TCS partners with Google Cloud to launch AI generative solutions

TCS partners with Google Cloud to launch AI generative solutions

by 5paisa Research Team Last Updated: May 22, 2023 - 06:25 pm 936 Views
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TCS has announced Generative AI Partnership with Google Cloud and New Offering for Enterprise Customers.

Launch of Generative AI 

Tata Consultancy Services has announced an expanded partnership with Google Cloud and the launch of its new offering, TCS Generative AI which leverages Google Cloud’s generative AI services, to design and deploy custom-tailored business solutions that help clients harness the power of this exciting new technology to accelerate their growth and transformation.

Building on its deep domain knowledge across multiple industry verticals and investments in research and innovation, TCS has developed a large portfolio of AI-powered solutions and intellectual property in the areas of AIOps, Algo Retail™, smart manufacturing, digital twins and robotics. The company is currently working with clients in multiple industries, to explore how generative AI can be used to deliver value in their specific business contexts.

This new offering is powered by Google Cloud’s Generative AI tools – Vertex AI, Generative AI Application Builder and Model Garden, and TCS’ own solutions. TCS will use its client-specific contextual knowledge, proven design thinking and agile development processes to ideate solutions jointly with clients, rapidly prototype the most promising ideas and build full-fledged transformation solutions with enhanced time to value.

Stock price movement 

On Monday, the stock opened at Rs 3222.85 and touched a high and low of Rs 3308 and Rs 3218.15 respectively. The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high and low of Rs 3,575 and Rs 2926, respectively. Last one week high and low of the scrip stood at Rs 3308 and Rs 3196 respectively. The current market cap of the company is Rs 12,06,736.85 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.25% and 5.45%, respectively.

Company Profile 

Tata Consultancy Services is the flagship company and a part of the Tata Group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive-powered, integrated portfolio of business, technology and engineering services and solutions. 

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