TCS CEO on the ‘AI worry and anxiety’ that has wiped billions from stock markets globally, says: It is a …

Tata Consultancy Services CEO K Krithivasan has pushed back on the AI-fuelled panic sweeping through global software stocks, calling the notion that large language models will simply replace enterprise software “a far-fetched thing.” Speaking to Bloomberg, Krithivasan was direct. “Will the whole value chain be replaced by an LLM? That’s not going to happen,” he said. “It’s not that you can just go drop Anthropic in there.” His point: banks, retailers, and telecom companies sit on complex, decades-old systems that won’t be undone by a chatbot upgrade.

He’s far from alone in his scepticism. Nvidia CEO Jensen Huang called the software selloff “the most illogical thing in the world.” Arm CEO Rene Haas waved it off as “micro-hysteria.”