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AI News from ET - Brokerages split on future of IT as AI automates nuts and bolts

Vishwadeep Khatri
in AI News & Two Lenses

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Analysts are divided in their opinion over the long-term viability of IT services firms, after Anthropic released artificial intelligence software plugins that will allow companies to automate several tasks, including in finance, research and human resources. While some forecast revenue impact and earnings downgrades, others maintain that AI would expand the market for service providers.

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