AI-first strategy working for Infosys despite unresolved issues: Nilekani
Artificial Intelligence-first business strategy adopted by Infosys is working well for the company despite unresolved ethical and IPR issues around the technology, Infosys Chairman Nandan Nilekani said on Wednesday.
In his address at Infosys' 42nd Annual General Meeting, Nilekani said the company can be more efficient while nurturing readiness for growth, given its performance in challenging scenarios created by inflation, interest rates, geopolitics, demand volatility and supply chain dislocations.
"Several practical, ethical and intellectual property-related issues, when it comes to AI remain unresolved. We also know that the motto of scaling AI in the enterprise is far from simple. And yet, the AI-first strategy we're embracing already working for us," Nilekani said.
He said that the board has approved a dividend of Rs 17.5 per share, taking the total to Rs 34 per share.
"The company has returned approximately 86 per cent of free cash flow to shareholders over four years startin