Wipro will invest $1 billion in Artificial Intelligence (AI) over 3 years

Wipro will invest $1 billion in AI over 3 years
Wipro will invest $1 billion in AI over 3 years

by Tanushree Jaiswal Last Updated: Jul 13, 2023 - 04:48 pm 458 Views

Wipro, a Bengaluru-based technology services and consulting firm, has announced its plan to invest $1 billion in enhancing its artificial intelligence (AI) capabilities over the next three years. This investment aims to strengthen the company's foundation in AI, data, and analytics.

In addition to the investment, Wipro has launched a new initiative called Wipro ai360, an AI-first innovation ecosystem. The objective of this ecosystem is to integrate AI into all aspects of Wipro's operations and solutions. The company aims to unlock new value, improve productivity, and create commercial opportunities by applying AI and generative AI across different industries.

Wipro ai360 brings together a team of 30,000 data analytics and AI experts from within the company. This team will collaborate with an advisory ecosystem representing all global business lines, fostering innovation and ensuring the widespread adoption of AI throughout Wipro's operations.

To empower its workforce and promote AI expertise, Wipro plans to train all 250,000 employees on AI fundamentals and responsible AI usage within the following year. The company recognizes the importance of equipping its employees with the necessary skills to leverage AI effectively.

To foster innovation, Wipro will accelerate investments in cutting-edge startups through Wipro Ventures. Additionally, the company will launch the GenAI Seed Accelerator program, which aims to provide specialized training to selected startups focused on generative AI, preparing them for enterprise-level readiness.

Wipro's commitment to AI also involves developing a comprehensive curriculum that outlines the AI journey for different roles within the organization. Employees who successfully complete this curriculum will receive credentials through the Decentralized Identity & Credential Exchange (DICE) ID platform, validating their AI expertise.

Through these strategic moves, Wipro aims to remain at the forefront of the rapidly evolving AI field, drive innovation, and promote the widespread adoption of AI across its operations, processes, and client solutions.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


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