Infosys

Headlines · 4

1. 3d
   Infosys chairman Nilekani: AI job-loss fears are 'nonsense'

   Nandan Nilekani, chairman and co-founder of Indian IT services giant Infosys, said at the Bloomberg Innovation Economy Forum in New Delhi that AI is driving business growth and dismissed fears of mass unemployment caused by AI as "nonsense." He argued that while tasks such as coding are increasingly automated, technology is only a small part of service projects, with roughly 70% of the work involving governance, change management, transformation and security — such as preventing AI chatbots from hallucinating or AI agents from going out of control. He acknowledged that coding is being automated, but noted shareholders are increasingly worried about Infosys's ability to win new business, with the stock down about 45% over the past two years; it rose 3.2% on Tuesday while rival Tata Consultancy Services gained 6.2%.

   IT之家 AI · 🔥 0
2. 4d
   Data centre chiefs: power and talent, not chips, limit AI buildout

   Executives from NTT Data, Brookfield Asset Management and Infosys said at Bloomberg's New Economy Forum in New Delhi that electricity and skilled labour, not chips, now limit how fast AI data centres are built. NTT Data CEO Abhijit Dubey said an electrician in the US earns about $200,000 and equipment can take up to 42 weeks to source, while European grid connections in congested markets run to ten years or more — Amsterdam around a decade and Frankfurt waiting until the 2030s. Denmark's grid operator paused new connections in March with roughly 60GW of projects queued against peak demand near 7GW. Brookfield's Connor Teskey said demand will outstrip supply past the end of the decade and rejected the bubble case, citing long take-or-pay contracts; the IMF's Global Financial Stability Report counted 14 circular deals since 2023, about $300B of equity and $650B of debt backing $1.4T of future revenue promises. Infosys' Salil Parekh flagged a Western backlash, and Scotland's governing party voted to freeze new builds.

   Bloomberg Technology · 🔥 0
3. 4d
   Infosys chairman calls AI job fears 'hogwash'

   Infosys Chairman Nandan Nilekani dismissed fears that AI will eliminate jobs, calling such worries "hogwash" and saying the technology will instead galvanize small businesses and fuel demand for new skills. He added that AI is driving the biggest transformation in IT services in decades, creating new opportunities for businesses and for Infosys, and pointed to the company's model-agnostic approach.

   Bloomberg Technology · 🔥 0
4. Oct 9
   US bars Microsoft, Adobe and other IT giants from tech talent green card program

   On October 8 the Trump administration suspended Microsoft, Adobe and several other major IT companies from a green card program that helps foreign tech workers obtain US permanent residency, accusing the firms of fraud. Labor Secretary Keith Sundling said the government will no longer accept new or pending permanent labor certification applications involving these companies; the affected group also includes Capgemini, Cognizant, HCL, Infosys, Tata and Wipro. Vice President JD Vance said companies must prioritize hiring American workers and said nine universities, among them Harvard, Yale and Stanford, will also be investigated; Microsoft responded that the overwhelming majority of its employees are American, and that about 80% of the roughly 6,000 H-1B petitions it filed last fiscal year were extensions or status changes for existing staff.

   AIbase AI新闻 · 🔥 0

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