ET in the Valley | IT can’t compete on costs as AI takes over software grunt work: Replit founder Amjad Masad

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IT companies in India can no longer compete on wage arbitrage, as AI agents are rapidly taking over low-value tasks in software development, said Amjad Masad, founder of Replit – the $3-billion AI coding platform, currently the third most-used AI tool by startups globally after OpenAI and Anthropic.

“India has the talent, has the brainpower to be a truly independent innovator of technology. And I would push more towards that, than being more of an outsourcing shop,” he said, adding that companies can still provide solutions to the West but not…



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ET in the Valley | IT can’t compete on costs as AI takes over software grunt work: Replit founder Amjad Masad



IT companies in India can no longer compete on wage arbitrage, as AI agents are rapidly taking over low-value tasks in software development, said Amjad Masad, founder of Replit – the $3-billion AI coding platform, currently the third most-used AI tool by startups globally after OpenAI and Anthropic.

“India has the talent, has the brainpower to be a truly independent innovator of technology. And I would push more towards that, than being more of an outsourcing shop,” he said, adding that companies can still provide solutions to the West but not…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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