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July 14, 2023
IT consultancy giant Wipro is investing $1 billion in AI over the next three years and launched an AI platform called Wipro ai360.
Wipro said its goal is to integrate AI “into every platform, every tool and every solution” offered to clients and also internally used by the company.
The India-based company’s ai360 platform will combine its technology and advisory services in cloud, data analytics and AI, design and consulting, cybersecurity and engineering with 30,000 Wipro data analytics experts.
Wipro said ai360, which will have “responsible AI at its core,” will help companies deploy AI across their operations.
Thierry Delaporte, CEO of Wipro Limited, said in a statement that AI is a “fast-moving field. Especially with the emergence of generative AI, we expect a fundamental shift up ahead, for all industries. New business models, new ways of working, and new challenges, too.”
Ai360 will include Wipro’s innovation and research hub, called Lab45.
The $1 billion investment will “help further advance Wipro’s AI, data and analytics capabilities and foundation, R&D and platforms, enhance FullStride Cloud, and build new consulting capabilities to help clients adapt to change and unlock new value through AI,” according to the company.
Notably, Wipro said it plans to train all of its 250,000 global employees on AI fundamentals over the next 12 months. The company is developing a curriculum for employees to complete after which they will get credentials.
Wipro joins other consulting firms in ramping up investments in AI. KPMG reportedly is investing $2 billion in AI over the next five years while Accenture is investing $3 billion in AI over the next three years and PwC plans to invest $1 billion in generative AI services over the next three years.
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