The investment by the corporate venture capital arm of IndiGo builds on an existing relationship between the two entities. Both companies previously collaborated to deploy artificial intelligence technologies aimed at enhancing passenger experience, assisting airline staff, and streamlining operational workflows acros…
“Every large enterprise should be investing in AI,” Singh said at The Economic Times World Leaders Forum in New Delhi. Pointing to HCLTech’s investment in Indian foundational model startup Sarvam AI, and global bets such as Amazon’s backing of Anthropic, he said corporate balance sheets can deploy capital at a scale m…
Layoffs.fyi data shows AI-led global tech layoffs hit 1.28 lakh employees by July 1, 2026 — already exceeding all of 2025. India accounts for 7.16% of the global total, the second-highest share after the US. Within India, education (21.67%) and finance (14.73%) saw the largest share of AI-linked job cuts.
A senior MeitY official confirmed India's two-pronged AI strategy: lean on capable open-source models while building indigenous systems that reach 60-80% of frontier-model capability. The IndiaAI Mission is currently supporting 20 Indian AI models under development.