Now Reading: AI demand expands beyond hyperscalers, India office leasing rises
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AI demand expands beyond hyperscalers, India office leasing rises
AI demand expands beyond hyperscalers, India office leasing rises
India’s office market is drawing a new wave of demand from mid-sized global companies and smaller Global Capability Centres (GCCs) driven by artificial intelligence, Embassy REIT chief Amit Shetty said. AI-related organisations…
The Story in Brief
India’s office market is drawing a new wave of demand from mid-sized global companies and smaller Global Capability Centres (GCCs) driven by artificial intelligence, Embassy REIT chief Amit Shetty said. AI-related organisations accounted for 21 per cent of Embassy’s leasing in the June quarter, with 86 per cent of space taken by new entrants. Around 250,000 people now form India’s AI and machine-learning workforce, he added.
Separately, a Goldman Sachs research report said AI infrastructure investment is broadening beyond hyperscalers, with enterprise adoption and sovereign AI initiatives in Saudi Arabia, Croatia and Indonesia gaining pace. The report highlighted neocloud GPU backstop programmes and projects such as Meta and BlackRock’s 1 GW data centre in Texas. Together, the trends point to widening AI demand both globally and in India.
The Indian Opinion
The hype that AI will only destroy jobs ignores what is already happening on the ground. Embassy REIT’s data shows AI is creating real estate demand from mid-sized firms and new GCCs, while Goldman Sachs points to sovereign investment beyond big tech. The test will be whether this leasing translates into durable employment for India’s 250,000 AI workforce, or remains a short-term boom tied to global capital flows.
Sources (2): livemint.com, thehindubusinessline.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
