared to other countries.

Davos 2026: Wipro doing the right things under CEO Srinivas Pallia, says Premji

Premji said AI will create wider opportunities for technology services firms, from advisory work to implementation and delivery at scale.

Davos 2026: Indian IT is not lagging in AI, says Wipro chairman Rishad Premji

Talking about job and revenue deflation concerns stemming from AI, Premji tells Moneycontrol that the transition does not necessarily mean less revenue or fewer people, 'it just means a redistribution of what you’re doing'

Private equity piles into AI-led digital engineering, pushing average tech M&A deals past $200 million: Avendus

Global digital engineering services are set to grow at a 22% CAGR and expected to cross $550 billion by 2030 with the AI layer alone adding around $275 billion, says Avendus report

Mistral AI in talks to set up Bengaluru GCC, eyes phased engineering-to-research expansion

Mistral’s rivals are also moving into India. Anthropic plans to open a Bengaluru office in early 2026, while OpenAI has said it will set up its first India office in New Delhi.

Davos 2026: Indian govt taking a responsible, thoughtful approach to AI innovation, says Meta's Joel Kaplan

Meta's global policy chief Joel Kaplan told Moneycontrol that application layer is the right place for India to make the investment since the scale of investment to build foundation models is quite significant.

Davos 2026: India 'hugely important' for Meta's wearable and AI device strategy, says CTO Andrew Bosworth

Meta CTO Andrew Bosworth told Moneycontrol at Davos 2026 that the social media giant is eager to bring its wearables to India, since the demand has been huge.

Karnataka’s AI-based attendance system now tracks 1.3 lakh government employees

Kartavya, state’s in-house AI-driven attendance platform developed by Centre for e-Governance, is being rolled out across departments to replace biometric devices

Karnataka to set up AI Centre of Excellence for public sector innovation in Bengaluru

Karnataka’s Centre for e-Governance has identified a fully furnished 20,000 sq ft facility in Bengaluru, with CoE operating under IndiaAI Mission’s 40:40:20 funding model.

Davos 2026: India is our second-largest enterprise market as RoI drives adoption, says ElevenLabs

ElevenLabs’ India play initially accelerated through content creation and dubbing across multiple languages, but Reina said the next wave of growth is increasingly coming from “Agentic” deployments.

Voice AI startup Bolna raises $6.3 million in seed round led by General Catalyst

Since its first commercial deployment in May 2025, Bolna has scaled from handling about 1,500 calls a day to over 200,000 daily calls, marking a growth of more than 13,000 percent.

OPINION | The Great Compute Crunch: Why India’s AI destiny depends on backend infrastructure 

The strategic pivot must be toward the "infrastructure layer"; comprising sovereign cloud architectures, orbital computing arrays, and domain-specific edge silicon. These backend companies are what will thrive immensely

AWS, OpenAI likely to come in as anchor tenants for TCS' Navi Mumbai data centre; TCS scouts sites in other states

Discussions with potential clients are at an early stage and no binding agreements have been signed. The focus is on hyperscalers and AI-led firms looking for large-scale, high-density computing infrastructure

LTIMindtree to close FY26 with 8,000 freshers onboard; CEO Venu Lambu says ‘future of IT hiring is skill-based’

LTIMindtree plans to run a structured programme to attract talent from premium colleges while also paying them higher than regular freshers, the CEO told Moneycontrol in an interview

Davos 2026: India should focus on applied AI, there are enough foundation model providers, says Google DeepMind CEO Demis Hassabis

"Indians love AI and they love using it. I think it's going to be a great technology for India economically" Google DeepMind CEO Demis Hassabis told Moneycontrol at Davos 2026

Davos 2026: Publicis Sapient's Nigel Vaz says enterprises see more value in AI

Clients, he noted, are no longer spending on AI because it sounds futuristic. Every discussion now centres on value.

Emergent raises $70 million from Khosla Ventures and SoftBank at $300-million valuation as AI funding stays hot

Emergent will use the funds to launch new products, strengthen offerings to smartphone users, kickoff enterprise relationships (B2B sales), hire more employees and set up an office in Europe, Mukund Jha, co-founder and CEO, told Moneycontrol.

OPINION | What AI changes for mobile developers - and what it doesn't

AI changes the tools, cost structures and even what users expect. What it doesn't change: the hard work of figuring out what's worth building, for whom, and why they'll care. That's still the game

Davos 2026: Long-time India fan Siemens sees huge AI data centre opportunity, says Cedric Neike

Neike said companies like Siemens are benefiting from the data centre boom because next-generation facilities look more like industrial systems than conventional server rooms.

Davos 2026: AI is continuously improving despite perception that excitement has faded, says Andrew Ng

In an interview to Moneycontrol at Davos 2026, Andrew Ng speaks about why open source should be key to India's AI strategy, why fears of mass AI-driven job losses are overstated, Google's comeback and the 'white-hot' AI race

Davos 2026: Clients have learnt to operate amid geopolitical uncertainty; it’s the new normal: HCLTech’s C Vijayakumar

“If you don't re-imagine the business, I don't think IT will be the big engine of jobs in India," Vijayakumar told Moneycontrol at World Economic Forum in Davos.

Davos 2026: “Only a fool would overlook India,” says Cerebras CEO Andrew Feldman on AI partnerships

Feldman says India’s talent, infrastructure push and partnership ecosystem make it impossible for global AI companies to ignore the country.

Davos 2026: US becoming less immigrant-friendly is a 'huge unforced error', says Andrew Ng

The United States has steadily tightened its visa regime since President Donald Trump returned to power in 2024.

Davos 2026: Cyber-enabled fraud is India’s most urgent digital risk, says WEF’s Akshay Joshi

Joshi said cyber fraud now affects individuals and enterprises alike

Davos 2026: Are we in an AI bubble? Andrew Ng says it depends on where you look

In an interview to Moneycontrol, Andrew Ng says he remains cautiously optimistic and generally bullish about the sector and most of the leading players in the field