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Indian IT ‘Should Be Paranoid’ About AI & Ditch its 30-Year-Old Business Model
- Indian IT giants like TCS, Infosys, HCLTech, and Wipro have focused on AI adoption rather than building foundational models, but the landscape is changing.
- HCLTech CEO emphasized that AI's disruption in IT services requires a proactive approach to create new businesses.
- Generative AI is set to accelerate software development and reduce project timelines significantly.
- India needs to invest in indigenous language models to avoid over-reliance on foreign AI infrastructure.
- Industry experts stress the need for India to build its own AI models to stay competitive.
- Infosys CEO calls for agility and proactive strategies to navigate AI-driven transformations.
- There is concern that AI tools could threaten Indian IT employees due to a lack of scalable coders.
- The Indian IT industry needs to shift from input-based to more platform-based models for service delivery.
- While some IT firms have started developing AI frameworks, they are largely client-focused rather than prioritizing foundational technologies.
- Indian IT companies are urged to rethink their business models and focus on building foundational AI technologies for future competitiveness.
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