Alibaba to invest more than $52 billion in AI over next 3 years | GCCs, mid and small caps may top IT hiring as larger firms step back
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ETCIO Newsletter | Monday, February 24, 2025

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Alibaba to invest more than $52 billion in AI over next 3 years
Alibaba said the total investment amount exceeds the company's spending in AI and cloud computing over the past decade. The company has kicked off 2025 as a winner in China's AI race, drawing in investors with strategic business deals. Its stock has risen more than 68% this year, as of last close.  read more...
GCCs, mid and small caps may top IT hiring as larger firms step back
Entry-level hiring will be slower compared with hiring for mid-to-senior roles, as firms are looking for people who would not need training and handholding before being assigned to projects.  read more...
Meta to expand India operations, hire more for engineering and AI roles
Global technology giant Meta is expanding its presence in India and would hire engineers and product specialists for artificial intelligence (AI) roles.  read more...
Infosys co-founder Nandan Nilekani: AI will never fully replace core human capabilities
Infosys co-founder Nandan Nilekani highlighted that artificial intelligence will not replace core human traits like empathy, leadership, creativity, and collaboration. Speaking at an AIMA event, he emphasized the importance of developing adaptable skills and predicted significant AI advancements in ...  read more...
India should just fine-tune the AI models that exist: Groq CEO Jonathan Ross
Jonathan Ross, co-founder and CEO of Groq, told ET in an interview that India should focus on developing AI applications and improving existing models instead of heavily investing in foundational models and AI chips. Groq is a Silicon Valley-based AI chip startup that competes with Nvidia. The compa...  read more...
AI downloads in India surpass US, China: FM Sitharaman
Finance Minister Nirmala Sitharaman has highlighted the rapid pace of innovation in India and the country's leadership position in the adoption of artificial intelligence (AI).  read more...
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