https://sputniknews.in/20230712/tech-giant-wipro-to-invest-1-billion-into-ai-over-three-years--2962016.html
Tech Giant Wipro to Invest $1 Billion Into AI Over Three Years
Tech Giant Wipro to Invest $1 Billion Into AI Over Three Years
Sputnik India
Tech giant Wipro on Wednesday announced plans to invest $1 billion into Artificial Intelligence (AI) over the next three years.
2023-07-12T17:54+0530
2023-07-12T17:54+0530
2023-07-12T17:54+0530
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Tech giant Wipro announced plans to invest $1 billion into Artificial Intelligence (AI) over the next three years on Wednesday.The company explained in a statement that the investment would focus on expanding AI, big data, analytics solutions and developing new research, development and platforms. “With the emergence of generative AI, we expect a fundamental shift up ahead for all industries,” Wipro Chief Executive Officer Thierry Delaporte said. The company also launched Wipro ai360, its AI-first innovation system.The tech giant announcement came a week after its rival Tata Consultancy Services said it would be training its 25,000 engineers to get them certified on Microsoft's Azure Open AI.
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tech giant, wipro, artificial intelligence investment, big data, analytics solutions, thierry delaporte, wipro ai360, tata consultancy services, microsoft's azure open ai.
tech giant, wipro, artificial intelligence investment, big data, analytics solutions, thierry delaporte, wipro ai360, tata consultancy services, microsoft's azure open ai.
Tech Giant Wipro to Invest $1 Billion Into AI Over Three Years
Deexa Khanduri
Sputnik correspondent
Artificial Intelligence (AI) has evolved to become one of the key drivers in the tech industry of late. AI-generated revenue in India in 2023 is expected to be $22.2 billion, compared to $12.3 billion in 2022. IT service providers hold 56% of the AI market share in India.
Tech giant Wipro announced plans to
invest $1 billion into
Artificial Intelligence (AI) over the next three years on Wednesday.
The company explained in a statement that the investment would focus on expanding AI, big data, analytics solutions and
developing new research, development and platforms.
"Wipro Ltd., the Indian outsourcing provider, plans to spend $1 billion to train its 250,000 employees in artificial intelligence and integrate the technology into its product offerings," the release stated.
“With the emergence of generative AI, we expect a fundamental shift up ahead for all industries,” Wipro Chief Executive Officer Thierry Delaporte said. The company also launched Wipro ai360, its AI-first innovation system.
The tech giant
announcement came a week after its rival
Tata Consultancy Services said it would be training its 25,000 engineers to get them certified on
Microsoft's Azure Open AI.
