Infosys has begun positioning itself as an AI-first company with investor decks talking more about it, say long-time investors and technology consultants. But this ambition is lodged inside a 40-year-old IT services machine that was built to squeeze margins, not chase breakthroughs.And unless Infosys breaks it free, its most promising asset might end up as just another internal toolset, one which is underfunded, underutilised, and overtaken by the start-ups it was supposed to outpace.