Infosys says AI will not replace IT services firms, sees up to $400 billion market by 2030

Infosys Chairman Nandan Nilekani said artificial intelligence will not replace IT services companies and said the technology is creating demand for modernisation and integration work across enterprises.

Speaking at the company’s 45th annual general meeting, Nilekani addressed concerns over the impact of AI on the sector and said Infosys remained “more relevant than ever before” more than three years after the launch of generative AI.

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