Wipro Commits to Investing US$1 Billion in AI Advancements

Wipro an IT service company committed to investing US$1 billion in Artificial Intelligence

Wipro, a multinational firm, has officially announced that it will contribute US$1 billion over the coming three years to advances in artificial intelligence (AI). On June 30, 2021, the corporation unveiled its ambitious intentions. Over the next three years, Wipro plans to intensify its commitment to research and innovation and the US$1 billion investment. While a more significant chunk of the cash will go towards projects like talent development and growing the company's partner ecosystem, a minor piece will support Wipro's cloud and infrastructure security services.

One of India's top IT service companies, Wipro, is demonstrating with this substantial investment its commitment to staying at the forefront of new developments and innovation. The business plans to create AI-enabled services, platforms, and solutions to give customers a more individualized experience and improve productivity.

Wipro has already won praise for its AI skills, and its in-house AI platform Holmes is frequently cited as one of the most critical turning points in the business's history. The AI platform uses technologies like natural language processing, robotic process automation (RPA), and semantics to significantly increase efficiency in various use cases. The AI-enabled technology has already improved client happiness and Wipro's financial performance and is anticipated to continue.

This action by Wipro is significant because it shows that businesses are still prepared to spend a lot of money on AI services to stay competitive. Technology usage has surged due to the epidemic, and artificial intelligence (AI) has become a popular topic for investment.