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AI News from ET - AI is another tool, not a threat to India IT services: JP Morgan report

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The report highlighted emerging demand in modernising legacy code, rewriting customized SaaS applications where needed, building AI agents for operations, ensuring AI trust and reliability, and integrating physical AI systems. Enterprise technology teams, long viewed as underfunded relative to business demands, are likely to rely on AI to expand output within constrained budgets - not replace service providers altogether.

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