New Delhi, Oct. 29 -- AI companies are spending billions to build computing infrastructure, but Indian IT firms could benefit from a different part of the boom: helping businesses actually use artificial intelligence. Anand Rathi Share and Stock Brokers sees this relatively asset-light model as an opportunity for Indian IT companies, even as the cost of building AI infrastructure raises concerns about financing and future demand.

Anthropic's latest financial performance shows the scale of AI adoption. The company generated $16.3 billion in revenue in the first half of calendar year 2026, 14 times its revenue a year earlier. Adjusted operating profit reached $1.6 billion, compared with a loss of $1.8 billion in the year-ago period, while ...