Is the AI Boom Losing Steam? | Aloke Majumder on NDTV Profit's The Big Question

About this video

AI stocks have taken a sharp hit: chipmakers, data-centre players and AI infrastructure names have lost billions in market value. Is the AI boom running out of steam, or is the market simply asking harder questions? On NDTV Profit's The Big Question, Aloke Majumder, Head of Technology at Humaineeti, joined the panel to give an AI practitioner's view on the selloff and what it means for India and Indian IT. The AI story isn't ending. It's growing up.

Key points

• ❯The industry is moving from 'spend at any cost' to 'show me the returns'
• ❯A stock cracking is not the same as demand cracking
• ❯Hyperscaler capex is still rising, but how it gets funded is now the real question
• ❯Much of India's AI work runs on top of foundation models, with heavy token spend before the value is clear
• ❯Revenue per token is the metric that will separate real AI businesses from expensive experiments