The chief executive of India’s biggest technology firm Tata Consultancy Services (TCS) has dismissed fears artificial intelligence will destroy the company’s business model, insisting AI will increase overall employment, even as he invests in data centres to gain exposure to the boom.
TCS has been one of the most influential technology providers to some of Australia’s biggest companies for decades. It became well known as an outsourcing provider in the late 1990s and is still a major supplier to the likes of Qantas, Woolworths, and Westpac. It’s also building the replacement for the ASX’s CHESS clearing and settlement system.
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