Cognizant AI chief has one word for trillion-dollar wipeout in stock market triggered by Anthropic’s Claude AI tools
Publish Date: 2026-02-26 11:35:00
Source Domain: timesofindia.indiatimes.com
- Cognizant’s Chief AI Officer, Babak Hodjat, believes concerns that AI will disrupt IT services companies are overstated, despite significant impact events like Anthropic’s market devalulation.
- Hodjat emphasizes that enterprises still require substantial support for the deployment, integration, and management of AI systems despite advancements from AI startups.
- Hodjat notes that businesses are not yet reliant on a singular, all-purpose AI agent, and thus, the mapping and integration of these tools into existing processes remain crucial.
- Cognizant continues to see demand for AI-led transformation driving growth, with a focus on expanding AI-generated code from 30% to 50%.
- The company has hired 25,000 new graduates in 2025 and plans to increase this in 2026, indicating confidence in maintaining entry-level roles.
- Competitors like TCS and Wipro share the view that AI adoption will expand demand for IT services rather than diminish it.
- Hodjat and Cognizant’s CEO Ravi Kumar S point out that while AI integration is happening, most clients still need support to effectively deploy and generate returns from these systems.
