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Bengaluru Named Top 12 Global Tech Hub with AI Workforce Rivaling US Cities; Frinks AI Raises $5.4 Million | DeepNewz India

Business Bytes

Business Bytes · 3m ago

Bengaluru Named Top 12 Global Tech Hub with AI Workforce Rivaling US Cities; Frinks AI Raises $5.4 Million | DeepNewz India

Bengaluru has been recognized as one of the top 12 global tech hubs, with its AI workforce on par with major US cities like San Francisco and New York. This highlights the city's growing prominence in the technology sector, particularly in artificial intelligence.

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Tier I cities dominate in blue-collar gig job opportunities: Report

Gig economy opportunities in India are concentrated in tier-one cities, accounting for 67.1% of short-term blue-collar jobs from June 2023 to June 2024. These cities attracted 63.11% of job applications, while tier-two cities saw 26% of openings and 25% of applications. Tier-three cities had a lower proportion of job openings (6.7%) compared to applications (11%). Delhi emerged as the top hub for gig workers, followed by Mumbai, Bengaluru, and Pune. Back-office roles dominated the gig economy job market, with delivery executives and cooks also in demand. The rise in online marketing roles reflects the growing demand for digital skills in the gig workforce.

Technology workforce in Bengaluru crosses 1mn mark; IT city among 12 global tech hubs: CBRE

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YourStory · 3m ago

Technology workforce in Bengaluru crosses 1mn mark; IT city among 12 global tech hubs: CBRE

Bengaluru has emerged as a top global tech powerhouse, with its tech workforce surpassing one million, according to CBRE's 'Global Tech Talent Guidebook 2025'. Recognized alongside cities like San Francisco and Tokyo, Bengaluru is key to the global tech landscape. The city leads in AI talent within India and shows robust growth in tech employment and venture capital inflows. Supported by strong educational institutions and startup ecosystem, Bengaluru continues to drive India’s tech market.

Frinks AI raises $5.4 Mn in pre-Series A round

Entrackr

Entrackr · 3m ago

Frinks AI raises $5.4 Mn in pre-Series A round

Frinks AI, a deep-tech startup focused on visual inspection and quality control in manufacturing, has raised $5.4 million in its pre-Series A funding round led by Prime Venture Partners. Existing investor Chiratae Ventures, along with Navam Capital and Zen Technologies founder Ashok Atluri, also participated. With this round, the total funding raised by the startup stands at $6.25 million. Founded by Aditya Agrawal, Dharmgya Sharma, and Subhra S. Bhattacherjee, Frinks AI builds foundational Vision AI models tailored for industrial use cases. These models enable manufacturers to automate quality checks and reduce defects. The platform is currently deployed across 1,000 production lines in sectors such as automotive, consumer goods, building materials, and medical devices. The proceeds will be used to expand in international markets, with a focus on the U.S., and strengthen R&D efforts. It is also exploring partnerships with automation companies and OEMs to scale its joint go-to-market strategy.

AI startups are making New York their home. Can they make it an AI powerhouse?

Livemint

Livemint · 1y ago

AI startups are making New York their home. Can they make it an AI powerhouse?

New York City is becoming a major hub for generative artificial intelligence (AI), attracting significant investment and talent. Generative AI companies in the city have raised $2.7 billion since the start of 2021, rivaling San Francisco in terms of innovation and funding. Industries such as finance, healthcare, and law in New York have been quick to adopt generative AI due to their access to vast amounts of data, boosting worker productivity. The city's growing AI ecosystem is attracting both startups and established tech companies, solidifying its position as a leading AI hub.

India to have more than 2,100 global capability centres by March 2028: Report - The Economic Times

Economic Times

Economic Times · 1m ago

India to have more than 2,100 global capability centres by March 2028: Report - The Economic Times

India's global capability centre (GCC) landscape is set to grow significantly, with over 2,100 centres expected by FY28 at an 8% CAGR. Currently, Bengaluru holds the most GCCs, while tier-II cities are gaining importance. The IT-ITeS sector dominates, with banking, financial services, and insurance following. India is an attractive hub due to its skilled workforce and competitive costs, supported by government initiatives to expand GCCs in emerging markets.

San Francisco-based AI firm Glean Technologies expands to India

YourStory

YourStory · 1y ago

San Francisco-based AI firm Glean Technologies expands to India

Enterprise AI platform Glean Technologies has opened its first office in Bengaluru, India. The 26,000 square-foot office will serve as the company's central hub for operations in the country and globally. Glean Technologies provides enterprise search and knowledge management solutions, connecting companies' applications and databases to enable efficient data access and management. The company has raised $350 million in funding and plans to expand its workforce from 150 to over 450 by next year. Glean Technologies aims to position itself as a top employer for IITs in India. It has developed conversational AI assistants and personalised summarisation capabilities.

Bengaluru techies are not even earning one-tenth of Silicon Valley salaries, AI may worsen the gap further

Economic Times

Economic Times · 2m ago

Bengaluru techies are not even earning one-tenth of Silicon Valley salaries, AI may worsen the gap further

Bengaluru, India’s tech capital, offers highly cost-effective software talent, with average salaries at $12,000 annually, about one-tenth of Silicon Valley's $125,000. Despite lower pay compared to other global cities, Bengaluru remains attractive to global tech firms due to its skilled workforce and competitive costs. However, the global tech job market's shift towards AI-driven automation and cost pressures post-pandemic is affecting job structures, with companies like Amazon and Microsoft initiating workforce reductions.

Explainer-What is DeepSeek and why is it disrupting the AI sector?

Economic Times

Economic Times · 7m ago

Explainer-What is DeepSeek and why is it disrupting the AI sector?

Chinese startup DeepSeek has launched AI models reportedly rivaling top U.S. counterparts at lower costs, challenging the tech industry's status quo. Using less than $6 million in computing power, DeepSeek's AI models are gaining global attention and outperforming OpenAI's ChatGPT on Apple's App Store. Despite skepticism regarding chip use and training costs, DeepSeek's advancements are significant, highlighting China's AI progress and aligning with Beijing's strategic self-sufficiency goals.

Salesforce India profit jumps 40% to Rs 888 Cr, revenue crosses $1B

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YourStory · 9m ago

Salesforce India profit jumps 40% to Rs 888 Cr, revenue crosses $1B

Salesforce's Indian unit reported a 40% increase in net profit to Rs 888.3 crore for FY24, with revenue growing by 36% to Rs 9,116 crore. The company also announced plans to lease a 12-storey building in Bengaluru, making it the 10th city globally to have a 'Salesforce Tower'. The company's workforce in India has increased by 3,000 since January 2024 to reach 13,000 in November. Salesforce sees India as an opportunity for market growth, talent hub development, and addressing digital transformation demands. It aims to achieve 8-9% growth in global revenue to $38 billion in FY25.

AI startup Sparkcognition rebrands as Avathon, to triple India headcount in two years

Economic Times

Economic Times · 9m ago

AI startup Sparkcognition rebrands as Avathon, to triple India headcount in two years

San Francisco-based AI startup Sparkcognition, backed by Temasek Holdings and other investors, plans to expand its workforce in India to 400 employees within two years, says CEO Pervinder Johar. Sparkcognition, now rebranded as Avathon, provides safety monitoring for infrastructure assets and aims to make India its hub for product engineering, delivery, support, and R&D. The company intends to convert its facility in Bengaluru into an AI center of excellence and currently has 140 employees in the city. Avathon last raised $123m in a Series D round and achieved a valuation of $1.4bn.

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