As artificial intelligence makes software development faster and cheaper, value creation is expected to shift from software applications to computing infrastructure, silicon chips, power and physical systems, business heads said at The Economic Times World Leaders Forum.
Shailendra Singh, managing director of venture capital firm Peak XV Partners, told ET's Samidha Sharma that software had historically been difficult and expensive to build, which allowed application companies to capture much of the value. AI could change that equation by making software easier to write, rewrite and replatform.
