Wipro has revealed that it plans to invest more than $1 billion in enhancing its Artificial Intelligence (AI) capabilities in the next three years. Along with this announcement, the company also introduced a new strategy focused on harnessing the potential of this emerging technology.
According to a press release, Wipro’s $1 billion investment will be allocated to various areas such as advancing their AI, strengthening their R&D efforts and platform, data and analytics capabilities, improving FullStride Cloud, and developing consulting capabilities to assist clients in leveraging AI for creating additional value.
Wipro’s ai360 initiative aims to combine the expertise of their 30,000 professionals with specialised in data analytics and AI with the technological and advisory ecosystem of Wipro’s four global business lines. This move is to maximise the potential and foster innovation of AI withing the company.
The CEO and MD of Wipro, Theirry Delaporte, highlighted the growing importance of AI particularly with the emergence of generative AI. He emphasised the anticipation of a significant transformation in various industries, encompassing new business models, work methodologies and associated challenges.