Hang Ten Systems, a Palo Alto-based enterprise AI services firm founded by former Infosys CEO Vishal Sikka, raised $32 million in seed funding led by Mayfield with participation from Aramco Ventures. …
Former Infosys CEO Vishal Sikka launched Hang Ten Systems with a $32 million seed round led by Mayfield and Aramco Ventures, aiming to use AI to challenge the traditional IT services model by automati…
Vishal Sikka, former CEO of Infosys, launched Hang Ten Systems, an AI-driven IT services startup, with a $32 million seed round led by Mayfield. The company aims to use AI to build, modify, and operat…
The combined weight of India's software exporters in the Nifty index fell below 7.6%, a record low, as generative AI tools threaten the traditional outsourcing model worth up to $300 billion. The Nift…
Accenture shares plunged 20% on Thursday, their worst one-day drop ever, after the consulting giant forecast weaker revenue amid investor fears that AI will disrupt its core business. Hours earlier, A…
A new real-time tracker reveals AI-driven job displacement accelerating worldwide, with computer programmers, customer service reps, and data entry keyers most at risk. Young workers aged 22-25 face a…
The US Commerce Department forced Anthropic to suspend global access to its Fable 5 and Mythos 5 AI models, citing national security concerns, cutting off India—its second-largest market—and sparking …
Indian IT shares fell for a seventh consecutive session, with the Nifty IT index closing at its lowest level since May 15 after dropping 1.6%, as investor concern over Anthropic's new Claude Fable 5 A…
Infosys reported that 130 employees earned more than Rs 1 crore annually in FY26, a record high for the company. The milestone comes as the Indian IT industry faces uncertainty around the impact of AI…
Indian IT stocks fell sharply on Wednesday after a three-day rally, with TCS plunging 7% to Rs 2,280 and Infosys declining 4% to Rs 1,222, according to The Economic Times. The pullback followed a more…
Infosys chairman Nandan Nilekani stated that AI will transform coding practices but will increase the need for human skills, while deploying AI at an enterprise level remains difficult. Nilekani ident…
Indian IT giants TCS, Infosys, Wipro, and Tech Mahindra are positioning themselves to solve the AI deployment crisis facing U.S. companies, where 95% of generative AI pilots fail due to poor integrati…
Indian IT stocks have fallen up to 34% year-to-date in 2026, compared to the Nifty50's 9% drop, as enterprises shift spending toward AI infrastructure and away from traditional outsourcing. Analysts r…