New Delhi, Feb. 19 -- Arthur Mensch, Chief Executive Officer of Mistral AI, on Wednesday said that more than half of the company's current software is likely to be replaced by artificial intelligence (AI), CNBC reported.

Addressing investor concerns over software stocks, Mensch said, "AI is making us able to develop software at the speed of light." He made these remarks at the India Accelerates event on the sidelines of the ongoing AI Impact Summit 2026, which New Delhi is hosting from 16 to 20 February.

Mensch's remarks came after leading software stocks witnessed a sharp sell-off. The downturn was partly attributed to the launch of Cowork by Anthropic, as investors grew increasingly concerned that advanced AI tools could replace funct...