{"id":991762,"date":"2026-02-13T10:46:37","date_gmt":"2026-02-13T05:16:37","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=991762"},"modified":"2026-02-13T10:46:37","modified_gmt":"2026-02-13T05:16:37","slug":"ai-phobia-us-jobs-data-wipe-out-%e2%82%b94-trillion-for-it-shareholders-in-six-weeks","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/02\/13\/ai-phobia-us-jobs-data-wipe-out-%e2%82%b94-trillion-for-it-shareholders-in-six-weeks\/","title":{"rendered":"AI phobia, US jobs data wipe out \u20b94 trillion for IT shareholders in six weeks"},"content":{"rendered":"<p>India\u2019s top six IT services firms shed a staggering \u20b94.14 trillion in market cap since 1 January, as fears of artificial intelligence wiping out top tech projects battered India\u2019s IT outsourcers. Compounding the fear was a high number of new jobs in the US, reported late on Wednesday, which slashed hopes of an early interest rate cut in the US, keeping the cost of doing business high in India\u2019s IT sector\u2019s biggest market.<\/p>\n<p>Tata Consultancy Services (TCS), India\u2019s largest listed technology services firm, lost \u20b91.73 trillion in market cap since 1 January, of which it lost \u20b969,000 crore in just the four days of this week, Bloomberg data showed. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s top six IT services firms shed a staggering \u20b94.14 trillion in market cap since 1 January, as fears of artificial intelligence wiping out top tech projects battered India\u2019s IT outsourcers. Compounding the fear was a high number of new jobs in the US, reported late on Wednesday, which slashed hopes of an early interest rate cut in the US, keeping the cost of doing business high in India\u2019s IT sector\u2019s biggest market. Tata Consultancy Services (TCS), India\u2019s largest listed technology services firm, lost \u20b91.73 trillion in market cap since 1 January, of which it lost \u20b969,000 crore in just [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-991762","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/991762","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\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=991762"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/991762\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=991762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=991762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=991762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}