Wipro’s Hari Shetty says AI is an opportunity, not a threat

BENGALURU: India’s Wipro expects rapid AI adoption to boost rather than shrink demand for software service providers, a top executive said, countering concerns that the technology threatens the industry’s outsourcing model.

The $283 billion sector has been hit by a sharp market selloff amid investor fears that AI tools could ‌upend its traditional, ⁠labour-intensive operating ⁠model.

“When you look at the entire gamut of things that’s possible, it really appears like a large opportunity for us,” Chief Strategist and Technology Officer Hari Shetty said in an interview, adding that he expected AI to create more jobs than it displaces.