JP Morgan: AI a Tool, Not a Threat to India IT Services

• JP Morgan report states AI will not eliminate IT services, but act as a tool to address more work within the same budget.
• The report, "India IT Services: Looking through the AI fog 2," argues AI will create new work areas, not shrink opportunities for IT vendors.
• Emerging demands include modernising legacy code, building AI agents, ensuring AI trust, and integrating physical AI systems.
• Enterprise tech teams will use AI to expand output within budgets, not replace service providers.
• JP Morgan cautions against the simplistic assumption that AI can automatically replace enterprise-grade software and integration capabilities provided by IT services firms.