Artificial Intelligence: Latest News on AI, AI Tech Company news and more

TCS urging staff to use AI despite risk to revenue, says CEO Krithivasan

The comments come as investor concerns about AI disrupting the Indian IT sector's traditional, labour-heavy operating model have wiped off about $68.6 billion market value in February

Popcorn goes smart: PVR INOX bets on AI for F&B upsell, more turnout at snack counters

In addition to driving in-cinema F&B sales via AI, the multipex chain is also focusing on outdoor events like the IPL and music concerts to grow F&B revenue.

Large enterprises are doubling down on tech spend, about 20% of budget earmarked for AI: McKinsey’s Noshir Kaka

Customers are coming for vendor consolidation and while bundling their work and spend, they are also expecting 20-40% productivity gains, Kaka tells Moneycontrol

The AI doomers aren’t done yet

Plus AMD and Meta

TCS CEO pushes for AI-first solutions, even at the risk of cannibalising revenue

TCS is not just encouraging but insisting that all employees become 'AI-fuelled', says K Krithivasan

AI not plug-and-play, enterprises need open-heart surgery, says Infosys’ Satish HC

Execution challenges, legacy tech stacks and data readiness — not model capability — are the biggest barriers to scaling AI in enterprises, Infosys chief delivery officer tells Moneycontrol

AI spurs biggest foreign buying of Taiwan stocks in 20 years

Overseas investors bought a net $2.77 billion of Taiwan equities on Tuesday, the most since December 2005, according to data compiled by Bloomberg.

US software stocks climb as Anthropic announcement sparks relief rally

The S&P 500 software & services index also rose 1.4% and the iShares Expanded Tech-Software Sector ETF jumped 2.4%

S&P 500 rebounds as Anthropic’s update tempers AI concerns

The S&P 500 Index was up 0.6% at 11:04 a.m. in New York, with seven of 11 sectors in the green, led by consumer discretionary and information-technology stocks

AI shouldn’t be seen as replacement, it must be leveraged for enhancement: Maharashtra CM

The amount of research that Maharashtra requires is not being done, Fadnavis said, praising the Modi government’s robust funding to incentivise research work at a national level.

India's IT industry to hit $315 billion in FY26 as AI revenues reach $10-12 billion: Nasscom

The projection implies a 6.1% growth rate for FY26, a marginal improvement over the estimated 5.9% expansion in FY25.

AMD clinches second mega chip supply deal worth $60 billion, this time with Meta

AMD shares rose more than 10% in premarket trading after closing at $196.60 in the previous session

'AI tsunami is coming': Anthropic CEO Dario Amodei says society not realising 'what's about to happen'

Amodei said that the economic and geopolitical implications of AI are going to be enormous.

Market's reaction to IT industry is overblown: HCLTech’s C Vijayakumar

IT industry is undergoing a “painful” AI transition but it will emerge more relevant as the current inflection will make the sector significantly “reinvent” itself, Vijayakumar said.

IT, Tech sector adds just 2,000 net jobs in FY26 as hiring growth plateaus: Nasscom

The total technology workforce expanded to 59.5 lakh employees, up from 58.2 lakh last year, with the industry continuing to remain a net employment generator.

India emerging as ‘perfect digital platform’ for AI, says Ericsson CTO Erik Ekudden

Beyond cost optimisation, AI will also help telecom operators unlock new revenue opportunities through autonomous and differentiated services, Ekudden tells Moneycontol

AI slashes modernisation costs 10x but expands tech opportunity, says Nasscom's Velamakanni

Nasscom vice chairperson Srikanth Velamakanni said modernising an estimated 800 billion lines of legacy code at about $2 a line could translate into a $1.6 trillion opportunity enabled by AI

Anthropic kicks off share sale for staffers of up to $6 billion

The company has lined up $5 billion to $6 billion for the share sale, but the final amount will depend on how many eligible Anthropic employees opt to sell

Bengaluru to get France’s Station F-like AI Superpark; NVIDIA, Bharat1 to house over 25,000 researchers

Planned as India’s largest dedicated AI innovation campus, the project outlays nearly 4 million square feet of commercial research and development space spanning AI labs, startups, applied research centres, and product companies.

OpenAI deepens partnerships with consulting giants to push enterprise AI beyond pilot

The company said on Monday it had launched the so-called “Frontier Alliance,” a program built around its new Frontier platform and anchored by BCG, McKinsey, Accenture and Capgemini

Wipro executive says AI is an opportunity, not a threat

The $283 billion sector has been hit by a sharp market selloff amid investor fears that AI tools could upend its traditional, labour-intensive operating model

From India as an AI powerhouse to Superintelligence: Here's what Sundar Pichai, Sam Altman, Dario Amodei have to say

At the India AI Impact Summit, a common, unifying message emerged from the world's top AI leaders: the necessity of global cooperation and India's pivotal role in democratising AI for the world

Anu Bradford on AI Sovereignty, EU AI Act & India’s Regulatory Crossroads | Political Economy

At the India AI Impact Summit in New Delhi, Swetha Punj speaks with Columbia professor Anu Bradford on the global battle over AI regulation. Bradford breaks down the contrasting models shaping the future of AI — Europe’s rights-driven framework, America’s market-led approach, and China’s state-driven strategy — and what they mean for India.

'A tsunami is coming': Anthropic CEO Dario Amodei joins Nikhil Kamath for an unscripted AI talk on his podcast

Nikhil Kamath announces podcast with Anthropic CEO Dario Amodei, who warns AI’s economic and geopolitical impact will be enormous.

PM Modi says world witnessed India's 'amazing' tech capabilities at AI Impact Summit

PM Modi emphasised that such initiatives showcase both India's technological progress and its rich cultural heritage to the world

India can emerge as key APAC data centre hub, must leverage renewables: Deloitte

While India accounts for nearly 20 percent of global data consumption, it hosts less than 5 per cent of the world's data centres

AI Impact Summit positions India as leading voice of global south: Cuban Minister

Cuba’s Ambassador to India, Juan Carlos Marsan Aguilera, said Havana had returned with a high-level delegation to deepen engagement in sectors central to its development strategy.

'Defining moment': Goyal links Lula visit to India’s FTA push and AI partnership play

India and Brazil seek deeper trade and AI ties as Lula visits Delhi, with Goyal highlighting FTAs, growth ambitions and expanding strategic cooperation.

India AI Impact Summit declaration expected on Feb 21; signatories cross 70: Ashwini Vaishnaw

Vaishnaw said that “all major countries that matter in AI” have signed the declaration as of now.

TCS, Infosys, HCLTech CEOs strike confident note amid AI fears

Their remarks come amid $300 billion global tech stocks correction and concerns that generative AI tools could automate large swathes of coding and enterprise software work.

AI Summit: “Don’t slot India as a Small Language Model country”, says Sarvam cofounder Pratyush Kumar

Addressing earlier criticism, Kumar said skepticism was fair but stemmed from misunderstanding the company’s strategy. “You don’t suddenly start running. You crawl, you walk, and then you run,” he said.

AI could lift global growth by 0.8%, says IMF chief; India’s Viksit Bharat goal achievable

IMF chief Kristalina Georgieva says AI can lift global growth by 0.8% and back India’s Viksit Bharat goal, but warns 40% of jobs face disruption.

'Topless, brainless, shameless': BJP accuses Congress of 'embarrassing India' at global AI Summit

Hitting out at the opposition party for the protest, BJP spokesperson Sambit Patra said, "For the Congress, I have just three words -- topless, brainless and shameless."

Data localisation is a good idea in a limited way, says Jason Oxman

On the AI related opportunities, Oxman said that India being the world’s largest democracy, and having more than 1.4 billion people where innovation is free to flourish – is the most exciting aspects for the technology industry.

Modi meets AI startup CEOs, pushes for India-first data governance and language tech

PM Modi meets AI startup CEOs, stresses data governance, vernacular AI and India-scale innovation; also holds talks with OpenAI and Qualcomm leaders.

AI summit: "Govt's grant an important catalyst for Sarvam, don’t want to mindlessly train large models", says Cofounder Pratyush Kumar

At the Summit, Sarvam unveils Kaze smart glasses, plans to open-source LLM weights and scale foundational AI innovation

The next AI revolution is coming. But it's not AGI and not coming next year: Yann LeCun at AI Summit

"Everybody is stealing each other's engineers, and working on the same thing because nobody can afford to do something slightly different and then run the risk of falling behind," said AI Godfather Yann LeCun.

AI Summit: AI could accelerate global growth; help achieve Viksit Bharat, says IMF MD Kristalina Georgieva

The potential disruption of AI on labour could be “tsunami-like”, said IMF MD, estimating that around 40 percent of jobs could be impacted

Moneycontrol Pro Panorama | Making AI count

For Moneycontrol Pro Panorama Feb 20 edition: India’s AI potential depends on institutional reforms, regulator increases insurance rules, rooftop solar growth faces significant challenges, China and India diversify investments, and more

Over-pivoting on building everything locally puts India at a disadvantaged position: Zscaler’s Jay Chaudhry

He argued for a combination of locally built technology combined with external software stack especially in critical and sophisticated areas like cybersecurity

OPINION | India’s AI moment’s here but realising its full potential requires institutional redesign

AI is not something that can be layered on to the existing way of doing things. Organisations need to rethink entire processes

Is an AI price war about to begin?

Assumptions underpinning valuations of big US groups might be too optimistic

Tech Mahindra launches 8-billion parameter Hindi-first education LLM at AI Impact Summit

Tech Mahindra is the only IT services company that got selected under IndiaAI Mission to build its own LLM. The Pune-headquarter IT firm made advancements to its existing ‘Project Indus’ to build the new foundation model.

AI Summit: India offers world’s cheapest compute at Rs 65/hour, lower than a movie ticket, says Jayant Chaudhary

Strong top-down policy backing and leadership recognition of AI’s potential could help India leapfrog structural challenges, says skill development minister

Provocative but not accurate: Cisco's Jeetu Patel reacts to Vinod Khosla jibe about company

Patel defended Cisco after Vinod Khosla's jibe about company, saying the venture capitalist's remarks are 'provocative, but not accurate'

OpenAI–Anthropic Rivalry: Decoding the Altman–Amodei hand-holding snub

The two now helm the world’s most valuable closely held AI firms: OpenAI, valued at roughly $500 billion, and Anthropic at about $380 billion

Nvidia, OpenAI near $30 billion investment in place of unfinished $100 billion deal: Report

The deal, which would be part of a new funding round for the artificial intelligence start-up, could be finalized as early as this weekend, the report said