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Companies expected to increase Gen AI investments by half this year
Livemint
·
7m ago
Medial
Companies are set to increase investment in generative AI (GenAI) technologies by 50% by 2025, as per a report. While some believe GenAI will drive productivity and cost savings in IT services, others view it as a risk factor. Despite varied opinions on its impact, firms like Accenture have already seen significant revenue from GenAI-related work. Indian IT companies acknowledge GenAI's influence but have not yet quantified its business potential.
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50% of government, public services organisations are poised to implement first gen AI solution in one year: EY
Thehindubusinessline
·
1y ago
Medial
According to a survey by EY, almost half of the government and public service organisations (GPS) in India plan to implement their first generative artificial intelligence (Gen AI) solution within the next year. Gen AI solutions are expected to have a significant impact on various government functions, such as data-driven decision making and citizen engagement. The survey also found that 61% of GPS organisations believe Gen AI will enhance citizen experience and 67% believe it will drive innovation. Challenges identified include data privacy, skill gaps, and lack of clear use cases.
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Singapore’s Dragon Fund expects India to become its largest market
Livemint
·
10m ago
Medial
Dragon Fund, backed by Mitsubishi UFJ Financial Group, plans to increase its pace of investments in India and is expected to deploy over half of its $500 million global fund raised in 2023 by the end of this year, according to its chief investment officer. The equity financing arm of Mars Growth Capital focuses on tech-enabled mid-to-late-stage growth and pre-IPO companies, with a particular interest in sectors such as e-commerce, consumer tech, enterprise tech, and health-tech. The fund aims to target companies with strong unit economics and a clear path to profitability.
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PE/VC investments in India drop 19% to $26.4B in Jan-June
YourStory
·
10d ago
Medial
Private equity and venture capital investments in India fell by 19% to $26.4 billion in January-June 2025 compared to the same period the previous year. Despite this decline, investments surpassed the $23.8 billion recorded in the latter half of 2024. The number of transactions also decreased to 593 from 704 year-on-year. Factors affecting investment outlook include earnings growth concerns and US-India FTA discussions, though potential improvements are expected in the year's second half.
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AI could create 78 million more jobs than it eliminates by 2030—report
Arstechnica
·
7m ago
Medial
A World Economic Forum report suggests AI could create 170 million jobs while eliminating 92 million by 2030, resulting in a net gain of 78 million jobs. Although 40% of companies plan workforce reductions due to automation, half intend to hire AI-skilled talent. Certain job roles, like postal service clerks and graphic designers, may decline, but human-machine collaboration is expected to increase. Companies will focus on retraining workers to adapt to AI systems.
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Half of government, public service organisations in India to apply Gen AI solutions in one year: EY survey
Economic Times
·
1y ago
Medial
A survey by EY found that around 50% of Indian government and public service organizations plan to implement their first generative artificial intelligence (Gen AI) solution within a year. This is expected to have a significant impact on various departments and functions, improving decision-making, citizen engagement, and service accessibility. While 67% of organizations believe Gen AI will drive innovation, only 9% anticipate job displacement. However, challenges such as data privacy, skill gaps, and unclear use cases must be addressed. EY suggests developing a regulatory framework to support Gen AI adoption.
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India top choice for digital pursuit; firms to boost investments in AI, big data, cybersecurity: Nasscom
Economic Times
·
1y ago
Medial
India remains a top choice for expanding digital services portfolios, with companies expected to increase spending on AI, data analytics, and cybersecurity, according to a report by industry body Nasscom. The report, based on a survey of 550 enterprises, found that 71% of Indian companies spent over 20% of their tech budget on digital in 2023. Furthermore, nearly 90% of companies plan to increase investments in key digital technology areas in 2024. The report highlights a shift towards cybersecurity, driven by the adoption of generative AI technology. India also continues to be a preferred outsourcing destination for various sectors.
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Nvidia will dominate Big Tech’s earnings season again
Livemint
·
9m ago
Medial
Tech giants like Microsoft, Amazon, Google, Facebook, and Apple are significantly increasing their capital spending to support their AI initiatives. In the first half of this year, they collectively spent $106.2 billion, up 49% from the same period last year. Wall Street predicts their capital spending will exceed $60 billion in the September quarter, resulting in a total spend of approximately $231 billion for the year. However, the extent to which these investments will generate returns is yet to be determined, with limited disclosure from most companies on the revenue impact of their generative AI services. Additionally, issues such as regulation, competition, and potential market slowdowns could affect the success of these investments.
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Hiring in IT sector to witness 15-20% growth in job opportunities: report
Economic Times
·
8m ago
Medial
The IT sector is set to experience a 15-20% growth in job opportunities across various industries in 2025, according to talent solutions company NLB Services. The industry has regained momentum in the second half of 2024 and is expected to see a positive outlook in the coming year. Fresher hiring in the Indian IT sector is predicted to increase significantly, while there will also be a surge in demand for specialized tech roles such as AI, ML, data analytics, and cloud technologies. Companies are investing in tech upskilling to meet the evolving technological landscape. Campus hiring remains a priority for larger companies.
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Accenture’s Gen AI bets pay off with $3 bn in bookings | Mint
Livemint
·
10m ago
Medial
Accenture, the world's largest software services company, has recorded $1 billion in generative AI (Gen AI) bookings in the quarter ended August. This brings the total order in the Gen AI segment to $3 billion for the full year. Despite a sequential revenue decline, the interest in this new technology is rising. Gen AI projects accounted for 4% of Accenture's total order bookings for the year. However, analysts note that widespread real-time adoption of Gen AI technology is still a challenge. Accenture remains cautious about the outlook due to ongoing economic headwinds.
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Local MFs hold stocks worth over $8 billion in new-age companies
Economic Times
·
9m ago
Medial
Domestic mutual funds in India have increased their investments in new-age companies, such as Zomato, Paytm, Nykaa, and Delhivery, with the total value of stocks now reaching over $8 billion. This is a significant rise from $2.7 billion a year ago. The increase in exposure is due to the rising valuations of these companies, several of which have recently gone public. Mutual funds are becoming an important investor class during pre-IPO rounds and are expected to further increase their holdings as venture capital investors sell their stakes.
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