Gen AI Has Potential For Good, When Implemented With Guardrails: Nandan Nilekani The Bengaluru-based IT services firm is currently working on over 225 generative AI programs for its clients

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

"As the initial AI doomerism has quieted down, we look at the larger business environment, we are now into the second year of the generative AI revolution. People have accepted that, like any other general-purpose technology be it electricity, nuclear energy, the internet or even a discovery like fire, gen AI has enormous potential for good when advanced within the guardrails of responsibility," said Infosys chairman Nandan Nilekani.

Infosys created 23 AI industry blueprints to solve industry specific challenges. To drive exponential growth in AI and accelerate Infosys' Chip-to-Cloud strategy, the company acquired InSemi, a semiconductor design services provider, for $34 million, earlier this year. The Bengaluru-based IT services firm is currently working on over 225 generative AI programs for its clients. Infosys' acquisition of Danske IT and Support Services in India has, among several other programs, served to further strengthen its overall digital talent pool.

Infosys has invested significantly in hiring talent with proven generative AI skills as well as rapidly upskilling existing engineering talent. "We have invested significantly in hiring talent with proven generative AI skills as well as rapidly upskilling our existing engineering talent," he said.

Regarding the implications of AI applications, Nilekani expressed optimism about the positive outcomes for consumers and enterprises. He noted that it is widely expected that the manifestations of consumer AI will make life easier and more productive for millions of people. He highlighted the complexities of implementing enterprise AI solutions and reassured the shareholders about the potential benefits, emphasizing the need for comprehensive data management and quality output. The rise of powerful open-source AI models has also accelerated the deployment of AI to solve tough business and societal challenges. As more use cases evolve, implementation will be easier.

He was addressing shareholders at Infosys' 43rd Annual General Meeting (AGM).

News and Trends

Broadway Secures Strategic Investment from Gruhas to Expand Experiential Retail

The latest investment will fuel Broadway's innovative experiential commerce model, enhancing its footprint in India's evolving retail landscape.

Starting a Business

A Teen With Cerebral Palsy Pitched a Creative Product in School. He Got a B- — Then Grew the Business to $5 Million a Year Anyway.

Drew Davis, founder of Crippling Hot Sauce, uses humor and business to make a major impact.

Business News

'Done a Lot of Difficult and Significant Things': Elon Musk Says These Current and Former CEOs Are the 'Smartest'

The once icy relationship between Elon Musk and Jeff Bezos has appeared to thaw.

Women Entrepreneur®

The Visionary: Devita Saraf, Chairperson & CEO, Vu Group

There was a time when the narrative around women entrepreneurs focused on their struggles. However, when we decided to look for a cover face who captured sustenance over two decades, we found Devita Saraf. Women have gotten media attention that has highlighted the uphill battle to break the glass ceiling, but now is the time they prove to be long-term leaders who can sustain and grow a business over decades. Here is the Chairperson and CEO of Vu Group, who has continued to build her brand as a visionary, who thinks long term and is also a symbol of strength for her team.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.