Positive impactEconomy
Don't worry about AI! Why PPFAS CIO Rajeev Thakkar wants Indian investors to read what tech analyst Benedict Evans said
Economic Times 1 hr ago·11 Aug 2026, 11:08 am
Rajeev Thakkar, the Chief Investment Officer of PPFAS Mutual Fund, is advising investors to look past the current hype surrounding Artificial Intelligence. He argues that the widespread fear that AI will wipe out IT jobs is exaggerated. Thakkar points to historical patterns where new technologies often replace specific tasks rather than entire industries. He suggests that while some roles may disappear, new opportunities will emerge in areas like implementation, cybersecurity, and maintenance.
This perspective is important for investors because it highlights the cyclical nature of technological disruption. Instead of viewing AI as a threat to the IT sector, Thakkar encourages a long-term view where technology drives innovation and creates new value. He urges investors to focus on the broader economic impact rather than short-term anxieties.
Moving forward, investors should watch how companies integrate AI into their operations. The focus will likely shift from the hype phase to the practical application of the technology. Monitoring which sectors and companies successfully adapt to this new landscape will be key to understanding the long-term investment potential in the tech space.
Key takeaways
- Category: Economy.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
