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India's LTIMindtree betting big on new AI unit, CEO says
Yahoo Financeยท 2025-10-27 09:55
Core Insights - LTIMindtree is significantly investing in AI through its newly launched platform, BlueVerse, aimed at helping companies adopt AI technology as the Indian IT industry faces cuts in non-essential spending [1] - The CEO highlighted a growing trend in smaller, AI-led deals that generate quick revenue, despite the challenges posed by AI efficiencies [2] - Revenue from the top five clients has decreased as they expect LTIMindtree to pass on savings from AI productivity gains, but the company remains optimistic about achieving near double-digit revenue growth by the end of the financial year [3] Company Developments - BlueVerse, launched in June, utilizes ready-made digital assistants to address business challenges [1] - The CEO did not disclose the investment size in the AI unit but emphasized the seriousness of AI discussions within the industry [2] - AI is becoming a central topic in boardroom discussions, although many firms have yet to disclose specific AI-related revenue [3]