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Kashyap Kompella

May 27, 2026

11:07
Kashyap, quite simply, how do you see this deal, um, from HCL's, HCLTech's point of view?
11:14
No, I think I've covered IT services as an analyst, uh, it, it... before I started covering, uh, the AI space, and prior to that, uh, I covered the IT products space, evaluated IT product space.
11:25
So this, uh, question, so we always had this question 10 years ago, 15 years ago, why aren't services companies incre- investing or building their own products, et cetera? So that's a larger discussion.
11:34
And the question that now we have, the backdrop to this deal is why aren't IT services companies building foundation models themselves? So the answer then when we're talking about services versus products, versus services lineage is different, the products lineage is different.
11:47
It creates a lot of organizational, uh, clashes as well.
11:49
Like, you need to pay product guys more than you pay the services folks.
11:52
And that tension is so much more in, uh, AI right now because AI talent is, uh, so much more expensive.

26 MINS LATER

37:28
Yeah, go ahead.

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