Massive AI capex not a bubble, but software & IT business models at risk: Arvind Sanger

Massive AI investments by US tech giants are unlikely to be a bubble, but could fundamentally disrupt traditional software and IT services, including Indian firms. Arvind Sanger of Geosphere Capital believes AI adoption presents a structural wave of value creation, not speculation. The real risk lies in business model disruption, potentially impacting pricing and revenue for manpower-heavy IT services.