- Wipro is set to invest $1 billion to train its workforce in artificial intelligence and incorporate the technology into its products.
- The three-year plan includes merging the expertise of 30,000 employees from various domains to enhance the firm’s internal operations and client solutions.
- Wipro’s investment is also aimed at supporting cutting-edge startups and developing an accelerator program for emerging businesses specializing in generative AI.
In an effort to bolster its technological prowess, Wipro, the India-based outsourcing provider, has announced its intention to invest $1 billion over the next three years. This strategic investment aims to train its quarter-million strong workforce in artificial intelligence (AI), while also integrating this innovative technology into the company’s product offerings. The initiative marks an important step in the company’s roadmap to embed advanced technologies into all aspects of its operations and client solutions.
Internal Reorganization and Skill Enhancement
Part of Wipro’s three-year spending plan includes an internal reorganization effort. The company plans to harness the skills and expertise of 30,000 employees from cloud, data analytics, consulting, and engineering departments. This move aims to amalgamate various skill sets, leading to the successful integration of AI technology into all internal operations and client-oriented solutions, according to a statement released by Wipro.
Global Adoption of AI
Worldwide, companies are incorporating AI technology to maintain their competitive edge, spurred by the success of generative AI solutions like OpenAI’s ChatGPT. Other major players in India‘s IT landscape, such as Tata Consultancy Services, are also betting on AI, with plans to train thousands of engineers in the technology. Meanwhile, Happiest Minds Technologies is readying for a significant recruitment drive to meet the growing demand for custom AI bots.
As part of its commitment to fostering innovation in the AI sector, Wipro has pledged to accelerate investments in promising startups. The company is also looking at establishing an accelerator program specifically for young firms focusing on generative AI.