In TrendsSensex TodayStocks to WatchNifty OutlookAsian StocksTata ChemicalsWithout AI, IT services would barely grow, Capgemini CEO saysCapgemini CEO Aiman Ezzat predicts AI will create a new $400-500 billion market, driving industry growth. He notes AI causes deflation in traditional IT services.By CNBCTV18.com September 4, 2026, 5:02:09 PM IST (Published)Artificial intelligence could create a new $400-500 billion market for the technology-services industry over the coming years, even as the same technology eats into revenue from traditional IT work, according to Capgemini Chief Executive Aiman Ezzat.Speaking to CNBC-TV18, Ezzat described two opposing forces reshaping the industry: underlying demand for technology continues to grow, but AI is allowing companies to do existing work with fewer people and in less time.The result is what Ezzat calls deflation in traditional IT services."Without the AI opportunity, we'd have pretty much a flat industry," he said.AI is shrinking old work while creating new workThe apparent contradiction is central to Ezzat's outlook.If a software project that previously required 100 people can be completed with fewer workers because of AI, a technology-services company may have to charge less to deliver the same outcome. That creates downward pressure on revenue from existing work even if the amount of technology being…
Original source: https://www.cnbctv18.com/technology/
