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IT companies face 'long curve' before revenue visibility from GenAI

Peter Bendor-Samuel, CEO, Everest, a research firm, said there was a long curve before GenAI started generating money

artificial intelligence machine learning
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Shivani Shinde Mumbai

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Revenue from generative artificial intelligence (GenAI) or the deal pipeline in this segment in April-June of FY25 was missing in the quarterly statements of large information-technology services firms other than Accenture and Tata Consultancy Services (TCS).
 
Rather, this quarter many avoided even giving the number of proof-of-concepts (POCs) they are working on.
 
Salil Parekh, chief executive officer (CEO) and managing director (MD), Infosys, in the media briefing, said: “We are not sharing externally the value in terms of revenue or of the deals … our Generative AI approach is leading in the market.”
 
Peter Bendor-Samuel, CEO, Everest,

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