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AI

Snowflake to expand talent base, mulls R&D center in India


The services industry is going through a major change that will define their future even as roles within organisations such as engineers and salespersons need to be reimagined at the back of AI, said Sridhar Ramaswamy, CEO, Snowflake, an AI data cloud company.

Ramaswamy, who spoke at the global virtual media round table that ET was a part of before the annual Snowflake Summit on June 3, said that it is clear that AI represents a new way for companies to think about how different functions operate in a company.

“We are reimagining what it looks like…



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by The Economic Times

IBM said Tuesday that it planned to cut thousands of workers as it shifts its focus to higher-growth businesses in artificial intelligence consulting and software. The company did not specify how many workers would be affected, but said in a statement the layoffs would “impact a low single-digit percentage of our global workforce.” The company had 270,000 employees at the end of last year. The number of workers in the United States is expected to remain flat despite some cuts, a spokesperson added in the statement. A massive supplier of technology to… Source link

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by The Economic Times

The number of Indian startups entering famed US accelerator and investor Y Combinator’s startup programme might have dwindled to just one in 2025, down from the high of 2021, when 64 were selected. But not so for Indian investors, who are queuing up to find the next big thing in AI by relying on shortlists made by YC to help them filter their investments. In 2025, Indian investors have invested in close to 10 Y Combinator (YC) AI startups in the US. These include Tesora AI, CodeAnt, Alter AI and Frizzle, all with Indian-origin founders but based in… Source link

by Techcrunch

Lovable, the Stockholm-based AI coding platform, is closing in on 8 million users, CEO Anton Osika told this editor during a sit-down on Monday, a major jump from the 2.3 million active users number the company shared in July. Osika said the company — which was founded almost exactly one year ago — is also seeing “100,000 new products built on Lovable every single day.” Source link