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Key PlayersNVIDIA, AWS, CoreWeave

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AI and Data Professionals Drive 30% of GCC Tech Hiring as Talent Shortage Intensifies

Global Capability Centres in India are ramping up recruitment for AI and data specialists, with these roles now accounting for 30.3% of tech hiring demand in Q2 FY27. But a severe talent supply gap of 38-42% threatens growth, forcing companies to explore reskilling and internal mobility as alternatives to external recruitment.

Business3 sources

AI and Data Professionals Drive 30% of GCC Tech Hiring as Talent Shortage Intensifies

Business3 sources

Dell Overtakes HPE as On-Prem Server Sales for HPC and AI Surge 20% to $16.5 Billion

Dell has surpassed HPE to become the leading HPC vendor by revenue, capturing 24% market share with $4.2 billion in the first half of 2026. The on-premises HPC and AI-for-Science server market reached $16.5 billion, up 19.9% year-over-year, driven by AI processing demands and costly GPU components despite unit shipments rising only 4.4%.

Business2 sources

Dell Overtakes HPE as On-Prem Server Sales for HPC and AI Surge 20% to $16.5 Billion

Business2 sources

Google Commits $15 Billion to Build AI Data Centres in Malaysia, Creating 9,000 Jobs

Google announced a $15 billion investment in Malaysia over 2027-2028 to build AI-focused data centers, expanding its earlier $2 billion commitment. The facilities will support AI services like chatbots and image generators while promising energy efficiency and clean energy capacity additions. However, concerns mount as data centers are projected to consume one-third of Malaysia's energy by 2035.

Business3 sources

Google Commits $15 Billion to Build AI Data Centres in Malaysia, Creating 9,000 Jobs

Business3 sources

Kyndryl Shares Surge 30% as AI Modernization and Hyperscaler Revenue Drive Q2 FY27 Earnings Beat

Kyndryl reported Q2 FY27 earnings with $3.9B revenue and 30% stock surge. The company's hyperscaler-related revenue topped $500M with 27.2% year-over-year growth, while AI modernization services and Kyndryl Consult drove margin expansion despite modest revenue decline.

Business3 sources

Kyndryl Shares Surge 30% as AI Modernization and Hyperscaler Revenue Drive Q2 FY27 Earnings Beat

Business3 sources

Parsec Founders Raise $8.75M From a16z to Give AI Agents Their Own Remote Workstations

Phaze, founded by the team behind remote desktop firm Parsec Technologies, has raised $8.75 million in seed funding led by Andreessen Horowitz. The Utah-based startup lets employees and AI agents share powerful remote workstations, solving the problem of expensive hardware sitting idle and agents hijacking workers' screens during automation tasks.

Technology2 sources

Parsec Founders Raise $8.75M From a16z to Give AI Agents Their Own Remote Workstations

Technology2 sources

Pliant Raises $80 Million Series C to Open B2B Payments to AI Agents

Berlin-based fintech Pliant has secured $80 million in Series C funding to integrate AI agents into its B2B payments platform. Led by Seaya Nova and Speedinvest, the round will fuel North American expansion and AI development as the company surpasses $100 million in annual recurring revenue.

Startups2 sources

Pliant Raises $80 Million Series C to Open B2B Payments to AI Agents

Startups2 sources

Arista Networks Posts Record 59% Revenue Growth as AI Networking Takes Center Stage

Arista Networks delivered its strongest quarterly performance ever with $3.66 billion in Q3 revenue, up 59% year-over-year. CEO Jayshree Ullal highlighted a fundamental industry shift from compute-centric to network-centric AI architectures, as companies recognize networking's critical role in maximizing GPU utilization and reducing cost per token in AI operations.

Business2 sources

Arista Networks Posts Record 59% Revenue Growth as AI Networking Takes Center Stage

Business2 sources

Arm Holdings Beats Revenue Estimates as AI Demand and Data Center Growth Offset Smartphone Weakness

Arm Holdings reported second-quarter revenue of $1.44 billion, surpassing analyst estimates as AI demand and data center deployments drove licensing revenue to $773 million. The company raised its AGI CPU sales target to $2 billion across fiscal 2027-2028, though royalty growth slowed to 8% amid smartphone market weakness.

Business7 sources

Arm Holdings Beats Revenue Estimates as AI Demand and Data Center Growth Offset Smartphone Weakness

Business7 sources

OpenAI Acquires Pierre Computer to Integrate Code Storage Into Codex and Challenge GitHub

OpenAI is acquiring Pierre Computer to integrate its Code.Storage infrastructure into Codex, moving beyond code generation into software management. The deal positions OpenAI's AI-powered programming tool as a challenger to Microsoft's GitHub as AI agents increasingly handle coding work at scale.

Technology7 sources

OpenAI Acquires Pierre Computer to Integrate Code Storage Into Codex and Challenge GitHub

Technology7 sources

Apple Cuts Employee AI Spending Budget by 33% as New CEO Pushes Cost-Cutting Measures

Apple has reduced daily AI spending caps for engineers from $300 to $200, with plans to cut further to $100. Non-engineering teams could see limits drop to $25 per day. The move comes as new CEO John Ternus pushes for operational efficiency, despite R&D costs rising 32% in fiscal 2026.

Business20 sources

Apple Cuts Employee AI Spending Budget by 33% as New CEO Pushes Cost-Cutting Measures

Business20 sources

Navitas Semiconductor Stock Surges as AI Infrastructure Business Set to Triple in 2027

Navitas Semiconductor shares jumped after reporting Q3 revenue of $13.99 million, beating estimates, and forecasting AI infrastructure to account for over 40% of total revenue by end of 2026. CEO Chris Allexandre expects the AI infrastructure business to triple in 2027, driven by partnerships with NVIDIA and expanding high-power solutions.

Business2 sources

Navitas Semiconductor Stock Surges as AI Infrastructure Business Set to Triple in 2027

Business2 sources

Solstice Advanced Materials Raises Annual Forecast as AI-Driven Demand Fuels 31% Sales Surge

Solstice Advanced Materials has raised its full-year profit and sales forecasts following a strong third quarter powered by AI infrastructure investments. The specialty materials maker saw electronic materials sales jump 31% to $135 million, while data center cooling applications drove refrigerants revenue up 8.3% to $433 million.

Business2 sources

Solstice Advanced Materials Raises Annual Forecast as AI-Driven Demand Fuels 31% Sales Surge

Business2 sources

Shopify Earnings Miss Forecasts as AI Costs Squeeze Margins, Shares Fall 8.7%

Shopify reported its first revenue miss since 2022, with Q3 revenue reaching $3.74bn against expected $3.75bn. The shortfall came as AI compute costs for its Sidekick assistant compressed subscription revenue margins, pushing shares down 8.7% despite strong profit growth and expectations for AI-assisted shopping to go mainstream.

Business2 sources

Shopify Earnings Miss Forecasts as AI Costs Squeeze Margins, Shares Fall 8.7%

Business2 sources

NPCI Forms AI and Blockchain Unit to Push Beyond Payments with NPCI Tech Solutions Limited

India's National Payments Corporation of India (NPCI) has established a wholly owned subsidiary, NPCI Tech Solutions Limited (NTSL), to focus on AI and blockchain technologies. Led by Vishal Kanvaty as MD and CEO, the new technology and innovation arm will build capabilities beyond NPCI's core payments mandate, targeting digital financial infrastructure and emerging technologies.

Business4 sources

NPCI Forms AI and Blockchain Unit to Push Beyond Payments with NPCI Tech Solutions Limited

Business4 sources

Traversal Raises $120M at $1B Valuation for AI Agents That Fix Software Failures

New York-based Traversal has raised $120 million in Series B funding at a $1 billion valuation, with backing from Kleiner Perkins, Redpoint Ventures and Khosla Ventures. The startup's AI agents automate site reliability engineering tasks, helping companies like PepsiCo and Nubank diagnose and fix software failures. Traversal reports nine-times revenue growth this year as enterprises struggle with AI-generated code complexity.

Startups2 sources

Traversal Raises $120M at $1B Valuation for AI Agents That Fix Software Failures

Startups2 sources

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