India to benefit from AI through services and efficiency, not hardware: Jefferies

New Delhi [India], January 7 (ANI): India is emerging as a key beneficiary of the global artificial intelligence (AI) investment cycle, but in a manner distinct from hardware and semiconductor-led markets, according to a recent outlook by Jefferies.

The brokerage describes India as a 'reverse AI trade', arguing that the country stands to gain primarily through productivity enhancement, cost arbitrage and service