GENERATIVE AI IMPACT
“Evangelize innovation, don’t just execute it”: The new mandate for GCC leaders
Around the world, Global Capability Centres are no longer just doing the work—they’re shaping it. At the final Bosch Conversations roundtable in Bengaluru, industry leaders discussed how GCCs are evolving into innovation hubs with strategic ownership, deeper business alignment, and a growing role in global transformation. Here are the highlights
“It’s no longer a cost thing”: GCCs shift from support units to strategic value creators
The final round of Bosch Conversations in Bengaluru, in partnership with The Economic Times, highlighted the shift of GCCs from being operational outposts to emerging as value engines capable of driving both core transformation and new market creation.
India could add $500 billion to GDP by 2035 through strategic AI adoption: Acuité’s Sankar Chakraborti
Sankar Chakraborti emphasizes AI's role in innovation and job creation, highlighting infrastructure gaps and brain drain as obstacles. He advocates for extending AI to rural areas with affordable internet and localized solutions.
Building resilient AI strategies for Indian enterprises
The EU's AI Act of 2024 can inspire AI regulation. India's AI market is set for substantial growth. The IndiaAI Mission is funding privacy and security solutions.
Microsoft offers to boost European governments' cybersecurity for free
After a surge in cyberattacks in Europe, many linked to state-sponsored actors from China, Iran, North Korea and Russia, the programme aims to boost intelligence-sharing on AI-based threats and help to prevent and disrupt attacks.
Why product management is one of the most valuable skills in a tech-driven economy
The field of product management is evolving due to AI, complex customer needs, and rapidly changing business environments. This transformative programme by India’s premier B-school will prepare every product manager for future success.
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Engineers at frontlines of AI are least optimistic about it, shows report
Despite engineers driving AI adoption in India, they express anxiety about its impact on their careers, contrasting with the optimism of MBA and B Com graduates. The rise in job switching is fueled by technological disruption, competition, and unmet salary expectations.
Demis Hassabis, Google Deepmind CEO, advises students to study these subjects as AI replaces tech jobs
Google DeepMind CEO Demis Hassabis advises students to prioritise STEM education, emphasising that mathematics, physics, and computer science are fundamental for understanding AI systems. He predicts AI will create valuable new jobs for technically skilled individuals and encourages hands-on experience with AI tools.
India’s top IT services exporters buck the trend to land multi-year contracts
IT services companies Tata Consultancy Services (TCS), Wipro and Tech Mahindra entered multi-year deal announcements despite slowing demand and organic revenue growth. The deal announcements include streamlining IT operations through AI and next-generation technologies.
How GenAI Is rewriting the rules of product management
Artificial Intelligence (AI) and Generative AI (GenAI) are upending product management as we know it. From ideation and automating behavioural data to iteration and changing team dynamics, here’s how the emerging technologies are changing the scope of this field, and what you can do to stay ahead of the curve.
OpenAI announces $150,000 in grants to 11 Indian nonprofits for social innovation
The nonprofits will be given grants in the form of API credits and technical resources, as part of the expansion of OpenAI’s ‘AI for Impact Accelerator’ programme. Philanthropic partners The Agency Fund, Tech4Dev, and Turn.io have joined hands with OpenAI Academy to deliver this programme.
Simplilearn appoints Jitendra Kumar as CTO to lead AI-first strategy
Simplilearn has appointed Jitendra Kumar as its CTO to lead the company's AI-first transformation. Kumar, who previously worked at Simplilearn, will focus on embedding AI technologies to personalize learning and scale global impact. His experience includes co-founding HappyCredit and building ReelOn, an AI-powered video content creation platform.
Finding Gen XX among GenAI leaders
Can generative artificial intelligence help women break the proverbial glass ceiling? There are some positive signs though a lot more needs to be done, says Himanshi Lohchab
Applied Digital soars 45% on $7 billion CoreWeave deal, expects revenue windfall from 15-year lease
Applied Digital stock soared over 45% today, driven by a massive $7 billion, 15-year lease deal with CoreWeave, a fast-growing AI cloud provider backed by Nvidia. With record trading volume and strong investor interest, APLD is gaining attention as a key player in the AI data center space. This surge highlights Applied Digital’s strategic move into high-demand cloud infrastructure, making it a stock to watch ahead of its July 2025 earnings report.
Where the fintech sector is headed next: QED-BCG Global Fintech Report 2025
Fintech may still be a small slice of global finance, but it’s scaling fast. A new report reveals five big trends—from smarter AI to rising onchain finance—that are reshaping the landscape. With fintech revenues growing 21% year-on-year, it’s clear the sector is outpacing traditional financial services.
Listed new-age cos’ road to profitability; QED’s Nigel Morris interview
After a torrid time on Dalal Street, new-age firms have taken a turn towards profitability in the March quarter. This and more in today’s ETtech Morning Dispatch.
Perplexity Labs: AI giant's new tool creates tables, graphs, and simple web apps
Labs can generate reports, spreadsheets, dashboards, and simple web applications. The company states that Labs performs 10 minutes or more of self-supervised work, leveraging a suite of tools including deep web browse, code execution, and chart and image creation, to transform users' ideas into tangible output.
The NYT paradox: Suing OpenAI, then signing with Amazon
The timing of the development is notable and even ironic: it comes even as the NYT continues a legal battle with OpenAI and Microsoft for copyright infringement. However, other media groups, such as News Corp — the owner of The Wall Street Journal, Barron's, MarketWatch, and The New York Post — struck similar deals with OpenAI in May last year.
Silicon Valley is at an inflection point
Under President Trump's administration, tech giants are gaining unprecedented power, fueled by initiatives like the Stargate Project and favorable tax policies. This support allows them to expand their influence across various sectors, raising concerns about data privacy, resource consumption, and the concentration of AI research within these companies.
AI means business. let's put it to work
Nirmala Sitharaman emphasized AI's pivotal role in propelling India to become the world's third-largest economy, citing its potential to enhance productivity, value addition, and sustainable development. While acknowledging potential job market disruptions, she highlighted upskilling as a solution.
Nvidia CEO Jensen Huang finally nails it, warns that every job will be affected by AI — and soon
Nvidia CEO Jensen Huang warns that AI is already reshaping the job market and every job will be affected immediately. Instead of fearing AI, he urges workers to embrace it, saying those who use AI will keep their jobs. While some tech leaders predict massive job losses, Huang believes AI could bring 30 to 40 million people back to work by boosting productivity. The key to survival is learning and using AI tools. This story highlights the urgent need for workers to adapt or risk being left behind in an AI-driven future.
Coding is dead? Microsoft's product chief shares important advice to techies amid layoffs in the tech gaint
Microsoft executive Aparna Chennapragada defends computer science amid job cuts. She disagrees with claims that coding is dead. Layoffs impacted many software engineers. Microsoft invests heavily in Artificial Intelligence. AI is changing software development. Chennapragada envisions more 'software operators' in the future. Project management roles may shift. Microsoft is investing billions in AI infrastructure.
Elon Musk-Telegram AI pact sets the stage for more drama
Musk may not be in the best of moods. With the true impact of his Department of Government Efficiency still unclear, he left his post at the White House this week. Now he’s turning back to a business empire in flux, having leaned on AI to balance his books. The generative AI boom has pushed the value of two-year-old xAI to $80 billion, and Musk recently merged that company and X (formerly known as Twitter and worth far less) under a single entity, xAI Holdings.
AI poses a greater threat to women in the workforce, but why? ILO study reveals alarming gender gap predictions
An ILO study reveals women are three times more likely than men to lose jobs to AI, especially in clerical and administrative roles. As generative AI spreads across industries, high-income countries face growing gender disparities. The report urges policymakers to adopt inclusive strategies to prevent automation from worsening existing inequalities in the global workforce.
Artificial intelligence is a generational shift, with its impact far greater than the internet: Sunil Mittal
Sunil Bharti Mittal says AI's impact will surpass the internet. He spoke at the CII Annual Business Summit 2025. Mittal highlighted AI's effect on India's job market. He noted potential difficulties in software engineering. Mittal also emphasized new opportunities AI will create. He urged government support for industry. Mittal called for increased R&D investment and a trade reset.
Why every business leader now needs to speak the language of AI
What will distinguish leaders of tomorrow is not their awareness of Artificial Intelligence (AI) but a foundational knowledge to ask questions of AI systems, deploy them strategically, and weigh in on the ethical ramifications. An online Leadership with AI programme, which integrates GenAI and Agentic AI, could be a step forward in the AI-led leadership race.
ILO lowers employment generation forecast for 2025 to 53 million from 60 million projected earlier
The ILO has downgraded its global employment forecast for 2025 due to a slower economic growth outlook, projecting 53 million jobs instead of the previously estimated 60 million. Trade tensions and geopolitical issues threaten approximately 84 million jobs, particularly in the Asia-Pacific region.
Does college still have a purpose in the age of ChatGPT?
Artificial intelligence is changing college life. Students are using AI for assignments. Professors are also using AI to grade. This raises concerns about learning and academic integrity. Colleges need clear AI policies. More in-class assessments are necessary. Technology may help detect AI-generated text. Shaping campus norms is crucial for the future of universities.
Ctrl+AI+Delete: Is the old PC dead?
AI PCs are becoming a thing, especially with businesses jumping on board. The price gap is shrinking, which is cool. But, let's be real, some folks are still scratching their heads, wondering what all the fuss is about and what they actually get out of having an AI-powered computer. Subhroijit Mallick and Annapurna Roy dig deeper.
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