Aditya Birla Group Chairman Kumar Mangalam Birla on Tuesday said the investments in artificial intelligence (AI) should be based on the returns they can generate rather than rushing into adoption with a sense of "FOMO (fear of missing out)", according to news agency PTI.

Companies looking at return on investment

The Group will look at investments in AI "a little more gradually" than what it had envisaged a year ago, he said, while adding that there is a shift from an "AI arms race"  for compute and talent to returns on the investment in AI.