IT stocks, including Infosys and TCS, surged up to 4% on Friday, driven by Wipro’s expanded partnership with ServiceNow to scale AI workflows. This collaboration aims to integrate Wipro Intelligence with ServiceNow’s AI Platform, streamlining enterprise operations and accelerating AI adoption. The move boosted investor confidence in Indian IT companies, despite earlier concerns about AI advancements.
Jane Street, TSMC-linked AI startup Etched raises $800 million
AI chip challenger Etched has secured a massive $800 million in funding, with backing from industry heavyweights like Jane Street and a firm linked to