Wipro, an Indian IT services provider, plans to invest $1 billion into artificial intelligence (AI) over the next three years. This investment aims to expand Wipro’s AI capabilities, strengthen its foundation, and enhance its research and development (R&D) efforts and platforms. Additionally, it seeks to bolster Wipro’s AI talent pool and accelerate the adoption of AI by its customers.
Thierry Delaporte, Wipro’s CEO, considers this investment a significant milestone in the company’s quest to become an AI leader. Delaporte believes that AI has the potential to transform Wipro’s business and assist customers in solving crucial global challenges.
Wipro’s investment is part of a larger trend in India, where there has been a substantial increase in AI investment. According to a report by VC analytics firm Tracxn, investments in AI startups in India surged from $1.7 billion in 2020 to $5.2 billion in 2022.
Recognizing the potential of AI, the Indian government launched the National Strategy for Artificial Intelligence in 2020. The strategy aims to position India as a global leader in AI by 2030.
This investment by Wipro and the overall rise in AI investment highlight the growing significance of AI in the Indian economy. The transformative power of AI extends to various sectors, including healthcare, manufacturing, and finance, and it is predicted to create millions of new jobs in India.
Wipro has outlined several key areas where it plans to utilize the $1 billion investment in AI. Firstly, it intends to expand its AI capabilities and foundation by investing in cutting-edge technologies like machine learning, natural language processing, and computer vision. Additionally, Wipro will concentrate on building a robust AI foundation, including data lakes and analytics platforms.
Secondly, Wipro aims to enhance its AI talent pool. It plans to recruit more AI experts and provide training in AI to its existing employees. Furthermore, Wipro intends to collaborate with universities and research institutions to cultivate AI talent within India.
Lastly, Wipro is focused on accelerating the adoption of AI by its customers. The company aims to achieve this by offering AI solutions, consulting services, and training to its customers. It also plans to collaborate with customers to develop new AI-enabled products and services.
In conclusion, Wipro’s $1 billion investment in AI signifies a significant step towards becoming a leader in the field. It mirrors the broader trend of increasing AI investment in India, highlighting the growing importance of AI in the Indian economy and its potential to revolutionize various industries while creating numerous job opportunities.
