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India’s Wipro commits $1 billion investment into AI

India’s Wipro commits $1 billion investment into AI

BENGALURU, July 12 (Reuters) – Wipro Ltd, an Indian IT services provider, announced on Wednesday its plan to invest $1 billion in artificial intelligence (AI) over the next three years. The company aims to utilize these investments to expand its AI, big data, and analytics solutions, as well as develop new research and development platforms. This strategic move follows a recent announcement by rival Tata Consultancy Services (TCS) regarding its plan to train 25,000 engineers and certify them on Microsoft’s Azure Open AI.

The global business landscape has witnessed a surge in AI investments across various industries, including banking and big tech, since the rise of ChatGPT—an innovative generative AI chatbot developed by Microsoft-backed OpenAI, which gained significant attention in late 2022.

In line with its commitment to AI, Wipro has also launched Wipro ai360, an AI-first innovation ecosystem. Additionally, the company aims to train all of its approximately 250,000 employees in AI within the next 12 months.

Wipro CEO, Thierry Delaporte, expressed his belief in the transformative potential of AI, particularly with the emergence of generative AI. He anticipates a fundamental shift in all industries in the near future.


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