Bengaluru: Indian IT service provider Wipro Limited said on Wednesday that it plans to invest $1 billion artificial intelligence (AI) over the next three years.
The investment will focus on the expansion of AI, big data and analytics solutions, as well as the development of new R&D and platforms, it said in an exchange filing.
This comes about a week after rival Tata Consultancy Services said it planned to train 25,000 engineers to become certified on Microsoft’s Azure Open AI.
Companies around the world, from banks to big tech, have doubled investments in AI after ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI, took the world by storm in late 2022.
The company also launched wipro AI360, its AI-first innovation ecosystem, said it would train all of its approximately 250,000 employees on AI over the next 12 months.
“Especially with the emergence of generative AI, we expect a fundamental shift for all industries,” said Thierry Delaporte, CEO of Wipro.
The investment will focus on the expansion of AI, big data and analytics solutions, as well as the development of new R&D and platforms, it said in an exchange filing.
This comes about a week after rival Tata Consultancy Services said it planned to train 25,000 engineers to become certified on Microsoft’s Azure Open AI.
Companies around the world, from banks to big tech, have doubled investments in AI after ChatGPT, a generative AI chatbot by Microsoft-backed OpenAI, took the world by storm in late 2022.
The company also launched wipro AI360, its AI-first innovation ecosystem, said it would train all of its approximately 250,000 employees on AI over the next 12 months.
“Especially with the emergence of generative AI, we expect a fundamental shift for all industries,” said Thierry Delaporte, CEO of Wipro.