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AI upends software economics, raises ‘SaaSpocalypse’ concerns

BENGALURU: A sharp selloff in global software stocks over the past month has reignited a basic question for founders, investors and customers alike: what happens to the economics of software-as-a-service when AI makes building and maintaining software dramatically cheaper?Advances in GenAI, autonomous agents and AI-assisted coding are forcing a rethink of long-held assumptions about SaaS…

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Stocks, metals bleed on weak economic data

MUMBAI: A series of disappointing economic data from around the world, along with Anthropic’s launch of a new AI-tool that could threaten established businesses of several software services companies across the world, have pushed most of the leading global equity indices into the red zone. Ongoing geopolitical uncertainties are also adding to investors’ anxiety. And…

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Wipro sounds out graduates for full-time positions

BENGALURU: Wipro has emailed fresh graduates hired under its Work Integrated Learning Programme (WILP), asking whether they would like to transition to regular employment. People aware of developments attributed the move to urgent project ramp-ups, prompting the company to onboard talent sooner.WILP offers fresh BCA and BSc graduates an opportunity to begin their careers while…

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LIC eyes higher yields from real estate

MUMBAI: Life Insurance Corporation will soon take measures to increase the yield on its real estate assets, which have a book value of Rs 16,000 crore post-revaluation and a market value of over Rs 45,000 crore. Officials said that while real estate typically yields 3-4%, the capital gains are much higher. The corporation has also…

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