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Tech Mahindra CEO Mohit Joshi says IT firms are overpromising when it comes to AI. He may be right.

The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
From GPUs to LLMs, India’s AI stack is deeply global—making ‘sovereign AI’ more aspiration than reality.
Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.