Indian IT giant Infosys will expand its partnership with tech major Google Cloud to develop industry-specific artificial intelligence (AI) solutions for enterprises.
Under the expansion plan, Infosys will establish global generative AI Labs to accelerate development of AI solutions for enterprises that can be embedded in business processes. These new offerings will be built by leveraging Google Cloud’s generative AI solutions and Infosys’ in-house Topaz offerings.
Infosys will also train 20,000 practitioners on Google Cloud’s various AI solutions to ensure resources and expertise are available to develop, implement, and manage generative AI projects.
Besides, the IT major is also working with the tech giant to develop a suite of generative AI solutions and platforms to solve ‘large and complex problems’ across both business and technology domains. These products will cover use cases such as consumer AI, autonomous supply chain, anti-money laundering, among others.
The partnership will also leverage Infosys’ existing trove of data, analytics and expertise in the AI space to build effective solutions, the company said.
“Infosys has been long making investments in the AI space… The combined strength of Google Cloud’s generative AI capabilities, Infosys Cobalt, and Infosys Topaz will help enterprises transform and future-proof their business, built on strong digital, cloud, and next-generation AI capabilities,” said Infosys chief executive officer (CEO) Salil Parekh.
Commenting on the announcement, Google Cloud CEO Thomas Kurian said, “… Through our expanded partnership with Infosys, we will give our mutual customers the resources and skills needed to use generative AI today to create real-world value for their organisations.”
The joint partnership will also enable Infosys to enhance its existing suite of products with generative AI capabilities. This will help both companies accelerate the adoption of generative AI among enterprises and drive operational efficiency.
The development comes at a time when more and more companies are looking to leverage and adopt generative solutions. The debut of ChatGPT has sparked an AI boom as companies look to deploy such solutions to improve efficiency while IT companies eye building AI-based offerings for clients.
Just last month, Indian conglomerates Reliance and Tata Group inked pacts with US-based chipmaker NVIDIA to build and scale cloud-based AI computing infrastructure. Tata Group is the parent of Infosys’ archrival TCS.
Meanwhile, the Centre is also pushing homegrown players to develop India-specific AI solutions, while a majority of Indian entrepreneurs too seems to have a positive outlook towards the emerging technology.
Google has also followed this curve and introduced a slew of generative AI offerings for its customers as well as B2B clients. From new gen-AI search capabilities for healthcare professionals to unveiling chatbot Bard, Google has left no stone unturned to cash in on the AI wave.
AI is expected to be the new frontier of competition for companies globally. As per a report, the global AI market is projected to reach a size of $738.8 Bn by 2030.
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