Rather, this quarter many avoided even giving the number of proof-of-concepts (POCS) they are working on.
Salil Parekh, chief executive officer (CEO) and managing director (MD), Infosys, in the media briefing, said: "We are not sharing externally the value in terms of revenue or of the deals ... our Generative AI approach is leading in the market." Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money.
"With 85-90 percent of all pilots not making it to production and large enterprises failing to see significant productivity gains in most of the use cases where they have adopted co-pilot and similar GenAI, we believe that the long-forecasted boom from GenAI is not imminent and probably will not materialize in the foreseeable future," he told Business Standard on email.
Accenture said its GenAI-led deal pipeline had touched $2 billion, from which it had earned $500 million. This is 1 percent of the company's revenue.
Denne historien er fra August 09, 2024-utgaven av Business Standard.
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Denne historien er fra August 09, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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IT stocks suffer biggest one-day fall in six weeks
Accenture promotion delay, past Fed rate cuts cited
Cabinet clears 'One Nation, One Poll' and host of proposals in farm to space
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Tata Power to scale up internal RE component supply chain
Plans to manufacture key parts rather than buying them
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25-year-old company veteran Samir Kumar has cart full as he takes reins at Amazon India
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ZEEL refutes $940 mn Disney Star claim over ICC TV rights deal
Star India on Monday filed a statement of case seeking $940 million damages from Zee Entertainment Enterprises (ZEEL) over the terminated ICC TV rights deal, the latter said in a stock exchange filing.
Best option is to double down on mkt strategy: P&G India
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'Irreparable loss for us': EY India on death of CA
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