Mumbai, February 25: In a bold stance amid swirling uncertainties in the IT sector, Tata Consultancy Services (TCS) CEO K Krithivasan has encouraged his workforce to fully leverage artificial intelligence (AI). Speaking at the Nasscom Technology and Leadership Forum, he dismissed fears of job losses, asserting that AI would unlock fresh avenues rather than threaten livelihoods.
Krithivasan’s message comes at a pivotal moment. The IT industry has been rattled by rapid advancements in AI tools, triggering sharp declines in stock valuations. Over the past month, the Nifty IT index has plummeted more than 20%, with TCS shares dropping around 16%, Infosys over 23%, Wipro over 14%, Coforge 27%, and Tech Mahindra 22%.
“If you believe AI can help you do a task faster, better, or cheaper, go ahead and use it,” Krithivasan told employees. He urged them to inform clients even if it impacts short-term revenue, emphasizing a forward-looking approach. “We’re not afraid this technology will take away our jobs. It will create more opportunities. The more you use it, the more benefits you’ll reap.”
This optimism contrasts with industry-wide jitters, especially following bold claims from U.S.-based AI firm Anthropic. Yet, signs of collaboration are emerging. Anthropic recently partnered with Infosys, while OpenAI inked a deal with TCS, signaling that AI firms are teaming up with traditional IT giants to scale their operations.
Krithivasan’s directive positions TCS as a leader in AI adoption, potentially setting a trend for the sector. As companies navigate this transformation, his words underscore a shift from fear to strategic integration, promising innovation and growth in an evolving landscape.