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AI News from ET - GenAI may generate 20-40% productivity gains, no risk to tech spends: Axis Capital report

Vishwadeep Khatri
in AI News & Two Lenses

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Generative AI (GenAI) is projected to deliver savings of 20-40% in the software development lifecycle, with those savings being reinvested into further tech innovations. Axis Capital's report highlights that such efficiencies will neither reduce tech spending nor hinder developmental progress, as productivity gains of 26% were observed among software developers using AI.

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