Sridhar Vembu warns that the IT industry's shift to AI and data costs hampers job creation and questions software production needs.

Sridhar Vembu said AI and data centre costs had slowed new hiring across India’s IT sector. | Trending

Zoho's Sridhar Vembu highlights India's struggle to generate jobs for its youth, attributing reduced IT hiring to increased spending on artificial intelligence and data centers.

Zoho Corporation's founder notes IT job growth is slowing significantly. Funds are now diverted to rising artificial intelligence and data centre expenses. Enterprise customers…