ChatGPT, other AI models to disrupt Indian IT firms – #ChatGPT #models #disrupt #Indian #firms
10 Feb (Reuters) – Generative artificial intelligence models such as ChatGPT will slow market share growth and pose challenges for Indian IT companies, JPMorgan analysts said on Friday. prices will reduce in the short term.
As generative artificial intelligence becomes more widely adopted, consulting firms such as Accenture and Deloitte will gain market share over Indian IT firms such as Infosys Ltd ( INFY.NS ) and Wipro Ltd ( WIPR.NS ), brokerage analysts said. Note to customers.
They added that generative AI could be a “deflation driver” in legacy services in the near term because they prices competes on, requires retraining of staff and causes loss of competitiveness.
“ChatGPT is likely to disable legacy services the most and application services the least.”
Artificial intelligence company OpenAI’s chatbot from Microsoft Inc ( MSFT.O ) earlier this month 10 billion dollars helped attract investment, wowed hobbyists and industry experts with its ability to mimic human speech, spit out haikus, debug code and answer questions.
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Since then, other big tech companies such as Alphabet Inc ( GOOGL.O ) and China’s Baidu Inc ( 9888.HK ) have rushed to announce their own in-house developments in generative artificial intelligence.
Among Indian IT companies, Infosys and Tata Consultancy Services ( TCS.NS ) can retrain workers faster than their smaller peers thanks to better graduate recruitment and training infrastructure, JPM said.
Reporting by Aniruddha Ghosh in Bengaluru; Edited by Nivedita Bhattacharjee
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2023-02-10 22:24:11
Source – reuters
Translation“24 HOURS”