AI has raised a question mark on TCS, Infosys: Kotak Alts MD

Kotak Alts MD Srini Sriniwasan said on the podcast that software giants like TCS, Infosys, and Wipro once acted as a hedge for foreign investors, as their dollar income rose whenever the rupee fell. Now a belief has set in that AI will disrupt their future profitability, and since these firms carry heavy index weightage, he added.