TCS AI TALENT ACQUISITION
Big firms, bigger bets on crypto
US companies, facing slow growth, are increasingly drawn to crypto treasury operations, spurred by investor enthusiasm and regulatory hurdles in direct crypto purchases. While early adopters see significant stock performance, latecomers risk leverage-related losses.
Early investors await Meta-Scale deal windfall: Report
Peter Thiel’s Founders Fund, Chase Coleman’s Tiger Global, and venture capital firm Accel are among investors expected to gain from the deal. Meta is planning to invest $15 billion in Scale AI, paying between $14 and $15 a share. Some of the earliest investors in Scale AI paid 1 to 3 cents per share.
Open to acquisitions to boost vision: Cisco’s Jeetu Patel
Cisco Systems is strategically pursuing acquisitions to accelerate its vision, particularly in the realm of AI-driven solutions. With a history of over 200 acquisitions, Cisco aims to enhance its portfolio across networking, security, and data centers. The company emphasizes a build-first approach, acquiring companies opportunistically to augment its capabilities and drive innovation in the AI era.
Zuckerberg’s ‘Fantastic 50’: World’s 2nd richest man is hiring elite coders with million-dollar offers to build the most powerful AI brain
Mark Zuckerberg is spearheading Meta's ambitious pursuit of artificial general intelligence (AGI) by forming a dedicated superintelligence team. He's personally recruiting top AI experts, offering lucrative compensation packages to outpace competitors like OpenAI and Google. Meta aims to integrate AGI into consumer products, positioning itself as a leader in the next era of computing amidst the global AI race.
Indian AI needs imagination, not imitation
True innovation happens when we take bold bets on hard, important problems- not just by replicating existing breakthroughs like ChatGPT.
India's AI market to triple to $17 billion by 2027: Report
Boston Consulting Group (BCG), in a report titled "India's AI Leap: BCG Perspective on Emerging Challengers", said India has a thriving AI ecosystem with over 600,000 AI professionals, 700 million internet users, and a surge of AI startups with over 2000 launched in the past three years.
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AI Resurrections and Their Place in India’s Tech Landscape- Could India Lead the AI Afterlife Market? Digital Resurrection Meets Desi Sentiment.
Artificial intelligence is now offering digital afterlife services in India. This "Grief Tech" uses AI to simulate deceased individuals. Startups are developing tools for voice cloning and memory bots. India's cultural values and digital presence make it a prime market. Ethical concerns exist around privacy and cultural acceptance. The legal framework needs development for data rights.
Meta to pay nearly $15 billion for Scale AI stake: Report
Meta Platforms reportedly agreed to acquire a 49% stake in AI startup Scale AI for $14.8 billion. This move aims to boost Meta's AI efforts, placing Scale AI CEO Alexandr Wang in a top position to lead a new "superintelligence" lab. Scale AI, valued at $13.8 billion in 2024, provides crucial labeled data for AI development and generated $870 million in revenue last year, projected to exceed $2 billion in 2025.
Meta just made a $15 billion move to the AI frontier — here’s why it’s backing Scale AI’s 28-year-old prodigy
Meta taps Alexandr Wang to lead its bold new AI superintelligence lab, aiming to catch up with giants like OpenAI and Google. Meta CEO Mark Zuckerberg is personally recruiting top talent, including Wang, the founder of Scale AI, in a massive push toward artificial general intelligence (AGI). With billions on the table and plans to hire 50 top researchers, Meta is going all-in. As reports from The New York Times and Bloomberg reveal, this move could reshape the future of AI. Discover what’s behind this big tech shake-up, and why this AI lab could change everything.
Careernet Group expands to the Middle Eastern market
Careernet, an Indian holistic talent solutions provider, expands into the Middle East with a new Dubai-based office. This move follows their recent entry into the US market. With 25 years of experience, Careernet aims to support enterprises in the region, focusing on tech, digital, and emerging sectors.
'Just let your boss take credit': LinkedIn post hails 'emotionally intelligent' interviewee, but Reddit reacts with fury and outrage
A LinkedIn post praising a candidate for accepting credit theft by a manager sparked outrage on Reddit. Netizens slammed the recruiter's ideal as fostering "slavery" and signaling toxic work environments. The viral reaction exposes a critical disconnect between some hiring practices and the growing demand from job seekers for workplaces that value genuine contribution, not blind obedience.
UK to boost 'homegrown talent' in new AI skills drive
UK Prime Minister Keir Starmer pledged to train 7.5 million workers in AI skills through a government-industry partnership with tech giants like Nvidia and Google. With £187 million funding, the initiative aims to boost homegrown talent, digital infrastructure, and position the UK as a global AI leader.
Why India is emerging as the ideal hub for GBS and GCCs
India has evolved into a global epicenter for Global Business Services (GBS) and Global Capability Centers (GCCs), transitioning from cost-saving offshore centers to strategic innovation hubs. This shift is reshaping the global business landscape, with GCCs driving digital transformation and operational excellence for multinational corporations.
UK launches AI skills drive for workers and schoolchildren
Prime Minister Keir Starmer is set to announce a major AI skills drive, partnering with tech giants like Google and Microsoft to train 7.5 million workers. The £187 million TechFirst programme will also boost AI education in schools, aiming to strengthen the UK’s position as a global leader in artificial intelligence.
India to be a global AI powerhouse: OpenAI executive after India academy launch
The IndiaAI Mission, which is also supporting the building of Indian foundational models, is receiving interest to do so from the likes of Essential AI cofounder Ashish Vaswani and Two AI founder Pranav Mistry, an official said on the sidelines of the event.
Andhra Pradesh and Nvidia sign MoU to advance growth of AI ecosystem
Andhra Pradesh has partnered with Nvidia to bolster its AI ecosystem, focusing on curriculum development and training for 10,000 engineering students over two years. The collaboration aims to support 500 AI startups through Nvidia's Inception Program, enhancing their global exposure. Furthermore, plans are underway to establish India's first AI University in Andhra Pradesh, fostering research and innovation.
Nvidia sounds the alarm: Chinese AI talent defecting to Huawei as U.S. chip curbs push them out the door
Nvidia is raising concerns that US export restrictions are inadvertently fueling China's AI advancements. The company reports a surge in AI researchers joining Huawei, driven by limited access to Nvidia chips. These restrictions are also costing Nvidia billions in lost revenue and pushing Chinese companies towards domestic alternatives like Huawei's Ascend chips.
Andhra Pradesh, Nvidia ink pact for AI varsity
This collaboration is aimed at positioning Andhra Pradesh as a national leader in AI-driven innovation and talent development. "As part of this partnership, the two parties (state & Nvidia) will work together to skill 10,000 engineering students across Andhra Pradesh over the next two years," the release said.
Infosys introduces payouts for employees helping with recruitment
Infosys has launched a cash reward scheme for senior staff conducting lateral hire interviews, offering Rs 700 per interview, retrospectively from January. Aimed at boosting morale, the policy excludes HR and leadership roles. The policy has also limited the cash incentive for hirings within India.
Genpact acquires XponentL Data to drive AI-led innovation
Genpact has acquired XponentL Data, a provider of data products and AI solutions, to bolster its capabilities in data strategy, design, and engineering. This acquisition enhances Genpact's ability to assist clients with AI transformation across its lifecycle. XponentL brings industry-specific solutions and expertise in platforms like AWS and Microsoft, accelerating business value for Genpact's clients.
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.
Wipro shares rise after multi-year deal with US security firm Entrust
Under the agreement, Wipro will assist Entrust in expanding operations and speeding up growth by offering services in product development, infrastructure management, and application modernisation. Wipro will enhance application security by using advanced analytics to detect vulnerabilities and provide actionable insights for smarter software development.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
Wipro signs deal with US security solutions firm Entrust
The partnership will improve Entrust’s operational efficiency, support its digital transformation goals, and better manage IT costs. It will also help scale the identity-centric security solutions firm’s operations and accelerate growth.
TCS, Virgin Atlantic extend tech alliance of two decades; AI to power this phase
The deal will entail TCS modernising Virgin Atlantic’s core systems with a cloud-first, AI-led digital core. A Technology Command Centre, co-developed by the two companies, will become the airline’s operational brain, offering real-time insights to improve decision-making and enable frontline employees with contextual data. No financial details of the deal were announced.
Nielsen transforms India arm from GCC to Global Innovation Centre
Nielsen strengthens its India presence, transforming into a Global Innovation Centre. This shift emphasizes technology and product development. The company plans to hire 1,000 more employees in India in 2025. India's diverse environment aids in product testing for global markets. Nielsen focuses on AI, predictive analytics, and media planning tools.
Salesforce acquires AI recruiting startup Moonhub weeks after Informatica deal
At Moonhub, AI systems are designed with a "human-in-the-loop" approach, ensuring that ultimate decision-making remains with people. Xu believes that in most current AI applications, humans still play a critical role in final judgments, especially in areas like hiring.
AI, transformation-led deals likely to fuel IT M&As: Experts
Since the beginning of 2024, Infosys—India’s second largest IT major— has made four acquisitions in engineering R&D and semiconductor design services space, including two announced in April in cybersecurity and energy consulting areas. Its smaller rivals HCLTech and Wipro acquired two firms each while LTIMindtree purchased Voicing.AI in December. These came after a lull of almost no acquisitions in 2023.
ET Graphics: AI startups are still hot investment picks
The 2025 Stanford AI Index report says private AI investments increased 44.5% between 2023 and 2024. In addition, corporate investments in AI through mergers and acquisitions, minority stakes and public offerings have seen a 25.5% uptick in 2024 compared to in 2023.
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