LTIMindtree CEO: AI Fears 'Overblown,' No Structural Decline in IT Industry

• LTIMindtree CEO Venu Lambu dismisses fears of AI causing a structural slowdown in the IT industry, calling them "overblown or exaggerated."
• Lambu believes AI will reshape services but sees larger opportunities in building new capabilities around AI platforms, tools, and models.
• He compares the current transition to previous technology shifts, noting the accelerated pace of innovation today.
• Near-term, AI-driven productivity gains are leading to revenue adjustments, especially with large clients adopting AI faster.
• Lambu highlights a significant lag between AI capability growth and enterprise adoption due to data readiness and infrastructure challenges, providing a buffer for service providers.