As AI evolves, IT firms see slowdown in mega deals

IT services firms are struggling as low discretionary spending and hesitancy in adopting large-scale AI implementation is hitting mega deals. Analysts say that businesses remain uncertain about the rapidly evolving technology landscape.

A mid-sized IT services CEO said they are observing that the large deals are being put on hold as companies remain in a “wait and watch” mode regarding the return on investment (RoI) on AI projects.