Argentina’s Globant launches Glob.AI platform with AI Pods — Buenos Aires Times
Argentine software development company Globant has launched the Glob.AI platform, which gives clients access to AI Pods—artificial intelligence agents operating under engineers’ supervision. The company expects the new direction to help restructure its business after losing about 80% of its market capitalization since the beginning of 2025, Buenos Aires Times reports.
New business direction
According to Globant, AI Pods can complete consulting tasks that previously took nearly two months in a matter of days. The company’s chief executive officer, Martín Migoya, believes that technology giants’ investments in artificial intelligence infrastructure will eventually increase spending in other segments of the ecosystem, including on Globant’s services.
Traditional services currently generate the overwhelming majority of the company’s revenue, but Globant aims to gradually shift its business to the new model. The company estimates that by the end of the year, its AI segment will account for 4% to 6% of revenue. To lead this initiative, Globant appointed former Amazon Web Services executive Sarab Narang.
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Pressure on shares and analysts’ estimates
Globant was founded in Buenos Aires in 2003, and in 2014 it became the first Latin American software company to list on the New York Stock Exchange. The company develops software and digital products, including for Walt Disney, which accounts for nearly 10% of its revenue. Clients in North America generate about half of Globant’s sales.
Since February 2025, Globant’s shares have fallen sharply, while its market value has declined from $13 billion at the end of 2021 to less than $2 billion. In August, the company lowered its annual revenue forecast after reporting second-quarter results. Among the factors, it cited adaptation to AI, project delays in the Middle East due to the war in Iran, and rising labor costs resulting from stronger Latin American currencies.
Morgan Stanley analysts see the possibility of the company’s recovery and expect AI services to account for 20% of its business by the end of the decade. At the same time, Wedbush analyst Steven Vahrhaftig cut Globant’s share price target from $54 to $37, citing the risk that its traditional business will shrink faster than AI Pods can offset the losses.
