Infosys: Infosys to establish an AI lab in London; Wipro partners with UK’s Wealthtime

Infosys on Wednesday said it unveiled its new and expanded Living Labs, part of a network of over 12 established centres globally, to help clients accelerate innovation and leverage emerging technologies for future-proofing their business. The Indian IT major also announced a collaboration with University of Cambridge to establish a new AI Lab, aimed at harnessing the power of AI, said the company in a filing with BSE.Tarang Puranik, executive vice president and head of delivery for Europe, Infosys, said, “Our Living Labs in London will help enterprises adapt to rapidly changing business cycles and accelerate their digital transformation journey with strategic innovations leveraging Infosys Topaz and Infosys Cobalt. London is a melting pot of some of the world’s most forward-thinking and disruptive companies, and our commitment to be a major part of its technological evolution is outlined in this significant investment through our new state-of-the-art collaborative workspace, the launch of Infosys Living Labs and our AI Lab in collaboration with the University of Cambridge.”Meanwhile, cross town IT rival, Wipro partnered with advisor focussed platform business, Wealthtime, and its global technology partner GBST to deliver a market leading, digital-first platform and innovative customer-centric service offering. Under the agreement, Wipro and GBST will employ a joint co-delivery model to provide end-to-end platform services.

Wipro in a BSE filing, said, “Under the deal, Wealthtime’s operations and technology & change functions will transfer to Wipro’s newly established UK centre of excellence for business processing, based in the Southwest area. Transferring these functions will allow Wealthtime to leverage Wipro’s advanced technology and substantial IT and AI experience to continually improve service standards and front-end applications.”