Question - Guess what happened to the Indian IT services Industry -
Answer- The labour arbitrage has gone.
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anyone tracking it sector ,recently started studying it .if anyone has interesting names to study do comment them
I believe the Western world is actively working to eliminate the advantage that developing countries have traditionally held due to cheaper labour, called “labour arbitrage.” Two key trends are driving this shift: the rapid progress of artificial intelligence (AI), which can be seen as the “software brain,” and the development of humanoid robots, which represent the “hardware body.”
AI systems today are already capable of performing tasks at a level comparable to an average software developer. Meanwhile, progress in humanoid robotics is accelerating. Companies like Tesla are developing general-purpose robots (e.g., Optimus), and Nvidia is providing essential computing platforms for robotics and simulation.
An inflection point will be when humanoid robots with near-human capabilities are available at a price point below $10,000. If that happens, it could become more economically viable to manufacture products domestically (e.g., in the U.S.) than to offshore production, effectively ending the cost advantage of cheaper foreign labour.
Interestingly, Carl Pei, the CEO of Nothing, recently said that the cost of software development is approaching zero. If this statement proves to be true, it might prove to be a Kodak moment for some companies.
I could be wrong, but that’s how I see things moving.
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a interesting perspective Will AI Replace Software Engineers? - Sam Dheepak Thomas