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TCS, Infosys, Salesforce and other software companies, Amazon Web Services CEO Matt Garman agrees that wipe out in your market value is overreaction; says: Much of the fear is …

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Amazon Web Services CEO Matt Garman dismisses fears of AI decimating software companies as 'overblown'. He believes established players, despite facing disruption, have an 'inside track' to leverage AI. While acknowledging AI's transformative power, Garman asserts customers will still demand significant infrastructure, benefiting cloud providers like AWS. Amazon Web Services CEO Matt Garman thinks investor fears about artificial intelligence (AI) threatening major software companies are “overblown.” He has pushed back against market concerns that have erased more than $250 billion from global software stocks this month.“Much of the fear is overblown,” Garman told CNBC, addressing what analysts have labelled a…

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