Indian IT outsourcing firms face challenges due to slow generative AI progress, risking appearing outdated as global investors focus on AI.
Indian IT outsourcing firms like Tata Consultancy Services face challenges due to limited progress in generative AI, leading to concerns they may appear as outdated tech bets as global investors focus on AI. A BSE Ltd. gauge of Indian software stocks shows a technical correction, as tech giants such as Microsoft and Alphabet invest heavily in AI and cloud offerings, potentially leaving India's software makers at risk.
May 17, 2024
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