AI AND DATA VALUE
Global Market: AMD to increase AI chip supply substantially in 2027 to meet rising demand
AMD plans to substantially increase chip supplies in 2027 as demand for AI processors accelerates. CEO Lisa Su is working with key suppliers in Taiwan and South Korea to expand manufacturing and secure advanced wafer and memory capacity.
The economics of India's biggest export industry goes topsy-turvy
India’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level hiring. Clients are demanding more output for less, while spending shifts towards AI, cloud and in-house capabilities.
From growing demand for AI to premium upgrades, Amazon India reveals what customers want ahead of Amazon Great Indian Festival 2026
As the Amazon Great Indian Festival 2026 approaches, technology shoppers are becoming more research-led, weighing AI capabilities, performance and long-term value before upgrading. Zeba Khan, Director - Consumer Electronics, Amazon India, weighs in.
How AI is transforming India’s BPM industry
India's business process management landscape is remarkably transforming as it embraces artificial intelligence and smarter operations. This change signifies a shift away from age-old cost-centric models, aiming instead for tangible business results via cutting-edge technology. Leaders within the industry highlight the importance of novel workflow strategies, necessitating advanced skills and compliance mechanisms. With AI's growing presence, workforce roles are set to adapt, emphasizing critical decision-making and oversight.
Sauce's Manu Chandra on consumer exits; Physical AI's regulation push
Sauce's Manu Chandra said he expects larger exits for investors of India's new-age consumer brands. This and more in today’s ETtech Morning Dispatch.
Physical AI startups moot industry body to set data-collection standards
The proposed body could also help AI labs connect with various farms, factories, hotels and other real-world environments from where they can access and collect data needed to train robots at a fixed rate, one of the founders said.
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ET Alpha Wealth Summit 2.0: How portfolio management is evolving with AI
The ET Alpha Wealth Summit 2.0 is scheduled for October 8, 2026, in Mumbai. This event will gather various investment professionals including high-net-worth individuals and family offices. Some of the discussions will focus on the implications of AI for portfolio management and investment allocation. Expert sessions will explore the balance between human judgement and AI in making investment decisions.
Australia's Firmus to allocate half of up to $5.5 billion IPO to existing investors, sources say
Firmus, the Australian data centre operator, is gearing up for a noteworthy initial public offering worth $5.5 billion. In a strategic move, the company plans to distribute half of this capital to selected existing investors. Expected to commence trading on the Australian Securities Exchange on October 23, shares will be priced at A$11.
Global Market: Japan’s Nikkei jumps 2.5% to 3-month high as AI stocks rally
Japan’s Nikkei surged 2.53% to a three-month high, led by AI and chip stocks following Wall Street gains. Advantest and Tokyo Electron rallied, while SoftBank also advanced. Easing expectations for a Federal Reserve rate hike supported sentiment, though investors remained selective amid a more cautious outlook for the AI-led rally.
AI compute financing needs bankable contracts, lender exit rules: industry
They highlighted these demands at a closed-door meeting on ‘Financing India’s Frontier & Compute Ecosystem’ convened in Delhi by the IndiaAI Mission.
AI's race to transform the world before the money runs out
Cumulative spending globally on data centers alone could top $30 trillion by 2050, according to a projection by PwC, almost matching the value of outstanding US Treasuries. It "dwarfs" what was spent in the railroad or dotcom booms, even after adjusting for inflation, PwC said.
Valuations of IT stocks already capture most of AI disruption risk: Chintan Haria
The Nifty IT index’s 25% fall in 2026 may have already priced in much of the threat from AI. Chintan Haria of ICICI Prudential AMC sees selective opportunities in companies positioned to benefit from data engineering, cloud migration, legacy modernisation and AI integration.
Degree in one hand, AI course in the other: College students aren’t waiting for classrooms to catch up with jobs
Amid rapid technological advancements, college students are embracing online learning platforms like Coursera and Simplilearn to equip themselves with vital AI skills. The urgency for upskilling programs has skyrocketed due to changing industry needs. Educational institutions are proactively collaborating with edtech companies to improve graduates' employability. Yet, students often grapple with learning AI informally, facing hurdles in skill acquisition, leading them to seek organized educational pathways for future career readiness.
DigiLocker seeks private partners, Slurrp Farm's fundraise plans
DigiLocker is set to bring more institutions onto its platform with the help of private AI integrators. This and more in today’s ETtech Top 5.
Global M&A deal rush fades in third quarter as rising borrowing costs bite
Global mergers and acquisitions activity saw a notable decline in the third quarter, totaling $993 billion. This figure marks a 41% decrease compared to the previous quarter, falling below $1 trillion. Despite this dip, worldwide M&A is up 28% year-to-date, reaching $3.9 trillion, the highest since 2001. Asia Pacific M&A experienced growth, totaling $242 billion, boosted by companies seeking strategic acquisitions.
Nvidia's bet that its chips can finance the AI boom gets a Wall Street reality check
By Saeed Azhar, Max A.- Nvidia's mammoth financing plan has opened a debate on Wall Street about how much its advanced chips and the infrastructure around them are worth.
IT fresher hiring rebounds; Agrani's Rs 800 crore raise
Happy Friday! After nearly two years of subdued fresher intake, hiring is picking up across the technology and IT industry. This and more in today’s ETtech Morning Dispatch.
Agrani in talks to raise Rs 800-850 crore from Samsung, 360 One, Peak XV
The Bengaluru-based company is also looking to apply for around Rs 120-130 crore under the government-backed Research, Development and Innovation (RDI) scheme as part of the fundraise, the sources said.
OpenAI sacks 3 researchers over leaking 'sensitive' info, ChatGPT maker alerts over 100 organizations about rogue AI agent activity
ChatGPT maker has been conducting a broad review of the activities of its AI models after the accidental hacking of Hugging Face. OpenAI is searching through roughly 50 petabytes of data as it works to understand the full scope of its rogue agent activity.
Temasek comfortable with current AI spending levels, executive says
Singapore's Temasek is not worried about the massive levels of spending from hyperscalers powering the AI buildout, its executive said on Thursday, as the state investor works to increase its exposure to the technology.
AI major cybersecurity challenge, but also offers tools for defenders: Thales Chairman
Artificial Intelligence has significantly changed the speed and nature of cyberattacks, creating challenges for cybersecurity. Companies now face threats not only from cybercriminals but also from state actors targeting critical systems. Thales executives emphasized the need for integrated cybersecurity strategies to address growing complexities and vulnerabilities. New AI-powered solutions and partnerships aim to enhance protection against evolving cyber threats effectively.
US Market: AI credit surge tests lenders as future revenues remain uncertain
AI-related borrowing has surged substantially in low-rated U.S. firms this year, prompting investor scrutiny of financial assumptions. Lenders are seeking higher returns and greater compensation for the risks associated with these investments. While there is demand for predictable revenue streams, appetite for lower-quality AI credit remains limited. Borrowing costs have increased sharply as borrowers move further down the credit spectrum, impacting financing availability.
Axis Bank wants to double its Rs 8,688 crore data centre exposure
India's rising interest in artificial intelligence is prompting Axis Bank to expand its lending to data centres. With demand for large-scale computing infrastructure surging, banks are exploring new financing opportunities. Axis Bank's exposure to the data centre sector is expected to double within three years. Additionally, the government is facilitating growth in this sector with favorable policies. Overall, the opportunity presents both promising potential and unique challenges.
Dodging SaaSocalypse: AI’s enterprise moment could belong to IT services
ITC Infotech's merger with Happiest Minds highlights the trend of mid-market consolidation in response to AI advancements. The global IT market faces challenges, requiring companies to adopt AI-centric capabilities for survival. Enterprises are burdened with legacy systems, which present both challenges and opportunities for funding technological transformations. Companies will need to adapt to the evolving landscape by integrating AI into existing frameworks effectively.
Models ready but data isn’t: Google’s Andi Gutmans on AI’s next big hurdle
As companies increasingly deploy AI, Google emphasises the importance of preparing corporate data for effective use. Andi Gutmans stated that understanding a business requires analysing contracts, revenue, and customer data. Google is expanding its engineering teams in India to support businesses in connecting AI systems with their essential data.
OpenAI takes on Meta with always-on Dots agent in enterprise AI push
OpenAI on Tuesday unveiled always-on agents called Dots that chase user goals across apps on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work
Oracle share price: ORCL stock jumps at NYSE, what is making it one of top turnover stocks in Software & IT Services sector
Oracle stock: Oracle's move to protect itself against potential delays at a massive data center project developed by Blue Owl in New Mexico sent a chill through the trillion-dollar market for AI infrastructure financing.
Not even $10,000 per household could convince this rural Pennsylvania town to stop protesting an AI data center project
A Pennsylvania town was offered $10,000 for each of its roughly 4,500 households as part of a proposed AI data center project, but many residents refused to accept the money. NorthPoint Development proposed a $45 million payout to residents along with a $120 million community investment if Hazle Township approved zoning changes.
The Indispensables: Seven AI titans and an $18.6 trillion economic bet
Removing key AI leaders such as Elon Musk and Sam Altman could disrupt the entire AI industry profoundly. These leaders oversee companies with a combined market value of approximately $18.6 trillion as of now. Their innovative projects in AI have enormous potential to impact multiple sectors and advance human progress.
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