Wipro Commits $1 Billion Spending into AI

CIOTechOutlook Team | Wednesday, 12 July 2023, 04:38 IST

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A $1 billion investment in artificial intelligence (AI) is planned over the next three years, according to Indian IT services giant Wipro Ltd. According to a filing with the exchange, the investments would be concentrated on enhancing big data, analytics, and AI solutions as well as creating new platforms for research and development.
 
This announcement follows rival Tata Consultancy Services' announcement that it will train 25,000 engineers and certify them on Microsoft's Azure Open AI.After ChatGPT, a generative AI chatbot developed by Microsoft-backed OpenAI, caught the world by storm in late 2022, businesses all over the world—from banks to major tech—have increased their investments in AI.
 
Additionally, the business introduced Wipro ai360, its ecosystem for AI-first innovation, and declared that it would train all 250,000 of its staff members in AI over the course of the following 12 months.
 
"Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries," Wipro CEO Thierry Delaporte said.
 
A worldwide organization called Wipro offers business process, consulting, and information technology services. One of the top Big Tech businesses, it. Cloud computing, computer security, digital transformation, artificial intelligence, robotics, data analytics, and other technology consulting services are among the competencies of Wipro, which provides services to clients in 167 countries.
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