00:06Hello and welcome, you are watching Good Returns, I am with Arnema Javedi.
00:11Look, Bazaar is a little confused, thanks to AI.
00:14Artificial Intelligence has been disappointed by Bazaar.
00:20We have seen some reflection last week, when Bazaar looked at Bazaar,
00:27and now we are trying to look at Bazaar in India,
00:31because in India there is an AI Summit in which there are a lot of big names in IT industry.
00:38But what will be IT industry?
00:40Will Artificial Intelligence give Bazaar a booster dose?
00:43Or will it be a big dent in your portfolio?
00:48This is all we will discuss in this video.
00:51We have a very special event here.
00:56Sir, welcome to Good Returns.
00:59Good afternoon, Arnema.
01:01You are all from my side.
01:04I am very confused.
01:08Because we are very confused, we are so confused.
01:09The more confused market is in this time.
01:11We are talking too long-term.
01:13Because, wealth is long-term.
01:17Short-term, Bazaar is very volatile.
01:19Long-term outlook is very difficult.
01:23Real state also broke.
01:25Artificial intelligence, which has become a crash of a situation.
01:29It's not only IT broke, but real state broke.
01:33It's not a bad thing.
01:34It's not a bad thing.
01:36What do we say to our long-term investors?
01:41So, I would like to say this all is part and parcel of the game.
01:49We have to understand this.
01:52Artificial intelligence is for real.
01:56Artificial intelligence, I don't think there is such a technology that has come and has gone.
02:03It's actually a game-changing technology.
02:06And this will have a profound impact across the world on all possible sectors.
02:15And this will accept it.
02:34To be very honest, artificial intelligence
02:42in comparison to U.S. and China. And those are two countries who have taken a massive
02:49lead. But I think there is a recognition in India now that we should do something and
02:58I am seeing some action happening now wherein India can actually start focusing on artificial
03:05intelligence. And start, you know, okay, we are back in race. We are back in a lap, but
03:12starting to start is not bad. So that is the whole point. Where the IT sector is, Anima,
03:23look, our IT sector has inherent strength service. We were very difficult in the service sector.
03:33We were not very, very focused towards IT products as such. We were in the IT sector
03:39software and we used to sell it to the outside world. Now what has happened is that artificial
03:47intelligence has been expected that it can create software at much lower cost and the human
03:56requirement. Human requirement would be much lesser in times to come. Though I believe that
04:03humans could not be replaced entirely. But even if, let's say, 10% or 20% of the human requirement
04:13is there instead of 100%, it would be a big tent for Indian IT industry. So what Indian IT
04:23industry needs to do is to reinvent itself, Anima. If we don't have to reinvent itself,
04:32the way, we don't have to do it. We have to do it and the way we have to do
04:54it. This is
04:56Infosys ko actually is model pe le jane ki koishish ki ti. He was unsuccessful. The promoters
05:04of Infosys probably didn't like the idea and actually it backfired on him and he was chucked
05:12out of Infosys at that point of time. But probably he was farsighted. Unhoney baut pehle
05:18is chij ka dek liya tha and aur aaj ki date mein I have heard that even TCS has tied
05:26up
05:27with Vishal Sikka to make some changes in the organization. So meri ko lagta hai ki sari
05:32IT organizations ko remand khandi ki jarurat hai and I am sure that Indian IT understands
05:39it much better now. So they will make changes. Yeh jo IT summit ho raha hai India mein it is
05:46happening because of government and government kafi sajak hai. Mainne IT Minister Vaishnan ji
05:53ko kahi baar sun.
05:54AI aur IT industry bhoat tezi se is ko adapt karne ki koishish karri hai. Hum yeh bhi maan
06:01rhae hai. Leakin bazaar kiyon confused hai. Bazaar itna parishan kiyon hai. Aur yeh
06:07confidence kap tak lotte ga. Jo correction abhi hal mein peetay hafte dekha. Aur jo correction abhi
06:13ki joh confusion nazar a raha hai hai kiya iske baad koi deep down correction a sakta
06:17hai. Bazaar mein kya hal chal hai? Aur agar correction achcha hai to FII is kyu jara hai? So
06:24ahm dhekhe aneva bhoat hi clearly bazaar isliye parishan hai kiunki unko IT sector kya future
06:31samajh me nahi nahi a raha hai at this point of time. Clearly jhaan pey IT sector mein aapko
06:37dekh rahay ai ki khatre ke baadal baadal mandara raha raya hai aur jab tuk unko ko koji
06:42concrete action nahi dikhahi dhega bahan pe. Jhaan pey eek revolutionary change woi IT sector
06:47me. Tub-tuk it will not start striking back. So that is the whole point. The good thing is
06:54earnima कि बिछले दो साल में IT sector वैसे ही बहुत बुरे हालात में हैं और भाँ पे पहले से
07:01ही काफी correction हो चुका है तो what is in favor of Indian IT sector now is the valuation. Valuation
07:08भाँ पे already deeply corrected हैं तो which will prevent a massive slide but at the same time जब तक
07:16ये इस चीज पे focus नहीं किया जाएगा कि हम अपने आपको कैसे reinvent करें तब तक कुछ ना कुछ
07:23होता
07:24राएगा IT side में on the negative side. So I think अगर अच्छे हैं तो FII is slotting है sir?
07:31Expectations? Yes, slotting, lotना चाहिए but उसके लिए industry को भी कुछ करना पड़ेगा na AI side पे और जब
07:39positive news वहां से आने लगी कि ये changes होने लगे हैं. So there was one good news today. I
07:45heard about 1.2 billion dollar of investment in a AI startup in India.
07:54So I think that was good. Probably the best news that I've heard in a long, long time on the
08:02artificial intelligence infra in India. So somewhere things have started rolling and once Indian entrepreneurs start catching it up, I
08:10think there could be a massive change in Indian IT space.
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