{"id":1019135,"date":"2026-07-06T08:41:32","date_gmt":"2026-07-06T03:11:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1019135"},"modified":"2026-07-06T09:06:23","modified_gmt":"2026-07-06T03:36:23","slug":"the-picks-and-shovels-ai-trade-why-domestic-funds-are-backing-these-zero-debt-it-firms","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/06\/the-picks-and-shovels-ai-trade-why-domestic-funds-are-backing-these-zero-debt-it-firms\/","title":{"rendered":"The \u2018picks and shovels\u2019 AI trade: Why domestic funds are backing these zero-debt IT firms"},"content":{"rendered":"<p>Artificial intelligence has triggered the biggest spending wave technology has seen in years. Every large company now wants an AI plan, and money is pouring into chips, data centres and software. But for an investor, the exciting story and the profitable investment are not always the same thing. In a gold rush, the steady money is often made by the people selling picks and shovels, not the ones panning for gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Artificial intelligence has triggered the biggest spending wave technology has seen in years. Every large company now wants an AI plan, and money is pouring into chips, data centres and software. But for an investor, the exciting story and the profitable investment are not always the same thing. In a gold rush, the steady money is often made by the people selling picks and shovels, not the ones panning for gold.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1019135","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1019135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1019135"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1019135\/revisions"}],"predecessor-version":[{"id":1019155,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1019135\/revisions\/1019155"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1019135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1019135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1019135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}