Indian IT Faces Workforce Shift as AI Boosts Revenues

Artificial intelligence is reshaping the technology sector with both opportunities and challenges. Indian IT firms like Hexaware and HCL Technologies anticipate AI will compress some traditional IT operations and software development roles, but also unlock new revenue streams, especially in data-related services, with only minor workforce reshuffling expected amid a global talent shortage. In the U.S., President Trump is actively promoting America’s leadership in AI through a federal action plan involving 90 policy measures to accelerate innovation and infrastructure development, following significant private sector investments announced at a recent AI summit. Experts like Tristan Harris caution that while the AI race is intense, companies must consider the societal and workforce impacts of rapid AI advancements. Meanwhile, major tech companies such as Google are massively increasing capital expenditures on data centers and hardware to support AI growth, marking a departure from their historically measured spending, though investors remain cautiously optimistic about the return on these substantial investments. This dynamic illustrates a global surge in AI development, balancing rapid expansion with careful attention to economic and ethical implications.