At the World Economic Forum (WEF) meet in Davos, generative AI was the buzzword. The benefits and threats of generative AI and the response to the changes it may bring topped the agenda. Sam Altman of OpenAI emphasized the need for an energy breakthrough for AI’s future. Satya Nadella of Microsoft expressed optimism about AI’s potential to boost the global economy. CEOs highlighted concerns about job losses, while world leaders emphasized responsible use of AI.
Indian IT companies are inserting non-compete clauses into freshers’ contracts, but legal experts have deemed them unenforceable in the country. These clauses are used as a deterrent and typically do not go beyond serving a legal notice.
Accenture’s muted guidance has raised concerns for Indian IT companies. Industry expert Apurva Prasad explains the possible implications and future prospects for the sector.
