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HomeNewsWipro to Invest $1 Billion in AI Capabilities Over 3 Years

Wipro to Invest $1 Billion in AI Capabilities Over 3 Years

Over the course of the upcoming year, the tech giant said it will teach all 2.5 lakh of its employees in AI basics and safe usage of AI.

According to a statement released on July 12, Wipro has introduced an AI-first ecosystem called Wipro ai360 and aims to include artificial intelligence into every platform or solution it utilizes both internally and as part of client solutions. The business will spend $1 billion on this over the following three years to improve AI capabilities.

Over the course of the upcoming year, the tech giant said it will teach all 2.5 lakh of its employees in AI basics and safe usage of AI. The big IT company claimed that the investments would be used to grow AI, its data and analytics solutions, create new R&D and platforms, and improve the capabilities of FullStride Cloud and Consulting.

To create new solutions and incorporate AI into all procedures and practices, it will make use of capabilities from the cloud and partnerships; data analytics and AI; design and consulting; cybersecurity; and engineering. Given that generative AI has the ability to drastically change the business, this is just the most recent in a long line of investments made by IT corporations in AI capabilities.

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According to Thierry Delaporte, managing director and managing director at Wipro Limited, Artificial Intelligence is a fast-moving field. “We anticipate a dramatic shift in the future for many industries, especially with the introduction of generative AI. New difficulties, new working methods, and new business models are all present. The Wipro ai360 ecosystem places responsible AI operations at the core of all our AI efforts precisely for this reason,” he said.

According to the announcement, the platform would bring together the company’s 30,000 data analytics and AI specialists as well as the IT community from its four main business lines. Through Wipro Ventures, Wipro will also seek to fund “cutting-edge” startups. Additionally, it will introduce a seed accelerator programme for generative AI-focused companies to prepare them for commercialization.

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Sahil Pawar
Sahil Pawar
I am a graduate with a bachelor's degree in statistics, mathematics, and physics. I have been working as a content writer for almost 3 years and have written for a plethora of domains. Besides, I have a vested interest in fashion and music.

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