New Delhi: India can leverage its decades-long strength in software and technology services to gain advantage in the artificial intelligence race by focusing on using AI to transform businesses rather than pursuing competition immediately with the US and China in computing power and foundation models, said Nigel Vaz, CEO, Publicis Sapient.The tech leader said India needs to invest in silicon, compute and foundational models, but its bigger near-term opportunity is in the application layer, where companies can generate returns from existing AI capabilities. "The question then becomes: what do you actually do with that capability?" Vaz told ET in an…