AI Volatility: Opportunity for IT Services, Says Happiest Minds' Ashok Soota

• Ashok Soota, Chairman of Happiest Minds Technologies, views the recent global IT stock rout due to AI fears as an opportunity, not a threat.
• Indian IT stocks faced sharp selling after AI startup Anthropic unveiled new enterprise capabilities for its Claude platform.
• Investors are concerned that AI-led automation might compress timelines and reduce reliance on traditional services models.
• Soota argues that while AI platforms may lower software entry barriers, they increase the need for IT services firms for integration, governance, and managed services.
• He draws parallels with past disruptions like SaaS and cloud computing, stating that major tech shifts historically expand IT services scope.