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Threat to large IT firms 'overblown', Cognizant's AI chief says amid Anthropic-driven disruption [Yahoo! Finance]

Cognizant Technology Solutions Corporation - Class A (CTSH)  More Company Research Source: Yahoo! Finance
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: cognizant.com/investors
MUMBAI, Feb 26 (Reuters) - Fears that new artificial intelligence tools could replace large IT services firms are "overblown" as clients still need help ?deploying and scaling the technology, Babak Hodjat, chief AI officer at Cognizant, ?told Reuters in an interview. Automated AI tools from startups such as Anthropic have stirred concerns about disruption ?in the business models of software and services firms globally, including India's traditionally labour-intensive IT services industry. Enterprises are far from being able to rely on a single, all-purpose AI agent, said Hodjat, adding that most clients still need help engineering, integrating, and governing AI ?systems. "That mapping is our job, ?it does not come just automatically out of the box," said Hodjat, whose work helped power Apple's Siri voice assistant. Nasdaq-listed Cognizant, which ?has more than 70% of its workforce operating out of India, forecast annual revenue above Wall Street estimates on the back of stron [Read more]
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Stockreport

Threat to large IT firms 'overblown', Cognizant's AI chief says amid Anthropic-driven disruption [Yahoo! Finance]

Cognizant Technology Solutions Corporation - Class A  (CTSH) 
More Company Research Source: Yahoo! Finance
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: cognizant.com/investors
MUMBAI, Feb 26 (Reuters) - Fears that new artificial intelligence tools could replace large IT services firms are "overblown" as clients still need help ?deploying and scaling the technology, Babak Hodjat, chief AI officer at Cognizant, ?told Reuters in an interview. Automated AI tools from startups such as Anthropic have stirred concerns about disruption ?in the business models of software and services firms globally, including India's traditionally labour-intensive IT services industry. Enterprises are far from being able to rely on a single, all-purpose AI agent, said Hodjat, adding that most clients still need help engineering, integrating, and governing AI ?systems. "That mapping is our job, ?it does not come just automatically out of the box," said Hodjat, whose work helped power Apple's Siri voice assistant. Nasdaq-listed Cognizant, which ?has more than 70% of its workforce operating out of India, forecast annual revenue above Wall Street estimates on the back of stron [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CTSH
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS