BlockBeats News, July 12th, according to Reuters, two senior executives from Tata Consultancy Services (TCS) stated that the company is building a frontline AI deployment engineering team with a scale of up to 8,900 people and actively seeking acquisition opportunities in the AI field. The company believes that artificial intelligence will create new business opportunities rather than weaken its traditional IT outsourcing business.
Against the backdrop of this strategy, investors are concerned that AI may impact India's $315 billion IT services industry. The market widely believes that AI may reduce the demand for engineering teams in enterprises, shorten project delivery cycles, and, in situations where clients require to share the productivity gains brought by AI, further squeeze service prices and profit margins.
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