StratRadar

What companies are actually saying about AI — on the record, with the receipts.

StratRadar reads every earnings call and filing across 109 Indian and global companies and turns what management said about AI into a source-linked view for people deciding how AI reshapes their investments.

109
companies covered
67 + 42
India + global
1,064
cited excerpts
123
dependency links
4
quarters each
A look inside

One read on where each company really stands on AI

PAYTMOne97 Communications (Paytm)IndiaConsumer
The most AI-voluble consumer fintech in the cohort, founder-led from the opening remarks.
“On the financial services side, as all of you probably appreciate by now, merchant lending has been fantastic with our partners and really been a star. we run that…”e01
4 quarters · 12 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
BAJFINANCEBajaj FinanceIndiaBanking & finance
The most explicit, most quantified AI programme of any lender in the set.
“I'm on Panel 9. The company -- I mean, the biggest part of AI is about whether you have the talent or not. We have 203 people in the firm who are dedicated as the AI…”e01
4 quarters · 9 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
TCSTata Consultancy ServicesIndiaTech
The most capital-backed AI transformation in Indian IT — and the only major disclosing a hard AI-revenue line.
“spend is clustering around three themes: AI-led business transformation, AI-enabled SDLC/IT-Ops and data-platform modernization that sets the foundation for Agentic AI…”e01
4 quarters · 18 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
IXIGOLe Travenues Technology (ixigo)IndiaConsumer
The most explicitly AI-native management team in the cohort.
“our journey with Agentic AI started as early as 2017. When we introduced our travel assistant and recommendation agent, better known as TARA today, an award-winning…”e01
4 quarters · 16 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
HDFCBANKHDFC BankIndiaBanking & finance
Said almost nothing on AI for three straight quarters — the silence is itself a finding.
“We continue to invest in technology, not just in core platforms and middlewares which will bring about a lot of stability and scalability in availability, in resilience…”e02
4 quarters · 3 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
NVDANVDAGlobalTech
The supply side of the entire global AI buildout — its filings chart the capex tide, quarter by quarter.
“Revenue for the second quarter was $46.7 billion, up 56% from a year ago and up 6% sequentially. Data Center revenue for the second quarter was $41.1 billion, up 56%…”e01
4 quarters · 13 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
MSFTMSFTGlobalTech
An AI business scaling from a standing start to a named run-rate inside a single year.
“Cloud and AI is the driving force of business transformation across every industry and sector,” said Satya Nadella, chairman and chief executive officer of Microsoft.…”e01
4 quarters · 11 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
UBERUBERGlobalConsumer
Filed materials say almost nothing about AI — only two of four releases mention it at all.
“growth kicked into high gear in Q3, marking one of the largest trip-volume increases in the company’s history,” said Dara Khosrowshahi, CEO. “We’re building on that…”e01
4 quarters · 2 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
UPSTUPSTGlobalBanking & finance
The purest AI-native lender here — every release opens by calling itself an AI lending platform.
“Upstart (NASDAQ: UPST) is the leading AI lending marketplace, connecting millions of consumers to more than 100 banks and credit unions that leverage Upstart’s AI models…”e01
4 quarters · 9 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
PYPLPYPLGlobalBanking & finance
SEC exhibits carry almost no AI content — a conspicuous near-silence for a payments leader.
“PayPal had a strong second quarter. We delivered another quarter of profitable growth, driven by continued strength across many of our strategic initiatives ranging from…”e01
4 quarters · 5 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
INFYInfosysIndiaTech
Positioning Topaz and Fabric as an enterprise AI operating stack, layered onto every deal.
“We are seeing good demand for AI agents. We have built 300 agents across business operations and IT areas and they are now deployed within our clients. Horizontal and…”e01
4 quarters · 17 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
ETERNALEternal (Zomato)IndiaConsumer
Discloses essentially no AI strategy across four calls — obvious AI surface area, on-record silence.
“Ankur, as we mentioned in the letter, our framework for thinking about capex and net working capital is ROCE and it's a young business. We don't have a playbook for how…”e01
4 quarters · 6 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
AMDAMDGlobalTech
Mid-transition from a diversified compute vendor to an AI-infrastructure supplier, gigawatts committed.
“AMD Reports Second Quarter 2025 Financial Results SANTA CLARA, Calif. ― August 5, 2025 ― AMD (NASDAQ:AMD) today announced financial results for the second quarter of…”e01
4 quarters · 14 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter
SHOPSHOPGlobalConsumer
Almost no operational AI detail in the filed exhibits — the tell is what's left out.
“Shopify Delivers Again as Merchants Clear $100 Billion in Q1 GMV May 5, 2026 - Shopify announced today financial results for the quarter ended March 31, 2026. Shopify…”e01
4 quarters · 4 cited excerpts
Full profile — six dimensions, all evidence, quarter by quarter

These are 14 of 109 companies. The full profiles — six AI dimensions, verbatim evidence, quarter-by-quarter — are behind sign-in.

Keep scrolling — cross-company findings, every sector, and the dependency graph
What the whole corpus says

Findings you only see by reading every call together

Five companies quantify AI revenue. No two use the same definition.

This is the most consequential finding in the dataset, and it is invisible unless you read the sector together. TCS discloses AI services at $2.3bn annualized by Q4 FY26 (up from $1.8bn and +17.3% QoQ constant-currency in Q3), scoped by…

Custom silicon has reached gigawatt scale — and NVIDIA's filings never mention it

The counterweight to NVIDIA moved from experiment to committed capacity inside this corpus's window. AMD's filed releases disclose a 6 GW Instinct commitment from Meta anchored by a custom MI450-based GPU, a 6 GW OpenAI arrangement, an…

The silence is a finding: large operators with obvious AI surface area said nothing at all

Because this dataset covers every company in scope rather than only the ones with an AI story, it captures the negative space — and the negative space is informative. Swiggy, running food delivery and quick commerce with enormous routing,…

The banks are building in-house — which is a direct threat to the IT vendors selling to them

The most under-appreciated cross-sector read-through in this dataset runs from the banking profiles back to the IT services profiles, and it is only visible when both are read together. HDFC Bank's CEO described creating in-house a unified…

AI workforce reduction has moved from euphemism to filed exhibit

The India synthesis tracked the pyramid breaking through hiring numbers; the global filings now say it outright. Intuit filed an employee memo as an SEC exhibit — the same day as its earnings release — announcing a roughly 17% full-time…

Agentic commerce: everyone names it, almost no one numbers it

Across the commerce and payments segments, agentic commerce is the most-named and least-quantified theme in the corpus. Visa's CEO quotes pair 'AI and stablecoins' in three of four quarters; Mastercard names Agent Pay in three of four;…

Browse the coverage

Every sector, both markets

Each sector opens the filtered directory — behind sign-in.

Why you can trust it

Built to be checked, not taken on faith

Read from the primary record

Every profile is built from what management actually said on earnings calls and in SEC filings — not headlines, not our opinion.

Every claim cites its excerpt

Each statement links to the verbatim quote it came from, with the source document and its exchange timestamp. You can check our work.

Scoping travels with the number

No two companies define “AI revenue” the same way — so every figure carries its own scoping, and we never chart incomparable numbers on one axis.

How every claim is backed — a real evidence recordTCS · e08
“Fourth is the momentum we see in our AI Services, which continued to accelerate impressively, standing at US$2.3 billion on an annualized basis.”
Management, on the record·first public 2026-04-14·See it in context
Who depends on whom

The dependency graph, extracted from the record

IndiaCounterpartiesGlobalAMD supplies OpenAI — AMD will be a core preferred partner deploying 6 gigawatts of AMD GPUs for OpenAI's next-generation AI infrastructure, with the first 1GW of Instinct MI450 GPUs beginning H2 2026.AMZN supplies OpenAI — AWS secured a commitment from OpenAI to consume ~2GW of Trainium capacity for its frontier models, ramping in 2027.CTSH distribution channel for OpenAI — Cognizant named among a select group of partners chosen by OpenAI to scale the impact of Codex across enterprise clients worldwide, while also embedding Codex directly into its own Software Engineering Group workflows.EBAY partners with OpenAI — eBay launched AI Activate in the UK, a program developed with OpenAI giving up to 10,000 small businesses access to AI tools and training.ETSY partners with OpenAI — Etsy signed a partnership with OpenAI enabling US ChatGPT users to discover and purchase Etsy items directly within the ChatGPT interface (ChatGPT Instant Checkout), later referenced as an ongoing integration.HCLTECH partners with OpenAI — HCLTech announced a strategic partnership with OpenAI as one of its first strategic services partners, and deepened the collaboration through OpenAI Codex adoption, becoming one of the first GSIs recognized by OpenAI.INFY partners with OpenAI — Infosys named a strategic collaboration with OpenAI to support clients' software development, legacy modernization and agent building.IXIGO partners with OpenAI — ixigo, ConfirmTkt and AbhiBus shipped live as native apps inside ChatGPT in Q4 FY26, part of ixigo's explicit bet on AI-platform distribution and discovery rather than only defending against AI disintermediation.LTIM deploys product of OpenAI — LTIMindtree's CEO confirmed an internal, previously unannounced center of excellence on OpenAI models.MSFT supplies OpenAI — Under the restructured partnership, OpenAI contracted to purchase an incremental $250B of Azure services; Microsoft gave up its right of first refusal to be OpenAI's compute provider.NOW deploys product of OpenAI — ServiceNow unveiled a collaboration with OpenAI to drive agentic AI experiences across enterprises, enabling direct customer access to frontier model capabilities and custom ServiceNow AI solutions.PYPL partners with OpenAI — PayPal CEO Alex Chriss said the company is building for an agentic future, partnering with leaders such as Google, OpenAI, and Perplexity.SAP partners with OpenAI — SAP and OpenAI announced the launch of OpenAI for Germany, a partnership bringing SAP's enterprise applications expertise and OpenAI's AI technology to Germany's public sector.SNOW distribution channel for OpenAI — Snowflake expanded native access to OpenAI's foundation models within Cortex and deepened its OpenAI partnership to deliver advanced AI capabilities through co-innovation and joint go-to-market efforts.TCS partners with OpenAI — TCS announced a group-wide OpenAI partnership spanning Tata-group ChatGPT Enterprise access, industry-specific agents, joint go-to-market and AI infrastructure (distinct from the separately disclosed HyperVault 100MW build).TCS builds infra for OpenAI — TCS (HyperVault) partnered with OpenAI to build 100 MW of data-centre capacity, with an option to scale to 1 GW.TCSHCLTECHINFYIXIGOLTIMOpenAIAMDAMZNCTSHEBAYETSYMSFTNOWPYPLSAPSNOW
A slice of 123 on-record relationships — the full, filterable graph is inside.

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