It has been discussed for a long time how artificial intelligence will change the business world. However, until now, these discussions were mostly conducted through individuals and companies.

Recent data shows that artificial intelligence has begun to shake not only employees or companies, but also the economic models that some countries have relied on for years. Even some analysts He argues that India has become the first country to be short-sold by AI.

Even the statements of artificial intelligence companies affect the Indian stock market

At the heart of this argument is India’s role in global technology for nearly three decades. The country, which became the world’s largest IT external service center, was virtually the back office of Western technology companies with millions of software developers and technical support employees.

However, the rapid development of artificial intelligence, especially in areas such as coding, debugging, technical support and business process management, has begun to directly threaten this business model. In February, India’s technology companies were listed after Anthropic announced its new artificial intelligence solutions for corporate customers. Nifty IT Index lost approximately 6 percent value.

A few months later, OpenAI’s announcement that it would invest over $4 billion in corporate artificial intelligence operations triggered a new wave of sales in the sector. While the Nifty IT Index has fallen by approximately 49 percent in the last 18 months, a total of over 19 trillion rupees, or approximately $217 billion, has been erased from the market value of India’s largest technology companies.

The fact that more than 23 billion dollars of foreign capital outflowed from the country in the same period shows that investors are taking this transformation more and more seriously.

On the contrary, the model that enabled India’s rise is turning around

Jobs that played a critical role in the rise of India’s IT department are today slowly being handed over to AI spies. Western companies, which used to employ Indian software developers to write easy codes or debug errors, can now outsource those tasks to artificial intelligence.

On the other hand, India’s prioritization of providing external services rather than developing its own products for years now makes it almost impossible for it to create its own artificial intelligence economy, as China has done. The Indian example shows that artificial intelligence has begun to directly target not only professions but also the economic models of countries.

This is why some analysts describe India as the first country short-sold by artificial intelligence. If AI spies continue to develop at the current pace, it would not be surprising to see the transformation experienced in India today in other countries with similar economic structures in the future.

In your opinion, which countries’ economic models might be more threatened by artificial intelligence technologies in the future?