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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Tech Mahindra CEO Mohit Joshi says IT firms are overpromising when it comes to AI. He may be right.
Earlier this week, Tech Mahindra chief executive Mohit Joshi said that IT companies are promising 70-80% productivity gains from artificial intelligence in five years to their clients and that this is an unsustainable and “dangerous bet” that is “in the realms of fantasy”. Joshi’s comments come just as a number of IT services firms in India are releasing their first-quarter results and reiterating their commitment to making AI investments.
For instance, C. Vijayakumar, managing director and CEO of HCLTech, said recently that “given the growth momentum we are currently enjoying, we accelerated and pulled forward some of our generative AI …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
