The Economic Times

As AI panic grips IT services stocks, Anand Mahindra weighs in on possible impact scenarios, cites famous Mark Twain quote: 'Reports of my death are greatly exaggerated'

Markets reacted to a fictional AI scenario predicting cheap software production, causing IT sector jitters. Anand Mahindra offered a balanced perspective, suggesting AI will pressure service providers but elevate capable firms. He emphasized that while AI drives efficiency, complex needs like data security and integration will ensure IT services remain crucial.