BENGALURU, Feb. 17 -- Infosys Ltd chairman Nandan Nilekani sought to reassure investors that the rise of generative AI (GenAI) is expanding business opportunities for the company, even as anxiety triggered by the launch of new AI tools has weighed on the stock, sending shares of the India's second-largest information technology (IT) services firm down 14% between 1 January and 17 February.

"My view is that there is no opportunity gap. Opportunity is bigger than before," Nilekani told analysts in his brief 20-minute talk on Tech transitions - Why is the AI transition different? as part of Infosys's first analyst day event on Tuesday.

"It is not an opportunity risk but an execution risk," said Nilekani, calling the current phase "tumultuo...