Don't you remember 2 years back when Altman declared that India cannot build an ai model. The then ceo of TechM posted - "challenge accpeted".
Imagine the incompetence and ignorance of a ceo.
Then how can you even expect an average indian to understand what goes in building it.
US court struck down proposed $100k H 1B visa fee.
Positive News: US court struck down proposed $100k H-1B visa fee — beneficial for Indian IT firms including TechM, TCS, Infosys, etc.
We've been saying this for a long time now. India and the Philippines are going to get walloped by AI algorithms.
In India alone there are "more than 2,100 centers employing about 2.36 million people and generating nearly $100 billion in annual revenue."
Would not want to be holding any of the below names:
$TCS — Tata Consultancy Services (largest by far)
$INFY — Infosys
$HCLTECH — HCL Technologies
$WIT — Wipro
$LTIM — LTIMindtree
$TECHM — Tech Mahindra
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At some point of time
India will do this
For that
1. A contract will be given to Adani/ambani
2. Tata or infosys or techM will also participate
3. Babus will observe the tender process
4. After multiple hands
They will spend 100$ billion on contract/ siphon of money
TCS, Infy, HCL, Techm and Wipro could have joined hands to fund an AI start up like Open AI but they continued to buyback and pay dividend to the promoters. Now, you guys are crying foul play.
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(We are not sebi registered)
Why hasn’t Infosys, TechM, Wipro, TCS … all cash rich companies ever take a call to build your own LLMs or chips… why focus on serving the US companies and not create your own…
Don’t lament now, @TVMohandasPai ji… very unlike you to ask for dole when sitting atop a huge pile for decades
The most advanced AI models needs 50/60b $, huge investments in Hyper cloud, and many years! No country apart from US/ China can arbor do it like them. People who comment loosely need to understand this
Sir, big investments followed later. Please see what was the cumulative fund raise by 2022 end in @OpenAI . Now, please tell the R&D spend vs Buyback by Infosys in 2011-20. If with such strong cash flows TCS/Infy/Wipro/TechM couldn’t have risk appetite then better not ask govt!
5/n TCS is one of the last companies in this planet who can solve the AI problem & if TCS can't, neither can Wipro, Infy, CTS. TechM or LTM. They are literally carbon copies of each other.
If you want be successful & get back into the AI race, as a nation we need to figure out..
Agar Nifty 26000 pe hai to TCS,Infy, Wipro, Reliance,Techm, HDFCBank, ICICI Bank, Asian Paints etc etc ka rate ATH se 30-40% down kyun hai ? 🫤😂
Arreyy Bhai Nifty 20000 pe hai aankh khol dekho 🫤😂.