Current Affairs · Artificial Intelligence & IT Industry Dynamics
Consider the following statements regarding 'AI deflation' in the IT sector: Statement I: AI deflation refers to the reduction in the cost of providing IT services due to efficiency gains from artificial intelligence. Statement II: AI deflation leads to an increase in deal sizes and higher revenue growth for IT companies due to improved productivity. Which one of the following is correct in respect of the above statements?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect, but Statement II is correct.
- 2Statement I is correct, but Statement II is incorrect.✓
- 3Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I.
- 4Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I.
Correct answer
Statement I is correct, but Statement II is incorrect.
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