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• Bengaluru techie held for Rs 379 crore crypto theft in his company

  Bengaluru police have arrested Rahul Agarwal, a CoinDCX software engineer, in connection with a Rs 379 crore cryptocurrency theft. Hackers allegedly exploited his login credentials to compromise confidential financial processes. An internal investigation revealed that Agarwal's laptop security was breached, enabling the unauthorized transfer of $44 million to multiple wallets.

  

• Quantum tech players leaving Pune will be welcomed to Bengaluru: Shivakumar

  "We are ready to provide whatever they need," Deputy CM Shivakumar told reporters on the sidelines of the inaugural event of the Quantum India Bengaluru 2025 being held in Bengaluru.

  

• Salesforce CEO Marc Benioff says: I keep asking CEOs, what AI are they using for these big layoffs

  Salesforce CEO Marc Benioff disputes predictions of AI-driven job losses, asserting that AI primarily enhances human capabilities, despite Salesforce's own automation initiatives. He highlights AI's accuracy limitations, emphasizing the ongoing necessity of human oversight for fact-checking and strategic decision-making. Benioff anticipates AI will fuel a surge in small business creation by democratizing access to enterprise-level tools.

  

• IOB blames Infosys for NetBanking lapse, reverts to its old system

  Indian Overseas Bank reportedly experienced major internet banking lapses after rolling out a new platform. In a recent update to customers, the bank cited technical failures by its vendor, Edgeverve (Infosys' subsidiary), and its inability to solve the issues promptly as the reason for shifting back to the old platform.

  

• Big Tech may be breaking the bank for AI, but investors love it

  AI played a bigger role in driving demand across internet search, digital advertising and cloud computing in the April-June quarter, powering revenue growth at technology giants Microsoft, Meta, and Alphabet.

  

• IT firms pivot from mass fresher hires to specialised talent signups

  While base salaries for bulk hires remain largely flat, in the Rs 2.8-3.6 lakh per year range, freshers being hired for specialised skills are drawing up to Rs 12-15 lakh a year, according to data from recruitment firms like Adecco, Quess and NLB Services.

  

• 40 jobs at risk of replacement by AI tools like Copilot: Microsoft report

  A recent Microsoft study suggests that AI is likely to replace 40 jobs such as those of translators, writers, and customer service workers. These roles involve tasks that AI tools can now perform. While the study does not estimate job loss, it signals major changes ahead and calls for worker adaptability.

  

• Five in 10 GCCs planning to increase workforce: Report

  Indian GCCs are poised for talent expansion in 2025, with half planning workforce increases. Early career talent remains the focus, but rising churn necessitates internal mobility strategies. While Tier 1 cities dominate hiring, a growing interest exists in Tier 2 and 3 locations, and AI adoption in recruitment is on the rise.

  

• KPIT bets on AI-led mobility to fuel growth; partners with JSW Motors for SDVs

  The Pune-based engineering and software integration firm is intensifying its focus on AI integration, with more than 75% of ongoing programmes incorporating AI-driven applications such as ADAS, vehicle diagnostics, testing and simulation.

  

• Why Elon Musk hates researchers and loves engineers — after he corrected xAI employee Aditya Gupta's hiring post

  Elon Musk is advocating for a unified engineering workforce at xAI and SpaceX, eliminating the title "researcher." He believes this outdated term creates unnecessary hierarchies and hinders collaboration. Musk emphasizes that focusing on practical engineering and accountability will accelerate innovation and deliver tangible results in the fast-paced AI industry, fostering a meritocratic environment.

  

• Microsoft to spend record $30 billion this quarter as AI investments pay off

  ​​I​t came after Google said it would spend more on data centers to meet demand for AI services, and Meta projected higher sales with only modest increases in spending. The trio of results could help resolve investor questions about whether Big Tech is benefiting from its massive data center buildout, with capital spending to reach $330 billion this year.

  

• Is AI causing tech worker layoffs? That's what CEOs suggest, but the reality is complicated

  The template for tech CEO layoff notices in 2025 includes an AI pivot. That nuance is not always clear from the last six months of tech layoff emails, which often include a nod to AI in addition to expressions of sympathy.

  

• Microsoft's Azure cloud revenue surges as AI spending pays off

  Microsoft’s Azure cloud revenue grew 39% in Q4, beating expectations with sales above $75 billion annually. The company’s AI investments, including its OpenAI partnership, drive growth but face renegotiation challenges. Capital spending rose to $24.2 billion, supporting AI demand. Microsoft aims to diversify AI tech beyond OpenAI to maintain leadership.

  

• Agentic AI to impact 1.8 crore jobs across manufacturing, retail and education by 2030: Report

  High-automation positions such as change managers and payroll clerks are increasingly being redefined as AI agents take over repetitive and routine tasks.

  

• TSDSI, ATU ink pact for collaboration on 5G, 6G, AI, rural broadband standards

  TSDSI has already made significant contributions, including the 5Gi specification, aimed at improving rural 5G coverage. The ATU, as the ITU regional telecommunications body for Africa and the ICT arm of the African Union, has similarly coordinated common African positions at the ITU.

  

• Powering India's multilingual AI future with resilient data

  India's linguistic diversity presents both a challenge and an opportunity for AI development. Resilient, multilingual data systems are crucial for inclusive progress, enabling AI models to reflect the country's cultural reality. Solutions like Veeam's Data Platform ensure data protection, accessibility, and usability, fostering innovation in healthcare, agriculture, and e-commerce.

  

• How CIOs are turning L&D into a strategic tech lever

  CIOs are quietly reshaping Learning & Development—but why? As AI success increasingly depends on talent, tech leaders are secretly stepping into HR territory.

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• Rapid GCC growth reshapes India's outsourcing industry

  MNCs, which are setting up these GCCs or expanding existing facilities, are also the top spenders of tech for the $280-billion listed Indian pureplay. The increasing insourcing of core tech tasks – especially the top end, high-value work - may be leading to one of reasons for the current rot in the outsourcing industry, marked by a protracted slowdown and now mass-layoffs.

  

• Reliance Jio announces India's first AI-ready cloud computer

  Reliance Jio on Tuesday unveiled JioPC, India's first AI-ready, cloud-based virtual desktop platform.

  

• No layoffs at Infosys: India's second-largest IT company plans to hire more amid buzz over TCS job cuts

  TCS’s decision to lay off over 12,000 staff has sent ripples through India’s IT sector, raising fears of wider job losses. Infosys, however, has ruled out layoffs for now, sticking to its goal of hiring 20,000 graduates while investing heavily in AI training. CEO Salil Parekh highlighted the company's long-term focus on reskilling and adaptability as key to navigating global headwinds. As the industry shifts, Indian IT giants are recalibrating growth strategies to balance talent, automation, and evolving client demands.