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News on Medial
Are clients expecting AI-native consultants now?
Inshorts
·
3m ago
Medial
Clients aren't just curious about AI, they expect it. Today's businesses want partners who understand how GenAI can be embedded into their value chain. It's no longer about advice alone, but the ability to prototype, test, and deploy AI-led solutions. Consultants must show up with more than slides, they need hands-on know-how to guide AI transformation.
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Is AI forcing a cultural reset in consulting?
Inshorts
·
3m ago
Medial
GenAI is transforming more than tools, it's rewriting how consulting teams work and grow. Rigid hierarchies and manual workflows are being replaced with agile, AI-augmented teams. Consultants must now master prompts, models, and interpretation, not just PowerPoint. It's a mindset shift from being output-driven to being AI-literate, strategic, and deeply adaptive.
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ChrysCapital-backed Xoriant seals second bet with MapleLabs
VCCircle
·
1y ago
Medial
California-based software engineering company Xoriant, backed by ChrysCapital, has acquired Bangalore-based technology solutions provider MapleLabs. The financial details of the transaction were not disclosed. Xoriant aims to strengthen its platform engineering capabilities and expand its position in maintaining complex cloud-native applications. The acquisition will also give Xoriant access to MapleLabs' observability platform SnappyFlow and cloud/datacenter sizing tools. MapleLabs' team of over 300 consultants brings expertise in hybrid cloud infrastructure, cloud-native engineering, site reliability engineering, and observability. This acquisition follows Xoriant's previous acquisition of Thoucentric last year.
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IT counts on higher client spend to log faster growth
Economic Times
·
7m ago
Medial
India's software services industry, worth $254 billion, is expecting an increase in budgets in the coming year. The banking and financial sector, the largest industry group for Indian IT, is experiencing a revival and is expected to see continued growth. Technology services industry growth for FY25 is predicted to be around 5-6%, with major IT companies expecting better growth compared to FY24. Despite anticipated challenges, large IT firms are revising their revenue guidance upward and indicating increased spending by clients in select areas. Cybersecurity, business intelligence, and data analytics are expected to see increased spending in 2025.
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AI-native companies are growing fast and doing things differently
Livemint
·
5m ago
Medial
AI-native companies, unlike traditional businesses integrating AI, start with AI at their core, allowing them to innovate and reimagine products without legacy constraints. These startups are influencing sectors like finance and advertising by utilizing AI to streamline processes and enhance decision-making. Examples include Supernatural AI and StackBlitz, which leverage AI for competitive advantages and rapid growth. Traditional companies should monitor AI-native firms for competition, fresh insights, and lessons.
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RegTech startup Zango AI raises $4.8 million from Nexus Venture Partners, others - The Economic Times
Economic Times
·
15d ago
Medial
Regtech startup Zango AI raised $4.8 million in a funding round led by Nexus Venture Partners. The funds will expand teams in Bengaluru and London and develop AI-native compliance tools. Founded in 2024 by Ritesh Singhania and Shashank Agarwal, Zango automates compliance using regulation-specific large language models, aiding clients like Novobanco and Monzo. The startup aims to modernize financial regulation management, integrating AI with human expertise to ensure comprehensive compliance solutions.
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ChrysCapital-owned Xoriant acquires Salesforce consulting firm Fexle
VCCircle
·
10m ago
Medial
ChrysCapital-owned Xoriant has acquired Fexle, a Salesforce consulting firm, as part of its strategy to strengthen its Salesforce practice and expand its presence in AI and cloud services. The financial terms of the deal were not disclosed. Xoriant plans to integrate Fexle's architects, consultants, and developers to enhance its offerings in AI-powered digital engineering, delivering high-performance platforms to clients across industries. This acquisition will also optimize data use and enhance AI capabilities for Xoriant's customers as digital transformation accelerates. Xoriant aims to reach a revenue of $800 million in the next five to seven years.
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Why India’s IT giants are shunning costly consultants
Livemint
·
11m ago
Medial
India's top IT services companies are reducing spending on hiring temporary consultants for software-related work, indicating a prolonged softness in demand and a shift in the traditional outsourcing model. Subcontractor expenses as a percentage of revenue for three of India's top four IT services firms have dropped in the past two years and are at their lowest since December 2019. This decline is primarily attributed to subdued spending by clients and a preference for remote work. However, despite these cost-saving measures, IT services companies are still facing challenges in returning to pre-pandemic levels.
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HCLTech announces alliance with Google Cloud to scale Gemini to global cos
Economic Times
·
1y ago
Medial
HCL Technologies has expanded its alliance with Google Cloud to utilize the latter's large language AI model, Gemini. By familiarizing and training its engineers on Gemini, HCLTech aims to assist clients in innovating and optimizing their businesses with generative AI. The collaboration will initially focus on manufacturing, healthcare, and telecom sectors. HCLTech plans to enhance its AI platform, HCLTech AI Force, with Gemini's capabilities, enabling engineers to generate code, resolve issues, and improve software project delivery. Additionally, Gemini models will be leveraged to develop industry solutions through HCLTech's Cloud Native Labs and AI Labs.
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Adobe expands Firefly AI, support text prompts in Indian languages
Startup News FYI
·
1y ago
Medial
Adobe has expanded its AI tool, Firefly, to support text prompts in Indian languages. The tool allows designers and creative professionals to generate visuals and designs using natural language commands. With this expansion, Indian users can now interact with the AI in their native languages, making it more accessible and user-friendly for the Indian market.
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As China's AI 'war of a hundred models' gains pace, investors warn of a shakeout
Economic Times
·
1y ago
Medial
China's AI industry is experiencing a boom of product announcements amid the growing demand for generative artificial intelligence. However, investors are cautioning about an impending shakeout as cost pressures and profit challenges arise. China now has 130 large language models (LLMs), accounting for 40% of the global total. Players like Tencent, Baidu, Alibaba, and Huawei are promoting their offerings, while investors anticipate consolidation and a price war as companies vie for market share. Only the strongest players are predicted to survive, with analysts expecting a reduction in capacities and intensification of competition in the next months.
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