Reuters calculates that the Indian software services sector has lost about $47 billion in February alone. Could artificial intelligence truly shake the software services industry to its foundations by accomplishing in hours what once required weeks of labour from large teams of engineers? In Europe, software services company Emam, which employs roughly 10,000 people across multiple offices in India, has fallen 33 per cent over the past year. The evidence increasingly suggests that the global software services industry may be facing its most significant technological inflection point in decades. The question then is how quickly and well societies can learn to work with AI and adapt to its fallout.

Source: The Telegraph February 25, 2026 06:30 UTC