BENGALURU: Companies worldwide are expected to spend 50% more on adopting generative AI (GenAI) technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm.
This, even as analysts and management are divided on how the technology's rise will impact India's $254-billion IT services industry.
Two years after the launch of ChatGPT ushered GenAI into everyday discussions, US-based Information Services Group (ISG) in a September 2024 report said it expects companies globally to spend 6.5% of their total tech spending on GenAI in 2025.
MUMBAI: A bunch of top companies is hanging on to almost ₹1 trillion of free cash that it has yet to find a use for, according to an analysis done by a proxy advisory firm.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Guwahati to host ISL's Kolkata derby
After weeks of uncertainty, Mohun Bagan Super Giant said on Wednesday that they will host the Kolkata derby of the Indian Super League (ISL) against East Bengal in Guwahati on Saturday.
AFI Reworks National Camp Plan for Athletes
AFI's new policy on training
Isak Fires Again as Newcastle Shock Wasteful Arsenal in SF
Newcastle took a giant stride towards the League Cup final as goals from Alexander Isak and Anthony Gordon earned a 2-0 semi-final, first leg lead at Arsenal on Tuesday.
Friendship, coaching rivalry and cricket connections
Sitting in the stands of the Birsa Munda Hockey Stadium, Craig Fulton was observing the Indian players in a training session of Hockey India League (HIL) franchise Team Gonasika.
Chasing history, Alcaraz eyes big push in Australia
Spaniard, who owns four Slams but is yet to win in Melbourne, will have to shake off his slow start trend
All eyes on Rohit, Bumrah and Shami in CT selection
Selectors are due to name India's squad for the Feb 22-March 9 ICC Champions Trophy on Saturday
Australia tour rubble shows domestic cricket deserves more respect
India suffered two shattering jolts – first New Zealand and now Australia – but in the gloom there is a silver lining, what teams call 'positives'.
Gold import revision cuts Nov trade deficit by $5 bn
India's record trade deficit for November has been revised downward to $32.8 billion from $37.8 billion, after the government made a sharp correction in gold import data.
India Inc. focuses on core areas with exits, buyouts
Stick to your knitting. That's the latest motto for many large Indian companies as they go for demergers and selloffs, while some of them snap up businesses in their primary focus areas.
Allcargo to sell stake in Gati
Allcargo Logistics Ltd is looking to sell 25-40% stake in its subsidiary Allcargo Gati Ltd which it acquired nearly five years ago, two people aware of the development said.
