Reported about 9 hours ago
LTIMindtree is significantly investing in its new AI platform, BlueVerse, to assist companies in adopting AI technology amidst a downturn in non-essential spending within India's IT sector. CEO Venugopal Lambu notes a rise in smaller, revenue-generating AI deals but acknowledges challenges in revenue from major clients anticipating savings from AI efficiencies. Despite these transitory operational issues, the company remains optimistic about achieving near double-digit growth by the end of the financial year.
Source: YAHOO