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Happiest Minds reported a significant 79.9% surge in net profit for Q4 FY26, reaching Rs 61.17 crore, driven by revenue growth and increased adoption of AI-led services. The IT firm's revenue grew 10.9% year-on-year to Rs 604 crore, with its generative AI business more than doubling. The company ant
The report estimates that Indian AI firms are losing Rs 33,000 crore in wasted AI spending annually.
Mallika Rao discusses the hidden risk of evaluation debt in production AI systems, drawing on her experience at Twitter, Walmart, and Netflix. She explains why traditional metrics fail modern architectures, breaks down a five-layer evaluation stack spanning infrastructure and UX, and shares a diagno
On the eve of Mumbai Tech Week, Sharad Sanghi of Neysa AI, Aakrit Vaish of Activate, and Naiyya Saggi of EDT spoke with ETtech editor Samidha Sharma about data centres, India’s AI investment gap, and building a startup ecosystem in the city.
The company, which is one of the country’s largest employers by headcount, will “do everything possible to safeguard employment for hundreds of thousands of staff, including blue-collar workers,” Liu said in an internal speech on Wednesday, according to a video circulating on social media.
Capgemini's CEO highlighted how AI is expanding client spending beyond traditional IT budgets, as companies now view it as an operating change. This shift is creating new opportunities across business functions, leading to a more diversified and resilient Capgemini with stronger client relationships
AI adoption has become a culture shift for enterprises, moving beyond technical implementation to fundamentally reordering how organizations work, compete and grow. Few partnerships are better positioned to guide that shift than the one between the companies that have long defined the enterprise sta
Eurostat published last December a release that, on a different continent, would have been front-page news. They were saying that 20% of European Union enterprises with at least ten employees now used artificial intelligence in some part of their business, up from 13.5 per cent the year before. A ju
For the first time since the AI race began, more American businesses are paying for Anthropic's Claude than for OpenAI's ChatGPT. Adoption of Anthropic rose 3.8% in April to 34.4% of businesses, according to the May 2026 release of the Ramp AI Index. OpenAI's adoption fell 2.9% to 32.3%. Overall AI
The AI Bullwhip: What The Beer Game Teaches Us About Uneven AI Adoption Why introducing AI to one team might break others—and how to avoid the chaos Several decades ago, I was involved in building a digital version of The Beer Game for HBS, and from its first run the lessons became viscerally clear.
Cloudflare announced significant layoffs, cutting approximately 20% of its workforce, impacting over 1,100 global employees. This restructuring is driven by the company's rapid adoption of artificial intelligence tools and a shift towards an 'agentic AI-first operating model.' Despite stronger first
Apple and Michigan State University recently held the inaugural Spring Forum for the Apple Manufacturing Academy, focused on how AI is being implemented across multiple manufacturing workflows. Here are the details. more…
Coinbase Global Inc. Chief Executive Brian Armstrong announced today that the company intends to cut its headcount by 14%, or roughly 700 jobs, citing a combination of market forces and artificial intelligence changing how the company operates. Posting on X, formerly Twitter, Armstrong noted that al
The crypto exchange is restructuring around artificial intelligence and flattening its org chart, CEO Brian Armstrong said.
Artificial intelligence giants Anthropic PBC and OpenAI Group PBC are going after the enterprise in full force now, announcing the creation of new AI services companies in joint ventures with some of America’s biggest private equity firms. Anthropic said today it is teaming up with Blackstone Inc.,
Shares of Atlassian Corp., Twilio Inc. and Five9 Inc. all jumped in late trading today after the three software companies posted better-than-expected quarterly results, with each pointing to artificial intelligence adoption as a driver of accelerating revenue and stronger guidance. Atlassian led the
Amazon is formalizing AI integration into its engineering culture with six AI-native tenets. The guidelines aims to optimize AI use without compromising on understanding or traceability.
AI is transforming Indian workplaces. Employees leveraging AI skills will see career advantages in the coming years. Sectors like technology, GCCs, and BFSI will lead this shift. Companies are integrating AI into core strategies, not just as tools. This will impact appraisals and career growth, espe
AI is emerging as a critical tool and a growing threat as CIOs struggle to balance innovation with risk, according to a new report.
Many companies are taking a slower, more controlled approach to autonomous systems as AI adoption grows. Rather than deploying systems that act on their own, they are focusing on tools that assist human decision-making and keep control over outputs. This approach is especially clear in sectors where
