ET in the Valley | IT can’t compete on costs as AI takes over software grunt work: Replit founder Amjad Masad

IT companies in India can no longer compete on wage arbitrage, as AI agents are rapidly taking over low-value tasks in software development, said Amjad Masad, founder of Replit – the $3-billion AI coding platform, currently the third most-used AI tool by startups globally after OpenAI and Anthropic.

“India has the talent, has the brainpower to be a truly independent innovator of technology. And I would push more towards that, than being more of an outsourcing shop,” he said, adding that companies can still provide solutions to the West but not…