LTIMindtree betting big on new AI unit, says CEO Venugopal Lambu

LTIMindtree is doubling down on AI with investments in a newly-launched platform that helps companies adopt the technology, its top boss said, as India’s $283-billion IT industry faces broader cuts in non-essential spending by clients.

The business, BlueVerse, launched in June, uses ready-made digital assistants to solve problems for firms.

“The conversation around AI is getting serious,” CEO Venugopal Lambu said in an interview, without disclosing the size of the planned investment in the AI unit. “That’s the big green shoot I see.”

The IT firm is…