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Mid tier IT firms surge while Infosys Wipro stumble as cloud and AI work bypass giants

Mid tier IT firms surge while Infosys Wipro stumble as cloud and AI work bypass giants

Mid-tier IT services firms are outpacing larger rivals, posting 7–28% year-on-year revenue growth in constant currency in the March quarter. Coforge, Persistent Systems, Mphasis and LTM gained as they stayed focused on specific growth pockets like cloud engineering, AI-led modernization and BFSI. Meanwhile Infosys and HCLTech lagged, and TCS and Wipro reported declines. Analysts credit leaner structures, senior talent closer to clients, outcome-based pricing and greater flexibility—though some growth may come with short-term margin tradeoffs.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Cisco bets big on AI networking as earnings beat sparks market optimism

Cisco bets big on AI networking as earnings beat sparks market optimism

Cisco is drawing fresh investor optimism after reporting stronger-than-expected earnings and signaling rapid growth in AI infrastructure demand. The company is restructuring operations and stepping up investments across artificial intelligence, cybersecurity, and cloud infrastructure, aligning itself with a multi-year AI networking investment cycle analysts say could extend momentum.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Alibaba to overspend on AI with growth ahead of margins in latest earnings push

Alibaba to overspend on AI with growth ahead of margins in latest earnings push

Alibaba says it will likely spend more than its earlier projected 380 billion yuan on artificial intelligence over the next three years, even as earnings feel the strain. In its latest results, heavy investment in AI and cloud infrastructure pressured profit, but the company insists market leadership matters more than margins as AI demand accelerates for its Cloud Intelligence Group.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Nebius AI cloud revenue nearly eightfold as demand for infrastructure surges

Nebius AI cloud revenue nearly eightfold as demand for infrastructure surges

Nebius Group says revenue jumped to $399 million, nearly eight times higher, as demand for AI infrastructure and cloud services accelerates. The company is pouring money into GPUs and data center technology, betting on rapid capacity expansion. Analysts expect stronger data center growth, but warn that heavy capital spending could pressure profit margins even as shares rally.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Alibaba revenue rises as cloud and AI surge but global e commerce drags results

Alibaba revenue rises as cloud and AI surge but global e commerce drags results

Alibaba’s quarterly revenue rose 3%, powered by strong cloud and AI demand, while its China e-commerce segment got a boost from government subsidies. Even as macro headwinds lingered, the company’s enterprise AI platform showed promise. However, revenue narrowly missed expectations overall because international e-commerce underperformed, despite cloud revenue exceeding forecasts.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Alphabet surges toward world top spot as AI dominance reshapes tech rankings

Alphabet surges toward world top spot as AI dominance reshapes tech rankings

Alphabet is rapidly closing the gap with Nvidia as investors increasingly see the Google parent as the next global tech giant. Its AI strength spans search, cloud services, and internally built models, creating growth momentum even as the market values diversification. That broader footprint is positioning Alphabet to challenge Nvidia’s current dominance in AI-driven valuation.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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NEDFi partners with Veefin to launch cloud digital lending across Northeast India

NEDFi partners with Veefin to launch cloud digital lending across Northeast India

NEDFi has partnered with Veefin Solutions to roll out a multi-year, cloud-hosted digital lending ecosystem across Northeast India. The system will cover loan origination, management, and collections, supported by mobile apps and a customer portal. The goal is to improve credit access for entrepreneurs in remote areas while enabling NEDFi to expand its financial product offerings.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Tech giants turn to debt to keep AI and cloud spending accelerating

Tech giants turn to debt to keep AI and cloud spending accelerating

Alphabet, Amazon, Microsoft and Meta are signaling that AI spending won’t slow, with their combined budgets now projected to top $700 billion this year. To sustain the push for AI and cloud expansion, more tech companies are tapping debt markets—potentially changing how they finance next-stage infrastructure growth amid rising demand.

Summarised by Beize from a story on The Economic Times on 11 May 2026
AI cloud and cybersecurity reshape India IT hiring as employers shift from volume to skills

AI cloud and cybersecurity reshape India IT hiring as employers shift from volume to skills

India’s IT hiring is undergoing a structural shift toward value-led recruitment, not mass hiring. A foundit IT Trends report says AI/ML, cloud, and cybersecurity now drive about 65% of tech demand. Skill-based hiring is set to exceed 70% adoption, with Tier II cities nearing 40% of incremental roles. GCCs will add around 132,000 jobs in 2026.

Summarised by Beize from a story on YourStory on 8 May 2026
IBM and Yotta unveil agentic AI built for Indian sovereignty data residency and compliance

IBM and Yotta unveil agentic AI built for Indian sovereignty data residency and compliance

IBM and Yotta announced a partnership to deliver an agentic AI platform for enterprises and government in India. The solution will run IBM watsonx Orchestrate on Yotta’s Shakti Cloud and integrate IBM Sovereign Core for “sovereign” operations. It targets regulated rollout by providing continuous compliance monitoring, audit-ready evidence, and governed AI execution across business workflows.

Summarised by Beize from a story on IndianWeb2 on 7 May 2026

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Braintrust confirms breach and orders all customers to rotate sensitive API keys immediately

Braintrust confirms breach and orders all customers to rotate sensitive API keys immediately

AI evaluation startup Braintrust says hackers broke into an Amazon cloud environment tied to its systems. In breach notifications to customers, the company is urging immediate action: rotate sensitive API keys to reduce the risk of further misuse. The incident highlights how even tools supporting AI development can become targets for attackers seeking access credentials.

Summarised by Beize from a story on TechCrunch on 6 May 2026
Is Alphabet overtaking Nvidia The AI chip kings reign is under threat

Is Alphabet overtaking Nvidia The AI chip kings reign is under threat

Alphabet is closing in on Nvidia as the world’s most valuable company, driven by rapid growth in its cloud and AI businesses. Now, the threat looks bigger: Alphabet is developing its own AI chips that could challenge Nvidia’s dominance in the data center. With Big Tech racing to build AI infrastructure, investors are closely tracking who wins the next compute cycle.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Alphabet surges toward Nvidia valuation as AI bet and cloud profits spark a No 1 chase

Alphabet surges toward Nvidia valuation as AI bet and cloud profits spark a No 1 chase

Alphabet is closing the gap on Nvidia’s valuation after a sharp rally powered by AI momentum and a strong cloud business. The jump puts Google’s parent company in position to reclaim the No 1 spot, signaling growing investor confidence in its ongoing AI investments and the push toward custom chip development.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Krutrim pivots to cloud services after layoffs exposing the hard economics of building GenAI models

Krutrim pivots to cloud services after layoffs exposing the hard economics of building GenAI models

Krutrim, often billed as India’s first GenAI unicorn, is shifting its focus toward cloud services after layoffs and slower product development. The move highlights the gap between ambitious AI model plans and the real cost, time, and market readiness needed to sustain cutting-edge GenAI in India.

Summarised by Beize from a story on TechCrunch on 5 May 2026

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AI billion dollar deals are feeding the same circle and raising bubble fears

AI billion dollar deals are feeding the same circle and raising bubble fears

Google and Amazon are pouring billions into AI rivals such as Anthropic, fueling a “circular capitalism” loop where firms finance each other’s cloud and chip purchases. The appetite for AI is real, but opaque deal structures blur the line between value creation and financial engineering, reviving concerns that today’s AI surge could resemble past bubbles.

Summarised by Beize from a story on The Economic Times on 3 May 2026
AI coding tools are getting breached by stolen credentials, not broken models, as six new exploits emerge

AI coding tools are getting breached by stolen credentials, not broken models, as six new exploits emerge

A new round of disclosures shows AI coding agents are failing at one core security principle: broken access control via credentials. Exploits across Codex, Claude Code, Copilot, and Vertex AI repeatedly steal OAuth or service-account tokens, then act in production without a human session binding the request. Researchers warn defenders focused on CVEs while attackers target runtime identities.

Summarised by Beize from a story on Venture Beat on 30 Apr 2026
Seagate stock surges 130% as AI data center demand lifts margins fast

Seagate stock surges 130% as AI data center demand lifts margins fast

Seagate Technology’s STX shares have climbed roughly 130% this year, a move analysts attribute to its role in AI infrastructure. As hyperscalers expand cloud and AI workloads, they’re snapping up high-capacity storage to handle data-heavy operations. That surge in data center demand is improving Seagate’s margins and keeping the momentum strong.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Alphabet shares jump as profit and revenue surge fueled by AI and cloud demand

Alphabet shares jump as profit and revenue surge fueled by AI and cloud demand

Alphabet’s results sparked a rally, pushing Google parent shares higher in extended trading. The company reported about $62.6 billion profit and nearly $110 billion revenue, driven by AI-focused spending, rising cloud demand, and partnership momentum. Still, investors are zeroing in on future costs, AI and cloud capacity constraints, and competitive pressure across the market.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026

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Microsoft cloud revenue jumps as spending cools and AI investment bets pay off for investors

Microsoft cloud revenue jumps as spending cools and AI investment bets pay off for investors

Microsoft’s cloud revenue rose in the March quarter, while infrastructure spending landed below expectations. The mix is aimed at easing investor concerns over the company’s heavy AI spending. Microsoft is also pushing new AI offerings and partnerships to strengthen its position in the cloud race as peers intensify their AI infrastructure buildouts.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
AWS launches new OpenAI model and agent offerings just days after exclusivity shifts

AWS launches new OpenAI model and agent offerings just days after exclusivity shifts

A day after OpenAI won an agreement with Microsoft to end exclusive rights, AWS moved fast. The cloud giant announced a new slate of OpenAI offerings on AWS, including upgraded model options and a new agent service. The timing suggests a rapid push to broaden access and capture demand as the exclusivity era unwinds.

Summarised by Beize from a story on TechCrunch on 28 Apr 2026
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