Wipro commits $1 billion investment into AI over next 3 years

The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, Wipro said in an exchange filing.

By: Reuters

Bengaluru | July 12, 2023 11:23 AM IST

2 min read

The company launched Wipro ai360, its AI-first innovation ecosystem and said that it would train all of its about 250,000 employees on AI over the course of the next 12 months. (file image)

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Indian IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years.

The investments will focus on the expansion of AI, big data, and analytics solutions, as well as developing new research and development and platforms, it said in an exchange filing.

This comes almost a week after rival Tata Consultancy Services said it planned to train 25,000 engineers to get them certified on Microsoft’s Azure Open AI.

Also read | Wipro Q4 revenue rises 11% YoY to Rs 23,190 crore, announces share buyback of Rs 12,000 crore

Companies across the world, from banks to big tech, have doubled down on 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 and said that it would train all of its about 250,000 employees on AI over the course of the next 12 months.

“Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries,” Wipro CEO Thierry Delaporte said.

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