Bengaluru, Jan. 23 -- The rise of AI-driven software does not necessarily spell the end of competition in the tech industry, according to Mphasis CEO Nitin Rakesh.
Speaking on the increasingly discussed phenomenon of "software eating software," Rakesh said that while automation is reshaping enterprise operations, humans remain firmly in control.
"The fear that AI will create monopolies is overblown," he told UNI. "It's not like one platform is dominant or two are dominant. There will still be quite a significant number of platforms."He acknowledged the clout of three major hyperscalers but argued that their influence does not amount to a monopoly or even a duopoly. Tens of thousands of deployable large language models (LLMs) globally ensu...