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Detailed stories on technology startups, business and economic current affairs.
A $234 million raise is chump change in the global AI arms race. Can Sarvam still compete?

A $234 million raise is chump change in the global AI arms race. Can Sarvam still compete?

TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
CargoX gets a $250 million cheque from a prominent investment firm; the Gulf is shining in the upcoming American tech IPOs; and Abu Dhabi has hit pause on rental increases.
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
CargoX gets a $250 million cheque from a prominent investment firm; the Gulf is shining in the upcoming American tech IPOs; and Abu Dhabi has hit pause on rental increases.