Bengaluru is stuck in a new jam. Can it beat back the AI monster?

Bengaluru has another deep concern these days, apart from the insane traffic. The cornerstone companies of its IT sector — such as Infosys, TCS, Cognizant, and Wipro — are getting hammered in the stock market. In the last month alone, these companies have lost around 20% — a fifth of their value. Over the past year, these former market darlings have shed almost a third of their market capitalisation.
The reason? The elephant in every boardroom in the world today — AI, or artificial intelligence. AI is disrupting many sectors, if not all. However, recent progress in AI-based coding — where you simply type in plain English what you want the code to do, and the AI generates it in seconds — has shaken the foundations of our multi-billion-dollar, multi-million-employee Indian IT sector.