C Vijayakumar, CEO of HCLTech, emphasizes the transformative potential of AI and the need for proactive adaptation in the IT services industry. He highlights the importance of growth and relevance over protecting existing revenue bases and the continued investment in capabilities to stay competitive.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.