New Delhi, Nov. 9 -- Information technology (IT) companies capable of monetising enterprise adoption of artificial intelligence (AI) without making substantial capital investments could gain an advantage as investors increasingly differentiate between businesses funding AI infrastructure and those generating returns from its adoption, according to a report by Anand Rathi.

The report said the key risk to the AI opportunity is not weakening demand but the widening gap between infrastructure commitments and proven monetisation.

This is expected to make funding discipline, cash conversion and returns on invested capital increasingly important factors in determining which companies benefit from the technology's expansion.

"We believe the ke...