Sri Lanka, July 19 -- Artificial intelligence (AI) is dismantling the traditional foundations of global competitiveness, making low labour costs and large workforces less relevant while creating an unprecedented opportunity for smaller countries such as Sri Lanka to compete on equal footing with larger economies, President of NASSCOM (National Association of Software and Service Companies) India's premier not-for-profit apex trade body and chamber of commerce for the tech and IT-BPM (Information Technology-Business Process Management) industry, Rajesh Nambiar said.

He was speaking at the SLASSCOM Annual General Meeting 2026 in Colombo last week.

Nambiar said the world had reached a defining technological inflection point where AI would...