Tuesday, August 11, 2026

How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic work (Financial Times)

Financial Times:
How India's IT services sector, which employs 6M people, contributes ~7% of GDP, and generates $300B+ annually, is shedding jobs as AI automates formulaic work  —  It was around 1.30am by the time Rakesh, a 45-year-old Oracle employee in the Indian technology hub of Bengaluru …



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EU Commission President Ursula von der Leyen calls AI "the second tipping point of our times", alongside climate change, and says its risks must be "addressed" (Financial Times)

Financial Times : EU Commission President Ursula von der Leyen calls AI “the second tipping point of our times”, alongside climate change...