Infosys chairman Nandan Nilekani to shareholders: AI will not replace companies like ours

Infosys Chairman Nandan Nilekani reassured shareholders that AI will amplify, not replace, companies like Infosys, highlighting the firm’s readiness to capitalize on a $300-400 billion AI opportunity by 2030. He emphasized the critical need for enterprise-grade AI integration with existing systems. CEO Salil Parekh noted strong AI deal pipelines, as the Indian IT sector’s market share on the Nifty 50 index hits a record low due to AI disruption fears.