Multinational, Indian technology services and consulting company, Wipro Limiter, has announced its decision to invest $1 billion in AI technology over the next three years, in response to the increased adoption of artificial intelligence (AI) by other companies.
As part of its efforts to increase value and productivity through AI usage, Wipro has also announced the launch of Wipro ai360, an innovative AI ecosystem developed to integrate AI into every solution, tool and platform companies use internally and also offer to clients.
CEO and Managing Director of Wipro Limited, Thierry Delaporte, was confident of a surge in AI usage by companies across the world, stating “AI is a fast-moving field. Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries.”
Wipro ai360 will therefore help organisations benefit from the true value of AI. Wipro Limited believes helping infuse AI usage worldwide will help enterprises meet the future bravely. Wipro ai360, Wipro says, will help unleash a new era of commercial opportunities through the application of AI and generative AI (GenAI).
Investing Into AI, Data Analytics and Consulting Capabilities
Wipro Limited’s $1 billion AI investment will help advance the company’s AI, data analytics capabilities and foundation, research and development (R&D) platforms, and build new consulting capabilities to help clients effectively adopt and benefit from AI usage.
Through Wipro Ventures, which is Wipro Limited’s investment arm, the company plans to invest in more innovative start-ups. Wipro programs like the GenAI Seed Accelerator program, will also train selected GenAI-focused start-ups to become enterprise-ready.
To do this, Wipro ai360 will make use of 30,000 Wipro AI and data analytics experts, alongside Wipro’s technology and advisory ecosystem from four global business lines. These experts will look at how fields like cybersecurity, data analytics and AI design, partnerships, consulting, and engineering can be leveraged to create solutions to problems and insert AI across all practices and processors.
Wipro Limited has also opted to train all of its 250,000 employees on AI fundamentals and responsible usage, over a one-year period. Even so, the company plans to go beyond that timeframe, and intends to provide more customised, ongoing training for employees in AI-specialized roles.
Wipro’s future point toward full AI integration, and the company’s taking measures to make sure it’s used responsibly. The CEO noted that “Wipro’s ai360 ecosystem places responsible AI operations at the heart of all our AI work,” He added that it’s “meant to empower our talent pool and be ubiquitous across all our operations and processes, as well as our solutioning for clients. We are ready for the AI-driven future!”
Other Companies Investing in AI
Other major technology companies like Google and the International Business Machines Corporation (IBM) have also announced their decision to invest in AI technology, with IBM announcing its IBM watsonx AI platform in May.
In June, Irish-American IT company, Accenture, also announced a $3 billion investment over a three-year period for its Data and AI practice.