<p>Blackrock plans to hire nearly 1,200 people to expand its two support hubs in <a href="https://www.deccanherald.com/tags/india">India</a>, <em>Bloomberg News</em> reported on Tuesday, citing people familiar with the matter.</p>.<p>The world's largest asset manager wants to build out its artificial intelligence capabilities in India with the expansion, the report added.</p>.<p>The iHubs, as the centers are known, are in the country's financial hub Mumbai and Gurugram, which is near the national capital New Delhi.</p>.Google parent Alphabet plans $75 billion capital expenditures this year, misses on cloud revenue.<p>The new hires will increase total headcount to roughly 3,500 in the two cities, and include more engineers and data experts, according to the report.</p>.<p>Blackrock is also inheriting a so-called global capabilities center in India's IT hub Bengaluru, through its proposed deal to acquire data provider Preqin, Bloomberg reported. That center will have roughly 1,500 staff members.</p>.<p>Blackrock did not immediately respond to a <em>Reuters</em> request for comment.</p>
<p>Blackrock plans to hire nearly 1,200 people to expand its two support hubs in <a href="https://www.deccanherald.com/tags/india">India</a>, <em>Bloomberg News</em> reported on Tuesday, citing people familiar with the matter.</p>.<p>The world's largest asset manager wants to build out its artificial intelligence capabilities in India with the expansion, the report added.</p>.<p>The iHubs, as the centers are known, are in the country's financial hub Mumbai and Gurugram, which is near the national capital New Delhi.</p>.Google parent Alphabet plans $75 billion capital expenditures this year, misses on cloud revenue.<p>The new hires will increase total headcount to roughly 3,500 in the two cities, and include more engineers and data experts, according to the report.</p>.<p>Blackrock is also inheriting a so-called global capabilities center in India's IT hub Bengaluru, through its proposed deal to acquire data provider Preqin, Bloomberg reported. That center will have roughly 1,500 staff members.</p>.<p>Blackrock did not immediately respond to a <em>Reuters</em> request for comment.</p>