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Cognizant CEO says AI is not magic after SaaS stock selloff
Cognizant CEO cautioned against AI hype, saying real value depends on execution, not magic.
Cognizant CEO Ravi Kumar said artificial intelligence should not be viewed as a magic solution after SaaS stocks fell following hype around Anthropic’s Claude cowork tools. He noted AI delivers value only when paired with strong processes, domain expertise, and execution. Market reactions, he said, reflect inflated expectations rather than fundamentals. Investors are reassessing AI-driven software valuations amid growing scrutiny on monetisation and real-world impact.