Wipro Launches AI-First Innovation Ecosystem, Plans $1B Investment
Portfolio Pulse from Lekha Gupta
Wipro Ltd (NYSE:WIT) has announced the launch of an AI-first innovation ecosystem, Wipro ai360, and plans to invest $1 billion over the next three years to enhance its AI capabilities. The company's innovation hub, Lab45, will play a crucial role in the ecosystem. Wipro also plans to drive investments in startups through Wipro Ventures and launch a GenAI Seed Accelerator program. The company aims to train all its 250,000 employees on AI fundamentals and responsible use of AI over the next 12 months.
July 12, 2023 | 9:30 am
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Wipro's $1 billion investment in AI capabilities and the launch of Wipro ai360 could potentially boost the company's competitiveness in the AI sector. The company's stock closed higher by 0.43% at $4.70 on Tuesday.
Wipro's significant investment in AI and the launch of Wipro ai360 indicates the company's commitment to strengthening its position in the AI sector. This could potentially attract more investors, leading to a positive impact on the company's stock price.
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